The 20 African billionaire are worth $68.7 billion unlike last year when the total worth was $75.4 billion.

In the 2020 list, South Africa and Egypt are tied with five billionaires each, Morocco has two, while Zimbabwe and Tanzania have one billionaire each.

The forbes’ Africa Billionaire list 2020 shows once again that Aliko Dangote, the founder and CEO of Dangote Groups remains African richest person for the ninth consecutive time.

Top 20 Forbes' Africa Billionaire: Dangote Remains Richest Man in Africa

The Nigerian-born businessman maintained the top spot on the list with a net worth of $10.1 billion. Dangote got his wealth from cement, oil and gas, flour and sugar. He is as well number 136 on Forbes’ ‘world’s richest’ list.

He outshines Egyptian billionaire, Nassef Sawiris, who took second place with a networth value of $8 billion.

Mike Adenuga, Nigeria’s second richest man tied for third place with South Africa’s Nicky Oppenheimer with a networth value of $7.7 billion.

Adenuga earned his fortune on banking, oil production and telecom.

Nassef Sawiris is the biggest winner of the year, taking up his position as the second richest man in Africa for the first time. He is worth $ 8 billion, up from $ 6.3 billion last year.

Nigeria’s richest woman, Folorunsho Alakija, took the last position on the list with a net worth of $ 1 billion.

See the full list below:

1- Aliko Dangote $10.1 billion

2- Nassef Sawiris $8 billion

3- Mike Adenuga $7.7 billion

4- Nicky Oppenheimer $7.7 billion

5- Johann Rupert $6.5 billion

6- Issad Rebrab $4.4 billion

7- Mohamed Mansour $3.3 billion

8- Abdulsamad Rabiu $3.1 billion

9- Naguib Sawiris $3 billion

10- Patrice Motsepe $2.6 billion

11- Koos Bekker – $2.5 billion

12- Yasseen Mansour – $2.3 billion

13- Isabel dos Santos – $2.2 billion

14- Youssef Mansour – $1.9 billion

15- Aziz Akhannouch – $1.7 billion

16- Mohammed Dewji – $1.6 billion

17- Othman Benjelloun – $1.4 billion

18- Michiel Le Roux – $1.3 billion

19- Strive Masiyiwa – $1.1 billion

20- Folorunsho Alakija – $1 billion

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