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The list has revealed that there were fewer and poorer billionaires on the African continent in 2019.

Nigeria’s Aliko Dangote retained his place as the richest man in Africa on the newly released Forbes’ list of African billionaires.

He, however, lost almost $2bn compared to his last year’s worth. 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. Forbes report that, Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields. It is claimed that the decline can be partly blamed on the fact that the oil field’s production had levelled off.

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. 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.

Here are the richest Africa’s Billionaires 2019

1. Aliko Dangote – $12.2 billion net worth

2. Nicky Oppenheimer – $7.7 billion net worth

3. Johann Rupert – $7.2 billion net worth

4. Nassef Sawiris – $6.8 billion net worth

5. Mike Adenuga – $5.3 billion net worth

6. Naguib Sawaris – $4 billion net worth

7. Issad Regrab – $4 billion net worth

8. Koos Becker – $2.8 billion net worth

9. Mohamed Mansour – $2.7 billion net worth

10. Patrice Motsepe – $2.4 billion net worth

11. Aziz Akhannouch – $2.2 billion net worth

12. Yasseen Mansour – $1.9 billion net worth

13. Strive Masiyiwa – $1.7 billion net worth

14. Othman Benjelloun – $1.6 billion net worth

15. Mohammed Dewji – $1.5 billion net worth

16. Youssef Mansour – $1.4 billion net worth

17. Stephen Saad – $1.2 billion net worth

18. Michiel Le Roux – $1.2 billion net worth

19. Onsi Sawiris – $1.2 billion net worth

20. Desmond Sacco – $1.1 billion net worth

21. Christoeffel Wiese – $1.1 billion net worth

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