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| Alhaji Aliko Dangote |
The President & CEO of Dangote Group, Aliko Dangote, has become
the first African entrepreneur to lay claim to a $20bn fortune, thus
becoming one of the 25 richest men in the world.
This is on account of the stock value of his largest holding, Dangote Cement, leaping about three-fourths since March when Forbes released its annual ranking of the world’s richest people.
Dangote’s 93 per cent stake in the cement company is now worth $19.5bn, according to the magazine.
Dangote Cement becomes the first Nigerian company to achieve a market capitalisation of over $20bn.
Added to this are his controlling stakes
in other publicly-listed companies like Dangote Sugar and National Salt
Company of Nigeria, and his significant shareholdings in other
blue-chip companies like Zenith Bank Plc, UBA Group and Dangote Flour;
his extensive real estate portfolio, jets, yachts and current cash
position, which includes more than $300m in recently-awarded Dangote
Cement.
Forbes reported that the Nigerian
billionaire was now richer than Russia’s richest man, Alisher Usmanov;
India’s Lakshmi Mittal; and running neck and neck with India’s Mukesh
Ambani.
According to the magazine, he is catching up to such Americans as Google’s billionaire founders, Larry Page and Sergey Brin.
Culled from Forbes.
HBC: This is really impressive. Keep it up Alhaji Aliko...
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