• Business - Entrepreneurship
  • Updated: June 30, 2023

Dangote Maintains Position As Africa's Richest Man In Bloomberg Ranking

Dangote Maintains Position As Africa's Richest Man In Bloomb

Aliko Dangote remains unshaken in his position as Africa's richest man amid the fluctuation of the naira against the dollar, according to Bloomberg's latest ranking.

Per the information, the Dangote Group President's wealth was valued at $15.6 billion in the recently released list of the world's top billionaires.

Tesla boss Elon Musk and Bernard Arnault currently occupy the first and second positions among the world's richest people, with total fortunes of $219 billion and $194 billion, respectively.

Amazon CEO Jeff Bezos is placed third with $151 billion, followed by Microsoft CEO Bill Gates with $130 billion.

Larry Ellison comes in fifth with a net worth of $130 billion.

Dangote's place at the pinnacle of African billionaires on the Index is tied to his successful business ventures and investments in a variety of sectors.

According to Bloomberg, only five other Africans made the most recent list of the world’s top 500 billionaires for the year 2023. 

They are South Africans Johann Rupert and his family, who have a net worth of $13.3 billion, Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, who have respective fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion.

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