A list released by Forbes in March 2017, though his net worth took a £9.79bn, €11.28bn compared to end of 2016.

While this is a positive outlook for Dangote and other wealthy men and women in the list, there were only 24 African billionaires this year, which is a drop by five, compared to the previous year.

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Two heavyweights, Nigerian businessmen Femi Otedola and Abdulsamad Rabiu dropped off the list in the past 12 months.

The top 25 richest Africans includes billionaires hailing from eight countries including Algeria, Angola, Egypt, Morocco, Nigeria, South Africa, Swaziland and Tanzania.

READ ALSO: Aliko Dangote resigns from Dangote Flour

Here are the top ten richest billionaires in Africa

1. Aliko Dangote, Nigeria

Net Worth: $12.2bn (£9.79bn, €11.28bn, estimated as at 20 March 2017)

Source Of Wealth: Cement, flour, sugar, salt

2. Nicky Oppenheimer, South African

Net Worth: $7bn

Source Of Wealth: Diamonds

3. Mike Adenuga, Nigeria

Net Worth: $6.1bn

Source Of Wealth: Telecom, Oil, Real Estate

4. Johann Rupert, South Africa

Net Worth: $6.3bn

Source Of Wealth: Luxury Goods

5. Nassef Sawiris, Egypt

Net Worth: $6.2bn

Source Of Wealth: Construction, Chemicals

6. Christoffel Wiese, South Africa

Net Worth: $5.9bn

Source Of Wealth: Retail

7. Nathan Kirsch, South Africa/ Swaziland

Net Worth: $3.9bn

Source Of Wealth: Retail

8. Naguib Sawiris, Egypt

Net Worth: $3.8bn

Source Of Wealth: Telecom

9. Isabel dos Santos, Angola

Net Worth: $3.1bn

Source Of Wealth: Investments

10. Issad Rebrab, Algeria

Net Worth: $3bn

Source of Wealth: Food