Nigeria’s Aliko Dangote has retained his place as the richest man in Africa.
Dangote remain number one on the newly released Forbes’ list of African billionaires.
He however, lost almost $2bn compared to his last year’s worth.
The list was released on Wednesday.
Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.
Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list.
The rating magazine report that, Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.
However, Mike Adenuga, the owner of Globacom, emerged Africa’s second richest man. He is worth an estimated $9.2 billion.
Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.
See top 20:
1 Aliko Dangote $10.3b cement, sugar, flour￼
2 Mike Adenuga$9.2b telecom,
3 Nicky Oppenheimer $7.3b diamonds￼
4 Nassef Sawiris $6.3b construction, chemicals￼
5 Johann Rupert $5.3b luxury goods￼
6 Issad Rebrab $3.7b food￼
7 Naguib Sawiris $2.9b 64 telecom￼
8 Koos Bekker $2.3b media, investments
￼8 Isabel dos Santos $2.3b investments￼
8 Mohamed Mansour $2.3b diversified
￼8 Strive Masiyiwa $2.3b telecom￼
8 Patrice Motsepe $2.3 mining￼
13 Aziz Akhannouch $2.1b petroleum, diversified￼
14Mohammed Dewji $1.9b diversified￼
15 Othman Benjelloun $1.7b banking, insurance￼
16 Abdulsamad Rabiu $1.6b cement, sugar￼
17 Yasseen Mansour $1.5b diversified￼
18 Youssef Mansour $1.2b diversified￼
19Folorunsho Alakija$1.1 B68oil￼#19Michiel Le Roux