Africa’s richest man, Aliko Dangote has joined the $30 billion club with his financial worth hitting $30 billion as of Oct. 23, a $2.16 billion gain since the beginning of the year.
Bloomberg’s Billionaires, Index and Business Insider shows that Dangote’s wealth recently grew by another $430 million, pushing him over the coveted $30 billion threshold. Just a few weeks ago, his fortune stood at $29.6 billion, and as of yesterday, he was only $200 million short of reaching that figure.
Nigerian businssman began his business journey with the Dangote Group, a small trading firm that imported sugar, salt, and other food products. In 1981, he expanded his ventures by founding Dangote Nigeria Limited and Blue Star Services, both specializing in the importation of rice, steel, and aluminum.
He later launched Dangote Cement, which today generates roughly $3.7 billion in annual revenue. His Dangote Sugar Refinery is among the largest sugar producers in Nigeria and across the continent.
Dangote’s latest financial surge coincides with the opening of a $160 million cement facility in Attingué, Côte d’Ivoire, located roughly 30 kilometers north of Abidjan.
The sprawling 50-hectare site boasts a production capacity of three million metric tonnes annually, making it one
Dangote’s latest financial surge coincides with the opening of a $160 million cement facility in Attingué, Côte d’Ivoire, located roughly 30 kilometers north of Abidja
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