Africa’s richest man, Aliko Dangote has become the only Nigerian on Bloomberg’s top billionaires’ lists.
Gatekeepers News reports that Dangote has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion, making him the only Nigerian in Bloomberg’s yearly top billionaire lists.
Three South Africans also made the list, are: Johann Rupert and family, worth $10.1 billion; Nicky Oppenheimer with a worth of $7.80 billion and Natie Kirsh who is reputed to worth $7.15 billion.
Nassef Sawiris from Egypt is also among African billionaires with a worth of $6.93 billion.
Dangote, who maintained his status as the richest man in Africa for the 8th year running, made the list of the top 120 billionaires, as released on Monday by Bloomberg in its yearly billionaires’ list.
Meanwhile, Ellon Musk and Jeff Bezos are currently the richest in the world with $194 billion in their respective stakes while Bernard Arnault followed with $174 billion and Bill Gates – $148 billion. Mark Zuckerberg appeared as the fifth richest with $135 billion on the world’s billionaires chart.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Bloomberg News while calculating net worth, strives to provide the most transparent calculations available, and each billionaire profile contains a detailed analysis of how that person’s fortune is tallied.
The index is a dynamic measure of personal wealth based on changes in markets, the economy, and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.
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Dangote improved worth of $17.8 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nigeria-based company which owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, also has interests in sugar, salt, fertiliser, and packaged foods.
Recently, Richtopia named him the sixth most charitable man in the World. Richtopia is a digital periodical that covers business, economics, and financial news, based in the United Kingdom.
This recognition followed his endowment of his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.
Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.
Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor.
The primary focus of the Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.
