Dangote ‘no longer Africa’s richest man’ as devaluation forces Forbes to reshuffle Africa’s wealthiest list
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
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Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
According to Forbes, Rupert has ousted Aliko Dangote to become Africa’s richest man.
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
President Tinubu’s bold policies propel the Nigerian equities market, catapulting Africa’s richest man Aliko Dangote’s fortune.
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
Dangote owns several valuable, privately-held, unquoted companies that add hundreds of millions of dollars to his wealth.
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
In recent years, the Aliko Dangote Foundation has emerged as a prominent humanitarian force not only in Nigeria but across Africa.
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
The surge in Dangote’s net worth makes him the 82nd richest man in the world.
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
The listing is the largest issuance of local currency bonds on the capital market so far this year.