According to the Bloomberg Billionaires Index, Aliko Dangote, President of Dangote Group, has maintained his position as Africa’s richest man despite a changing Nigerian naira versus the dollar.
Dangote’s fortune was estimated at an astonishing $15.6 billion in the newly issued daily top billionaire rankings on Tuesday, putting him at the top of the Index’s list of African billionaires.
With fortunes of $219 billion and $194 billion, respectively, Ellon Musk and Bernard Arnault are the world’s richest people. Jeff Bezos ranks third with a net worth of $151 billion, followed by Microsoft CEO Bill Gates with a net worth of $130 billion, and Larry Ellison ranks fifth with a net value of $130 billion.
Despite the instability of the Nigerian currency, Dangote’s repeated status as Africa’s richest person demonstrates his successful commercial operations and investments across a wide range of industries.
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Only five other Africans were included in the most recent list of the world’s top 500 billionaires for 2023. South African Johann Rupert and his family are wealthy $13.3 billion, as are Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, who are worth $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion, respectively.
