Nigerian Aliko Dangote has been listed by Forbes journal as Africa's richest man for the thirteenth 12 months in a row regardless of the nation's financial difficulties.

The 20 billionaires on their record are value a mixed $82.4 billion (£64.8 billion).

“The continent stays one of many hardest locations on the earth to construct – and keep – a billion-dollar fortune,” says the enterprise journal.

Its record tracks the wealth of African billionaires who reside in Africa or have their main enterprise there.

Mr. Dangote's fortune has grown by $400 million prior to now 12 months to a web value of $13.9 billion, Forbes mentioned.

The 66-year-old businessman made his fortune in cement and sugar – and final 12 months opened an oil refinery in Nigeria's financial hub of Lagos.

Since I danced He took over the presidency in Could, after disputed elections, the worth of the native forex the naira fell and the removing of a gas subsidy despatched costs skyrocketing.

Forbes mentioned Mr Dangote maintained his high rating regardless of the devaluation of the naira “which has offset Dangote Cement's share value”.

South African luxurious items tycoon Johann Rupert held on at quantity two with one other South African, former diamond miner Nicky Oppenheimer, in third place.

South Africa has one other 4 individuals on the wealthy record, adopted by Egypt with 5, Nigeria with 4 and Morocco with two. Algeria, Tanzania and Zimbabwe every have a billionaire.

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