Billionaire Femi Otedola Is Africa's Highest Gaining Billionaire - Forbes

Nigeria's billionaire oil magnate, Femi Otedola, is Africa's highest gaining billionaire in 2015. According to a Forbes estimate, more African billionaires saw a drop in their net worth in 2015 but Femi Otedola saw his fortunes rise by 75 percent at the end of the year to $1.81 billion from $778 million in 2014. ..

With the exception of King Mohammed VI of Morocco, only 5 of the 21 African billionaires grew richer between December 31, 2014 and December 31, 2015.

Forbes, a platform that tracks billionaires across the world, revealed how African billionaires gained more in 2015. Here is a list of Africa's highest gaining billionaires in 2015.

While Christofell Wiesse was the biggest gainer in dollar terms, Femi Otedola gained the most in terms of percentage. He, owner of more than 70 percent of Forte Oil, saw his fortune jump by more than 75 percent as Forte Oil's stock price reached unprecedented highs on the back of fresh investments in power generation. 

Last year, Forte Oil was among 21 local and international companies to be awarded a lucrative crude oil lifting contract by the NNPC which led to an increase in the company's stock price more than 60 percent and Femi Otedola closed the year with a net worth of $1.81 billion (75 percent increase from 2014).

Below is a list of Africa's highest gaining billionaires in 2015....

Femi Otedola, Nigeria
Net Worth: $1.81 billion
Up: $778 million (75%)

Christo Wiese, South Africa 

Net Worth: $6.2 billion
Up: $841 million (15%)

Isabel dos Santos, Angola

Net Worth: $3.6 billion
Up: $335 million (12.5%)

Issad Rebrab, Algeria

Net Worth: $3.2 billion
Up: $181 million (6.6%)

Mohammed Dewji, Tanzania
Net Worth: $1.11 billion