Africa is now home to two new billionaires according to US Forbes Magazine's annual ranking of the world's billionaires. They are Nigeria's industrialist/sugar merchant Aliko Dangote, who seems to be involved in practically every industry and South Africa's minerals magnate Patrice Motsepe. Dangote made his money from businesses that include the number one sugar production company in the country, a cement factory and a virtual monopoly on the production of pasta in Nigeria. Dangote according to Forbes rich list has a fortune of $3.3 billion.
Patrice Motsepe, lawyer-turn-mine magnate made an estimated $2.4 billion buying unprofitable gold mines and turning them round. He moved from being the first black partner at Bowman Gilfillan law firm in Johannesburg to running a mining contract firm after apartheid collapsed. But Africa's richest men, according to Forbes still remain two white South Africans who inherited their wealth. Nicky Oppenheimer and family whose interests are primarily in mining giants De Beers and Anglo American are worth $5.7 billion, while Johann Rupert and his family head Swiss luxury goods group Richemont, which owns the Cartier label and the Rembrandt Group (Remgro) in South Africa. The family's fortune is worth $3.8 billion.
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