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In 2016, Africa’s biggest gainer — in both dollar and percentage terms – is Nigerian oil and telecom tycoon Mike Adenuga, whose net worth increased $2.7 billion to $5.8 billion since December 31, 2015.
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No other African billionaire added more than $1 billion to his or her net worth in the past year. Adenuga was the only Nigerian billionaires whose net worth increased this year.
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Aliko Dangote, the richest Nigerian and Africa’s richest man, saw his fortune drop nearly 28% to $12.4 billion over the course of 2016.