Bloomberg Rates Aliko Dangote Richest Man In Africa With $15.6bn - Breaking News in Nigeria today 247 | TheWatchNGR


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Friday, June 30, 2023

Bloomberg Rates Aliko Dangote Richest Man In Africa With $15.6bn


President of Dangote Group, Aliko Dangote, remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar.

Bloomberg in its daily top billionaire lists, released on Tues­day, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Ellon Musk and Bernard Arnault are the first and second richest people in the world, with fortunes totalling $219 billion and $194 billion, respectively. Jeff Bezos comes in third with $151 billion, followed by Microsoft CEO Bill Gates with $130 billion, and Larry Ellison comes in fifth with a net worth of $130 billion.

Africa’s richest man, with his new worth of $15.6 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nige­ria-based company owns sub-Sa­haran Africa’s biggest cement producer, Dangote Cement. It also has interests in sugar, salt, fertiliser and packaged foods. Dangote also recently commissioned the $19 billion petroleum refinery plant, which is now the Africa’s largest refinery.

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