Dangote Now 64th Richest Person in the world

Dangote Now 64th Richest Person in the world

Aliko DangoteAliko Dangote has become the 64th richest man in the world. The Nigerian billionaire made over $5 Billion dollar in a day. The current exchanged rate of Dollar to Nigeria is a staggering sum, running into trillions of Naira. The information was released by Bloomberg. Dangote remains the richest man in Africa according to ratings by Bloomberg and Forbes in the last 8 years.

Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world.” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organisations through the Bloomberg Terminal.’
Africa’s richest man, with his improved worth of $16.6 billion, 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 N805.6 billion naira ($2.4 billion) in 2017. It also has interests in sugar, salt, flour, fertiliser and packaged food.

It would be recalled that Dangote, was also recently named as the sixth most charitable man in the world by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom.
This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.

Warren Buffett, Bill Gates and J.K Rowlings occupied the first three positions on the World Charitable lists, while Oprah Winfrey and Elon Musk occupied the fourth and fifth positions respectively. Aside Aliko Dangote, Tony Elumelu, Chairman of United Bank for Africa was 11th on the list and these two were the only Nigerians on that list.

Dangote started his foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.

Aliko Dangote Foundation was, however, incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the foundation has become the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.