editor
Nigeria’s Aliko Dangote is Africa’s richest person with a net worth of $13.9 billion, according to the latest Forbes ranking.
The magazine says the top 20 African billionaires have a combined net worth of $82.4 billion, an increase of $900 million compared to one year ago.
“All of that gain can be attributed to the return of Nigeria’s Femi Otedola, who last appeared on the Forbes Africa list in 2017 when he held a controlling stake in fuel distributor Forte Oil,” Forbes says.
According to the magazine, Africa remains one of the world’s “toughest places to build – and hold onto – a billion-dollar fortune,” citing volatile currency exchange rates, political situations, among other factors.
