There are 24 African billionaires this year, down from 28 in 2015. And according to Forbes, Nigerian businessman Mike Adenuga is the biggest gainer among the African billionaires. He is now worth $10 billion, up from $4 billion a year ago.

The significant jump in Adenuga’s fortune according to Forbes is attributable to new information on the value of his telecom, oil and real estate holdings. Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent. See the top 23

1. Aliko Dangote, Nigerian
Net Worth: $14.4 billion
Source Of Wealth: Cement, flour, sugar, salt

2. Mike Adenuga, Nigerian

Net Worth: $10 billion
Source Of Wealth: Telecom, Oil, Real Estate

3. Nicky Oppenheimer, South African

Net Worth: $6.6 billion

Source Of Wealth: Diamonds

4. Christoffel Wiese, South African

Net Worth: $6.2 billion
Source Of Wealth: Retailing

5. Johann Rupert, South African

Net Worth: $5.3 billion
Source Of Wealth: Luxury Goods

6. Nassef Sawiris, Egyptian
Net Worth: $4.1 billion
Source Of Wealth: Construction, Chemicals
Nathan Kirsch, Swazi

Net Worth: $3.7 billion
Source Of Wealth: Retail

7. Isabel dos Santos, Angolan

Net Worth: $3.1 billion
Source Of Wealth: Investments

8. Issad Rebrab, Algerian

Net Worth: $3.1 billion
Source of Wealth: Food

9. Naguib Sawiris, Egyptian

Net Worth: $3 billion
Source Of Wealth: Telecom

10. Mohammed Mansour, Egyptian

Net Worth: $2.5 billion
Source Of Wealth: Diversified

11. Othman Benjelloun, Moroccan

Net Worth: $1.9 billion
Source Of Wealth: Banking, Insurance

12. Mohamed Al Fayed, Egyptian

Net Worth: $1.9 billion
Source Of Wealth: Retailing

13 Femi Otedola, NigerianNet Worth: $1.85 billion

14 Youssef Mansour, Egyptian

Net Worth: $1.73 billion
Source: Diversified

15. Folorunsho Alakija, Nigerian

Net Worth: $1.55 billion
Source Of Wealth: Oil

16 Allan Gray, South African

Net Worth: $1.49 billion
Source Of Wealth: Money Management

17 Koos Bekker, South African

Net Worth: $1.47 billion
Source Of Wealth: Media, Investments

18. Yasseen Mansour, Egyptian

Net Worth: $1.39 billion
Source Of Wealth: Diversified

20. Aziz Akhannouch, Moroccan
Net Worth: $1.25 billion
Source Of Wealth: Petroleum, Diversified

21. Patrice Motsepe, South African

Net Worth: $1.15 billion
Source Of Wealth: Mining

22. Abdulsamad Rabiu, Nigerian

Net Worth: $1.1 billion
Source Of Wealth: Diversified

23. Onsi Sawiris, Egyptian

Net Worth: $1.09 billion
Source Of Wealth: Construction, Telecom

24. Mohammed Dewji, Tanzanian
Net Worth: $1.09 billion
Source Of Wealth: Diversified

http://www.lindaikejisblog.com/2016/03/mike-adenuga-is-now-second-richest-man.html#more
lalasticlala

Congratulations sir, may u live long and enjoy ur wealth, nd when u are there, wait for me cos am coming with full speed

Looking at the source of wealth, Dangote's own is the funniest. #lesson: Don't look down on anybody's dreams or ideas.

Dangote is losing money, I remember vividly 2 years ago, his networth according to Forbes was 25 billion. Not my business sha

Pumpkin34:

Looking at the source of wealth, Dangote's own is the funniest.
#lesson: Don't look down on anybody's dreams or ideas.

Not that its funny, he was just smart. All he had to do was look at the basic everyday need of Nigerians and boom! he made it happen. If you yourself set up a factory and start processing garri, who knows what you might become tomorrow

UrennaNkoli:

Not that its funny, he was just smart. All he had to do was look at the basic everyday need of Nigerians and boom! he made it happen. If you yourself set up a factory and start processing garri, who knows what you might become tomorrow

lol... That's so true my dear, I'll put that into consideration.

lofty900:
Dangote is losing money, I remember vividly 2 years ago, his networth according to Forbes was 25 billion. Not my business sha

tough times, low economic growth, depreciation of currency, its a slippery slope from here.

Gosh. I can't find my name on the list. There must be mistake somewhere.

UrennaNkoli:

http://www.lindaikejisblog.com/2016/03/mike-adenuga-is-now-second-richest-man.html#more
lalasticlala

Very soon, I'll be number one.

Pumpkin34:

Looking at the source of wealth, Dangote's own is the funniest.
#lesson: Don't look down on anybody's dreams or ideas.

More funny is that, Nestle Nig plc is also making almost 80% of her revenue from "Maggi" and not even Milo or the other products.

MrCounselor:


More funny is that, Nestle Nig plc is also making almost 80% of her revenue from "Maggi" and not even Milo or the other products.

Wow!!!!! I never knew.