Complete List Of Forbes' Africa's Billionaires As Dangote Make Cut

12 January, 2019, 15:28 | Author: Regina Silva
  • Dangote

Forbes list of African Billionaires reveals that Globacom Group Chairman, Mike Adenuga Jnr is shy of $800 million from Dangote Group President, Aliko Dangote whose wealth plunged to $10 million from $12 million.

For eight years running, Africa's richest man, Aliko Dangote, maintained his position on Forbes' new list of African billionaires, but lost almost $2 billion compared to his net worth last year.

Dangote, chairman of the Aliko Dangote Foundation, was also ranked by Forbes as the 66th most powerful person on earth, ahead of Mike Pence, US Vice-President in May 2018.

On the home front, the wealthiest man in South Africa is Nicky Oppenheimer with a net worth of $7.7 billion in 2018 down to $7.3 billion.

According to Forbes, Adenuga's net worth remarkably shot up from $5.3 billion to $9.2 billion because he provided more detailed information about his assets.

Overall, the 20 African business tycoons are worth $68.7 billion, down from $75.4 billion a year ago.

What to know about Tim Tebow's finacee, Demi-Leigh Nel-Peters
The couple's inner circle then had dinner at a Jacksonville club, while family and friends made speeches and toasts. Tebow shared a photo of himself getting down on one knee to ask Nel-Peters the big question.


Concussion continues to cause a headache in rugby union
There had not been enough time to properly judge if the lower tackle height trial had reduced concussions in the Championship Cup. The report, which has been published annually since 2002, suggests that more needs to be done to reduce instances of concussion.


Nick Jonas and Priyanka Chopra kick off tropical honeymoon in the Caribbean
Nick's parents and Priyanka's mother also joined them on the trip that saw the group skiing, hiking and ringing in the new year . While the newly wedded couple is enjoying their happy time in beaches, social media is smitten by their vacation photos.


Folorunsho Alakija is the fourth richest Nigerian and the second woman in this year's African billionaires club.

His assets include the BUA Group, who runs and owns, and his Kalambaina Cement firm which has been merged with the publicly traded Cement Company of Northern Nigeria.

This may also have contributed to four people falling off the annual list."Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago", the statement read. "All but four members on the list have smaller fortunes than a year ago". He now owns 97 per cent of the entity.

As per ranking per country, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four, Morocco with two and Algeria, Angola, Tanzania and Zimbabwe with one billionaire each. But his OBU Cement, which operates independently, recently expanded its operations, with a new production line. Her net worth dropped due a decline in the value of the oil field, in part because its production has leveled off.

Forbes explained that: "Altogether the 20 African tycoons are worth $68.7 billion, down from $75.4 billion for last year's list". However, the average net worth for each individual on the list rose by $3.4 billion from $3.3 early 2018.

Recommended:



Popular

Not so fast: Gary Kubiak reportedly won't run Broncos' offense after all
Mike Munchak won't serve as the Broncos head coach in 2019 - but the team isn't done trying to pull him out of Pittsburgh. Rapoport believes Kubiak will remain with the Broncos; he's been a senior personnel advisor for the last two years.

Netflix Sued Over "Bandersnatch" By "Choose Your Own Adventure" Creator
Netflix's Black Mirror: Bandersnatch has resulted in a massive lawsuit being brought against the streaming service. The controversy seems to primarily stem from the dark nature of Black Mirror's subject matter.

Paris: Several injured in explosion near bakery
Police have quickly ruled out any terror link or link to the ongoing yellow vest protests planned for the city later on Saturday. A loud explosion has been reported in central Paris , police have said, with pictures showing severe damage to a building.

Eddie Murphy back for Coming to America sequel
We're nervous and skeptical about this one, but mostly we're just hyped. Murphy is producing with Kevin Misher and Barris is exec producer.

Cleveland Browns: Mike Priefer added as special teams coordinator
Priefer will replace Amos Jones, who is not coming back to the Browns after one season as special teams coordinator. According to WCCO's Mike Max, Priefer will be heading to the Cleveland Browns as special teams coach.

Jeff Bezos Reportedly Sexted, Sent 'D*ckpics' to His Mistress Behind Wife's Back
As Bezos and Mackenzie pursue their divorce, it may turn out to be the most expensive in history. In a statement, the couple said: "We want to make people aware of a development in our lives.

Elon Musk shows off prototype of Mars-bound rocket, Starship
Two years ago, Musk in a tweet claimed that BFR, also known as Starship, "will take you anywhere on Earth in less than 60 minutes".

Russell Martin traded to Dodgers, back to where it began
Arash Madani is reporting that the Toronto Blue Jays are trading Russell Martin to the Los Angeles Dodgers . Who says you can't go home again? The trade sends Martin back to the team that drafted him in 2002.

Jurgen Klopp insists Liverpool do not have advantage after cup exits
Usually centre-halves you don't have to change too often because they could play pretty much a whole season. The Brazil global played in the role in the FA Cup defeat at Wolverhampton Wanderers on Monday.

Michael Owen states his prediction for Tottenham v Man United
I think the boys enjoyed it, we put a few principles down and I know they worked hard and I think they enjoy working hard as well.