President of Dangote Group, Aliko Dangote, has been named the wealthiest person in Africa for the ninth year in a row with an estimated net worth of $10.1billion.
According to Forbes’ latest ranking with focus on business, investment, technology, entrepreneurship and leadership, Dangote’s present worth is down from his estimate of $10.3 billion a year ago; largely due to a slightly lower stock price for his flagship company, Dangote Cement.
South Africa and Egypt dominate not only the top 10 richest people in Africa list, but in the rankings overall with five billionaires each.
Nigeria comes second with four billionaires, including Dangote.
