Dangote Becomes 64th World’s Richest Man

Aliko Dangote has emerged as 64th richest person in the world, with an estimated worth of $16.6 billion, as against his previous ranking of 103rd 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, as released by Bloomberg in its yearly billionaires list.

The index also revealed that Dangote’s net worth increased by 23% from $13.5bn on February 26, 2018, to $16.6bn

He was once the World’s 23rd richest man with a net worth of $25 billion in 2014.

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

There are only five Africans on the Bloomberg list of the world’s top 500 billionaires, with Dangote topping the group.

The other four Africans include Nicky Oppenheimer of South Africa, who was ranked No. 216 with an estimated worth of $7.05 billion; Johann Rupert of South Africa (ranked No. 225 with an estimated worth of $6.92billion; Natie Kash of South Africa ranked No. 263 with an estimated worth of $6.10billion and Naguib Sawiris of Egypt ranked No. 331 with an estimated fortune of $5.12billion.

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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