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The Top 10 African Billionaires

The Forbes 2011 Billionaires List was recently released. Topping this year’s ranking of 1,210 billionaires is Mexico’s Carlos Slim Helu. The telecom mogul, who earns 62% of his fortune from America Movil, is now worth US$74 billion and way ahead of his two closest rivals. Bill Gates, No. 2, and Warren Buffett, No. 3, both added a more modest $3 billion to their piles and are now worth $56 billion and $50 billion, respectively.

A number of African business people also made this year’s list, here are the top 10. Aliko Dangote is Africa’s richest man according to Forbes.

1. Aliko Dangote - Nigeria

Net worth: $13.8 billion
Source of wealth: Sugar, flour, cement, inherited and growing

2. Nicky Oppenheimer & family - South Africa

Net worth: $7 billion
Source of wealth: De Beers, inherited

3. Nassef Sawiris - Egypt

Net worth: $5.6 billion
Source of wealth: Construction, inherited and growing

4. Johann Rupert & family - South Africa

Net worth: $3.3 billion
Source of wealth: Mining, self-made

5. Naguib Sawiris - Egypt

Net worth: $3.5 billion
Source of wealth: Telecom, inherited and growing

6. Patrice Motsepe - South Africa

Net worth: $4.8 billion
Source of wealth: Luxury goods, inherited and growing

7. Onsi Sawiris - Egypt

Net worth: $2.9 billion
Source of wealth: Construction, self-made

8. Mohamed Mansour - Egypt

Net worth: $2 billion
Source of wealth: Cotton trading, inherited and growing

9. Mike Adenuga - Nigeria

Net worth: $2 billion
Source of wealth: Banking, self-made

10.Yasseen Mansour - Egypt

Net worth: $1.8 billion
Source of wealth: Diversified, inherited and growing