Aliko Dangote, a Nigerian business tycoon, has once again maintained his top spot as Africa’s richest man, as reported by Forbes. ayokinews.com reports
Forbes is an American business magazine, is renown for keeping track of the world’s richest billionaires and successful individuals.
“For the 11th year in a row, Alike Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset,” the magazine said in a web post announcing its 2022 list of Africa’s richest people published on Monday.
Johann Rupert, the South African luxury goods entrepreneur, came in second to Dangote.
Abdulsamad Rabiu (5th) and Mike Adenuga (6th) are two additional Nigerians on the list (6th).
Nigeria Is Best Market For Investments in 2022- Minister, Isa Pantami
Mr. Rabiu had one of the greatest fortune gains from the previous year’s list, according to Forbes.
“Nigerian cement tycoon Abdulsamad Rabiu, who is $1.5 billion richer after taking yet another of his companies public,” the post said.
“In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange. He and his son retained a 96% stake in the company, which recently had a market capitalization of nearly $2.8 billion. (Forbes discounts the values of stakes when the public float is less than 5%.) BUA Cement, in which he and his son have a 96% stake, listed in January 2020.”
Meanwhile, there were no women on the list released by Forbes.
Source (Credit): https://www.forbes.com/africa-billionaires/list/
