Aliko Dangote, president of Dangote, has been named Africa’s richest person — with a net worth of $13.9 billion – up from $12.1 billion last year.Forbes, an American business magazine, said this in its latest report on Africa’s 2022 billionaires released on Monday.
Forbes said that the continent’s 18 billionaires were worth an estimated $84.9 billion ––a 15% increase from 2021. The worth is the highest value since 2014 — when 28 billionaires were worth a combined $96.5 billion.
Strive Masiyiwa , Zimbabwe’s richest man is now 2.7 billion dollars richer and is now 18th richerst person in Africa.
Only two of the 18 billionaires are worth less than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion as the share prices of consumer Internet firms Naspers and Prosus fell more than 20% each, and Mohammed Dewji of Tanzania, whose fortune declined to an estimated $1.5 billion from $1.6 billion a year ago due to lower multiples for publicly traded competitors.
The 18 billionaires from Africa, none of whom are new to the ranks, hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. All of the continent’s billionaires are men; the last woman to appear in the ranks, Isabel dos Santos of Angola, fell off the Forbes list in January 2021.