Elon Musk Buys Twitter, Dangote Jumps to 72nd Position as World’s Richest Man

Elon Musk Buys Twitter, Dangote Jumps to 72nd Position as World’s Richest Man

  • Africa's richest man, Aliko Dangote is now placed as the 72nd richest man in the world with a net worth of $20.4 billion
  • The Nigerian billionaire leapt 26 places after his fertilizer plant, commissioned in March boosted his wealth
  • He displaced several Russian Oligarchs like Roman Abramovic and others to sit atop the first 100 richest persons in the world

Aliko Dangote, President of Dangote Group, has leapt 26 places to emerge as the 72nd richest man in the world, according to the latest data from Bloomberg’s Billionaires’ Index.

His wealth is now estimated to be worth over $20.4 billion, the data says.

Dangote, Elon Musk, Dangote Cement, Dangote Fertiizer
Aliko Dangote now 72nd richest man in the world Credit: Pius Utomi
Source: UGC

Africa’s richest man has maintained the top spot in the continent for eleven years in a row. He is the only African billionaire to make the 100 lists of the 500 richest people in the world.

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Dangote's source of wealth

His wealth is believed to come from his 86 per cent share in Dangote Cement.

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Bloomberg says the Kano-born billionaire ranked 97th richest person in the world in January 2022, with a net worth of $19.2 billion.

Overtakes several Russian billionaires

He overtook Russian billionaire and owner of Chelsea Football Club, Roman Abramovich, now ranked 132nd richest man on the list.

Dangote commissioned Dangote Fertilizer Plant in March which is estimated at $2.5 billion, with three million metric tones production capacity of urea per year.

It is believed that the net value of the fertilizer plant may have boosted his net worth, placing him in the 72nd position.

His fortune has continued to climb since April 2022 with reports from Bloomberg saying that his wealth is now about $20.4 million troy ounces of gold.

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Billionaires line up to buy Chelsea FC after Abramovic ouster

Recall that Legit.ng has reported that the beleaguered Chelsea Football Club is set to have new suitors, this time the owners of Chicago Cubs and Ken Griffin, a billionaire and hedge fund tycoon.

According to Sky News, the Ricketts family and Griffin have created an investment group that will present a proper offer for the European Champions on Friday, March 19, 2022.

This will be announced on Wednesday and will present a tough competitor to other bidders as Roman Abramovich hands-off Chelsea after 19 years as owner of the club.

Source: Legit.ng

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