Sudhir falls short of Forbes 2016 Africa Billionaires List

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KAMPALA, FEBRUARY 3 – Ugandan millionaire Sudhir Ruparelia, who was in 2015 billed as East Africa […]

Sudhir Ruparelia

Sudhir Ruparelia

KAMPALA, FEBRUARY 3 – Ugandan millionaire Sudhir Ruparelia, who was in 2015 billed as East Africa richest businessman by Forbes Africa might still be a rich man but did not make to the magazine’s billionaire list for 2016.

The list which saw the net worth of Africa’s billionaires shrink by a whopping $19.5 billion stops at 22 billionaires most of them based in Egypt and South Africa. The continent’s billionaires have a net worth of $74.5 billion.

Sudhir who weighed in at $800 million last year had set himself a target of crossing the billion dollar mark but is apparently still in transition.

With 22 African billionaires this year, the number on the list has dropped by seven, compared to 29 the previous year. The list, which is available in the February issue of Forbes Africa, is dominated by Egyptians, who have a combined net worth of $14.1 billion, $2.3 billion shy of Nigerian billionaire, Aliko Dangote’s net worth.

Dangote remains the richest African on the list with his net worth increasing by $700 million from 2015.

Africa’s richest have a combined $74.5 billion, a drop of $19.5 billion from $94 billion in 2015. The wealthiest group are South Africans with a combined net worth of $20.1 billion. From the 54 African countries, only seven are represented in the list and only two women.

Rank      Name   Net Worth $ Origin of Wealth Citizenship   Age
1 Aliko Dangote 16.4bn Cement, Sugar, Flour Nigeria 58
2 Nicky Oppenheimer & family 6.5bn Diamonds South Africa 70
3 King Mohammed VI 5.8bn Diversified Morocco 52
4 Christoffel Wiese 5.7bn Retailing South Africa 74
5 Johann Rupert & family 5.4bn Luxury Goods South Africa 65
6 Nassef Sawiris 4.2bn Construction, Chemicals Egypt 55
7 Isabel dos Santos 3.5bn Investments Angola 42
8 Issad Rebrab & family 3.1bn Food Algeria 71
9 Naguib Sawiris 3bn Telecom Egypt 61
10 Mike Adenuga 2.9bn Telcom, Oil Nigeria 62
11 Mohamed Mansour 2.5bn Diversified Egypt 68
12 Othman Benjelloun 2bn Banking, Insurance Morocco 83
13 Femi Otedola 1.8bn Gas Stations Nigeria 53
14 Youssef Mansour 1.7bn Diversified Egypt 70
15 Folorunsho Alakija 1.6bn Oil Nigeria 65
16 Koos Bekker 1.5bn Media, Investments South Africa 63
17 Yasseen Mansour 1.4bn Diversified Egypt 54
18 Onsi Sawiris 1.3bn Construction, Telecom Egypt 86
19 Aziz Akhannouch & family 1.1bn Petroleum, Diversified Morocco 55
20 Mohammed Dewji 1.1bn Diversified Tanzania 40
21 Stephen Saad 1bn Pharmaceuticals South Africa 51
22 Abdulsamad Rabiu 1bn Cement, Sugar, Flour Nigeria 55

Microsoft’s co-founder Bill Gates retains his position as the world’s wealthiest man with a net worth of $77.4 billion, reflecting a $1.8 billion decline in his fortune from last year. He retains the top spot for the 17th time in the last 22 years. Gates is closely followed by Spaniard Amancio Ortega, who is the brains behind Inditex fashion group, which owns Zara clothing and accessories retail shops

With $48.9 billion, Facebook’s co-founder Mark Zuckerberg has moved up ten spots making him among the ten wealthiest people in the world. Zuckerberg holds the sixth position with his net worth increasing by $15.5 billion from $33.4 billion in 2015.


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