Up, Up He Goes! Dangote Maintains Domination As He Remains Only African Billionaire in Top 100 rich list

The man, Aliko Dangote is ultimately set for world dominance, that much can be notices given his consistency within Nigeria’s business space as well as his future plans.

Aliko Dangote who is Africa’s wealthiest man is the only African billionaire among the world’s 100 richest individuals.

Dangote’s business interests include sugar, cement, salt, flour, pasta, beverages, and real estate, with new multi-billion dollar projects underway in the oil and gas, petrochemical, fertilizer and agricultural sectors of the economy.

The Dangote Group prides itself as a diversified and fully integrated conglomerate, with an annual group turnover in excess of $4.1 Billion which began in 1978 with the sole aim according to the group of providing local, value-added products and services that meet the basic needs of the populace.

The Group currently has operations in 16 other African countries.

According to the Bloomberg Billionaire Index rating, Dangote is the 75th richest man in the world for 2019.

In the last one year, Dangote has added another $6 billion to his wealth, maintaining his wealth status on the African soil at $6.5 billion as of July 5, 2019.

His oil refinery which is presently under construction and scheduled to commence operation possibly in another year is expected to produce 50,000,000 litres (13,000,000 US gal) of gasoline and 17,000,000 litres (4,500,000 US gal) of diesel daily, as well as aviation fuel and plastic products.

Put into context, his wealth is more than the combined wealth of the two richest billionaires in Egypt, Nassef Sawiris ( $7 billion) and Naguib Sawiris ($5.19 billion).

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.

He is currently recognised as the sixth most charitable man in the world, according to Richtopia, a United Kingdom-based digital platform.

Richtopia used Kred scores (Kred Influence Measurement) – a platform that attempts to measure online social influence based upon an openly published algorithm – to determine charitable people on Earth.

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