Dangote Jumps 29 Places in World Rich List, Now 2x Richer, 150 Places Above Closest Rival in Africa

Dangote Jumps 29 Places in World Rich List, Now 2x Richer, 150 Places Above Closest Rival in Africa

  • Dangote's position among the richest men in the world is increasing as most billionaires around him lose their wealth due to the Russia-Ukraine war
  • Since the start of the year 2022, Dangote has jumped 29 places in Bloomberg's billionaire rich index
  • Dangote's wealth which currently stands at $20.1 billion, is now twice as much as South African Billionaire and second richest man in Africa's $9.47 billion

Africa's richest man and president of Dangote Group, Aliko Dangote, as of Wednesday, 9th March 2022 is now the 71st richest person in the world as against his previous ranking of 100th he opened the year 2022.

His wealth is at $20.1 billion, having amassed $914 million(N380bn), according to Bloomberg's billionaires' index.

South African billionaire Johann Rupert sits at 221 positions in the billionaire list with a net wealth of $9 billion two times lesser than Dangote's.

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Dangote Jumps 29 Places In World Rich List, Now 2x Richer, 150 Places Above Its Closest Rival In Africa
Dangote's wealth movement chat Credit: Bloomberg
Source: Facebook

Rupert has lost over $1 billion since the Ukraine-Russia war began. Due to challenges in the luxury goods markets.

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At one point in 2022, Rupert's wealth accelerated so fast while Dangote's wealth was declining, which led many analysts to believe that there could be a change of guard by the end of 2022.

More wealth for Dangote

The wealth of Dangote is expected to grow even higher in the coming months as he completes the refinery located in Lagos.

The refinery will add to his list of investments, including Dangote Cement, Sugar, Nascon Allied Industries, and a stake in the United Bank for Africa.

Dangote Industries also owns closely held businesses operating in food manufacturing, fertilizer, oil and other industries.

Other names of Africans in Bloomberg 500 rich list and worth

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In 2022, Elon Musk lost three times the Net worth of Dangote, Africa’s richest man

  • 241- Nicky Oppenheimer ($8.78bn)
  • 451- Nassef Sawiris ($5.57bn)
  • 490- Naguib Sawiris ($5.22bn)

More record

Meanwhile, according to Bloomberg, Dangote is now almost two times richer than Chelsea's owner Roman Abramovich, who sits at 129 places with a wealth of $13.6 billion.

Business leaders of post-independence Nigeria

Aliko Dangote is one of the most vital businessmen in Nigeria post-independence, as the cement mogul has established several companies creating jobs for Nigeria.

In a list compiled by Legit.ng, Dangote was mentioned alongside other notable businesspeople such as Folorunsho Alakija, Rabiu Abdulsamad, Mike Adenuga and Obi Cubana.

They have changed the face of business in Nigeria, ending the era of kola nut and groundnut being the key to success in creating other revenue potential enterprises.

Source: Legit.ng

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