Post Tagged with: "Dangote"

Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

January 3, 2020 1:17 pm0 comments
Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

Abuja-Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world, according to the Bloomberg Billionaires Index. Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21. He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports. His critics still accuse him […]

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