Aliko Dangote has been named Africa’s Richest Man by Forbes for the 14th year in a row.
Aliko Dangote, Nigerian tycoon of the industry, retains his position as the first African billionaire for the 14th consecutive year. the Nigerian businessman is the founder, chairman and CEO of the Dangote Group the largest industrial conglomerate in West Africa which also happens to be one of the biggest employers on the continent.
Nigeria’s Aliko Dangote retained his position is the world’s richest black person and the 107th richest person in the world.
The increase in Dangote’s fortune is mainly due to the development of its oil refinery located in Lagos, a strategic infrastructure that strengthens the energy independence of Nigeria and West Africa.
Dangote’s fortune is primarily built from Dangote Cement,its fortune has exploded, reaching 23.9 billion (or about 14,531,200,000,000 CFA Francs). although he started his business empire by selling commodities such as sugar, salt, and flour.
according to information reported by Forbes Magazine. with his net worth rising to an estimated 23.9 billion from 13.9 billion last year. In January 2024 The refinery opens for business then By January 2025, processing 500,000 barrels daily, shipping to : Europe, Brazil, UK, the US, Singapore and South Korea.
His refinery isn’t just processing oil, It’s processing Africa’s future.
congratulations aliko Dangote.
