Audio By Carbonatix
A Nigerian construction mogul has topped a list of Africa's richest people.
Aliko Dangote, with a stake in Dangote Cement and interests in flour milling and sugar refining, has a fortune of $10.1bn (£6.4bn).
Forbes magazine's inaugural list of the 40 richest people in Africa put South Africa's Nicky Oppenheimer at number two with $6.5bn.
The total wealth of the list is $64.9bn.
By comparison, the wealthiest 40 people in Taiwan are worth $92.7bn.
The average age of those on the African list - which contains no women - is 61.
Mr Dangote and Mr Oppenheimer, of diamond miners De Beers, are two of 16 billionaires on the list.
De Beers recently agreed a $5.1bn deal to sell the Oppenheimer family's 40% stake to Anglo American.
Egypt has the most billionaires, with seven coming from two families, the Sawiris and Mansours, according to Forbes.
Forbes said it had reached the values using stock prices for publicly-traded companies and estimates of revenues or profits for the many privately-held businesses.
The magazine ignored dispersed family fortunes, such as the Chandaria family of Kenya.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
ADB lauds gov’t’s agricultural initiatives, commits to providing needed support
1 minute -
US Embassy hosts World Cup draw watch party, fans upbeat about Ghana’s chances
3 minutes -
If Sammy Darko were in Police Service, he wouldn’t even be a Superintendent – Martin Kpebu
18 minutes -
Minister rejects claims of political bias as NDC Regional chair is named North East Best Farmer
27 minutes -
Notorious Ashaiman robber arrested in joint police operation
33 minutes -
OSP says probe into SML predates Manasseh Azure Awini’s petition
1 hour -
OSP is acting lawlessly; it had zero jurisdiction to arrest Martin Kpebu – Kofi Bentil
1 hour -
The evolution of smokeless alternatives to smoking
1 hour -
Mahama commissions National Signals Bureau Regional Command in Ho
1 hour -
Helping adult smokers make better choices through harm reduction
1 hour -
Domestic Violence Secretariat trains market executives as paralegals in Bono Region
2 hours -
CPA slams PURC over 2026 tariff hikes, calls increase “unrealistic” and unfair to consumers
2 hours -
Martin Kpebu was unhappy with move to demand Adom-Otchere’s landed property – Lawyer
2 hours -
US jails Nigerian fraud mastermind for 20 years over nationwide bank scam
2 hours -
US jails Nigerian fraud mastermind for 20 years over nationwide bank scam
2 hours
