Folorunsho Alakija Out As Forbes Releases List Of African Billionaires (See Dangote’s Position)

Forbes, an American business magazine, has released list of African billionaires.

News Rain Nigeria gathered that despite the harsh impact of COVID-19 pandemic on businesses, Forbes, an American business magazine, has listed Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu, as the top three Nigerian businessmen who made more money in 2020.

With a net worth pegged at $12.1 billion, Aliko Dangote may not be getting off the top of Africa’s rich list anytime soon, at least not in 2021.

Folorunsho Alakija Out As Forbes Releases List Of African Billionaires 

The Nigerian business tycoon, according to Forbes Africa’s Billionaires list has emerged top of the 2021 ranking for a record 10-year running. Despite the economic downturn and drag as a result of the Coronavirus pandemic, a 30% increase in the share price of his Dangote Cement meant his wealth climbed by $2 billion and bettered that of last year.

Two other Nigerians made it into the 2021 top 10 list – Mike Adenuga and Abdulsamad Rabiu. While Cement and sugar businessman, Abdulsamad Rabiu, (6) owes his remarkable rise in fortune to his BUA Cement PLC shares which doubled in value in the past year to put his net worth at $5.5 billion, Globacom telecom boss Mike Adenuga (5) net worth sits at $6.3 billion from $5.7 billion in 2020.

Meanwhile, a drop in oil prices led to a consequent drop in the wealth of Nigeria’s Folorunsho Alakija, who owns an oil exploration company, to put her below the $1 billion marks and thus off the list.

Others in the top 10 list are Nassef Sawiris of Egypt (#2 – $8.5 billion), Nicky Oppenheimer of South Africa (#3 – $8 billion), Johann Rupert (#4 – $7.2 billion), Issad Ribrab (#7 – $4.8 billion), Naguib Sawiris (#8 – $3.2 billion), Patrice Motsepe (#9 – $3 billion), Koos Bekker (#10 – $2.8 billion).

Below is the list of the 18 African billionaires with an aggregate worth of $73.8 billion up from last year’s $73.4 billion.

1. Aliko Dangote $12.1 billion
2. Nassef Sawaris $8.5 billion
3. Nicky Oppenheimer $8 billion
4. Johann Rupert $7.2 billion
5. Mike Adenuga $6.3 billion
6. Abdulsamad Rabiu $5.5 billion
7. Issad Rebrab $4.8 billion
8. Naguib Sawiris $3.2 billion
9. Patrice Motsepe $3.2 billion
10. Koos Bekker $2.8 billion
11. Mohamed Mansour $2.5billion
12. Aziz Akhannouch $2billion
13. Mohammed Dewji $1.6 billion
14. Youssef Mansour $1.5 billion
15. Othman Benjelloun $1.3 billion
16. Michiel Le Roux $1.2 billion
17. Strive Masiyiwa $1.2 billion
18. Yasseen Mansour $1.1 billion.