Bloomberg Ranks Dangote Africa’s Richest Man

The President of Dangote Group, Aliko Dangote, has maintained his position as Africa’s richest man, despite a fluctuating Nigerian currency against the dollar, according to the Bloomberg Billionaires Index.

Dangote’s wealth was valued at an impressive $15.6 billion in the recently released daily top billionaire lists on Tuesday, placing him at the pinnacle of African billionaires on the Index.

Ellon Musk and Bernard Arnault are the first and second richest people in the world, with fortunes totalling $219 billion and $194 billion, respectively. Jeff Bezos comes in third with $151 billion, followed by Microsoft CEO Bill Gates with $130 billion, and Larry Ellison comes in fifth with a net worth of $130 billion.

Despite the volatility of the Nigerian currency, Dangote’s consistent ranking as Africa’s richest person reflects his successful business ventures and investments in a variety of sectors.

Only five other Africans made the most recent list of the world’s top 500 billionaires for the year 2023. They include South Africans Johann Rupert and his family, who have a net worth of $13.3 billion, Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, who have respective fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion.