Mike Adenuga is now the second richest man in Africa after Dangote

There are 24 African billionaires this year, down from 28 in 2015. And according to Forbes, Nigerian businessman Mike Adenuga is the biggest gainer among the African billionaires. He is now worth $10 billion, up from $4 billion a year ago.

The significant jump in Adenuga’s fortune according to Forbes is attributable to new information on the value of his telecom, oil and real estate holdings. Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent. See the top 23 richest people in Africa after the cut.


    Aliko Dangote, Nigerian
    Net Worth: $14.4 billion
    Source Of Wealth: Cement, flour, sugar, salt
    Mike Adenuga, Nigerian

Net Worth: $10 billion
Source Of Wealth: Telecom, Oil, Real Estate

    Nicky Oppenheimer, South African

Net Worth: $6.6 billion

Source Of Wealth: Diamonds

    Christoffel Wiese, South African

Net Worth: $6.2 billion
Source Of Wealth: Retailing

    Johann Rupert, South African

Net Worth: $5.3 billion
Source Of Wealth: Luxury Goods

    Nassef Sawiris, Egyptian
    Net Worth: $4.1 billion
    Source Of Wealth: Construction, Chemicals
    Nathan Kirsch, Swazi

Net Worth: $3.7 billion
Source Of Wealth: Retail

    Isabel dos Santos, Angolan

Net Worth: $3.1 billion
Source Of Wealth: Investments

    Issad Rebrab, Algerian

Net Worth: $3.1 billion
Source of Wealth: Food

    Naguib Sawiris, Egyptian

Net Worth: $3 billion
Source Of Wealth: Telecom

    Mohammed Mansour, Egyptian

Net Worth: $2.5 billion
Source Of Wealth: Diversified

    Othman Benjelloun, Moroccan

Net Worth: $1.9 billion
Source Of Wealth: Banking, Insurance

    Mohamed Al Fayed, Egyptian

Net Worth: $1.9 billion
Source Of Wealth: Retailing

    Femi Otedola, NigerianNet Worth: $1.85 billion
    Youssef Mansour, Egyptian

Net Worth: $1.73 billion
Source: Diversified

    Folorunsho Alakija, Nigerian

Net Worth: $1.55 billion
Source Of Wealth: Oil

    Allan Gray, South African

Net Worth: $1.49 billion
Source Of Wealth: Money Management

    Koos Bekker, South African

Net Worth: $1.47 billion
Source Of Wealth: Media, Investments

    Yasseen Mansour, Egyptian

Net Worth: $1.39 billion
Source Of Wealth: Diversified
20. Aziz Akhannouch, Moroccan
Net Worth: $1.25 billion
Source Of Wealth: Petroleum, Diversified

    Patrice Motsepe, South African

Net Worth: $1.15 billion
Source Of Wealth: Mining

    Abdulsamad Rabiu, Nigerian

Net Worth: $1.1 billion
Source Of Wealth: Diversified

    Onsi Sawiris, Egyptian

Net Worth: $1.09 billion
Source Of Wealth: Construction, Telecom
24. Mohammed Dewji, Tanzanian
Net Worth: $1.09 billion
Source Of Wealth: Diversified