Dangote Makes Over N12bn in Hours, Secures New Position in World’s Billionaire List …C0NTINUE READING HERE >>>
Aliko Dangote’s wealth has increased by over N12 billion in the last 24 hours, helping him climb the billionaire rankingsThe latest data shows that Nigeria’s richest man is now among the 150 wealthiest individuals in the worldHis closest billionaire rival from South Africa, Johann Rupert, has also recorded a wealth increase in the past few hours
Africa’s richest man, Aliko Dangote, has climbed the world billionaire after making over $8.04 million or N12.72 billion on Wednesday, August 14, 2024.
Aliko Dangote remains the richest man in Africa
Photo credit: Bloomberg/contributor
Source: Getty Images
Dangote’s wealth surges by N12bn
According to the Bloomberg Billionaires Index, Dangote’s wealth now stands at $13.9 billion, making him the 141st richest person in the world.
He is now ahead of South African billionaire Johann Rupert, who recently overtook Dangote to become the wealthiest man in Africa.
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The index also showed Rupert’s fortune increased by $27.9 million, bringing his current net worth to $13.2 billion.
He is currently the 156th richest man in the world, 15 places below Dangote.
Source of Dangote’s wealth
The majority of Dangote’s fortune is derived from his 86% stake in publicly traded Dangote Cement.
He holds the shares in the company directly and through his conglomerate, Dangote Industries.
Dangote’s other publicly traded assets include stakes in Dangote Sugar, Nascon Allied Industries and United Bank for Africa.
His stakes in the publicly traded companies are held directly and through Dangote Industries, which also owns closely held businesses operating in food manufacturing, fertilizer, oil and other industries.
Here are the top 10 wealthiest men in the world
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Elon Musk: $235bnJeff Bezos: $193bnMark Zuckerberg: $188bnBernard Arnault: $185bnBill Gates: $154bnLarry Ellison: $148bnLarry Page: $147bnSteve Ballmer: $143bnSergey Brin: $139bnWarren Buffett: $136bn
Forbes releases list of 25 richest people
In a similar report, Henzodaily.ng revealed Forbes’s list of the 25 wealthiest men in the world.
The list showed that Elon Musk had been dethroned as the world’s richest billionaire.
This is because he lost a substantial part of his wealth since his $44 billion takeover of Twitter.
Source: Henzodaily.ng
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