Dangote retains #1 position as Africa’s richest man

 

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ALIKO DANGOTE

The Chairman & CEO of Dangote Group, Alhaji Aliko Dangote has retained his position as the richest man in Africa, ranking according to popular magazine Forbes.

Dangote, who recently resigned from Dangote Flour Mills along with four directors, ranked number 1 among 50 other billionaires and millionaires in Africa. He is estimated to worth $16.7 billion USD (N3.3 trillion).

“Despite a weaker Nigerian currency and strife in the northern part of Nigeria, Aliko Dangote is still Africa’s richest man by far, even after a net worth decline of nearly $5 billion in the past year. In 2015 his Dangote Cement, Africa’s largest cement producer, launched new cement plants in Cameroon, Ethiopia, Zambia and Tanzania. In total, Dangote Cement produces more than 30 million metric tons annually, with a plan to double capacity by 2018. Dangote owns nearly 91% of publicly-traded Dangote Cement through a holding company; this percentage exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange. A note in Dangote Cement’s 2014 annual report states that “controlling shareholder Dangote Industries Limited has continued to reduce its holding in Dangote Cement towards the NSE-required level of 80% or less” but Dangote doesn’t appear to have sold many shares this year. Other companies in the Dangote Group – which is active in 15 African countries – include publicly-traded salt, sugar and flour manufacturing companies.”

africa's richest man

 

The consumer goods billionaire is not only reckoned in Africa or monetary valuations alone, but he’s influential also as United State-based business magazine, Bloomberg, named Dangote the 41st most influential person in the world alongside dignitaries like Barack Obama, Warren Buffet and Pop Francis.

See the full list below, their monetary worth, ages and business they are into (note: B=billion, M= million):

#1 Aliko Dangote $16.7 B,  58 yearrs, cement, sugar, flour
#2 Nicky Oppenheimer $6.6 B, 70 years,  diamonds
#3 Christoffel Wiese $6.5 B, 74 years, retailing
#4 Johann Rupert $6.3 B, 65 years,  luxury goods
#5 King Mohammed VI $5.7 B, 52 years,  diversified
#6 Nassef Sawiris $4.9 B, 54 years,  construction, chemicals
#7 Mike Adenuga $3.5 B, 62 years,  telcom, oil
#8 Isabel dos Santos $3.4 B, 42 years,  investments
#9 Issad Rebrab $3.2 B, 71 years, food
#10 Naguib Sawiris $3 B, 61 years, telecom

#11 Mohamed Mansour $2.5 B, 67 years, diversified
#12 Othman Benjelloun $2.1 B, 83 years, banking, insurance
#13 Folorunsho Alakija $1.7 B, 64  years, oil
#13 Koos Bekker $1.7 B, 62  years, media, investments
#13 Youssef Mansour $1.7 B, 70 years, diversified
#16 Femi Otedola $1.6 B, 53 years, gas stations
#17 Onsi Sawiris $1.6 B, 85 years, construction, telecom
#18 Aziz Akhannouch $1.4 B, 54 years, petroleum, diversified
#18 Yasseen Mansour $1.4 B, 54 years, diversified
#20 Stephen Saad $1.2 B, 51 years, pharmaceuticals

#21 Mohammed Dewji $1.1 B, 40 years, diversified
#22 Patrice Motsepe $1.1 B, 53 years, mining
#23 Abdulsamad Rabiu $1 B, 55 years, cement, sugar, flour
#24 Jannie Mouton $970 M, 68 years, financial services
#25 Rostam Azizi $900 M, 51 years, telecom, investments
#26 Samih Sawiris $850 M, 58 years, real estate, hotels
#27 Mohamed Bensalah $800 M, 45 years, financial services
#27 Miloud Chaabi $800 M, 86 years, diversified
#27 Sudhir Ruparelia $800 M, 59 years, real estate
#30 Theophilus Danjuma $750 M, 76 years, oil

#31 Tony Elumelu $700 M, 52 years, investments
#31 Bhimji Depar Shah $700 M, – consumer goods
#33 Anas Sefrioui $650 M, 58 years, real estate
#34 Moulay Hafid Elalamy $620 M, 55 years, insurance
#35 Lauritz (Laurie) Dippenaar $610 M, 67 years, banking, insurance
#36 Said Salim Bakhresa $600 M, 66 years, manufacturing
#37 Jim Ovia $550 M, 61 years, banking
#38 Michiel Le Roux $530 M, 66 years, banking
#39 Raymond Ackerman $500 M, 84 years, retailing
#39 Mohammed Indimi $500 M, 67 years, oil

#41 Adrian Gore $480 M, 51 years, financial services
#42 Cyril Ramaphosa $450 M, 63 years, investments
#42 Ali Wakrim $450 M, – gas
#44 Gerrit Thomas (GT) Ferreira $420 M, 67 years, banking, insurance
#45 Gus Attridge $410 M, 54 years, pharmaceuticals
#46 Markus Jooste $400 M, 54 years, furniture retailing
#46 Narendra Raval $400 M, 53 years, steel, cement
#48 Naushad Merali $370 M, 64 years, diversified
#49 Giovanni Ravazzotti $330 M, 72 years, ceramics, tile
#49 Orji Uzor Kalu $330 M, 55 years, diversified

Both Nigerian millionaire, Toni Elumelu and Bhimji Depar Shah from Kenya are ranked 31st with $700 each.

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