richest man in africa

Who is the Richest man in Africa 2020?

Spread the love

In line with Forbes list of Africa‘s billionaires, Aliko Dangote of Nigeria tops as the richest man in Africa for the 9th time in a row with a net worth of $10 billion.

Aliko Dangote is a Nigerian businessman and philanthropist and he is among the 100 richest people in the world.

He is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955.

Dangote Group, Aliko‘s group of companies is one of the most valuable conglomerate in West Africa.The  Group includes the Dangote Sugar Refinery, Dangote Cement, Dangote salt and Dangote Flour.

You may also like : Richest Country In East Africa 2020

Aliko Dangote is the chairman of Dangote cement ,Africa‘s largest cement company. He owns nearly 85% of the company.

Dangote group also has major investments in real estate, banking, transport, textiles, oil, and gas.

Aliko Dangote is currently building which will be one the largest oil refineries in the world once completed. The oil refinery has the capacity to produce 650,000 barrels per day (bpd) and will help reduce Nigeria’s dependence on imported petroleum.

In March 2020, Aliko Dangote donated 200 million Naira to the Nigerian government to halt the spread of Coronavirus in Nigeria.

Dangote was previously married, and has three daughters and one adopted son.

See also : USA Vs China: Which Is The Biggest Economy In The World 2020

Top 10 richest people in Africa

RankNameNet worthAge
#1Aliko Dangote$10.1 B63cement, sugar, flour
#2Nassef Sawiris$8 B59construction, chemicals
#3Mike Adenuga$7.7 B67telecom, oil
#3Nicky Oppenheimer$7.7 B75diamonds
#5Johann Rupert$6.5 B70luxury goods
#6Issad Rebrab$4.4 B76food
#7Mohamed Mansour$3.3 B72diversified
#8Abdulsamad Rabiu$3.1 B59cement, sugar
#9Naguib Sawiris$3 B66telecom
#10Patrice Motsepe$2.6 B58mining

Dangote once said and I quote “I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time.”

Read also: Biggest Economies In Africa 2020

Final thoughts on the richest man in Africa

Lets finish this post by looking at one of the best Aliko Dangote‘s quotes of all time, “To build a successful business you must start small but dream big. In the Journey of entrepreneurship, tenacity of purpose is supreme”. Aliko Dangote is truly a game-changer, and has helped transform and re-shape the world.

5 1 vote
Article Rating

Spread the love
Notify of
Inline Feedbacks
View all comments