For the 12th year consecutively, Aliko Dangote,
President of the pan-African Conglomerate, the Dangote Group has emerged the
richest man in Africa, despite economic headwinds that affected the fortunes of
half of the world’s reported billionaires.
Dangote, whose business flagship,
Dangote Cement Plc is the largest producer of cement in Africa, is the only
Nigerian in the list of first 200 richest men in the world with an estimated
net worth of $14.2 billion, up from last year’s $12.1 billion.
Forbes, in its latest ranking of
world billionaires for 2023 reported that falling stocks, wounded unicorns and
rising interest rates translated into a down year for the world’s wealthiest
people.
Dangote, presently ranked 124th
among the world’s richest billionaires, is the only Nigerian in the top 200
world billionaires and one of the two Africans within that bracket; with South
Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth
of $11.1 billion.
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