Dangote now 64th richest man in the world

Dangote now 64th richest man in the world

Dangote now 64th richest man in the world

African investor and President, Dangote Group, Alhaji Aliko Dangote, has been listed as the 64th richest person in the world.

Dangote, who retained his spot recently as Forbe’s Billionaire Richest Man in Africa, significantly moved up in the world billionaires’ list with an estimated worth of $16.6 billion.

He moved from his previous global ranking of 103rd.

Dangote, who remains the richest man in Africa for the 8th year running, was the only Nigerian on the list of the top 500 billionaires, as released last week by Bloomberg in its yearly billionaires’ list.

Jeff Bezos remains the richest in the world with $136 billion in his kitty while Bill Gates and Warren Buffett followed as second and third respectively with $98.4 billion and $83 billion on the chart, which is dominated by North Americans.

Dangote’s estimated worth in the latest Bloomberg ranking far outstrips an earlier ranking by the Forbes Magazine, another elite publication, which placed his fortune at $10.8 billion in the 2019 Forbes Africa’s Billionaires’ list released in January.

Dangote now 64th richest man

There are only five Africans on the Bloomberg’s list of the world’s top 500 billionaires, with Dangote topping the group.

The other four Africans include Nicky Oppenheimer of South Africa, who was ranked 216 with an estimated worth of $7.05 billion; Johann Rupert of South Africa (ranked 225 with an estimated worth of $6.92bn); and Natie Kash of South Africa (ranked 263 with an estimated worth of $6.10bn).

The fifth and last African on the list of 500 HNW individuals is Naguib Sawiris of Egypt, ranked 331 with an estimated fortune of $5.12 billion.

Bloomberg is a global information and technology company that connects decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world.”

Africa’s richest man, with his improved worth of $16.6 billion, controls Dangote Industries, a closely held conglomerate.

The Lagos -based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had a revenue of N805.6 billion naira ($2.4 billion) in 2017.

It also has interests in sugar, salt, flour, fertiliser and packaged food.

It would be recalled that Dangote was also recently named as the sixth most charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom.

This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF), to the tune of $1.25 billion.

Warren Buffett, Bill Gates and J.K Rowlings occupied the first three positions on the World Charitable lists, while Oprah Winfrey and Elon Musk occupied the fourth and fifth positions respectively while Dangote now 64th richest man

NewTelegraph

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