NIGERIA, Africa — Nigerian (Africa) billionaire, Alhaji Aliko Dangote, has been named the 100th richest person according Forbes Magazine in their latest release of its annual list of the world’s top wealthiest people for 2018.
Dagnote, Africa’s richest person has a fortune estimated at $14.1 billion. Aliko Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns nearly 88% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.
He was joined on the list by two other Nigerian billionaires, Mike Adenuga who has a networth estimated at $5.3 billion. Folorunsho Alakija, a self-made businesswoman in the oil sector has a networth estimated at $1.7 billion.
Angola’s Isabel dos Santos, who has stakes in telecommunications , oil and gas and also banking – maintained her place as the continent’s richest woman with a net worth of $2.6 billion.
She is daughter to former Angolan president Jose Eduardo dos Santos. Other Africans on the list are Zimbabwean telecoms tycoon Strive Masiwiya ($1.39 billion) and South African mining magnate Patrice Motsepe ($2.5billion.)