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Wednesday, March 22, 2023

Dangote’s Net Worth Rises to $19.2 billion on Billionaires Index

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Nigerian Billionaire and Africa’s richest man Aliko Dangote’s net worth increased from $17.8bn in August 2021 to $19.8 billion in November 2021.

Dangote currently ranks 102nd on the Bloomberg Billionaires’ Index as of November 8, 2021, up from 118th in August, 2021.

Aliko Dangote controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N891.7 billion ($2.5 billion) in 2019. It also has interests in sugar, salt, oil, fertiliser and packaged food.

Other Africans on the world’s 500 wealthiest people list include Johann Rupert and family (South Africa), Natie Kirsh (South Africa), Nicky Oppenheimer (South Africa), and Nassef Sawiris (Egypt).

Globally, Elon Musk became the wealthiest person in the world at the end of September as his earnings grew rapidly and steadily. In October, his wealth skyrocketed to $289 billion following the purchase of car rental company Hertz.

Since then, his net worth has been estimated at $336 billion, causing some specialists to affirm that Elon Musk is ‘the richest person who has walked the planet’.

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