Forbes names Dangote, Adenuga among top 3 richest men in Africa

Business magnates, Aliko Dangote and Mike Adenuga have been named among the top three richest men in Africa by Forbes magazine.

According to Forbes, Dangote topped the list with a net worth of $12.2 billion as at Monday, March 20th 2017; while, Adenuga ranked 3rd with $6.1 billion.
Other highlights from the report showed the total number of billionaires in Africa rose marginally to 25 from 24 last year.

The top 25 richest Africans include billionaires hailing from eight countries including Algeria, Angola, Egypt, Morocco, Nigeria, South Africa, Swaziland and Tanzania.

However, two Nigerian businessmen Femi Otedola and Abdulsamad Rabiu dropped off the list of Africa’s billionaires.

Explaining the reason for their drop, Forbes wrote: “The continent’s wealthiest are facing a number of headwinds, and the plunge in the price of oil and commodities has continued to impact the fortunes of Africa’s richest people.”

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