FOR THE 8TH YEAR, ALIKO DANGOTE RETAINS TOP SPOT ON THE LIST OF AFRICA’S RICHEST DESPITE DROPPING IN WORTH BY $2B
For the eighth year in a row, Nigeria’s Aliko Dangote is Africa’s richest person.
His estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset.
The continent’s second richest is Mike Adenuga, also of Nigeria, worth an estimated $9.2 billion. Adenuga owns Globacom, which is Nigeria’s third-largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria and a network of 12,000 cellphone towers. His net worth has climbed dramatically from $5.3 billion in January 2018 as a result of more detailed information provided by him about his assets.
Number three in Africa is diamond heir Nicky Oppenheimer of South Africa. His grandfather founded diamond mining firm DeBeers, which Nicky ran and then sold to mining giant Anglo American for $5.1 billion cash in 2012. He is currently worth an estimated $7.3 billion, down from $7.7 billion a year ago.
Among the few on the list who are richer than a year ago is Strive Masiyiwa of Zimbabwe, worth an estimated $2.3 billion, up from $1.6 billion last year. He’s richer due to a rise in the share price of Econet Wireless Zimbabwe and a new investment that boosted the value of his stake in fiber-optic and satellite-services firm Liquid Telecom.
Check out the full list below :
More Stories
CRYPTO REGULATION: SEC CHIEF TO MEET FOREIGN, LOCAL CRYPTO EXCHANGES, OTHERS MONDAY
The newly appointed Director General, Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto...
FOUNDER OF SAVE A LIFE HOSPITAL CRIES OUT AFTER GETTING N25M ELECTRICITY BILL IN RIVERS
The President of Save A Life Foundation, Dr Richard Okoye, has lamented the huge electricity bill he recently got from...
ITALIAN COURT INDICTS TOURISM MINISTER FOR COVID-ERA FRAUD
Italy's tourism minister was accused of fraud by prosecutors on Friday, over government redundancy money that her publishing enterprises had...
MILITARY COURT IN DR CONGO HANDS 8 TROOPS’ DEATH SENTENCE
Agency Report Eight soldiers, five of whom were officers, were sentenced to death on Friday by a military court in...
HOW TO APPLY FOR NIGERIAN ARMY RECRUITMMENT
The Nigerian Army has declared that the application process for women and non-tradesmen has begun. The application is free and...
BREAKING: YAHAYA BELLO VS EFCC: APPEAL COURT OVERTURNS LOKOJA COURT ORDER, RULES AGAINST EX-KOGI GOV
In a contempt action brought by Kogi State Governor Yahaya Bello, the Court of Appeal has overturned the Lokoja High...