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.
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