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The Top 5 Richest Africans over
the Next Decade
Africa's Wealthy Elite
Aliko
Dangote - Nigeria
Dangote's wealth is currently pegged at around $10.1 billion,
most of which was generated through investments in sugar, flour, and cement.
The 54-year-old father of three is currently the continent's richest man,
according toForbes magazine.
His claim to fame as the 'Cement King' of Africa is inspired by his dominance of the cement trade in a number of Africa countries. Dangote currently owns cement plants in Zambia, Senegal, Tanzania, and South Africa, and has also received approval to build two more plants in Cameroon and the Ivory Coast.
His claim to fame as the 'Cement King' of Africa is inspired by his dominance of the cement trade in a number of Africa countries. Dangote currently owns cement plants in Zambia, Senegal, Tanzania, and South Africa, and has also received approval to build two more plants in Cameroon and the Ivory Coast.
Two years ago, Dangote Cement was listed on the Nigerian Stock
Exchange, and that has since helped swell his fortunes further.
So how does the Dangote story go? There are tales of how he
started off with a loan from his uncle, and from there went on to spearhead the
growth of the Dangote Group.
Dangote is a committed philanthropist who continues to invest
heavily in many social issues, including providing healthcare and access to
quality education.
Dangote has demonstrated beyond measure that his wealth won't
fade away - at least not in the next decade.

Mike Adenuga -
Nigeria
Adenuga's wealth is estimated to be around $4.3 billion - but
this figure has been debated by his aides. Adenuga amassed his substantial
fortune through business interests in telecommunications, banking, and oil.
The 58-year-old is appreciated across the African continent for
turning Globacom, his telecommunications holding company, into a global giant.
Today, Globacom operates in four African countries, and is rated as one of the
fastest growing multi-national carriers in the world.
Outwardly a calm and reserved individual, Adenuga is said to
have had made his breakthrough in business by selling traditional clothes made
of Nigerian lace. He is also said to have benefited under the regime of former
Nigerian leader Ibrahim Babangida, who awarded Adenuga contracts to execute
huge infrastructural projects.

Patrice
Motsepe - South Africa
The 49-year-old Motsepe is worth an estimated $2.5 billion. He
is said to be South Africa's first and only black billionaire. His wealth is
largely derived from mining.
Motsepe trained as a lawyer, but later went into mining, buying
unprofitable mine shafts and turning them into revenue-generating ventures.
Having benefited from South Africa's Black Economic Empowerment
(BEE) laws to secure mining licenses, Motsepe saw his stock rise substantially
over time.
Last year, he was rated the 10th richest man on the continent,
out of a list of 40 put together by Forbes.

Theophilus Danjuma -
Nigeria
Danjuma is thought to be worth about $600 million, largely
derived from his holding in South Atlantic Petroleum (SAPETRO). Danjuma is one
of the continent's richest men and with the rising price of oil, his fortunes
increase every day.
Danjuma, the former Defense Minister of Nigeria, was ranked as
the 21st richest man in Africa, according toForbes.
His charity trust, the TY Danjuma Foundation, continues to offer hope to
thousands of households.
Currently, he advises the Nigerian government on official, state
and government matters.

Cyril Ramaphosa -
South Africa
Ramaphosa is a former National Union of Mineworkers activist,
and is now thought to be worth in the region of $275 million, generated through
a wide range of investments.
The 59-year-old owns the Shanduka Group, an investment holding
company that has stakes in mining, banking, real estate, insurance, and
telecoms, among others.
Ramaphosa is well-liked across the continent for his business
acumen, which has and continues to be a template for many other business
start-ups.
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