Forbes 40 Richest Africans 2012 (Aliko Dangote tops the list, 2 women made it)

Richest Africans Nigerian cement magnate Aliko Dangote, 55, remains Africa’s richest man, according to Africa’s 40 Richest ranking by Forbes. He retains his place at the head of the table, and even increased his net worth to $12 billion from only $10 billion last year.

Three of the newcomers hail from Nigeria while two tycoons are from South Africa, including Koos Bekker, a CEO who earns no salary or bonus.

For the first time, two women have been ranked in Forbes annual list of Africa’s 40 richest individuals.

Nigeria’s Folorunsho Alakija of Nigeria, who holds a significant stake in the copious Agbami oil field, and Isabel dos Santos, the entrepreneur daughter of Angola’s long-serving President, took their seats on the continent’s high table, which was this year worth an estimated $72.9 billion.

Koos Bekker has turned South African media company Naspers into a global media powerhouse, with investments in China’s instant messaging giant Tencent Holdings and Russia’s Internet player As the CEO, Bekker has overseen a rise in the market capitalization of Naspers from about $600 million in 1997 to a recent $25 billion – all the while drawing no salary, bonus, or benefits. His $450 million net worth lies mostly in the value of vested options in Naspers.

Sani Bello of Nigeria has a fortune estimated at $425 million built on oil and telecom. His AMNI Petroleum has stakes in offshore Nigerian oilfields. He also owns a slice of MTN Nigeria, an arm of South Africa based mobile phone network MTN Group.

Naushad Merali is the only Kenyan on this year’s list. His Sameer Group operates in construction, agriculture, information technology, telecom and finance. Three of the group’s units are listed on the Nairobi Stock Exchange. Forbes estimates his net worth at $410 million.

Rank Name Net Worth ($mil) Age
1. Aliko Dangote $12, 000 55
2. Nicky Oppenheimer & family $6, 400 67
3. Johann Repert & family $5, 700 62
4. Nassef Sawiris $5, 500 51
5. Mike Adenuga $4, 600 59
6. Christoffel Wiese $3, 700 71
7. Othman Benjelloun $2, 750 80
8. Patrice Motsepe $2,650 50
9. Naguib Sawiris $2, 500 58
10. Mohammed Mansour $2, 200 64



For details on the methodology FORBES used to compile the list see here. For the full list, see here.

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