Aliko Dangote of Nigeria is Africa’s richest person for the tenth time in a row, according to the 2021Forbes’ Africa Billionaire’s list released on friday, January 22.
Forbes stated that the President/ CEO of Dangote Groupis now worth $12.1 billion, up by $2 billion from last year’s list following a 30% rise in the share price of Dangote cement.
”For the tenth time in a row, Aliko Dangote of Nigeria is the continents richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 per cent rise in the share price of DAngote cement, by far his most valuable asset”.
The list captured seven different countries with 18billionaires: South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Altogether they are worth $73.8 billion, slightly more than the $73.4 billion aggregates worth of the 20 billionaires on last year’s list of Africa’s richest people.
Mike Adenuga of Globacom, and Abdulsamad Rabiu of BUA Group, both Nigerians, made it to the list as the fifth and sixth richest persons in Africa respectively.
Forbes said the biggest gainer this year is Nigerian cement tycoon, Abdulsamad Rabiu.
”Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria stock exchange in January 2020, have doubled in valuein the past year. That pushed Rabiu’s fortune up by an extraordinary 77% to $5.5billion.
The second richest is Nassef Sawiris of Egypt, whose largest asset is nearly 6% stake in sportswear maker Adidas, Nicky Oppenheimer of South Africa, who inherited a stake in Diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers mining giant AngloAmerican for $5.1billion, ia at number 3.
