Forbes releases 2018 list of Africa's Richest billionaires

Nigeria’s Aliko Dangote retained his position as the richest man in Africa with $10.3 billion. He has held the same spot for 8 years in a row. He, however, lost almost $2bn compared to his last year’s net worth.

Telecommunication’s magnate, Mike Adenuga, was number 2 on the list with a net worth of $9.2 billion. Folorunsho Alakija was one of the billionaires who suffered a drop in their net worth this year. She holds the 19th spot with a net worth of $1.1 billion.

Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, featured on the list for the first time since 2015, with his net worth standing at $1.6 billion.

Here are the richest Africa’s Billionaires:

1.  Aliko Dangote $10.3 B 61 cement, sugar, flour (Nigeria)
2. Mike Adenuga $9.2 B 65 telecom, oil (Nigeria)
3. Nicky Oppenheimer $7.3 B 73 diamonds (South Africa)
4. Nassef Sawiris $6.3 B 57 construction, chemicals (Egypt)
5. Johann Rupert $5.3 B 68 luxury goods (South Africa)
6. Issad Rebrab $3.7 B 75 food (Algeria)
7. Naguib Sawiris $2.9 B 64 telecom (Egypt)
9. Koos Bekker $2.3 B 66 media, investments (South Africa)
10. Isabel dos Santos $2.3 B 45 investments (Angola)
11. Mohamed Mansour $2.3 B 70 diversified (Egypt)

12. Strive Masiyiwa $2.3 B 57 telecom (Zimbabwe)
13. Patrice Motsepe $2.3 B 56 mining (South Africa)
14. Aziz Akhannouch $2.1 B 58 petroleum, diversified (Morocco)
15. Mohammed Dewji $1.9 B 43 diversified (Morocco)
16. Othman Benjelloun $1.7 B 86 banking, insurance (Morocco)
17. Abdulsamad Rabiu $1.6 B 58 cement, sugar (Nigeria)
18. Yasseen Mansour $1.5 B 57 diversified (Egypt)
19. Folorunsho Alakija $1.1 B 68 oil (Nigeria)
20. Michiel Le Roux $1.1 B 69 banking (South Africa)