Forbes is out with it’s list of wealthiest Africans for 2018. According to Forbes the number of billionaires reduced from 23 to just 20.

Nigeria’s Aliko Dangote has retained his position as Africa’s wealthiest man for the 8th year in a row. According to Forbes, the business tycoon has a networth of $10.3 billion. Unfortunately (at least for him), his current networth($10.3 billion) is $2 billion less than a year ago because of a reduction in the stock price of Dangote Cement.

Second wealthiest African is also from Nigeria. He owns Globacom, Nigeria’s biggest mobile phone network and oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria and a network of 12,000 cellphone towers. Mike Adenuga has a total networth of $9.2billion.

Full Forbes List of Africa’s richest men

Following Nigeria’s billionaires is Nicky Oppenheimer. Nicky Oppenheimer is a South African billionaire, he is heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. Nicky Oppenheimer now owns an estimated 1% stake in Anglo American, which his grandfather founded in 1917.