Nigerian billionaire Aliko Dangote becomes world’s 61st richest man
Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
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Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
This is significantly greater than the $1.3-billion increase in his net worth in 2021.
Dangote began the year as the 97th richest man in the world.
So far this year, Musk’s net worth has dropped by over $13 billion, while Dangote’s risen by $1.32 billion.
His year-to-date wealth gains are now $1.33 billion.
Muriuki now controls 137.8 million shares in the company.
Musk remains the world’s richest man, with a $261-billion net worth.
The wealth gains solidify his position as not only Africa’s richest man but also the world’s richest Black man.
Dangote Cement is Africa’s largest cement producer, producing 51.55 million tonnes per year across 10 countries.
Dangote’s net worth surpassed the $20-billion valuation in the first three months of 2021.
Dangote is now the world’s 80th richest man.
The $2.5-billion urea fertilizer plant is reported to be the Africa’s largest granulated urea fertilizer complex.
The recent disclosure comes amid a fuel crisis in the country and a spike in global energy prices.
Dangote Cement is Africa’s largest cement producer.
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.