The Forbes Billionaires List: 2016

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Even with a slight decline of $1.8 billion from last year’s Forbes Billionaire list, Microsoft’s co-founder Bill Gates retains his position as the world’s wealthiest man with a net worth of $77.4 billion. A position he holds for the 17th time in the last 22 years. Gates is closely followed by Spaniard Amancio Ortega, who is the brains behind Inditex fashion group, which owns Zara clothing and accessories retail shops

With $48.9 billion, Facebook’s co-founder Mark Zuckerberg has moved up ten spots making him among the ten wealthiest people in the world. Zuckerberg holds the sixth position with his net worth increasing by $15.5 billion from $33.4 billion in 2015.

With 22 African billionaires this year, the number on the list has dropped by seven, compared to 29 the previous year. The list, which is available in the February issue of Forbes Africa, is dominated by Egyptians, who have a combined net worth of $14.1 billion, $2.3 billion shy of Nigerian billionaire, Aliko Dangote’s net worth.

Dangote remains the richest African on the list with his net worth increasing by $700 million from 2015.

Africa’s richest have a combined $74.5 billion, a drop of $19.5 billion from $94 billion in 2015. The wealthiest group are South Africans with a combined net worth of $20.1 billion. From the 54 African countries, only seven are represented in the list and only two women.

Rank     Name  Net Worth $Origin of WealthCitizenship  Age
1Aliko Dangote16.4bnCement, Sugar, FlourNigeria58
2Nicky Oppenheimer & family6.5bnDiamondsSouth Africa70
3King Mohammed VI5.8bnDiversifiedMorocco52
4Christoffel Wiese5.7bnRetailingSouth Africa74
5Johann Rupert & family5.4bnLuxury GoodsSouth Africa65
6Nassef Sawiris4.2bnConstruction, ChemicalsEgypt55
7Isabel dos Santos3.5bnInvestmentsAngola42
8Issad Rebrab & family3.1bnFoodAlgeria71
9Naguib Sawiris3bnTelecomEgypt61
10Mike Adenuga2.9bnTelcom, OilNigeria62
11Mohamed Mansour2.5bnDiversifiedEgypt68
12Othman Benjelloun2bnBanking, InsuranceMorocco83
13Femi Otedola1.8bnGas StationsNigeria53
14Youssef Mansour1.7bnDiversifiedEgypt70
15Folorunsho Alakija1.6bnOilNigeria65
16Koos Bekker1.5bnMedia, InvestmentsSouth Africa63
17Yasseen Mansour1.4bnDiversifiedEgypt54
18Onsi Sawiris1.3bnConstruction, TelecomEgypt86
19Aziz Akhannouch & family1.1bnPetroleum, DiversifiedMorocco55
20Mohammed Dewji1.1bnDiversifiedTanzania40
21Stephen Saad1bnPharmaceuticalsSouth Africa51
22Abdulsamad Rabiu1bnCement, Sugar, FlourNigeria55