And with his aggressive expansion and diversification moves across the continent, Dangote is likely to retain the top spot for quite some time.
What is most curious about Dangote’s wealth is how he made it.
Nigeria, one of Africa’s top oil producers, is a country where crude oil is often the top source of wealth for many billionaires. However, Aliko Dangote started and continues to build vast fortunes in very unlikely areas; rice, frozen fish, sugar, salt, cement, flour etc.
Watch this inspiring billionaire as he reveals his journey from the early days, and how he really feels about oil.