Dangote Remain African Richest Man For Eleventh Year

Dangote Remain African Richest Man For 11th Year
Dangote Remain African Richest Man For 11th Year
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Billionaire businessman, Aliko Dangote, has been named the richest man in Africa for the eleventh 12 months in a row.

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Forbes journal in its 2022 record of Africa’s richest individuals, disclosed that Dangote’s wealth jumped from $12.1 billion final 12 months to an estimated $13.9 billion.

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The journal attributed the expansion to a 30% improvement within the inventory value of Dangote Cement, his most dear asset.

Additionally on the record are Abdulsamad Rabiu and Mike Adenuga, who ranked fifth and sixth richest individuals on the continent with estimated values of $7 billion and $6.7 billion respectively.

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Based on the report, Africa’s billionaires had been richer than they had been in years, regardless of the worldwide pandemic. As a bunch, the continent’s 18 billionaires had been priced an estimated $84.9 billion a 15 p.c improve from twelve months in the past and probably the most since 2014.

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