Forbes magazine has released the 2018 list of the richest man in africa, with Nigerian business magnate Alhaji Aliko Dangote retaining the number one spot for the 7th year in a row with $12.2 billion dollars.

The rating magazine reports that Folorunsho Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.

Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is worth an estimated $9.2 billion.

peep the full list below.

  1. Aliko Dangote – $12.2 billion net worth
  2. Nicky Oppenheimer – $7.7 billion net worth
  3. Johann Rupert – $7.2 billion net worth

4. Nassef Sawiris – $6.8 billion net worth

5. Mike Adenuga – $5.3 billion net worth

6. Naguib Sawaris – $4 billion net worth

7. Issad Regrab – $4 billion net worth

8. Koos Becker – $2.8 billion net worth

9. Mohamed Mansour – $2.7 billion net worth

10. Patrice Motsepe – $2.4 billion net worth

11. Aziz Akhannouch – $2.2 billion net worth

12. Yasseen Mansour – $1.9 billion net worth

13. Strive Masiyiwa – $1.7 billion net worth

14. Othman Benjelloun – $1.6 billion net worth

15. Mohammed Dewji – $1.5 billion net worth

16. Youssef Mansour – $1.4 billion net worth

17. Stephen Saad – $1.2 billion net worth

18. Michiel Le Roux – $1.2 billion net worth

19. Onsi Sawiris – $1.2 billion net worth

20. Desmond Sacco – $1.1 billion net worth