Business Inside Nigeria

Aliko Dangote Now World’s 72nd Richest Person -Bloomberg Billionaires Index Shows

ben2 April 25, 2022

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President of Dangote Group, Aliko Dangote, has emerged as the 72nd richest person in the world with an estimated net worth of $20.4 billion, according to the latest data on Bloomberg’s billionaires’ index.

The Nigerian billionaire was ranked the 97th richest person in the world back in January.
The majority of Dangote’s fortune is derived from his 86% stake in publicly-traded Dangote Cement.
Plant – the world-class fertiliser plant estimated at $2.5 billion, with the capacity to produce 3 million metric tonnes (mt) of urea yearly. The addition of the net value of the Lagos-based fertilizer plant to Dangote’s personal wealth is said to have pushed his net worth above $20 billion, making him the world’s 72nd richest man.

As of April 2022, Dangote’s fortune has been on an upward trajectory with Bloomberg reporting that his net worth of $20.4B can buy 10.6 million troy ounces of gold