Breaking News

Without Missing A year - Dangote Becomes Africa Richesr Man For the 7th Time.

For the seventh year in a row , the President and Chief Executive of Dangote Industries Limited , Aliko Dangote , has been adjudged as the richest man in Africa with a net worth that Forbes pegged at $12. 2bn for 2017. That was an increase of $100m from a year earlier .
Bill Gates maintained his position as the richest in the world with a net worth of $86bn, while Warren Buffet and Jeff Bezos were second and third, respectively with net worth of $75. 6bn and $72. 8bn.
“ 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 of this year, ” Forbes stated .
Dangote was recently the only African selected among Bloomberg’ s world 50 best persons in the year 2017.
While the names of notable Nigerians were dropped from the billionaires ’ list , Globacom Chairman , Mike Adenuga , with a net worth of $5. 8bn, was adjudged the fifth richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1. 6bn fortune is in oil exploration , was adjudged as the 15th richest person on the continent.
Number two on the list of Africa ’ s richest people is diamond mining heir , Nicky Oppenheimer of South Africa , with a net worth of $7. 7bn, up $700m from last year . Oppenheimer is one of eight South Africans on the list , making it the country with the most billionaires in Africa . Nigeria has three .
In 2016, South Africa and Egypt tied with six billionaires each . Boosting the South African ranks in the latest ranking is a newcomer , Michiel Le Roux , the founder and former chairman of Johannesburg-listed Capitec Bank Holdings , whose stock has climbed more than 50 per cent in the past year, making him worth $1. 2bn.
South African mining tycoon , Desmond Sacco, chairman of the Assore Group , returns to the list following a stock price surge of some 60 per cent in the past 12 months . Sacco last appeared as a billionaire on the Africa ’ s richest list in 2012 with a $1. 4bn fortune .
Zimbabwe gets its first billionaire in 2017 as telecom magnate, Strive Masiyiwa, who chairs the Econet Group , got on the list. Shares of Zimbabwe -listed mobile phone network Econet Wireless Zimbabwe have surged in value over the past year; Masiyiwa owns more than half of that company. He also has a majority stake in fibre optic firm , Liquid Telecom, which raised $700m in a bond offering in July 2017. Forbes estimates Masiyiwa’ s net worth at $1. 7bn.
Two of the 23 listed African billionaires are women , unchanged from 2016. Isabel dos Santos, the daughter of Angola’ s former President , Jose Santos, is worth an estimated $2. 7bn, down from $3. 2bn in 2016, according to Forbes . Her net worth dropped in part due to a lower value for Banco BCI , as its book value plunged in 2016 amid a tough year for the oil - producing country .

No comments