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Dangote Still Richest Man In Africa — New Report Reveals

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Aliko Dangote, the president of Dangote Group, remains the richest man in Africa despite the volatility of the Nigerian naira against the dollar, the Bloomberg Billionaires Index revealed.

The business mogul also added $20.7 million to his wealth as of June 30, 2023, through investments in the industrial sector, cementing his spot as Africa’s richest man.

In the billionaire listing released on Friday, Dangote, with a wealth of $15.6 billion, topped other Africans on the index.

This means Dangote’s wealth increased by 4 percent compared to his net worth valued at almost $15 billion in 2020, when he moved from the 103rd position on the billionaire index to 63.

The serial investor has been the richest man in Africa for the 12th year running.

According to the index, Dangote is currently the 111th person and the only Nigerian on the list of the top 500 billionaires.