- Nigerian businessman, Aliko Dangote, becomes $4.3 billion richer following investments in cement, flour and sugar
- Bloomberg reports that Dangote, who is reputed as Africa’s richest man, climbed to a net worth of almost $15 billion in 2019
- The report states that the business man is now the 96th wealthiest man in the world
Nigerian businessman, Aliko Dangote became $4.3 billion richer in 2019 following investments in cement, flour and sugar.
Bloomberg reports that Dangote, who is reputed as Africa’s richest man, climbed to a net worth of almost $15 billion in 2019.
With the current rise of his fortune, the business man became the 96th wealthiest man in the world, according to the Bloomberg Billionaires Index.
The 62-year-old billionaire was born into a wealthy family of prominent traders in Kano. At a relatively young age of 21, Dangote incorporated his own cement business. He has since diversified into manufacturing of different goods, spreading his tentacles across the African continent.
One of his numerous companies is the Dangote Cement Plc, a Nigerian multinational publicly traded cement manufacturer headquartered in Lagos.
The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria and has plants or import terminals in about nine other African countries.
Meanwhile, Aliko Dangote has given an assurance that the Oshodi Oworonshoki expressway which is currently under reconstruction will be one of the best roads in Africa when completed.
Channels TV reports that Aliko said this when he went on an inspection tour of the road project which is being handled by Dangote Group.
He said the construction work is going on day and night, adding there is the need to complete the project on time to address the gridlock around the Apapa port.
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