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Dangote Earns N460 Billion in One Day And Joins Top 100 Richest People On Earth

Aliko Dangote, Africa’s richest man, earned N460 billion in 24 hours, joining the top 100 billionaires’ list thanks to the performance of Dangote Cement.

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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:

RankNameTotal Net WorthLast ChangeYTD ChangeCountry / RegionIndustry
1Bernard Arnault$186B+$4.47B+$24.1BFranceConsumer
2Elon Musk$171B+$2.02B+$34.1BUnited StatesTechnology
3Jeff Bezos$121B-$1.35B+$13.8BUnited StatesTechnology
4Bill Gates$115B-$661M+$5.35BUnited StatesTechnology
5Warren Buffett$105B+$2.81B-$2.61BUnited StatesDiversified
6Larry Ellison$99.7B+$1.45B+$7.90BUnited StatesTechnology
7Steve Ballmer$96.5B-$2.35B+$10.6BUnited StatesTechnology
8Larry Page$93.5B-$487M+$10.5BUnited StatesTechnology
9Sergey Brin$89.3B-$468M+$9.96BUnited StatesTechnology
10Francoise Bettencourt Meyers$82.4B+$1.74B+$10.9BFranceConsumer
81Aliko Dangote$19.6B-$51.9M+$944MNigeriaIndustrial

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

I have a passion for blogging about what's trending in Hip-Hop, politics and entertainment. I'm a huge Hip-hop fan; my favorite artiste are Chris Brown, Jay'z & Beyonce. I also enjoy spending time with my team (#TeamWE), and working hard as hard work pays off.

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