Dangote becomes 63rd wealthiest billionaire in the world

Foremost Nigerian billionaire, Aliko Dangote has emerged as the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg.

In the ranking released yesterday, the chief executive officer of Tesla, Elon Musk; is listed as the richest billionaire.

Dangote, who moved up 37 places on the recent Bloomberg billionaire list; is worth $20.2 billion as of Monday, July 13, 2022. He sat as the 65th richest man in the world as of Friday, July 8, 2022.

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Dangote, Africa’s richest person, owns 85 per cent of publicly-traded Dangote Cement through a holding company. His Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.

“Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York,” Bloomberg said.

Among the top ten richest billionaires on the list are Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Gautam Adani, Larry Page, Sergey Brin, Warren Buffett, Steve Ballmer, and Larry Ellison.