He remained number one on the newly released Forbes’ list of African billionaires.
He, however, lost almost $2bn compared to his last year’s worth.
The list was released on Wednesday.
Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.
Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list.
The rating magazine reports that Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.
Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is worth an estimated $9.2 billion.
Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.
Here are the richest Africa’s Billionaires
1. Aliko Dangote – $12.2 billion net worth
2. Nicky Oppenheimer – $7.7 billion net worth
3. Johann Rupert – $7.2 billion net worth
Nassef Sawiris – $6.8 billion net worth
Mike Adenuga – $5.3 billion net worth
6. Naguib Sawaris – $4 billion net worth
7. Issad Regrab – $4 billion net worth
8. Koos Becker – $2.8 billion net worth
9. Mohamed Mansour – $2.7 billion net worth
10. Patrice Motsepe – $2.4 billion net worth
11. Aziz Akhannouch – $2.2 billion net worth
12. Yasseen Mansour – $1.9 billion net worth
13. Strive Masiyiwa – $1.7 billion net worth
14. Othman Benjelloun – $1.6 billion net worth
15. Mohammed Dewji – $1.5 billion net worth
16. Youssef Mansour – $1.4 billion net worth
17. Stephen Saad – $1.2 billion net worth
18. Michiel Le Roux – $1.2 billion net worth
19. Onsi Sawiris – $1.2 billion net worth
20. Desmond Sacco – $1.1 billion net worth
21. Christoeffel Wiese – $1.1 billion net worth
