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Market Digest Nigeria

Business

Dangote, Adenuga make list as Forbes releases richest persons in Africa

Aliko Dangote has retained his position as the richest person in Africa with a net worth of $12.5b.

In the latest ranking by Forbes magazine, the Nigerian businessman, who is the founder and Chairman of Dangote Cement, the continent’s largest cement producer kept the position he has occupied for nine years now.

He owns 85% of publicly-traded Dangote Cement which produces 45.6 million metric tons annually and has operations in 10 countries across Africa.

The Billionaire businessman also owns stakes in publicly-traded salt and sugar manufacturing companies.

He began the construction of his refinery, known as Dangote Refinery, in 2016 and is expected to be one of the world’s largest oil refineries once complete.

Here’s top 18 richest persons in Africa according to Forbes 2021 ranking:

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