Dangote tops Africa’s 40 richest list

Posted by admin Headlines Wednesday, November 16th, 2011

Thursday, November 17, 2011

Dangote
Photo: Sun News Publishing

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Nigeria’s business mogul, Alhaji Aliko Dangote topped the list of 40 wealthiest African released yesterday by Forbes magazine.
Dangote of Nigeria, with a $10.1 billion fortune led the pack in the inaugural Forbes list, which featured at least seven other Nigerian wealthy men.

Behind Dangote in the number two position is South African diamond magnate, Nicky Oppenheimer, with a $6.5 billion fortune.
Dangote and Oppenheimer are two of 16 billionaires among Africa’s 40 richest. The list showed Egypt as having the largest number of billionaires in Africa, with 7 (primarily from two families—the Sawiris and Mansours).

South Africa, the African country with the biggest gross domestic product (an estimated $357 billion in 2010), is second with 4 ten-figure fortunes but it has bragging rights as home to the most list members—15. Egypt comes in second with 9 list members while Nigeria has 8.

The list featured no woman. All 40 richest are men with an average of 61.
Nigeria’s Mike Adenuga, whose fortune comes from his telecom company, Globacom and his oil firm, Conoil is fifth on the list with a $4.3 billion fortune.

The founder of Zenith bank International Plc, Jim Ovia is 17th on the list with a $775 million fortune. He is followed by former defence minister, Theophilus Danjuma with $600 million fortune as number 21st.
Other Nigerians rich men on the list are: Chairman of Honeywell Group, Oba Otudeko who is 24th with $550 million. Otudeko is followed as number 28th by Hakeem Belo-Osagie with $450million.

Chairman of BUA Group, Abdulsamad Rabiu and Maiduguri-based Chairman of Oriental Energy Resources, Mohammed Indimi came 29th and 30th with $400 million and $330 million fortunes respectively

-Sun.wp_posts