Nigeria’s multibillonaire businessman and founder of the Dangote Group, Aliko Dangote, has regained his position as Africa’s richest businessman according to Forbes after being temporarily ousted in June by South Africa’s Johann Ruperts due to changes in monetary policy in Nigeria which led to the depreciation of the Naira against the US dollar.
According to Forbes index released on Tuesday, July 11, 2023, Nigeria’s Aliko Dangote has been ranked the richest man in Africa for 12 years, making the list of the top 200 richest persons in the world.
Forbes latest report also reveals Dangote who currently holds the 124th position of the wealthiest man in the world recorded an improvement to an estimated networth of $14.2bn from last year’s $12.1bn
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In a statement entitled, ‘Forbes 2023 Index: Dangote Still Africa’s richest for 12th consecutive year’ Dangote who owns Africa’s largest Cement producing company, Dangote Cement Plc, was said to be the only Nigerian in the top 200 wealthiest persons of the world.
The billionaire businessman was reported to have recorded the feat on Monday, following the bullish demand for Dangote Cement stocks. The statement reads as thus:
“ 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 $11.1bn.
“The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Camerootn, and import and distribution facilities in Ghana and Sierra Leone.”
According to Legitng, Bloomberg also reported in its Billionaire index that Dangote earned a whopping N613,3 billion on Tuesday and has stepped up 22 places from 122 he had occupied weeks earlier. “Bloomberg estimates Dangote’s net worth to be about $16.9 billion, gaining close to $2 billion in the last 14 days” it said.
