Dangote Maintains Ranking as Forbes' Africa's Richest Man

As per the 2021 version of the Forbes’ Top 10 Africa’s Billionaires List, for the 10th time, Nigeria’s business mogul, Mr. Aliko Dangote, has held his situation as the richest man in Africa with a total assets of $12.1 billion, higher than his 2020 $10.1 billion total assets by $2 billion.

Meanwhile, Egyptian billionaire, Nassef Sawiris, positioned second with a total assets of $8.5 billion, while two South African business tycoons, Nicky Oppenheimer and Johann Rupert, occupied third and fourth positions respectively on the rundown with $8 billion and $7.2 billion total assets. 

Dangote, whose business interest cuts across concrete and sugar producing, just as petrol refining, outperformed the second-set Sawiris in total assets by $3.6 billion.

In the rundown seen by money247, two other Nigerian business masters the Founder of Globacom, Chief Mike Adenuga, and Chairman of BUA Group, Mr. Abdul Samad Rabiu, clinched the fifth and 6th positions on the rundown, with $6.3 billion and $5.5 billion total assets, respectively. 

The report showed that Dangote’s total assets is higher than that of Adenuga and Rabiu by $5.8 billion and $6.6 billion respectively. 

Algerian billionaire, finance manager and Chief Executive Officer of the Cevital Industrial Group, Issad Rebrab, is the seventh on the rundown with a total assets of $3.2 billion, while, another Egyptian (Nassef Sawiris’ sibling), Naguib Sawiris, who is the Chairman and Chief Executive Officer of Orascom Telecom Media and Technology Holding was positioned eighth with a total assets of $3.2 billion. 

Two other South Africans, Patrice Motsepe of African Rainbow Minerals and the Chairman of Media Group Naspers, Koos Bekker, occupied 10th and tenth positions with $3 billion and $2.8 billion respectively.