Aliko Dangote of Nigeria tops the list for the third year in a row, with a fortune of $20.8 billion – $8.8 billion more than in November 2012, making him the biggest gainer in dollar terms. About 90% of his net worth lies in his shares of publicly traded Dangote Cement , which has operations in a host of African countries and plans to expand.
Nine newcomers join the list of Richest Africans, including Issad Rebrab of Algeria–the first Algerian in the ranks and the country’s first billionaire. Rebrab’s private Cevital Group, which had $3.5 billion in revenues last year, produces sugar, oil, and margarine. His success is unusual in a country with socialist policies that have typically been difficult for entrepreneurs. Three newcomers also join from Tanzania, two from Nigeria and one each from Kenya, Morocco and South Africa.
Who are the 11 new billionaires on the list? Four…
View original post 410 more words