Mike Adenuga Becomes The Second Richest Man In Africa

Mike Adenuga Becomes The Second Richest Man In Africa

According to Forbes, Nigerian business mogul, Mike Adenuga is the second biggest gainer among the African billionaires, after the number one man Aliko Dangote,

Mike Adenuga is now worth $10 billion, up from $4 billion a year ago.

This year there are 24 African billionaires, down from 28 in 2015.

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.

Checkout the list of the 24 richest people in Africa

…

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

7. Nathan Kirsch, Swazi

Net Worth: $3.7 billion

Source Of Wealth: Retail

8. Isabel dos Santos, Angolan

Net Worth: $3.1 billion

Source Of Wealth: Investments

9. Issad Rebrab, Algerian

Net Worth: $3.1 billion

Source of Wealth: Food

10. Naguib Sawiris, Egyptian

Net Worth: $3 billion

Source Of Wealth: Telecom

11. Mohammed Mansour, Egyptian

Net Worth: $2.5 billion

Source Of Wealth: Diversified

12. Othman Benjelloun, Moroccan

Net Worth: $1.9 billion

Source Of Wealth: Banking, Insurance

13. Mohamed Al Fayed, Egyptian

Net Worth: $1.9 billion

Source Of Wealth: Retailing

14. Femi Otedola, Nigerian

Net Worth: $1.85 billion

Source Of Wealth: Oil

15. Youssef Mansour, Egyptian

Net Worth: $1.73 billion

Source: Diversified

16. Folorunsho Alakija, Nigerian

Net Worth: $1.55 billion

Source Of Wealth: Oil

17. Allan Gray, South African

Net Worth: $1.49 billion

Source Of Wealth: Money Management

18. Koos Bekker, South African

Net Worth: $1.47 billion

Source Of Wealth: Media, Investments

19. 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

-Guardian