Bill Gate and Dangote still the richest in the world and africa respectively

Bill Gate has again been named the richest person in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third with a net worth of $75.6 billion and $72.8 billion respectively.

Chief Executive of Dangote Industries Limited, Aliko Dangote took the position of Bill Gates in West Africa, a position which he has been occupying for the past seven years. Dangote moved to the position with a net worth of $12.2 billion, an increase of $100 million a year ago.

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

The second on the list of African richest people is diamond mining heir, Nicky Oppenheimer, of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires.

Boosting the South African ranks this year: newcomer, Michiel Le Roux, the founder and former chairman of Johannesburg-listed Capitec Bank Holdings, whose stock has climbed more than 50 per cent in the past year, making Le Roux a new billionaire worth $1.2 billion. South African mining tycoon, Desmond Sacco, chairman of listed Assore Group, returned to the list following a stock price surge of some 60 percent in the past 12 months.

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