American business magazine, Forbes have released the latest list of billionaires from Africa. The list which was released on March 1, 2018 has 23 rich businessmen on the continent.

The list is predominantly dominated by South Africans, Egyptians and Nigerians. However, Nigerian businessman, Aliko Dangote sits on top.

He is the founder and chairman of Dangote Cement, the continent's largest cement producer.

He owns nearly 88% of publicly-traded Dangote Cement through a holding company.

Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020.

Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.

Dangote is worth $12.2 B. Join YEN on Instagram to be always informed and entertained!

There are only two women on the list - Angola's Isabel dos Santos with $2.7 billion and Folorunsho Alakija worth $1.6 B.

The list of Africa's billionaires

#1 Aliko Dangote $12.2bn 60 cement, sugar, flour

#2 Nicky Oppenheimer $7.7bn 72 diamonds

#3 Johann Rupert $7.2 bn 67 luxury goods

#4 Nassef Sawiris $6.8bn 57 construction, chemicals

#5 Mike Adenuga $5.3bn 64 telecom, oil

#6 Issad Rebrab $4bn 74 food

#6 Naguib Sawiris $4 bn 63 telecom

#8 Koos Bekker $2.8bn 65 media, investments

#9 Isabel dos Santos $2.7bn 44 investments

#9 Mohamed Mansour $2.7bn 70 diversified

#11 Patrice Motsepe $2.4bn 56 mining

#12 Aziz Akhannouch $2.2bn 57 petroleum, diversified

#13 Yasseen Mansour $1.9bn 56 diversified

#14 Strive Masiyiwa $1.7bn 57 telecom

#15 Folorunsho Alakija $1.6bn 67 oil

#15 Othman Benjelloun $1.6bn 85 banking, insurance

#17 Mohammed Dewji $1.5bn 42 diversified

#18 Youssef Mansour $1.4bn 72 diversified

#19 Michiel Le Roux $1.2bn 68 banking

#19 Stephen Saad $1.2bn 53 pharmaceuticals

#21 Desmond Sacco $1.1bn 75 mining

#21 Onsi Sawiris $1.1bn 88 construction, telecom

#21 Christoffel Wiese $1.1bn 76