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Unshaken: Aliko Dangote Holds the Fort as Africa’s Richest Person Despite Currency Turbulence

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LAGOS, Nigeria – Aliko Dangote, the President of Dangote Group, has retained his position as the richest individual in Africa with a net worth of $15.6 billion, according to the Bloomberg Billionaires Index, BBI, released on Tuesday, June 27, 2023.

His wealth remains formidable despite the fluctuations of the Nigerian currency against the dollar.

Bloomberg’s daily billionaire lists revealed that Dangote tops the chart in Africa.

Following him, five other Africans made it to the list of the top 500 world billionaires for 2023.

Johann Rupert and family from South Africa were ranked second richest in Africa with a net worth of $13.3 billion. Last week, Forbes announced that Rupert had overtaken Dangote in the wealth ranking.

Other Africans who made the list include Nicky Oppenheimer of South Africa ($9.0 billion), Nassef Sawiris of Egypt ($7.47 billion), Natie Kirsh of South Africa ($7.37 billion), and Naguib Sawiris ($5.93 billion).

On the global front, Elon Musk leads the pack as the richest person in the world with an astonishing net worth of $219 billion.

Bernard Arnault follows closely with a net worth of $194 billion. Jeff Bezos and Bill Gates are ranked third and fourth respectively, with net worths of $151 billion and $130 billion.

Larry Ellison rounds off the top five richest people globally with a net worth identical to Gates at $130 billion.

Dangote’s wealth is attributed to his vast business empire, Dangote Group, which has interests in commodities such as cement, sugar, salt, and real estate.

His continued prominence in the Bloomberg Billionaires Index reflects his significant influence in the African economy.

This ranking indicates Africa’s representation in the global economic landscape, and Dangote’s position highlights the potential for industrial magnates in the continent despite economic challenges and currency instability.

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