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Dangote remains richest man in Africa


Business mogul, Aliko Dangote remains the richest man in Africa in the latest list of world wealthiest person released by Forbes. Other Nigerians who also made the list alongside Dangote include owner of telecom giant, Globacom, Mike Adenuga, Folorunsho Alakija, Femi Otedola and Abdulsamad Rabiu. In the list, Microsoft boss, Bill Gates bounced back to the number one spot after his fortune grew by $3.2 billion over the past year. Carlos Slim Helu of Mexico comes in again at No. 2 while revered American investor Warren Buffett took back the No. 3 spot from Spain’s Amancio Ortega (now No. 4); not even the largest IPO in history was enough to beat the Oracle of Omaha this year. Buffett was the list’s biggest gainer, up $14.5 billion to $72.7 billion, thanks to Berkshire Hathaway’s rising share price. Facebook’s Mark Zuckerberg moves up 5 spots to number 16, his first time ranked among the world’s 20 richest. The youngest richest person on the list is 24 year old Evan Spiegel of Snapchat. Silicon Valley tech companies have spawned 23 new billionaires, including cofounders of car-hailing service Uber co founders, Travis Kalanick and Garrett Cam. Silicon Valley alone has 131 individuals with 10-figure net worths, more than any other country besides China and the U.S.

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