Dangote becomes 64th richest person in the world
The president of Dangote Group, Aliko Dangote, has significantly moved up in the World Billionaires’ list as he emerged 64th richest person in the world, with an estimated worth of $16.6 billion, as against his previous ranking of 103rd in the world.
Dangote, who remains the richest man in Africa for the eight – year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg in its yearly billionaires list.
Jeff Bezos remains the richest in the world with $136 billion in his kitty, while Bill Gates and Warren Buffett followed as 2nd and 3rd respectively with $98.4 billion and $83 billion on the world billionaires chart, which is dominated by North Americans.
Dangote’s estimated worth in the latest Bloomberg ranking far outstrips an earlier ranking by the Forbes Magazine, another elite publication which placed his fortune at $10.8billion in the 2019 Forbes Africa’s Billionaires’ list released in January, although he retained the rank as the richest African for the eight consecutive year in the latter ranking.
There are only five Africans on the Bloomberg list of the world’s top 500 billionaires, with Dangote topping the group. The other four Africans included Nicky Oppenheimer of South Africa, Johann Rupert of South Africa, Natie Kash of South Africa and Naguib Sawiris of Egypt.
Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas.
Africa’s richest man, with his improved worth of $16.6 billion, 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 N805.6 billion ($2.4 billion) in 2017. It also has interests in sugar, salt, flour, fertiliser and packaged food.
Aliko Dangote, was also recently named as the sixth most charitable man in the world by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion
Warren Buffett, Bill Gates and J.K Rowlings occupied the first three positions on the World Charitable lists, while Oprah Winfrey and Elon Musk occupied the fourth and fifth positions respectively. Aside Aliko Dangote, Tony Elumelu, Chairman of United Bank for Africa was 11th on the list and these two were the only Nigerians on that list.
Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.
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