Aliko Dangote worth $16.6bn Becomes 64th World’s Richest Man in 2019

President of Dangote Group, Aliko Dangote who remains the richest man in Africa for the eight – year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg in its yearly billionaires list.

Dangote, gained $5.8bn within 24 hours as his total net worth rose to $16.6bn on Tuesday to become 64th richest person in the world as against his previous ranking of 103rd.

Bloomberg Billionaires Index, a ranking of the world’s 500 richest people, showed that his wealth fell from $10.5bn at the end of last year to a low of $9.63bn on January 1, 2019. But it grew to $10.8bn on Monday, February 25.

“Dangote controls Dangote Industries, a closely held conglomerate. The Lagos-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N805.6bn ($2.4bn) in 2017. It also has interests in sugar, salt, flour, fertiliser and packaged food,”

The Amazon Boss Jeff Bezos remains the richest man in the world with $136 billion in his kitty while Microsoft Boss Bill Gates and Warren Buffett followed as 2nd and 3rd respectively with $98.4 billion and $83 billion on the world billionaires’ chart, which is dominated by North Americans.

here are only five Africans on the Bloomberg 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 No. 216 with an estimated worth of $7.05 billion; Johann Rupert of South Africa (ranked No. 225 with an estimated worth of $6.92bn); and Natie Kash of South Africa (ranked No. 263 with an estimated worth of $6.10bn).

The fifth and last African on the list of 500 HNW individuals was Naguib Sawiris of Egypt, ranked No. 331 with an estimated fortune of $5.12bn.

Dangote was also recently named 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. The recognition came after he endowed his foundation, the Aliko Dangote Foundation to the tune of $1.25bn.


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