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As stated by Forbes Magazine's latest ranking of the World's Most Powerful People, Nigerian billionaire Aliko Dangote is the 2nd most powerful man in Africa.

Dangote, 57, who is Africa’s richest man with a fortune estimated at $21.3 billion, is listed as the 68th most powerful person in the world, and is one of only two Africans to appear on this year's list. Africa's most powerful man is Egyptian President Abdel Fattah el-Sisi, who was elected president of Arab's most populous state in June with 96.6% of the vote. He ranks 51st on the power list which was published on Wednesday.

Dangote holds the national honor of Grand Commander of the Order of the Niger, an honor that was previously the exclusive reserve of high-ranking government officials in Nigeria.

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