Aliko Dangote has retained his position as the richest person of African descent in the world.

This was contained in the latest Forbes comprehensive list of world’s billionaires for 2023.

After climbing to $14billion in 2022, Aliko’s wealth is estimated to be around $14.2billion as in the latest reports released by Forbes.

The BUA Group chairman, Abdul Samad Rabiu emerged as one of the main surprises in 2023. From $7.6 billion a few months ago, the billionaire businessman and philanthropist’s rating in Forbes list shot up towering many to become the 249th richest person in the world.

For Mike Adenuga, the third Nigerian on the African billionaire’s list, business has not been cozy. He dropped from $7.3billion in 2022 to $6.1billion. The last couple of years have seen him move up and down the wealthiest’ scale. He’s now the 418th richest in the world at 58.

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Meanwhile, Luxury goods tycoon Bernard Arnault‘s net worth surged by $53 billion to $211billion dollars since last year, to climb to the number one spot for the first time ever on the rise of shares in his company, LVMH.

Former world’s richest man, Elon Musk, slipped to second position after his worth reduced by $39billion due to his purchase of social messaging g app, Twitter.

Jeff Bezos of Amazon stands third on the log with a massive $114 billion.

The 25 richest people in the world are worth a collective $2.1 trillion, down a combined $200 billion from $2.3 trillion in 2022, in the Forbes report seen by Integrity News.

The United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion.

China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion.

To calculate net worths, Forbes said it used stock prices and exchange rates from March 10, 2023.