The president of Dangote Group, Aliko Dangote’s wealth has recorded a growth of $20.7 million as at June 30, 2023.
The wealth was grown through investments in the industrial sector.
With this, Dangote has kept his spot as Africa’s richest man for the 12th consecutive year.
According to the latest Bloomberg Billionaires Index, the business mogul remains the richest man in Africa, despite the volatility of the Nigerian naira against the dollar.
In the billionaire listing released on Friday, Dangote, with a wealth of $15.6 billion, topped other Africans on the index.
This means Dangote’s wealth increased by 4 percent compared to his net worth valued at almost $15 billion in 2020, when he moved from 103rd position on the billionaire index to 63.
According to the index, Dangote is currently the 111th person and the only Nigerian on the list of the top 500 billionaires.
It was recently reported that Dangote lost $3.12 billion following Nigeria’s decision to float the local currency and unify its exchange rate system.
Other Africans listed in the latest top 500 world billionaires index for the year 2023 include; Johann Rupert and family (South Africa, $13.3 billion), Nicky Oppenheimer (South Africa, $9.0 billion), Nassef Sawiris (Egypt, $7.47 billion), Natie Kirsh (South Africa, $7.37billion) and Naguib Sawiris (Egypt, $5.93 billion).
