Aliko Dangote remains the first richest man in Africa and the 75th in the world, with a net worth of $16.4B according to Bloomberg Billionaire Index as of july 10, 2019.
The 62 year old billionaire industrialist in the last one year added another $6 billion to his wealth, maintaining his wealth status on the African soil at $16.4 billion as of today July 10, 2019.
According to the Bloomberg Billionaire Index, the Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of 805.6 billion naira ($2.4 billion) in 2017. It also has interests in sugar, salt, flour, fertilizer and packaged food.
Other Africans on the billionaires on the Bloomberg Billionaires Index for world’s 500 richest people include Natie Kirsh (South Africa) and Johann Rupert (South Africa). The Bloomberg Billionaires Index ranks of the world’s richest people daily using their net worth and their daily business stock activities.
Last year, the billionaire businessman had said that he wants to become the biggest philanthropist in Africa, asides being the continent’s richest man. He said the motivation gave birth to Aliko Dangote Foundation, on whose platform more than N2 billion had been disbursed across states.