Dangote makes $2.25bn in one year, becomes first African man to worth $30bn

Africa’s richest man, Aliko Dangote, has reached an unprecedented milestone with a net worth of $30.2 billion, according to the latest Bloomberg Billionaires Index

The figure reflects an increase of $2.25 billion year-to-date (8%), supported by gains in his cement, oil, and fertilizer businesses. 

The Bloomberg data also shows that Dangote’s wealth rose by $89.2 million in the past 24 hours, cementing his position as the 75th richest person in the world.

Globally, Dangote now stands alongside other industrial magnates such as Gina Rinehart, Eyal Ofer, and Hasso Plattner, each commanding fortunes around the $30 billion mark.

Dangote’s fortune is driven largely by the performance of Dangote Cement Plc, the expansion of Dangote Refinery, and his group’s diversified industrial portfolio across Africa.

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