Dangote ranks as Africa’s richest man – Bloomberg

According to the Bloomberg Billionaires Index, Aliko Dangote, the President of Dangote Group, has retained his position as Africa’s wealthiest individual, despite the Nigerian currency’s fluctuations against the dollar. His net worth was recently estimated at an impressive $15.6 billion, placing him at the top of the list of African billionaires on the Index.

It is worth noting that in the previous week, according to the real-time net worth provided by Forbes, Dangote net worth plummeted making Rupert, the billionaire from South Africa the richest man momentarily, displacing Dangote who had held the position for over a decade.

Globally, Elon Musk and Bernard Arnault hold the first and second positions, with fortunes amounting to $219 billion and $194 billion respectively. Jeff Bezos ranks third with $151 billion, followed by Microsoft CEO Bill Gates and Larry Ellison, both with a net worth of $130 billion. Despite currency volatility, Dangote’s consistent ranking showcases his successful business ventures and investments across various sectors.

Meanwhile, The most recent list of the world’s top 500 billionaires for 2023 includes only five other Africans: Johann Rupert and his family from South Africa, with a net worth of $13.3 billion, Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, with respective fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion.

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