Business
Aliko Dangote is still the richest black man – net worth: $16.1 billion
Aliko Dangote, President and Chief Executive of Nigeria’s Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. PHOTO/Mike Hutchings/REUTERS
Aliko Dangote is still Africa’s richest man – and by extension the richest black man, globally.
He is US$4.9 billion richer than he was last year on account of the rising value of his publicly-listed holdings in Nigerian blue chips like Dangote Cement, Dangote Sugar, National Salt Company of Nigeria and Zenith Bank among others – totalling a net worth of US$16.1 billion.
Mr. Dangote started building his fortune over thirty years ago by trading in commodities like cement, flour and sugar but became a billionaire by manufacturing these items. He is also a philanthropist and has given away over US$100 million to causes in health, education, flood relief and poverty alleviation.
Read more: Forbes Magazine