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Aliko Dangote tops Forbes Africa’s richest list for 7th year in a row

When the name Aliko Dangote comes up in any conversation, the first thing that comes to mind is how much wealth he has as he has always been ranked as the richest man in Africa by Forbes. The billionaire business mogul doesn’t seem to be relinquishing his hold any time soon as he has been ranked as the richest man in Africa once again for the seventh time in a row. Alhaji Aliko Dangote remains Africa’s richest with a net worth of $12.2 billion, according to Forbes. As of February 2017, he had an estimated net worth of US$12.5 billion.

The tycoon is the is the owner of Dangote Group, which has interests in commodities in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.

Other Nigerians on the African list are Globacom Chairman Mike Adenuga ($5.3 billion) adjudged the fifth richest in Africa and Mrs Folorunsho Alakija ($1.6 billion) rated the 15th richest in Africa.

Following after Dangote in the African rich list is diamond mining heir Nicky Oppenheimer of South Africa ($7.7 billion) up $700 million last year.

Forbes said:

“Dangote is looking beyond cement his most valuable asset and has been investing in a fertiliser production company and a large oil refinery.

Dangote Fertiliser is expected to start operations in the second quarter this year.”

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