The Magazine noted that the number of Nigerians on the list fell from 13 in 2014, while South Africa climbed up with 16 slots from 11 last year. Alakija is one of only two women on the list. The other being Isabel dos Santos of Angola.
For the fifth consecutive year, Forbes has rated the President of the Dangote Group, Aliko Dangote, as Africa’s richest person in Africa.
The Magazine also ranked Dangote as the 67th richest person in the world, from a peak of 23rd in 2014.
He surpassed Saudi-Ethiopian billionaire, Mohammed Hussein Al Amoudi, in 2013 by over $2.6b to become the world’s richest person of African descent
Nine other Nigerians on the list of Africa’s 50 richest are Mike Adenuga at 7th place, with $3.5bn; Folorunsho Alakija, with $1.7bn (13th); Femi Otedola, with $1.6bn (16th); Abdulsalam Rabiu, with $1bn (23rd); and Theophilus Danjuma, with $750m (30th).
Others are Tony Elumelu, with $700m (31st); Jim Ovia, with $550m (37th); Mohammed Indimi, with $500m (39th); and Orji Uzor Kalu, with $330m (49th).