For the eleventh time, Nigerian Aliko Dangote emerges richest man in Africa

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Despite the global pandemic, African continent made an increase of its global fortune as the 18 billionaires in Africa multiplied their net worth.

As reported by Forbes Magazine, Africa’s billionaires are richer than they ever been in years.

Forbes has reported that on average, the continent’s 18 billionaires are worth an average of 4.7 billion dollars each, up from 3.4 billion dollars last year. 

Nigerian business mogul Aliko Dangote was yet again crowned the richest African with an estimated net worth of 13.9 billion dollars.

This is the eleventh time he takes the top position among the richest Africans.

Dangote started his business empire by selling commodities such as salt, flour and sugar, his desire for business at a young age made him business oriented which acted as a catalyst for his growth giving rise for his business empire Dangote Cement.

Dangote Cement produces at least 45.6 million metric tons of cement every year and operates in 10 African countries. 

Johann Rupert, a south African entrepreneur comes second among the richest Africans, with a net worth of 11 billion dollars.

He is the chairman of the Swiss- based luxury goods company Richemont and the South Africa –based company Remgro. 

Nicky Oppenheimer, also a South African, and chairman of De Beers diamond mining company comes in third in the list with an estimated net worth of 8.7 billion dollars.

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