Forbes African rich list topped by Nigerian mogul

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A Nigerian construction mogul has topped a list of Africa's richest people.

Aliko Dangote, with a stake in Dangote Cement and interests in flour milling and sugar refining, has a fortune of $10.1bn (£6.4bn).

Forbes magazine's inaugural list of the 40 richest people in Africa put South Africa's Nicky Oppenheimer at number two with $6.5bn.

The total wealth of the list is $64.9bn.

By comparison, the wealthiest 40 people in Taiwan are worth $92.7bn.

The average age of those on the African list - which contains no women - is 61.

Mr Dangote and Mr Oppenheimer, of diamond miners De Beers, are two of 16 billionaires on the list.

De Beers recently agreed a $5.1bn deal to sell the Oppenheimer family's 40% stake to Anglo American.

Egypt has the most billionaires, with seven coming from two families, the Sawiris and Mansours, according to Forbes.

<a href="http://www.forbes.com/sites/kerryadolan/2011/11/16/africas-40-richest/" >Forbes said</a> it had reached the values using stock prices for publicly-traded companies and estimates of revenues or profits for the many privately-held businesses.

The magazine ignored dispersed family fortunes, such as the Chandaria family of Kenya.