Africa’s richest man, Dangote clinches 6 place in billionaire list after making over N14bn in a day

by Tom Chiahemen
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Africa’s richest man, Aliko Dangote, has bounced back from the huge losses that saw over N300 billion wiped off his wealth in 8 hours.

On Monday, 22 August 2022, Bloomberg reports that Dangote’s wealth jumped by $34.8 million, which is over N14.9 billion when exchanged at N430 to a dollar.

Dangote’s latest surge in fortune has moved him six places to sit at 73rd among the world’s most powerful billionaires.

FrontView Africa
Movement of Dangote’s wealth in one week. Credit: Bloomberg Source: Facebook

According to Bloomberg, Dangote’s total networth is now at $19.6 billion on Monday, and he has so far, in 2022, made $537 million.

Dangote’s wealth widens to closest rivals in Africa
Other Africans on the Bloomberg 500 billionaire list include Johann Rupert and family, Nicky Oppenheimer and Natie Kirsh, both from South Africa, and Nassef Sawiris, an Egyptian billionaire.

According to Bloomberg, Johann Rupert, Africa’s second richest man, is worth $9.47 billion and ranks 209th in the world, 130 places behind Dangote.

Most of Rupert’s fortune is derived from Cie Financiere Richemont, a publicly traded luxury goods manufacturer and retailer and the world’s largest luxury watchmaker.

Other richest men from Africa are:

Nicky Oppenheimer(South Africa)- $8.28 billion
Natie Kirsh(South Africa)- $8.04 billion
Nassef Sawiris(Egypt)- $6.87 billion

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