Bloomberg ranks Dangote Africa’s richest man, Bill Gates 4th in world

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Bloomberg ranks Dangote Africa’s richest man, Bill Gates 4th in world

President of Dangote Group, Aliko Dangote, has maintained his position as Africa’s richest man, despite a fluctuating Nigerian currency against the dollar, according to the Bloomberg Billionaires Index.

Dangote’s wealth was valued at an impressive $15.6 billion in the recently released daily top billionaire lists on Tuesday, placing him at the pinnacle of African billionaires on the Index.

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Ellon Musk and Bernard Arnault are the first and second richest people in the world, with fortunes totalling $219 billion and $194 billion, respectively. Jeff Bezos comes in third with $151 billion, followed by Microsoft CEO Bill Gates with $130 billion, and Larry Ellison comes in fifth with a net worth of $130 billion.

Despite the volatility of the Nigerian currency, Dangote’s consistent ranking as Africa’s richest person reflects his successful business ventures and investments in a variety of sectors.

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Only five other Africans made the most recent list of the world’s top 500 billionaires for the year 2023. They include 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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