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For the Seventh Time, Nigeria’s Aliko Dangote is Africa’s Richest Man While Angola’s Isabel dos Santos Remains Africa’s Richest Woman

South African Nicky Oppenheimer Comes Second

Nigeria's Aliko Dangote and Angola's Isabel dos Santos Photo Source: Yologh
Nigeria’s Aliko Dangote and Angola’s Isabel dos Santos
Photo Source: Yologh

Talk about people who recession hardly affect. Aliko Dangote has just topped the chart of Forbes released 2018 list of Africa’s richest people for the seventh consecutive time and no one is even surprised. People have become so used to the news. Lol

Dangote is the founder of Dangote Cement, a cement factory that produces 44 million metric tons annually; he also owns stakes in publicly traded flour, salt and sugar manufacturing companies; and he has invested in a fertilizer production company and a large oil refinery. 2 years ago, Dangote had a net worth of about $12.2 billion (N4.3 trillion naira) and between that time and last year he has increased his net worth with extra $100 million.

Isabel dos Santos, the daughter of Angola’s former president, Jose Eduardo dos Santo tops the chart as the richest woman in Africa but at the ninth position in the list. Her net worth is estimated $2.7 billion this year with her wealth dropping from $3.2 billion as was recorded last year.

Photo Source: Isabel dos Santos

Second on the list is South African Nicky Oppenheimer, a diamond-mining heir, with a net worth of $7.7 billion, increasing his wealth up to $700 million from last year.

South African Nicky Oppenheimer
Photo Source: The Rhodes Trust/YouTube

It looks like Africa’s billionaires have already shaken off from the effects of the recession and are getting wealthier capitalised on the recovering stock market and increased commodity prices. The billionaire count in Africa went up from 21, last year, to 23, and their combined worth is $75.4 billion this year, up from $70 billion last year.

Other people on the list include Mike Adenuga in fifth place with $5.3 billion, Folorunsho Alakija in 15th place with $1.6 billion. There were eight South Africans on the list of 23 people; making South Africa the country with the most number of billionaires in Africa. All members in the list hail from a total of 8 countries: 8 from South Africa, 6 from Egypt, 3 from Nigeria, 2 from Morocco and one member each from Algeria, Angola, Tanzania and Zimbabwe. Isabel dos Santos and Folorunsho Alakija are the only women in the list, same as last year — so, at least you can now understand when we say include women in the workforce to work and earn like men. The recent inclusion of women in the workforce is still too small.


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