Forbes has released the full list of the Richest Men in Africa 2019. Aliko Dangote still remains the number 1. He, however, lost almost $2bn compared to his last year’s worth. The list was released on Wednesday.
Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.
Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list. The rating magazine reports that Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.
Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is worth an estimated $9.2 billion.
Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.
See Full List Below

#1 Aliko Dangote $10.3 B; Age – 61; Source of Wealth: cement, sugar, flour
#2 Mike Adenuga $9.2 B; Age – 65. telecom, oil
#3 Nicky Oppenheimer $7.3 B; Age – 73. diamonds
#4 Nassef Sawiris $6.3 B; Age – 57. construction, chemicals
#5 Johann Rupert $5.3 B; Age – 68. luxury goods
#6 Issad Rebrab $3.7 B; Age – 75. food
#7 Naguib Sawiris $2.9 B; Age – 64. telecom
#8 Koos Bekker $2.3 B; Age – 66. media, investments
#8 Isabel dos Santos $2.3 B; Age – 45. investments
#8 Mohamed Mansour $2.3 B; Age – 70. diversified
#8 Strive Masiyiwa $2.3 B; Age – 57. telecom
#8 Patrice Motsepe $2.3 B; Age – 56. mining
#13 Aziz Akhannouch $2.1 B; Age – 58. petroleum, diversified
#14 Mohammed Dewji $1.9 B; Age – 43. diversified
#15 Othman Benjelloun $1.7 B; Age – 86. banking, insurance
#16 Abdulsamad Rabiu $1.6 B; Age – 58. cement, sugar
#17 Yasseen Mansour $1.5 B; Age – 57. diversified
#18 Youssef Mansour $1.2 B; Age – 73. diversified
#19 Folorunsho Alakija $1.1 B; Age – 68. oil
#19 Michiel Le Roux $1.1 B; Age – 69. banking