The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has once again retained his spot as the richest man in Africa.

With a net worth that Forbes pegged at $12.2 billion for 2017, Dangote was announced the richest man for the seventh time in a row.

Bill Gates maintained his position as the richest in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third, respectively with net worth of $75.6 billion and $72.8 billion.

“Dangote is looking beyond cement – his most valuable asset – and has been investing in a fertiliser production company and a large oil refinery. Dangote Fertiliser is expected to start operations in the second quarter of this year,” Forbes stated.

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Dangote was recently the only African selected among Bloomberg’s world 50 best persons in the year 2017.

While the names of notable Nigerians were dropped from the billionaires’ list, Globacom Chairman, Mike Adenuga, with a net worth of $5.8bn, was adjudged the fifth richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6bn fortune is in oil exploration, was adjudged as the 15th richest person on the continent.

Number two on the list of Africa’s richest people is diamond mining heir, Nicky Oppenheimer of South Africa, with a net worth of $7.7bn, up $700m from last year. Oppenheimer is one of eight South Africans on the list, making it the country with the most billionaires in Africa. Nigeria has three.

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