Africans Miss In Forbes List of Top 100 Super Rich Individuals On Earth

There is no African Individual who has featured in the top 100 list for World’s Super rich according to the latest super rich list by Forbes Magazine.

Jeff Bezos (Amazon) maintained the top spot for the third time in three years with a net worth of $113 billion, followed by Bill Gates (Microsoft) at $98 billion.

Bernard Arnault of LVMH moves up on this year’s ranking and debuts in the top three, as the third-wealthiest person in the world, after Warren Buffett’s fortune fell by $15 billion. Buffett (No. 4) is valued at $67.5 billion, down from $82.5 from last year.

Larry Ellison, founder, chairman and Chief Technology Officer of Oracle Corporation closes the list of top five, with his fortune down $3.5 billion this year, to $59 billion.

Read: List Of Businesses, Assets Owned By Moi Family

Forbes noted that there are 2,095 billionaires on the 2020 ranking, down from 2,153 in 2019. The total combined net worth of this year’s billionaires is $8 trillion, down from $8.7 trillion in 2020. 267 people dropped off this year’s list and a record 1,062 individuals have seen a drop in their fortunes, both reflective of the turbulent markets and the coronavirus pandemic.

In Africa, Nigeria’s Aliko Dangote is the richest, with an estimated net worth of $10.1 billion (Sh1 trillion) followed by Egypt’s Nassef Sawiris ($8 billion), Nigeria’s oil tycoon, Mike Adenuga ($7.7 billion) and South Africa’s Nick Oppenheimer ($7.7 billion).

Tanzania’s Mohammed Dewji was ranked 16th in Africa, with fortunes estimated at $1.6 billion.

Kenya has no Dollar Billionair, according to the list.

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