Dangote Maintains Rank as Forbes' Richest Man in Africa

Category: Africa News

Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List.

This is contained in a post on their verified Twitter account @Forbes.

According to the report, for 11th year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion in 2021.
This according to the magazine, followed a 30 per cent increase in the stock price of Dangote Cement, his most valuable asset.

A surge in housing developments in Nigeria and growth in government infrastructure spending drove higher demand in the first nine months of 2021, analysts found.

The report added that Africa’s billionaires were richer than they had been in years, despite the global pandemic.

See the full list below……………………………


1 Aliko Dangote $13.9 B 64 cement, sugar

2 Johann Rupert $11 B 71 luxury goods

3 Nicky Oppenheimer $8.7 B 76 diamonds

4 Nassef Sawiris $8.6 B 61 construction, investments

5 Abdulsamad Rabiu $7 B 61 cement, sugar

6 Mike Adenuga $6.7 B 68 telecom, oil

7 Issad Rebrab $5.1 B 78 food

8 Naguib Sawiris $3.4 B 67 telecom

9 Patrice Motsepe $3.1 B 59 mining

10 Koos Bekker $2.7 B 69 media, investments

10 Strive Masiyiwa $2.7 B 60 telecom

12 Mohamed Mansour $2.5 B 74 diversified

13 Aziz Akhannouch $2.2 B 61 petroleum, diversified

14 Michiel Le Roux $1.7 B 72 banking

15 Othman Benjelloun $1.5 B 89 banking, insurance

16 Mohammed Dewji $1.5 B 46 diversified

17 Youssef Mansour $1.5 B 76 diversified

18 Yasseen Mansour $1.1 B 60 diversified