Dangote Remains Africa’s Richest Man as Bloomberg Releases Billionaires’ List

Aliko Dangote, the President of Dangote Group, has maintained his status as Africa’s richest man, defying the fluctuations in the Nigerian currency against the dollar, as confirmed by the recently published Bloomberg Billionaires Index.

PulseNets reports that with an impressive valuation of $15.6 billion, Dangote secures the top spot among African billionaires in the latest daily rankings.

At the global level, Elon Musk and Bernard Arnault hold the positions of the world’s wealthiest individuals, amassing fortunes totalling $219 billion and $194 billion, respectively. Jeff Bezos follows in third place with $151 billion, while Microsoft CEO Bill Gates and Larry Ellison claim the fourth and fifth positions, both possessing a net worth of $130 billion.

Despite the Nigerian currency’s volatility, Dangote’s unwavering status as Africa’s wealthiest individual is a testament to his diversified investments across various sectors.

Also Read: Dangote loses Africa’s richest man position

Furthermore, only five other African billionaires managed to secure a place on the esteemed list of the world’s top 500 billionaires for 2023. South Africans Johann Rupert and his family lead the pack with a net worth of $13.3 billion, closely trailed by Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, with respective fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion.