According to the Bloomberg Billionaire Index, Aliko Dangote has continued to hold the title of the richest person in Africa, a title he has held for a continuous 12-year period.
On Monday, March 20, 2023, the Nigerian billionaire made over $100 million in a single day, which caused his wealth to soar.
Dangote Cement increases his wealth.
After Dangote Cement, in which he owns the majority stake, had such a successful year, Dangote’s net worth increased. Additionally, this occurred after the company’s announcement of a share buyback two weeks prior.
At the Nigerian Stock Exchange, the share price of Dangote Cement is still strong, currently trading at N288.
The success is attributed to rising cement demand in Africa, where Dangote Cement maintains a firm hold and dominates Nigeria, its main market.
2 Russians and 2 Asians are defeated by Dangote.
The richest person in Africa is ranked 83rd on the billionaire index, ahead of two Russians, Alexey Mordashov and Alisher Usmanov, whose refinery will start operating this year.
Dangote dropped two spots and was now ranked 81st, but he lost more than N13 billion the previous week.
He also keeps a commanding lead over the Chinese consumer retailer Chuan-Fu and the Indian commodities tycoon Lakshmi Mittal. Prior to Johann Rupert and Nicky Oppenheimer and family, Dangote is Africa’s richest man with a net worth of $19.7 billion.
Top 8 African billionaires.
Mr. Aliko Dangote.
Mr. Abdulsamad Rabiu.
Mr. Nassef Sawiris.
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