Nigeria’s Aliko Dangote has retained his place as the richest man in Africa.

He remained number one on the newly released Forbes’ list of African billionaires.

He, however, lost almost $2bn compared to his last year’s worth.

The list was released on Wednesday.

Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.

Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list.

The rating magazine reports that Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.

Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is worth an estimated $9.2 billion.

Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.

Below is the list of Africa’s richest Billionaires in chronological order:

  1. Aliko Dangote – $12.2 billion net worth
  2. Nicky Oppenheimer – $7.7 billion net worth
  3. Johann Rupert – $7.2 billion net worth
  4. Nassef Sawiris – $6.8 billion net worth
  5. Mike Adenuga – $5.3 billion net worth
  6. Naguib Sawaris – $4 billion net worth
  7. Issad Regrab – $4 billion net worth
  8. Koos Becker – $2.8 billion net worth
  9. Mohamed Mansour – $2.7 billion net worth
  10. Patrice Motsepe – $2.4 billion net worth
  11. Aziz Akhannouch – $2.2 billion net worth
  12. Yasseen Mansour – $1.9 billion net worth
  13. Strive Masiyiwa – $1.7 billion net worth
  14. Othman Benjelloun – $1.6 billion net worth
  15. Mohammed Dewji – $1.5 billion net worth
  16. Youssef Mansour – $1.4 billion net worth
  17. Stephen Saad – $1.2 billion net worth
  18. Michiel Le Roux – $1.2 billion net worth
  19. Onsi Sawiris – $1.2 billion net worth
  20. Desmond Sacco – $1.1 billion net worth
  21. Christoeffel Wiese – $1.1 billion net worth.

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