Forbes names Dangote Africa’s Richest Man

Petroleum Industry Bill Would only give permission to Dangote to Import Fuel

According to Forbes, Aliko Dangote, the president of the Pan-African Conglomerate, the Dangote Group, has once again been named the wealthiest person in Africa for the past 12 years.

This information was released in a press release headlined “Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year” on Tuesday.

According to the article, Dangote is the only Nigerian on the list of the top 200 richest persons in the world, with an estimated net worth of $14.2 billion, up from $12.1 billion the year before. His company, Dangote Cement Plc, is the largest cement maker in Africa.

It may be noted that in June, South African Johann Rupert, who has a net worth of $12 billion, was named by Forbes Magazine as the richest man in Africa.

The statement said, “ Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

“Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1bn.

“The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.”

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