Despite a crash in global commodity prices that led to a loss of about $5billion of his total networth between 2014 and this year, Nigerian foremost industrialist and President of Dangote Group, Mr. Aliko Dangote retained his preeminent position as the richest African according to the latest edition of Forbes Magazine released this week.
Mr. Dangote is retaining his number one spot for the fifth year in a row, with $16.7 billion net worth after losing nearly $5 billion from about $19billion in 2014, due largely to a huge drop in the stock price in his Cement and other commodities businesses coupled with a weakened Nigerian currency.