Fidelity bank card banner Camano banner
Dangote emerges the only black billionaire among the world’s 50 richest people

By News Express on 01/02/2016

Views: 2,397

Pan-African investor, AlhajiAliko Dangote, has emerged as the only black billionaire among the world’s 50 richest people.

The Nigerian serial investor, Founder and President of Dangote Group, presently commands a fortune of $14.3 billion, according to a rating released today by Business Insider.

“There’s only one person in all of Africa who makes the list of the 50 richest people on earth: Nigerian businessman Aliko Dangote. When our ranking was released, Dangote’s net worth stood at $14.3 billion, equal to 2.5% of Nigeria’s GDP,” Business Insider said.

“Dangote tied for 49th on our ranking of the world’s 50 richest people – produced with Wealth-X, a company that conducts research on the superwealthy – and is the only black person to make the list,” the paper said in an online article.

Dangote began business as a petty trader in his native Kano in Nigeria’s North-West bt has since metamorphosed into a manufacturing giant. The bulk of his wealth stems from a more than 90% stake in Dangote Cement, his $2.4 billion in sales company that’s publicly traded on the Nigerian Stock Exchange.

Dangote’s business interests span several African countries. He owns cement plants in Zambia, Senegal, Tanzania, and South Africa. In 2011, the commodities baron invested $4 billion to build a facility on the Ivory Coast.

Dangote, who has been CEO and president of Dangote Group for 35 years, is also an active philanthropist. As chairman of The Dangote Foundation, he oversees several education, agriculture, and health initiatives, including a $12,000-per-day food program for the undernourished.

•Photo shows Aliko Dangote.

Source News Express

Posted 01/02/2016 7:49:02 PM





You may also like...
Nigerian businesses worried about changes in legislation and...

Cloudy weather to prevail on Thursday — NiMET...

My life is in danger, Obi’s aide cries...

PDP will bounce back to power — Gov....

Gowon identifies cause of Nigeria’s under-development

‘Team Obiano’ holds retreat, maps out strategies to...

Boko Haram destroys Borno power station

Youths applaud appointment of Diette-Spiff to lead Niger...

Minister assures small scale entrepreneurs of FG’s support...

Africa world’s next big growth market: McKinsey

Nigerian Army detention facilities meet global standard: Red...

Senate screens ambassadorial nominees in the dark •Confirms...


Latest News Cultists on rampage in Lagos Drama as Atiku’s witness weeps at election tribunal African spymasters storm Abuja, establish database to track terrorist fighters across continent Ruga: Abia Govt. scrutinises land sales above 5 hectares UNIJOS unveils world’s first anti-snake vaccine 7 suspected cultists face robbery, assault charge Don’t obey Northern Elders’ order to quit South, Buhari tells Fulani herdsmen Police restrict protests to only one location in Abuja Why we are giving appointments in batches — Okowa •Swears-in 8 Special Advisers Ekiti expends N3.9bn on pensions Fish out Funke Olakunrin’s killers without delay — Classmates Kidnapping, robbery: Police arrests 53 suspects in Abia


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (508,714 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,158 views) Shameless Genevieve Nnaji exposes breasts in public (372,979 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,474 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,056 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (246,986 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (238,867 views) 10 cars more expensive than Jets (222,637 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (220,915 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,456 views) Lagos plane crash: Journalist releases victims’ names (188,148 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,784 views)


NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (96) Business & Economy (4,354) Business Verdict (76) Columnists (1,070) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (778) Global Business Monitor (395) ICT Monitor (53) International (3,719) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (338) News (48,745) Opinion (1,290) Pidgin (17) Politics (11,164) Religion (1,050) Sports (2,098) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera