Africa’s richest man, Aliko Dangote maintained his position on the newly released Forbes’ list of African billionaires, even as he lost almost $2bn compared to his worth last year.
The Forbes list, which was released on Wednesday revealed that there were fewer and poorer billionaires on the African continent in 2019.
Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago, primarily due to a roughly 20 per cent drop in the stock price of Dangote Cement, his most valuable asset.
Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year. She is currently number 19 on the 20-man list.