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.
He moved from his previous global ranking of 103rd.
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 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.
NewTelegraph
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