dangote tops 2019 forbes african billionaires list despite 2bn loss adenuga rises - Dangote tops 2019 Forbes African billionaires list despite $2bn loss, Adenuga rises

Dangote tops 2019 Forbes African billionaires list despite $2bn loss, Adenuga rises

Nigeria ��s Aliko Dangote preserved his position as Africa’s richest man within the Forbes list of African billionaires free by Forbes on Wednesday. Four folks fell off the annual list because the range of billionaires on the continent contracted to only twenty, down from twenty three a year agone whereas one came back to the ranks when a four-year absence. well-nigh four members of the list have smaller fortunes than a year agone. For the eighth year during a row, Dangote is Africa’s richest person. His calculable $10.3 billion internet value, however, is sort of $2 billion but a year agone, primarily thanks to a roughly twentieth come by the stock value of Dangote Cement, his Most worthy quality. African country conjointly occupies the second slot with microphone Adenuga, value associate calculable $9.2 billion. Adenuga owns Globacom, that is Nigeria’s third-largest transportable network, and oil exploration firm Conoil manufacturing, in depth assets holdings in African country and a network of twelve,000 telephone towers. His internet value has climbed dramatically from $5.3 billion in Jan 2018 as a results of a lot of elaborated info provided by him concerning his assets. Nigerian cement mogul Abdulsamad Rabiu, UN agency runs and owns the BUA cluster, returns to the list for the primary time since 2015. He integrated his Kalambaina Cement firm into publically listed Cement Company of Northern African country, that he controlled, in late 2018. Rabiu currently owns ninety seven of the list entity. Kalambaina, that operates a replacement cement production facility, started mercantilism cement in mid-2018. Separately, Rabiu’s OBU Cement recently swollen its operations, adding a replacement mechanical system. Nigeria’s Folorunsho Alakija is one in every of the 2 girls on the list, Isabel dos Santos, the female offspring of Angola’s former president, Jose Eduardo dos Santos, is Africa’s richest lady at range eight, whereas Alakija holds joint nineteenth position with South Africa’s banking mogul, Michiel autoimmune disease intermixture. Alakija owns a stake in one in every of the foremost productive oil fields in African country, presently operated by Chevron. Her internet value born due a decline within the price of the oil field, partly as a result of its production has levelled off. Altogether the twenty African tycoons are value $68.7 billion, down from $75.4 billion for the 2018 list. However, the typical internet value for every list member this year has climbed to $3.4 billion from $3.3 billion in early 2018. The Forbes continentn have list tracks the wealth of African billionaires UN agency reside in Africa or have their primary businesses there, therefore excluding Sudanese-born have Mo patriarch, who is a U.K. citizen, and have London resident Mohamed Al-Fayed, associate Egyptian national. it’s calculated in greenbacks. Forbes twenty19 prime 20 African billionaires #1           Aliko Dangote    $10.3 B sixty one           cement, sugar, flour #2 microphone Adenuga  $9.2 B sixty five telecommunication, oil #3           Nicky nuclear physicist       $7.3 B seventy three           diamonds #4           Nassef Sawiris   $6.3 B fifty seven           construction, chemicals #5           Johann Rupert  $5.3 B sixty eight           luxury merchandise #6           Issad Rebrab      $3.7 B seven5           food #7           Naguib Sawiris   $2.9 B sixty four telecommunication #8           Koos Bekker       $2.3 B sixty six           media, investments #8           Isabel dos Santos             $2.3 B forty five           investments #8           Mohamed Mansour       $2.3 B seventy varied #8 try Masiyiwa $2.3 B fifty seven telecommunication #8           Patrice Motsepe              $2.3 B fifty six           mining #13         Aziz Akhannouch             $2.1 B fifty eight rock oil, varied #14 Muhammad Dewji          $1.9 B forty three varied #15         Othman Benjelloun        $1.7 B eighty six           banking, insurance #16         Abdulsamad Rabiu          $1.6 B fifty eight           cement, sugar #17         Yasseen Mansour            $1.5 B five7 varied #18         Youssef Mansour             $1.2 B seventy three varied #19         Folorunsho Alakija           $1.1 B sixty eight           oil #19         Michiel autoimmune disease intermixture $1.1 B sixty nine           banking

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