Dangote Earns N460bn in One Day, Surpasses 2 Russians, Asians on World Billionaires’ List

Aliko Dangote, a Nigerian Business Tycoon and CEO, Dangote Group has risen above two Russians, one Indian and a Chinese on the list of billionaires in the world as he made N460 billion in one day.

Dangote, on the Bloomberg Billionaire Index, clinched the 83rd position ahead of two Russian billionaires, Alexey Mordashov and Alisher Usmanov. 

He currently leads a Chinese consumer retailer, Chuan-Fu and Indian commodities billionaire, Lakshmi Mittal on the list as the 81st world billionaire.

With a net worth of $19.7 billion, Aliko Dangote is the richest man in Africa, followed by Johann Rupert and Nicky Oppenheimer & family. 

Investors King reports that Dangote, on Wednesday made over $1 billion, which amounted to about N460 billion as the demand in the purchase of Dangote Cement grew in one day.

His Cement Company had, two weeks ago declared a large share of buyback of which Dangote held on to the majority share of the company.

According to the Bloomberg Billionaire Index, the Nigerian Magnate has consecutively for 12 years remained as the richest man in Africa.

The Billionaire’s net worth skyrocketed following the massive increase in the Cement sales where he owns the majority share. His refinery which is almost completed is scheduled to commence operations before the end of this year.

Investors King had reliably gathered that the shares of Dangote Cement which sells at N288 per share make fast sales and good business at the Nigerian Stock Exchange.

The significant sales expansion was as a result of the rise in the demand of Dangote Cement across Africa with Nigeria as its primary market.

The top eight richest Africans in their ranking order reads; Aliko Dangote, Johann Rupert & family, Nicky Oppenheimer & family, Abdulsamad Rabiu, Nassef Sawiris, Mike Adenuga, Issad Rebrab & family, Naguib Sawiris.