Details As Dangote Gets New Position in World’s Billionaire List
New figures published by Bloomberg show that Nigeria’s richest man is among the top 70 wealthiest men in the world
Aliko Dangote has experienced a remarkable increase in his wealth over the past few days, which has contributed to his ascent on the global billionaire rankings.
As reported by the Bloomberg Billionaires Index, Dangote saw a gain of $2.32 million, approximately N3.90 billion, on Monday, November 25, 2024.
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Nigerian billionaire Aliko Dangote climbed higher on the world’s billionaire list after opening the new week strong.
New figures published by Bloomberg show that Nigeria’s richest man is among the top 70 wealthiest men in the world.
His new wealth helped push him two places to the 66th position in the world’s billionaire ranking.
Bloomberg noted that Dangote’s wealth is derived from various assets, from sugar to his Lagos-based company, Dangote Group.
It said: “Dangote biggest asset is the Dangote Oil Refinery, Africa’s largest refiner, which began operating in early 2024.
“He owns 92.3% stake of the project, which is valued based on the amount it cost to build it: $20 billion.”
Other assets owned include the Dangote Cement and stakes in Dangote Sugar, Nascon Allied Industries and United Bank for Africa. Read More
