Forbes on Tuesday released the list of Africa richest persons for the year 2018.
These men have distinguishes themselves in various sector of the economy.
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For the seventh year in a row, Nigerian cement and commodities tycoon Aliko Dangote has topped the charts of the richest men in Africa.
Forbes pegs his net worth at $12.2 billion.
His most valuable asset is cement with others as sugar and flour.
The 61-year-old is however diversifying into investing in fertilizer production and oil refinery.
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Second on the chart is a South African who majors in diamond mining, Nicky Oppenheimer.
With a net worth of $7.7 billion, Oppenheimer is one of the eight South Africans on the list, making it the African country with the most billionaires.
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Johann Rupert is chairman of Swiss luxury goods firm best known for the brands, Cartier and Montblanc.
His net worth is $7.2 billion, and hails from South Africa.
He is the chancellor of the University of Stellenbosch and owns two of the best South African vineyards.
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With a net worth of $6.8 billion, Nassef Sawiris is Egypt’s richest man and fourth richest man in Africa.
He had an increase from $5.3 billion a year ago thanks to upticks in the share price of several of his holdings: shoemaker Adidas, cement giant LaFargeHolcim, and fertilizer maker OCI.
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Mike Adenuga stands as the fifth richest man in Africa and the second in Nigeria.
He made his fortune from mobile telecommunication and oil production.
His net worth is $5.3 billion.
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Issad Rebrab is an Algerian entrepreneur with a net worth of $4 billion making him the sixth richest person in Africa.
According to Forbes, his privately owned conglomerate which made him Algeria’s first billionaire produces sugar, margarine and vegetable oil.
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Naguib Sawiris is known as one of Egypt’s telecom moguls who have a 20,000 employees company that manage 11 GSM operators around the globe.
He has a net worth of $4 billion.
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Koos Bekker is a South African media tycoon who chairs the leading merging markets media group, Naspers operating in 130 countries.
His net worth of $2.8 billion makes him the eight richest man in Africa.
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Mohamed Monsur’s net worth of $2.7 billion makes him the ninth richest man in Africa.
His company’s operation span internationally across major industrial sectors like, automotive, capital market, consumer and retail industrial equipment and services.
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Patrice Motsepe is South Africa’s first and only black richest man with a net worth of $2.4 billion.
With his company’s- Africa Rainbow Minerals interest in platinum, nickel, chrome, iron, manganese, copper, coal and gold, he is regarded as a mining magnate.
Culled from Forbes