Dangote Holds On To Africa’s Wealthiest Title Despite Currency Fluctuations
Dangote’s net worth has risen to $15.6 billion, placing him atop the list of African billionaires.
By Omotayo Olutekunbi
In a recent Bloomberg Billionaires Index release, Aliko Dangote, President of Dangote Group, confirmed his position as Africa’s wealthiest man, unafraid of the volatility of the Nigerian naira versus the dollar.
In the most recent daily rankings, Dangote has claimed the top place among African billionaires worth $15.6 billion.
On a worldwide scale, Elon Musk and Bernard Arnault are the world’s richest persons, with fortunes totaling $219 billion and $194 billion, respectively. Jeff Bezos comes in third place with a net worth of $151 billion. Microsoft CEO Bill Gates and Oracle CEO Larry Ellison are ranked fourth and fifth, respectively, with a combined net worth of $130 billion.
Despite changes in the Nigerian currency, Dangote’s unchanging reputation as Africa’s richest man is credited to his diverse investments across numerous industries.
Furthermore, just five additional African billionaires have secured a coveted spot on the world’s top 500 billionaires for 2023. South African Johann Rupert and his family are the wealthiest, with a net worth of $13.3 billion. Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris are close behind with fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion, respectively.
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