Ethiopian Baron Beats Dangote As Forbes' Africa's Richest Man

Forbes Magazine has released its annual “Forbes Billionaires List”. The 2012 list of billionaires from all around the world is a record setting one! 1,226 people made the list, this is the all-time highest number of billionaires ever. This time around, 18 Africans made it to the list with Saudi billionaire, Sheikh Mohammed Al-Amoudi, moving Aliko Dangote off the number one position as the richest black person in the world. The Ethiopian-born Mohammed Al-Amoudi who is worth an estimated $12.5 billion is now the richest black man. He is $1.3 billion richer than Dangote who takes the second position with $11.2 billion. Carlos Slim of Mexico retained his position as the world’s richest man for the third consecutive year with a net worth of $69billion. Microsoft Corp cofounder Bill Gates ranked second place at $61 billion and Warren Buffett third at $44 billion. Bernard Arnault made it to the fourth position on the list with a net worth of $41 billion while Amancio Ortega, the man behind the fashion chain Zara followed at the fifth position with $37.5 billion. 27 year-old Mark Zuckerberg, Facebook founder and CEO made it to the 35th position on the list with a net worth of $17.5 billion. He climbed up 17 spots from last year adding $4 billion to his previous figure. The youngest self-made female billionaire, Sara Blakely made it to the list at number 1,153 with a net worth of $1 billion. From her business, Spanx, which makes slimming undergarments, she affirmed that there was profit in vanity. Oprah Winfrey, American TV mogul still stands alone as the only black female billionaire in the world. Out of the 1,226 people who made it to the 2012 FORBES list of the world billionaires, only 6 are black. They are: Mohammed Al-Amoudi
Net Worth: $12.5 billion
Country: Saudi Arabia
Source: Oil. Aliko Dangote
Net Worth: $11.2 billion
Country: Nigeria, Source: Sugar, Cement, Flour

Mike Adenuga
Net Worth: $4.3 billion
Country: Nigeria
Source: Telecom, banking, oil

Patrice Motsepe
Net Worth: $2.7billion
Country: South Africa
Source: Mining

Oprah Winfrey
Net Worth: $2.7 billion
Country: USA
Source: Television

Mo Ibrahim
Net Worth: $1.1 billion
Country: United Kingdom
Source: Telecoms

Other Africans on the list are: Nicky Oppenheimer & family
Net Worth: $6.8 billion
Country: South Africa
Source: Diamonds, Nassef Sawiris
Net Worth: $5.1 billion
Country: Egypt
Source: Construction, Johann Rupert & family
Net Worth: $5.1 billion
Country: South Africa
Source: Luxury Goods, Naguib Sawiris
Net Worth: $3.1 billion
Country: Egypt
Source: Telecom, Christoffel Wiese
Net Worth: $3.1 billion
Country: South Africa
Source: Retailing, Onsi Sawiris
Net Worth: $2.9 billion
Country: Egypt
Source: Construction, telecom, Miloud Chaabi
Net Worth: $2.9 billion
Country: Morocco
Source: Real estate, Othman Benjelloun
Net Worth: $2.3 billion
Country: Morocco
Source: Banking, Insurance, Mohamed Mansour
Net Worth: $1.7 billion
Country: Egypt, Source: Diversified, Anas Sefrioui
Net Worth: $1.6 billion
Country: Morocco
Source: Real estate, Yasseen Mansour
Net Worth: $1.6 billion
Country: Egypt
Source: Diversified, Youssef Mansour
Net Worth: $1.5 billion
Country: Egypt
Source: Diversified, Mohamed Al Fayed
Net Worth: $1.3 billion
Country: Egypt
Source: Retailing, The United States of America dominated the list with 425 billionaires among the 58 countries that made the list.