The number of African billionaires falls to 20

Nigerian Aiko Dangote remains the richest man in Africa. As said by Forbes, the entrepreneur is at the top of the continent’s list of billionaires, which reduced from 23 to 20 this year. Isabel dos Santos from Angola continues to be in the top 10 and she is accompanied by another woman, Folorunsho Alakija – from Nigeria.

Among the 20 billionaires, South Africa and Egypt have five each and are followed by Nigeria with four, and Morocco with two. Angola, Algeria, Tanzania and Zimbabwe have one each.

Together, the fortune of the billionaires sums up to 68.7 billion dollars. The previous number was 75 billion.

Isabel dos Santos, from Angola, is the only woman in the Forbes´ top 10

Isabel dos Santos from Angola is the only woman in the top 10. According to Forbes, the reason for the decline of the billionaires is the devaluation of some stocks and currencies in the continent. Thus, only 4 of those on the list did not have a reduction of their fortune compared to the previous year. Aliko Dangote built his fortune with his cement company, Dangote Cement, and investments in other areas. He is followed by Mike Adenuga – also Nigerian, an investor in telecommunications and oil fields. The third richest is South African Nicky Oppenheimer, who built his fortune in diamond trade.

Among the women, Angolan Isabel dos Santos is in eighth place and has investments in Portugal and Unites – Angola’s telecommunications company and one of those responsible for the submarine cable linking Luanda and Fortaleza. Nigerian Folorunsho Alakija from Famfa Oil, has business with Brazil’s Petrobas in the African continent.

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