The Executive Chairman, Dangote Group Alhaji Aliko Dangote has retained his Number one position as Africa’s richest man for the eighth consecutive time, despite shedding $2 billion in less than a year.
According to Forbes billionaires’ list which was released on Wednesday, Dangote’s worth dropped by $2 billion, from $12.2 billion in January 2018 to $10 billion in January 2019.
Another Nigerian on the listed is Mike Adenuga, Chairman/Chief Executive Officer of Globacom. His remarkably shot up from $5.3 billion to $9.2 billion because he provided more detailed information about his assets.
Nigerian oil magnate, Folorunsho Alakija, was ranked 19th. Her net worth dropped slightly to $1.1 billion from $1.3 billion. She recorded a tie with South African banker, Michiel Le Roux.
Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, was featured on the list for the first time since 2015. He is standing at number 16 on the list with $1.6 billion.
In a per-country ranking, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Forbes found one billionaire each from Algeria, Angola, Tanzania, and Zimbabwe.
See the full list below:
| Rank | Name | Net Worth | Age | Origin of Wealth | |
|---|---|---|---|---|---|
 | #1 | Aliko Dangote | $10.3 B | 61 | cement, sugar, flour |
 | #2 | Mike Adenuga | $9.2 B | 65 | telecom, oil |
 | #3 | Nicky Oppenheimer | $7.3 B | 73 | diamonds |
 | #4 | Nassef Sawiris | $6.3 B | 57 | construction, chemicals |
 | #5 | Johann Rupert | $5.3 B | 68 | luxury goods |
 | #6 | Issad Rebrab | $3.7 B | 75 | food |
 | #7 | Naguib Sawiris | $2.9 B | 64 | telecom |
 | #8 | Koos Bekker | $2.3 B | 66 | media, investments |
 | #8 | Isabel dos Santos | $2.3 B | 45 | investments |
 | #8 | Mohamed Mansour | $2.3 B | 70 | diversified |
 | #8 | Strive Masiyiwa | $2.3 B | 57 | telecom |
 | #8 | Patrice Motsepe | $2.3 B | 56 | mining |
 | #13 | Aziz Akhannouch | $2.1 B | 58 | petroleum, diversified |
 | #14 | Mohammed Dewji | $1.9 B | 43 | diversified |
 | #15 | Othman Benjelloun | $1.7 B | 86 | banking, insurance |
 | #16 | Abdulsamad Rabiu | $1.6 B | 58 | cement, sugar |
 | #17 | Yasseen Mansour | $1.5 B | 57 | diversified |
 | #18 | Youssef Mansour | $1.2 B | 73 | diversified |
 | #19 | Folorunsho Alakija | $1.1 B | 68 | oil |
 | #19 | Michiel Le Roux | $1.1 B | 69 | banking |
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