Dangote remains Africa’s richest person on Forbes 2020 list of world billionaires but wealth drops

Dangote remains Africa’s richest person on Forbes 2020 list of world billionaires but wealth drops

Business tycoon, Aliko Dangote has retained his position as Africa’s richest man on the 2020 Forbes list of world billionaires.

The list was released today, Tuesday April 7, 2020.

However, the wealthy industrialist has seen his considerable fortune drop by nearly $2.6bn compared to 2019. Dangote currently sits at 162 on the list of 2,095 billionaires in 2020 with a net worth of $8.3bn. In 2019, Dangote’s fortune was estimated at $10.9bn by Forbes.

Nevertheless, he remains the richest black person in the world.

Dangote is closely followed by South African businessman and philanthropist, Nicholas F. Oppenheimer. Equally important, Oppenheimer oversees a family fortune estimated at $7.4bn. He occupies the 196th position on the global list of billionaires released by Forbes.

Next in line is another Nigerian.

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Telecoms and oil mogul, Mike Adenuga, is the third richest African on the 2020 list behind Dangote and Oppenheimer; with his net worth pegged at $5.6bn.

However, Adenuga also lost $3.5bn from his 2019 fortune of $9.1bn. He occupies the 286thposition on the global list.

Egyptian construction and engineering magnate, Nassef Sawiris is fourth. Nassef is the youngest of Onsi Sawiris’ three sons. His brothers are Naguib and Samih. As of April 2019, his net worth was estimated to be $7.5 billion. However, he has recorded a dip of $2.5bn, with Forbes pegging his fortune in 2020 at $5bn. Nassef sits at number 330 on the global list.

The top five list of richest Africans is completed by South African, John Rupert; eldest son of business tycoon Anton Rupert and his wife Huberte. He is the chairman of the Swiss-based luxury-goods company, Richemont and the South Africa-based company, Remgro. As at April 2019, he, together with his family, was estimated to be worth $5.9bn. However, that fortune has dropped to $4.6bn in Forbes’ estimation. He sits at 375 on the 2020 global list of billionaires.

Meanwhile, Amazon founder, Jeff Bezos, retains the enviable title of the world’s richest person for the third year in a row. He is followed by Microsoft supremo, Bill Gates and French luxury goods tycoon, Bernard Arnault; in second and third place respectively.

American investor, Warren Buffett is fourth, with the top five completed by Lawrence Joseph Ellison, business magnate, co-founder and executive chairman of Oracle Corporation.

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Gideon Ayogu

Epicurean. Wordsmith... Gideon.Ayogu@1stnews.com

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