The President of Dangote Group of companies, Aliko Dangote rose to 64th, the ranking of the richest people in the world, after he gained $5.8bn within 24 hours, causing his total net worth to rise to $16.6bn on Tuesday.
This was confirmed by Bloomberg’s Billionaires Index, a ranking of the world’s 500 richest people, the Index showed that Dangote’s 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.
It further revealed that Dangote’s net worth increased by 23 per cent from $13.5bn on February 26, 2018, to $16.6bn, emerging 64th richest person in the world.
According to the list, Dangote’s wealth rose by 58 per cent so far this year, making him the second biggest mover after Andrew Forrest, founder and largest shareholder of Fortescue Metals Group, the world’s fourth-largest iron ore producer, whose wealth grew by 59 per cent.
Dangote was the only Nigerian on Bloomberg’s list of 500 billionaires and retained his position as Africa’s richest person.