Dangote’s wealth drops by $3.11bn, retains position atop Africa’s rich list

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The founder of the Dangote Group, Aliko Dangote, has retained its position as Africa’s richest man in the Bloomberg Billionaires Index.

The Kano State-born businessman was ranked ahead of South African billionaire, Johann Rupert, Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris in the continent’s richest list released by the United States-based media organization on Friday.

Ripples Nigeria gathered that Dangote is worth $15.6 billion as of Thursday although his wealth has depleted by $3.11 billion in the last six months.

Rupert and his family took second place on Africa’s richest list with a $13.3 billion net worth and a year-to-date increase of $2.51 billion.

READ ALSO:South African billionaire now richest person in Africa after Dangote’s wealth drops by $2.80bn

His fellow countryman, Nicky Oppenheimer, with an estimated net worth of $9.0 billion followed in third place.

Natie Kirsh was ranked fourth with a $7.49 billion net worth after his wealth grew by $38.3 million between January and June.

Egypt’s Nassef Sawiris occupied the fifth position with $7.41 billion. He recorded $389 million growth in his wealth in the first half of the year.

Nassef’s brother, Naguib, took the sixth position following an $835 million year-to-date increase in his wealth, which pushed his net worth to $5.94 billion.

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