Africa Giant: Dangote still Africa's Wealthiest Person for 9th Consecutive Year
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Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1billion, for the ninth year in a row.
Dangote's present worth is down from his estimate of $10.3 billion, a year ago; attributed to possibly a slightly lower stock price for his Dangote Cement flagship company. This was reported by the latest ranking of the world's billionaires by Forbes, the American global media company, focusing on business, investment, technology, entrepreneurship and leadership.
Africa has 54 nations, with only eight countries reaching the billionaire status. Amongst which is South Africa and Egypt dominating not only the top 10 richest people in Africa list but in the rankings overall with five billionaires each. Nigeria comes second with four billionaires, including Africa's richest man, Aliko Dangote.
Nassef Sawiris of Egypt is a new entry into the list at number 2, worth $8 billion, up from $6.3 billion last year. Sawiris' most valuable asset is a stake in shoemaker Adidas worth a recent $4 billion. The increase in Adidas' share price alone added nearly $1.5 billion to his fortune since January 2019. He also owns a significant stake in fertilizer producer OCI N.V. In 2019, Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn't own in the U.K. Premier League team Aston Villa Football Club.
Number three on the list is Nigeria's Mike Adenuga, worth $7.7 billion. He owns the mobile phone network, GloMobile as well as oil producer Conoil and extensive real estate holdings. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with 43 million subscribers while his oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta.
What is the recipe for Dangote's success?
Forbes Africa journalist Peace Hyde says she first interviewed Aliko Dangote in Nigeria about three years ago for the popular Forbes Africa show, 'My Worst Day with Peace Hyde', airing on CNBC Africa, and has since had the privilege of meeting and speaking with him several times at both official and private functions.
On Dangote’s personality and business trait,
"Dangote is someone who is extremely focused and driven with a bullish passion for Africa. For him, the goal is to dream as big and as grandiose as you can when it comes to the future of Africa because he believes, we have the human capital and resources to transform our continent. Everything is possible in his mind. His approach to business is a testament to this fact." Peace said.
Source: All Africa.com