Aliko Dangote: Still the Richest Man in Africa-Forbes Ranking Reveals

A recent report by Forbes shows that Aliko Dangote the Nigerian cement and commodities tycoon is still the richest man in Africa with a net worth of $4.3 trillion.

Forbes in their publication confirmed that, Dangote’s wealth grew by $100 million in 2017, making him Africa’s richest man for the seventh consecutive time.

The report reads: “Dangote is looking beyond cement –his most valuable asset – and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”

As indicated in the 23-man list report, two other Nigerians-Mike Adenuga and Folorunsho Alakija are also featured in the report with Mike Adenuga ranking fifth with a net worth of $5.3 billion while Alakija is ranked 15th with a net worth of $1.6 billion.

The list also featured other rich men from other nations including eight African countries. South Africa had the highest number of rich men in Africa with eight persons, followed by Egypt with six, three from Nigeria, two from Morocco and one each from Algeria, Angola, Tanzania, and Zimbabwe.