Meet Africa's 50 Richest 2016

Africa's current richest man, Aliko Dangote

The 2016 Africa's Richlist is officially out according to forbes. Africa has come a long way as one of the most endowed continent in terms of natural resources,from crude oil,gold,diamond,copper, bauxite,rubber...only to name a few.


The continent has maintained steady growth for several years but the fall in the price of some of these commodities especially crude oil has taken a toll on its economy


Most of the African Billionaires control majority of one or a combination of these natural resources, meaning that the fall in their prices have a direct effect to their net worth.

As a group, the continent’s wealthiest 50 are worth $95.6 billion, a decline of $15 billion from a year ago.  Aliko Dangote of Nigeria retains his spot as number one richest African for the fifth year in a row, but his $16.7 billion net worth is nearly $5 billion lower than a year ago, a result of a drop in the stock price at his Dangote Cement and a weaker Nigerian currency.

See the full list according to forbes;

	Rank	Name	Net Worth	Age	Origin of Wealth
	#1	Aliko Dangote	$16.7 B	58	cement, sugar, flour
	#2	Nicky Oppenheimer	$6.6 B	70	diamonds
	#3	Christoffel Wiese	$6.5 B	74	retailing
	#4	Johann Rupert	$6.3 B	65	luxury goods
	#5	King Mohammed VI	$5.7 B	52	diversified
	#6	Nassef Sawiris	$4.9 B	55	construction, chemicals
	#7	Mike Adenuga	$3.5 B	62	telcom, oil
	#8	Isabel dos Santos	$3.4 B	42	investments
	#9	Issad Rebrab	$3.2 B	72	food
	#10	Naguib Sawiris	$3 B	61	telecom
	#11	Mohamed Mansour	$2.5 B	68	diversified
	#12	Othman Benjelloun	$2.05 B	83	banking, insurance
	#13	Folorunsho Alakija	$1.7 B	65	oil
	#13	Koos Bekker	$1.7 B	63	media, investments
	#13	Youssef Mansour	$1.7 B	70	diversified
	#16	Femi Otedola	$1.6 B	53	gas stations
	#17	Onsi Sawiris	$1.55 B	86	construction, telecom
	#18	Aziz Akhannouch	$1.4 B	55	petroleum, diversified
	#18	Yasseen Mansour	$1.4 B	54	diversified
	#20	Stephen Saad	$1.2 B	51	pharmaceuticals
	#21	Mohammed Dewji	$1.1 B	40	diversified
	#22	Patrice Motsepe	$1.05 B	54	mining
	#23	Abdulsamad Rabiu	$1 B	55	cement, sugar, flour
	#24	Jannie Mouton	$970 M	69	financial services
	#25	Rostam Azizi	$900 M	51	telecom, investments
	#26	Samih Sawiris	$850 M	59	real estate, hotels
	#27	Mohamed Bensalah	$800 M	45	financial services
	#27	Miloud Chaabi	$800 M	87	diversified
	#27	Sudhir Ruparelia	$800 M	60	real estate
	#30	Theophilus Danjuma	$750 M	77	oil
	#31	Tony Elumelu	$700 M	52	investments
	#31	Bhimji Depar Shah	$700 M	-	consumer goods
	#33	Anas Sefrioui	$650 M	58	real estate
	#34	Moulay Hafid Elalamy	$620 M	56	insurance
	#35	Lauritz (Laurie) Dippenaar	$610 M	67	banking, insurance
	#36	Said Salim Bakhresa	$600 M	67	manufacturing
	#37	Jim Ovia	$550 M	62	banking
	#38	Michiel Le Roux	$530 M	66	banking
	#39	Raymond Ackerman	$500 M	84	retailing
	#39	Mohammed Indimi	$500 M	67	oil
	#41	Adrian Gore	$480 M	51	financial services
	#42	Cyril Ramaphosa	$450 M	63	investments
	#42	Ali Wakrim	$450 M	-	gas
	#44	Gerrit Thomas (GT) Ferreira	$420 M	67	banking, insurance
	#45	Gus Attridge	$410 M	55	pharmaceuticals
	#46	Markus Jooste	$400 M	55	furniture retailing
	#46	Narendra Raval	$400 M	54	steel, cement
	#48	Naushad Merali	$370 M	65	diversified
	#49	Giovanni Ravazzotti	$330 M	73	ceramics, tile
	#49	Orji Uzor Kalu	$330 M	56	diversified