Dangote Retains Africa’s Richest Person With $13.9bn Value

Dangote Retains Africa’s Richest Person With $13.9bn Value

1/26/2022 10:47:00 AM

Dangote Retains Africa’s Richest Person With $13.9bn Value

For the 11th year in a row, the president of Dangote Industries Limited, Aliko Dangote retained the continent’s richest person, worth an estimated $13.9 For the 11th year in a row, the president of Dangote Industries Limited, Aliko Dangote retained the continent’s richest person, worth an estimated $13.9 billion.

ADVERTISEMENTIt noted further that, “Strive Masiyiwa of Zimbabwe became the biggest gainer in percentage terms, up by 125 per cent worth $2.7 billion, up from $1.2 billion last year. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750 per cent in the past year, helping to drive up the size of his fortune.

“The chairman of BUA Group, Abdulsamad Rabiu becomes another gainer, who is $1.5 billion richer after taking yet another of his companies public. In early January 2022, Rabiu listed his sugar and food firm, BUA Foods on the Nigerian Exchange.”The report pointed out that, “only two of the 18 billionaires are worth less than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion as the share prices of consumer Internet firms Naspers and Prosus fell more than 20 per cent each, and Mohammed Dewji of Tanzania, whose fortune declined to an estimated $1.5 billion from $1.6 billion a year ago due to lower multiples for publicly traded competitors.

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Dangote tops Forbes' 2022 Africa Richest People listDangote’s wealth is now an estimated $13.9 billion, while two other Nigerians – Abdulsamad Rabiu and Mike Adenuga – ranked 6th and 7th richest in Africa with estimated values of $7bn and $6.7bn, respectively. Dangote AbdulsamadRabiu MikeAdenuga Nigeria And how has this helped Nigeria? This needs to be fact checked, he recently completed a refinery haven spent $19.5bn….how then can it be reported now that he is worth $13bn. It doesn’t add up

Dangote, Rabiu, Adenuga make Forbes' Africa richest people listThe Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has been named the richest man in Africa for the 11th year in a row by Forbes. My name will be there one day The young shall grow not in my country What of Alakija? She's not on the list

Dangote’s Petrochemicals, Fertiliser Plant To Accelerate Africa’s Economic GrowthPresident of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised Na lie don't monopolize that as well Will this bring fuel price to N65 per litre? Am sure the answer is NO!

PHOTOS: Nine injured as train crushes truck, tricycle in Kano - OfficialFRSC says the accident involved the train, a Dangote truck loaded with cement and a tricycle.

BREAKING: CBN retains lending rate at 11.5%The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. Banks don't even give out loans to SME's. Only people like Dangote, Otedola, Arthur get these loans It is still too high and not attractive. It's still high in my opinion,that's why mortgage loans in Nigerians is a no go area.

Dangote Cement Capitalisation Rises To N4.8trn In 3 WeeksDangote Cement Plc market capitalisation rose to N4.855 trillion in three weeks following its share buy-back programme. The company’s capitalisation on

Similarly, the report said, South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks number three, and worth an estimated $8.7 billion. ADVERTISEMENT It noted further that, “Strive Masiyiwa of Zimbabwe became the biggest gainer in percentage terms, up by 125 per cent worth $2.7 billion, up from $1.2 billion last year. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750 per cent in the past year, helping to drive up the size of his fortune. “The chairman of BUA Group, Abdulsamad Rabiu becomes another gainer, who is $1.5 billion richer after taking yet another of his companies public. In early January 2022, Rabiu listed his sugar and food firm, BUA Foods on the Nigerian Exchange.” The report pointed out that, “only two of the 18 billionaires are worth less than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion as the share prices of consumer Internet firms Naspers and Prosus fell more than 20 per cent each, and Mohammed Dewji of Tanzania, whose fortune declined to an estimated $1.5 billion from $1.6 billion a year ago due to lower multiples for publicly traded competitors. “The 18 billionaires from Africa, none of whom are new to the ranks, hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. All of the continent’s billionaires are men; the last woman to appear in the ranks, Isabel dos Santos of Angola, fell off the Forbes list in January 2021. It explained that “our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. Net worths, it stressed, were calculated using stock prices and currency exchange rates from the close of business on January 19, 2022, adding that, “to value privately held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks-or days-of our measurement date.” ADVERTISEMENT