Posted 1/23/2024, 2:35:00 PM
Dangote Retains Top Spot as Africa's Richest for 13th Year Despite Nigeria's Economic Struggles
- Aliko Dangote, a 66-year-old Nigerian businessman, is ranked by Forbes as Africa's richest man for the 13th straight year, with a net worth of $13.9 billion
- Dangote made his fortune in cement and sugar production and recently opened a large oil refinery in Lagos, Nigeria
- Dangote retained his #1 ranking despite Nigeria's economic struggles and currency devaluation over the past year
- South Africa's Johann Rupert and Nicky Oppenheimer rank #2 and #3 on the list of Africa's billionaires
- The 20 billionaires on the Forbes list have a combined net worth of $82.4 billion, but building and maintaining fortunes in Africa remains very difficult