Dangote’s Wealth Rises By $104m, As Musk Remains World’s Richest Man

Dangote’s Wealth Rises By $104m, As Musk Remains World’s Richest Man

9/24/2021 7:55:00 AM

Dangote’s Wealth Rises By $104m, As Musk Remains World’s Richest Man

Chairman of Dangote Group, an industrial conglomerate and the wealthiest person in Africa, Aliko Dangote’s wealth has increased by $104 million,

Dangote maintained his lead on the continent as the richest African man, ranking number 109th in the world.The chart is led by United States based Elon Musk who maintained the world’s richest person with a net worth of $203 billion. His wealth increased by $33.7 billion within the last one year.

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Musk is the chief executive officer of Tesla, a maker of electric vehicles. The Palo Alto, California-based company sells sedans, sport utility vehicles, and is the state’s largest automotive employer. He’s also the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station.

Musk is followed by another United States billionaire, Jeff Bezos who took the second position with $196 billion by having his wealth increased by $5.30 billion; while Bernard Arnault and Bill Gates are on the third and forth positions respectively with $161 billion and $134 billion net value in that order. headtopics.com

Bezos is the founder of both Amazon, the world’s largest retailer, and Blue Origin. With an estimated net worth of $177 billion, he is the second richest person in the world.Dangote is the CEO of Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N891.7 billion ($2.5 billion) in 2019. It also has interests in sugar, salt, oil, fertilizer and packaged food.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.

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