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Nigeria’s Aliko Dangote has been listed by Forbes magazine as Africa’s richest man for the 13th year in a row despite the country’s economic difficulties.<\/p>\n
The 20 billionaires on its list are worth a combined $82.4bn (\u00a364.8bn).<\/p>\n
“The continent remains one of the world’s toughest places to build – and hold on to – a billion-dollar fortune,” the business magazine says.<\/p>\n
Its list tracks the wealth of African billionaires who reside in Africa or have their primary business there.<\/p>\n
Mr Dangote’s fortune rose by $400m over the last year to a net worth of $13.9bn, Forbes said<\/a>.<\/p>\n The 66-year-old businessman made his fortune in cement and sugar – and last year opened an oil refinery in Nigeria’s economic hub of Lagos<\/a>.<\/p>\n Since Bola Tinubu<\/a><\/span><\/span> took over as president in May, following disputed elections, the value of the local currency the naira has plummeted and the removal of a fuel subsidy<\/a> has sent prices sky-rocketing.<\/p>\n Forbes said Mr Dangote retained his top ranking despite the naira’s devaluation “that offset the rising share price of Dangote Cement”.<\/p>\n South African luxury goods magnate Johann Rupert held on to the number two spot with another South African, former diamond miner Nicky Oppenheimer, in the third spot.<\/p>\n South Africa has another four people on the rich list, followed by Egypt with five, Nigeria with four and Morocco with two. Algeria, Tanzania and Zimbabwe each have one billionaire.<\/p>\n <\/div>\nMore BBC stories from Nigeria:<\/h3>\n