Ghanaian names were missing again in the latest Forbes Rich-list in Africa.
Nigeria had as many as twelve on the list with Aliko Dangote topping the list for the second consecutive year.
Aliko Dangote, owner of the Dangote Group topped the list with a net worth of $ 12 billion, an increase from his net worth of $10.1 billion in November 2011.
Other Nigerian businessmen including telecoms and oil magnate, Mike Adenuga, made the list.
Adenuga was ranked in the 5th position with a net worth of $4.6 billion from his companies; former Zenith Bank’s boss, Jim Ovia, was ranked in the 19th position with a net worth of $825 million while Abdulsamad Rabiu, who heads BUA Group ranked 21st with a net worth of $675 million.
According to Forbes, most of his net worth lies in Dangote Cement PLC, a company which operates in 14 African countries.
Egypt has eight people on the rich-list with five of them from Morocco.
Meanwhile twelve of Africa’s 40 richest people are billionaires from South Africa.
Thirty-two fortunes were self-made, 19 people had net worths higher than a year ago, while the fortunes of 10 dropped in value.
According to Forbes the average age was 63. The minimum net worth required to make the list of richest Africans was US400 million (about R3.6 billion).