Summary:
- Aliko Dangote, Africa’s richest man, earned N460 billion in 24 hours, joining the top 100 richest people on Earth according to the Bloomberg Billionaire Index.
- Dangote Cement, in which he has a majority stake, has done very well, which is why his net worth has grown so much.
Aliko Dangote has been the richest person in Africa for 12 years in a row.
He has now joined the top 100 richest people in the world after making an incredible N460 billion (over $100 million) in just one day, according to the Bloomberg Billionaire Index.
Dangote’s net worth has gone up a lot because of this amazing achievement. He is now number 81 on the list of billionaires.
The Nigerian tycoon’s wealth went through the roof because Dangote Cement, in which he has a majority stake, did so well.
This surge in value followed the company’s announcement of a share buyback two weeks ago.
Dangote Cement has been enjoying a strong run at the Nigerian Stock Exchange, with shares trading at N288 each.
In Africa, the demand for cement has gone up, and Dangote Cement has a strong presence and a big share of the market in Nigeria, which is its main market. This growth has greatly contributed to Dangote’s soaring net worth.
With a net worth of $19.7 billion, Dangote now ranks ahead of two Russian billionaires, Alexey Mordashov and Alisher Usmanov.
He also surpassed Chinese consumer retailer Wang Chuan-Fu and Indian commodities magnate Lakshmi Mittal.
Dangote is richer than other African billionaires like Johann Rupert, Nicky Oppenheimer, and their families.
The table below shows the top 10 richest people in the world, followed by Aliko Dangote at number 81:
| Rank | Name | Total Net Worth | Last Change | YTD Change | Country / Region | Industry |
|---|---|---|---|---|---|---|
| 1 | Bernard Arnault | $186B | +$4.47B | +$24.1B | France | Consumer |
| 2 | Elon Musk | $171B | +$2.02B | +$34.1B | United States | Technology |
| 3 | Jeff Bezos | $121B | -$1.35B | +$13.8B | United States | Technology |
| 4 | Bill Gates | $115B | -$661M | +$5.35B | United States | Technology |
| 5 | Warren Buffett | $105B | +$2.81B | -$2.61B | United States | Diversified |
| 6 | Larry Ellison | $99.7B | +$1.45B | +$7.90B | United States | Technology |
| 7 | Steve Ballmer | $96.5B | -$2.35B | +$10.6B | United States | Technology |
| 8 | Larry Page | $93.5B | -$487M | +$10.5B | United States | Technology |
| 9 | Sergey Brin | $89.3B | -$468M | +$9.96B | United States | Technology |
| 10 | Francoise Bettencourt Meyers | $82.4B | +$1.74B | +$10.9B | France | Consumer |
| 81 | Aliko Dangote | $19.6B | -$51.9M | +$944M | Nigeria | Industrial |
Dangote’s refinery is expected to commence operations later this year, which could further bolster his position in the global billionaires’ list.
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Source: MandyNews.com
