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Africa now has 25 billionaires up from 24 last year according to Forbes.
At only 41 years old, Mohammed Dewji of Tanzania makes the list and now earns the title of being the youngest billionaire in Africa with a fortune Forbes estimates at $1.09 billion.
Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent
No Kenyan makes it to the list that is largely dominated by South African and Egyptian tycoons.
Below is the top 10 African rich list:
1. Aliko Dangote (Nigerian)
Net Worth: $12.2 billion
Source Of Wealth: Cement, flour, sugar, salt
2. Nicky Oppenheimer (South African)
Net Worth: $7 billion
Source Of Wealth: Diamonds
3. Mike Adenuga (Nigerian)
Net Worth: $6.1 billion
Source Of Wealth: Telecom, Oil, Real Estate
4. Johann Rupert (South African)
Net Worth: $6.3 billion
Source Of Wealth: Luxury Goods
5. Nassef Sawiris (Egyptian)
Net Worth: $6.2billion
Source Of Wealth: Construction, Chemicals
6. Christoffel Wiese (South African)
Net Worth: $5.9 billion
Source Of Wealth: Retail
7. Nathan Kirsch (Swazi)
Net Worth: $3.9 billion
Source Of Wealth: Retail
8. Naguib Sawiris (Egyptian)
Net Worth: $3.8 billion
Source Of Wealth: Telecom
9. Isabel dos Santos (Angolan)
Net Worth: $3.1 billion
Source Of Wealth: Investments
10. Issad Rebrab (Algerian)
Net Worth: $3 billion
Source of Wealth: Food
(Source:Forbes)