Yesterday Forbes revealed that Aliko Dangote (Africa’s Wealthiest Man) now sits atop a $20 Billion fortune, thanks to the rise of the stock value of his largest holding, Dangote Cement in the last few months.
What this means is that Dangote is now one of the top 25 richest people in the entire world! He is richer than Russia’s richest man, Alisher Usmanov, richer than India’s Lakshmi Mittal and catching up to Google’s billionaire founders Larry Page and Sergey Brin.
Gaddem! Sir can I get some of your billions? 5 Million dollars will be enough for me. 🙂
Aliko Dangote’s 93% stake in the cement company is now worth $19.5 billion. Add this to his controlling stakes in other publicly-listed companies like Dangote Sugar and National Salt Company of Nigeria and his significant shareholdings in other blue-chips like Zenith Bank, UBA Group and Dangote Flour; his extensive real estate portfolio, jets, yachts and current cash position, which includes more than $300 million in recently awarded Dangote Cement dividends, Dangote is now worth more than $20 billion.