Dangote retains position as Africa’s richest person as Otedola moves up in ranking (See list)

Nigeria’s industrialist and Chairman of Dangote Industries Limited, Chief Aliko Dangote has kept his place as Africa’s richest man, latest data by American business magazine, Forbes has shown.

This is even as the Chairman of Geregu Power, Femi Otedola makes a return to the list, for the first time since 2017. He is ranked in the 20th position with a fortune of $1.1bn.

In a publication on Monday, Forbes said Aliko Dangote retained the top spot as Africa’s richest with a fortune of $13.9bn.