Africa’s Richest Man, Aliko Dangote Adds $1.54 Billion To His Net Worth In 2021

Data from the Bloomberg billionaires index has revealed that Africa’s richest man, Aliko Dangote added $1.54 billion to his net worth in 2021.

As of December 27, 2021, Aliko Dangote is worth $19.3 billion and ranked 99th on the Bloomberg billionaires index. The Nigerian billionaire’s net worth rose from $17.8 billion recorded on January 1, 2021 to as high as $20.3 billion as of November 9, 2021 before moderating to $19.3 billion on December 27, 2021.

On the 28th of April, Aliko Dangote’s net worth dropped to $16.0 billion, its lowest in the year 2021.

Aliko Dangote’s net worth hits its highest in the year when he added $1.1 billion to his net worth on the 9th of November 2021, to push his net worth to $20.3 billion. However, he has lost $1 billion between the 9th of November to 26th of December, 2021.

Dangote’s net worth 2021, Bloomberg Billionaires Index

Dangote is currently holding $3.34 billion in cash, 6.4 billion in private assets ($100 million in the free zone, $200 million in Lagos real estate, $575 million in  OMl 71 and 72, $45.0 million in private plane, $5.15 billion in Fertilizer Plant, and $302 million in companies) 9.5 billion in Public assets ($9.09 billion in Dangote cement equity, $360 million in Dangote Sugar equity, $55.8 million in NASCON Equity, and $288 thousand in UBA equity)

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.

The oil refinery currently under construction in Nigeria valued at $19 billion isn’t included in the valuation because operations are yet to commence.