Well-known African billionaire, Aliko Dangote is still Africa’s wealthiest person, a title he has held for nine years.
Aliko Dangote has an estimated net worth of $10.1billion and in the latest ranking of the world’s billionaires by Forbes, Dangote’s present worth is down from his estimate of $10.3 billion, a year ago.
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They attributed the fall to a possible slightly lower stock price for his Dangote Cement flagship company.
Egypt’s Nassef Sawiris is the new number two richest person in Africa with a net worth of $8 billion, which is an upgrade from his last year net worth of $6.3 billion.
His most valuable asset is a stake in shoemaker Adidas which is worth $4 billion and due to this, the increase in Adidas’ share price alone added nearly $1.5 billion to his fortune since January 2019.
Additionally, he owns a significant stake in fertilizer producer OCI N.V and also in 2019, Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t own in U.K. Premier League team Aston Villa Football Club.
For Dangote, he founded and chairs Dangote Cement, the continent’s largest cement producer and owns nearly 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 45.6 million metric tonnes annually and has operations in 10 countries across Africa.
Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete.
Source: ghgossip.com
