The President of Dangote Group, Alhaji Aliko Dangote has retained his position as the Africa’s richest man.

He has a $12.4 billion networth.

These figures were released on Forbes website on Tuesday.

The report showed that despite losing $1.7 billion in few months, Dangote has remained a strong brand, retaining his position as Africa’s richest man.

Also, listed by Forbes is the Chairman of Conoil and Globacom, Chief Mike Adenuga, whose networth is $4.4 billion.

Adenuga was said to have lost $1.1 billion within the period.

According to Forbes, the founder of Amazon.com Inc, Mr.Jeff Bezos is the richest man in modern history.

Bezos’s fortunes jumped from $112billion in March this year to $151.4 billion as at yesterday.

The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index.

That’s about $55 billion more than Microsoft Corp. co-founder, Bill Gates, the world’s second-richest person.

Bezos, 54, also has topped Gates in inflation-adjusted terms.