richest people in Africa: Forbes is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features original articles on finance, industry, investing, and marketing topics.

In its latest list, some notable African businessmen and women known to have always made it have fallen due to diverse factors including a fall in oil prices, the covid-19 pandemic, stock market instability among others.

However, “for the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1 billion, up by $2 billion from last year’s list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset,” Forbes said.

Equally mind-blowing is the fact that there is no African woman in the list.



“The only two women billionaires from Africa have both fallen off the list. Forbes calculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices.

“And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering.

“The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (who died in October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billion. Forbes has marked Dos Santos’ frozen assets at zero. Through a spokesperson, Dos Santos declined to comment

See the Forbes’ list of richest African people below: