Aliko Dangote remains Africa’s wealthiest person for 9th time

Aliko Dangote remains Africa’s wealthiest person for 9th time

- Aliko Dangote has become the richest man in Africa for the ninth time with a valued wealth of $10.1 billion (GHC 54,186,358,600)

- It should be noted, however, that it is a bit slope from his 2019 net worth of $10.3 billion, a dip that was caused by the fall of Dangote Cement's stock price

- Isabel dos Santos and Folorunsho Alakija are the only two women billionaires on the Top 20 ranking done by Forbes

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Aliko Dangote has been declared Africa’s richest man with an estimated net worth of $10.1 billion (GHC 54,186,358,600). That will make the ninth time the Nigerian will be getting the position.

The ranking was made by Forbes, an American media organisation famous for global ranking. It should be noted that his worth was $10.3 billion (GHC 55,259,355,800) in 2019.

The dip in his personal wealth was attributed to the fall in Dangote Cement’s stock price.

According to a Forbes report, out of the 54 nations in Africa, only eight countries can boast of having billionaires as South Africa, Egypt dominated the top 10 spots.

On the ranking, Nigeria comes second in Africa with four billionaires including the continent’s richest man.

A collage showing Dangote, Folorunsho, Adenuga, and Santos.
A collage showing Dangote, Folorunsho, Adenuga, and Santos.
Source: UGC

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On the list, Nassef Sawiris from Egypt is the number two richest in Africa with a personal wealth of $8 billion, an increase of his 2019’s $6.3 billion (N2,290,050,000,000) worth.

Nigeria’s Mike Adenuga is number three with a worth of $7.7 billion (N2,798,950,000,000). The billionaire owns GloMobile and Conoil, and also has an interest in real estate. Sharing the same position is Nicky Oppenheimer.

Out of the 20 billionaires from Africa, only two are women, and they are; Isabel dos Santos and Folorunsho Alakija.

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Africa's richest man has also hinted at a possible takeover of Premier League giants Arsenal, with the Nigerian business mogul declaring the takeover could happen in 2020 or 2021.

Dangote, a die-hard Arsenal fan, has been previously linked with the purchase of the club from Stan Kroenke - a deal that could gulp over $4 billion from his pocket.

But speaking with David Rubenstein in a show in America, the 62-year-old business mogul gave Nigerian Arsenal fans a sigh of relief after re-establishing interest in taking over the purchase of the North London side.

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Source: Yen

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