In a release by Forbes, where they listed Africa’s richest people 2022, for the 11th year running, Aliko Dangote has remained the continent richest man in Africa with a worth of an estimated 13.9 billion dollars, a step up from 12.1 billion dollars last year.
This has shown a 30 percent increase in the stock price of Dangote Cement which is his most valuable asset, which was driven by the rise in housing developments in Nigeria and growth in government infrastructure.
Moving up the ladder to the second spot from Africa is luxury goods magnate Johann Rupert of South Africa who climbed with more than 60 percent surge in the share price of his company , maker of Cartier watches and Montblanc pens, which pushed his fortune to 11 billion dollars from 7.2 billion dollars in 2021.
Another Nigerian listed on the Forbes List is Abdulsamad Rabiu of BUA Foods and BUA cements, who became 1.5 billion dollars richer after taking his company public.
All in all, the list has 18 billionaires with three from Nigeria, two from Morocco and five from South Africa and Egypt respectively.
All of the continents billionaires are men as the last woman to appear in the ranks , Isabel Dos Santos of Angola, fell off the Forbes list in January.
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