{"id":61825,"date":"2020-02-13T09:50:56","date_gmt":"2020-02-13T01:50:56","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=61825"},"modified":"2020-02-13T09:50:58","modified_gmt":"2020-02-13T01:50:58","slug":"for-ninth-year-dangote-named-africas-wealthiest-person","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=61825","title":{"rendered":"For ninth year, Dangote named Africa\u2019s wealthiest person"},"content":{"rendered":"\n
\"Aliko<\/a><\/figure><\/div>\n\n\n\n

Aliko Dangote<\/em><\/strong><\/p>\n\n\n\n

NEW YORK, Feb 13 (NNN-AGENCIES) — The Chairman of Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year.

However, the latest ranking of the world\u2019s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year.

The American media company attributed this to the slightly lower stock price for Dangote Cement.<\/p>\n\n\n\n

Nassef Sawiris of Egypt, who has stakes in a shoemaking company, Adidas, and a fertilizer company, OCI N.V, merged as the new number two richest man on Forbes list with assets valued at $8bn. <\/p>\n\n\n\n

In 2019, Forbes said Sawiris and a United States investor, Wes Edens, purchased the remaining stake they didn\u2019t own in the United Kingdom Premier League team, Aston Villa Football Club.

Meanwhile, Nigeria\u2019s Mike Adenuga with investments in the mobile phone network, Globacom, Conoil and real estate, was named as number three in Africa on the Forbes billionaire list and was valued at $7.7bn.

Adenuga shared the third position with a South African, Nicky Oppenheimer.

The report stated that only eight countries have billionaires with South Africa and Egypt dominating not only the top 10 richest people in Africa list, but in the rankings overall with five billionaires each.

Nigeria comes second with four billionaires, including Africa\u2019s richest man, Aliko Dangote.

Nigeria\u2019s Abdulsamad Rabiu, with 98.5 per cent stakes in BUA Cement Plc, is in number eight position among the top 20 African billionaires.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed first, Cement Company of Northern Nigeria, which he controlled. <\/p>\n\n\n\n

According to Forbes, the second woman on the top 20 billionaire\u2019s list is the eldest daughter of Angola\u2019s former president, Isabel dos Santos, whose fortune declined to an estimated $2.2bn, by $100m from a year ago. <\/p>\n\n\n\n

The Forbes report stated that the fortune of Strive Masiyiwa of Zimbabwe dropped by $1.2bn to $1.1bn in 2019, and ranked the 19th richest man, due to the introduction of a new (weaker) currency in the country, affecting his stakes in Econet Wireless, Zimbabwe and Cassava Smartech in dollar terms.

Closing the 20 top African billionaire list is the Vice Chair of Nigeria\u2019s Famfa Oil Folorunso Alakija, with a net worth of $1bn.

The report said altogether, Africa\u2019s billionaires are richer than a year ago as the continent\u2019s 20 billionaires are worth a combined $73.4bn, up from $68.7bn a year ago.

Explaining the methodology used in the ranking, Forbes Africa said \u201cOur list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there\u2026 We calculated net worth using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020.\u201d

It said country rankings were unchanged from a year ago. — NNN-AGENCIES
<\/p>\n","protected":false},"excerpt":{"rendered":"

Aliko Dangote NEW YORK, Feb 13 (NNN-AGENCIES) — The Chairman of Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year. However, the latest ranking of the world\u2019s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year. The American […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[213],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/61825"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61825"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/61825\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61825"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}