President of Dangote Group, Aliko Dangote, has emerged as the 73rd richest person in the world with an estimated net worth of $20 billion, as against his previous ranking of 83rd in the world last month, according to Bloomberg’s billionaires’ index.
Dangote, who remains the richest man in Africa for the 11th year running, was the only African who made the top 100 list of the world’s 500 richest people. The Nigerian billionaire’s wealth rose following a year-to-date price increase in the shares of Dangote Cement Plc.
According to Bloomberg, the Nigerian billionaire started 2022 on an upward note after being ranked the 97th richest person in the world in January, with a net worth of $19.2 billion. In February, the Nigerian billionaire moved up the ranking to become the 83rd richest person in the world.
Meanwhile, Dangote according to Bloomberg is now almost two times richer than Chelsea Football Club Roman Abramovich, who sits at 129 places with a wealth of $13.6 billion.
The wealth of Dangote is expected to grow even higher in the coming months as he completes the refinery located in Lagos.
The refinery will add to his list of investments which includes Dangote Cement, Sugar, Nascon Allied Industries and a stake in United Bank for Africa. Dangote Industries also owns closely held businesses operating in food manufacturing, fertilizer, oil and other industries.We are social! follow us on: