Dangote Still Rules Africa’s 40 Richest List 2012, 11 Other Nigerians Counted In

Business mogul, Aliko Dangote can still hold his head high as the richest man in Africa just as the 2012 list of Africa’s 40 richest people came out with his name topping it.

According to Forbes, most of his net worth lies in publicly traded Dangote Cement which operates in 14 African countries. Nicky Oppenheimer of South Africa comes in once again as the second richest, with a $6.4 billion fortune – down $100 million from the previous year.

The coveted list features 12 Nigerian business moguls including Mike Adenuga, who ranks in the 5th position with a net worth of $4.6 billion from his telecoms and oil companies, Jim Ovia, who ranks in the 19th position with a net worth of $825 Million, Abdulsamad Rabiu, who heads BUA Group and is ranked 21st with a net worth of $675 Million, and Folorunsho Alakija, who is one of two women and ranked 24th with a net worth of $ 600 Million from the oil sector.

Just below Folorunsho Alakija on the list is 73 year old former Nigerian defense minister Theophilus Danjuma with a net worth of $600 Million from the oil sector at the 24th position, next to Theophilus Danjuma is 68 year old former banker and Honey Well group founder, Oba Otudeko with a net worth of $575 Million.

At the 27th position is Mohammed Indimi with a net worth of $550 Million from the oil and gas sector. At 82 years old, O.B. Lulu-Briggs also makes the list on the 31st spot with a net worth of $500 Million from the oil sector. On the 37th position is Sani Bello, former Nigerian military governor from Kano state and a one-time ambassador to Zimbabwe with a net worth of $425 Million.

Standing tall at the end of the list is Hakeem Belo-Osagie, the 57 year old Harvard-trained petroleum economist with an estimated $400 Million net worth from the oil sector.

To read all about Forbes Africa’s 40 Richest and their profiles Click here

1.Aliko Dangote- $12 Billion- 1st on the overall list- Dangote Group/other investments
2.Otunba Michael Adenuga- $4.6 Billion -5th on the list- Globacom & other investments
3.Jim Ovia- $825 Million-19th on the list- ZenithBank, Visafone etc
4.AbdulSamad Rabiu- $675 Million- 21st on the list- BUA Group
5.Folorunsho Alakija- $600 Million- 24th on the list-Famfa Oil
6.Theophilus Danjuma- $600 Million- Joint 24th with Folorunsho Alakija. former defense Minister
7.Obafoluke Otudeko- $575 Million- Honeywell Group & others
8.Mohammed Indimi- $550 Million- Oil investment, Babangida's in law
9.O.B Lulu Briggs- $500 Million- 31st on the list- Moni Pulo investment Limited
10.Sani Bello- $425 Million- 37th on the list, former Governor and Ambassador
11.Hakeem Bello-Osagie-$400 Million- 40th on the list, former UBA Chairman, Etisalat & others.

View the full Forbes Africa’s 40 Richest List
Rank Name Net Worth ($ mil) Age

Aliko Dangote

$12,000 55

Nicky Oppenheimer & family

$6,400 67

Johann Rupert & family

$5,700 62

Nassef Sawiris

$5,500 51

Mike Adenuga

$4,600 59

Christoffel Wiese

$3,700 71

Othman Benjelloun

$2,750 80

Patrice Motsepe

$2,650 50

Naguib Sawiris

$2,500 58

Mohamed Mansour

$2,200 64

Onsi Sawiris

$2,170 82

Miloud Chaabi

$2,100 83

Yasseen Mansour

$2,000 51

Youssef Mansour

$1,950 67

Desmond Sacco

$1,400 70

Anas Sefrioui

$1,350 55

Stephen Saad

$975 48

Sudhir Ruparelia

$900 56

Jim Ovia

$825 58

Shafik Gabr

$720 60

Abdulsamad Rabiu

$675 -

Cyril Ramaphosa

$675 60

Lauritz (Laurie) Dippenaar

$625 64

Folorunsho Alakija

$600 61

Theophilus Danjuma

$600 73

Oba Otudeko

$575 68

Raymond Ackerman

$550 81

Mohammed Indimi

$550 64

Samih Sawiris

$525 55

Said Salim Bakhresa

$520 63

Isabel dos Santos

$500 39

Moulay Hafid Elalamy

$500 52

O.B. Lulu-Briggs

$500 82

Alami Lazraq

$490 62

Gerrit Thomas (GT) Ferreira

$480 64

Koos Bekker

$450 59

Sani Bello

$425 69

Jannie Mouton

$415 65

Naushad Merali

$410 61

Hakeem Belo-Osagie

$400 57