Aliko Dangote

*(Via CNN) – Forbes magazine has announced its inaugural list of Africa’s top 40 richest people, highlighting Nigerian magnate Aliko Dangote as the continent’s richest man.

Forbes said its decision to launch the 40 Richest People in Africa is a “testament to the growing global importance of the continent.”

“Fortunes are being created everywhere from South Africa clear north to Morocco and Egypt in a diverse array of industries,” the magazine reported.

Nigeria’s Aliko Dangote made his fortune, estimated at $10.1 billion, at Dangote-Cement Plc, a construction company with a strong presence in Africa.

According to Forbes, the company manages vast amounts of construction resources including a gas power plant, a gas pipeline and a dam with a total storage capacity of 5.1 million cubic meters.

Read/learn MORE at CNN.com.