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Dangote becomes 64th richest man in the world

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Aliko Dangote



Billionaire businessman and owner of the Dangote Group, Aliko Dangote, has been listed as the 64th richest person in the world.

Bloomberg Billionaires Index, a ranking of the world’s 500 richest people, showed that his wealth fell from $10.5bn at the end of last year to a low of $9.63bn on January 1, 2019. But it grew to $10.8bn on Monday, February 25.

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The index also revealed that his net worth increased by 23 per cent from $13.5bn on February 26, 2018, to $16.6bn, emerging 64th richest person in the world.

Dangote, who remains the richest man in Africa for the 8th year running, was the only Nigerian on the list of the top 500 billionaires and retained his position as Africa’s richest person.

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Other Africans on the list were Nicky Oppenheimer of South Africa, who was ranked 216th with a net worth of $7.05bn; Johann Rupert of South Africa (ranked 225th with $6.92bn wealth); Nassef Sawiris of Egypt occupied the 228th position with $6.83bn; Natie Kirsh of South Africa (ranked 263rd with a net worth of $6.10bn) and Naguib Sawiris of Egypt emerged 331st with a fortune of $5.12bn.

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Amazon CEO, Jeff Bezos, remains the richest in the world with $136billion, while Bill Gates and Warren Buffett followed as second and third respectively with $98.4 billion and $83 billion.

The fifth and last African on the list of 500 HNW individuals was Naguib Sawiris of Egypt, ranked No. 331 with an estimated fortune of $5.12billion.

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