Aliko Dangote Bounces Back, Jumps 6 Places in Billionaire List After Making Over N14bn in a Day

Aliko Dangote Bounces Back, Jumps 6 Places in Billionaire List After Making Over N14bn in a Day

  • Aliko Dangote, Africa's richest man, has once again demonstrated he is the man with Midas touch
  • Dangote bounced back from a recent loss in fortune to generate nearly N14 billion on Monday
  • His newfound money has propelled him to the 73rd position on the world billionaire list

Africa's richest man, Aliko Dangote, has bounced back from the huge losses that saw over N300 billion wiped off his wealth in 8 hours.

On Monday, 22 August 2022, Bloomberg reports that Dangote's wealth jumped by $34.8 million, which is over N14.9 billion when exchanged at N430 to a dollar.

Dangote's latest surge in fortune has moved him six places to sit at 73rd among the world's most powerful billionaires.

Dangote wealth jumps by over 14 billion in 8 hours
Movement of Dangote's wealth in one week. Credit: Bloomberg
Source: Facebook

According to Bloomberg, Dangote's total networth is now at $19.6 billion on Monday, and he has so far, in 2022, made $537 million.

Read also

94-year-old Chinese man emerges world’s richest real estate agent

PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app!

Dangote's wealth widens to closest rivals in Africa

Other Africans on the Bloomberg 500 billionaire list include Johann Rupert and family, Nicky Oppenheimer and Natie Kirsh, both from South Africa, and Nassef Sawiris, an Egyptian billionaire.

According to Bloomberg, Johann Rupert, Africa's second richest man, is worth $9.47 billion and ranks 209th in the world, 130 places behind Dangote.

Most of Rupert's fortune is derived from Cie Financiere Richemont, a publicly traded luxury goods manufacturer and retailer and the world's largest luxury watchmaker.

Other richest men from Africa are:

  • Nicky Oppenheimer(South Africa)- $8.28 billion
  • Natie Kirsh(South Africa)- $8.04 billion
  • Nassef Sawiris(Egypt)- $6.87 billion

Aliko Dangote to earn a whopping N293bn as dividend as his cement company

Meanwhile, reported that Aliko Dangote, Africa's richest man, is set to earn a whopping N293 billion in dividends from his interests in Dangote Cement for the fiscal year ending 2021.

Read also

Elon Musk leads the list of world’s highest paid CEOs in 2021

Aliko Dangote is the single majority shareholder of Dangote Cement Plc and one of his most profitable asset classes.

According to the financial statement filed to the Nigerian Exchange on Monday, February 28 2022, Aliko Dangote has direct ownership of 27,642,637 units and indirect investment of 14,621,387,610, which sums up to 14.65 billion ordinary shares.


Online view pixel