Dangote retains spots as Africa’s Richest Man- Forbes Billionaire Ranking 2018

Business Tycoon, Alhaji Aliko Dangote, Age 61,  may have retained his spot as Africa’s money bag with an estimated worth of $10.3bn, closely followed by Globacom chairman, Mike Adenuga aged 65, ($9.2bn), but according to the latest ranking by Forbes, Dangote’s estimated net worth dropped by $2.1bn from 2018.
In 2015, Dangote was reported to have a net worth of $25bn, but three years after, that lot has reduced by about $15bn. Nigerians have reacted, with some attributing it to the poor economic condition of the country. It should be noted that Nigeria, was, in 2018 reported to have overtaken India has the world poverty capital.
Dangote retained the spot of Africa’s billionaire with his investment basically in  cement production, sugar, publicly traded salt   and flour. Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020.

Other African billionaires include:

3. 
   Nicky Oppenheimer $7.3 B 73years       Diamonds
4. 
   Nassef Sawiris $6.3 B 57years       Construction, chemicals
5. 
   Johann Rupert $5.3 B  68 years    Luxury goods.
6. Issad Rebrab               $ 3.7b   75years     food, selfmade

7. Naguib Sawiris $2.9 B 64years    Telecommunications
8. Koos Bekker $2.3 B       66years  Media, investments
9. 
   Isabel dos Santos $2.3 B 45years      Investments
10. Mohamed Mansour $2.3 B 70years   Diversified
11. 
    Strive Masiyiwa $2.3 B 57years    Telecommunication
12. 
    Aziz Akhannouch $2.1 B 58years    Petroleum, diversified
13. 
    MohammedDewji $1.9 B 43years     Diversified
14. Othman Benjelloun $1.7 B 86years   Banking, insurance

15. 
    Abdulsamad Rabiu $1.6 B 58years    Cement, sugar
16. 
    Yasseen Mansour $1.5 B 57years     Diversified
17. 
    Youssef Mansour $1.2 B 73years      Diversified
18. 
    Folorunsho Alakija $1.1 B 68years       Oil
19. 
    Michiel Le Roux $1.1 B 69years      Banking