The Nigerian billionaire Aliko Dangote has jumped five spots to be named the world’s 100th richest person on Forbes’ annual billionaires list.
Dangote is the richest black person in the world and Africa’s richest person. He founded and chairs Dangote Cement, Africa’s largest cement manufacturer. He also owns sugar, salt and four milling businesses that are all listed on the Nigerian Stock Exchange. Dangote is making an audacious foray into oil. His Dangote Group is constructing an integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria. Upon completion in 2019, the refinery is expected to be the world’s biggest single-train facility, and will cost an estimated $9bn.
He is followed by Nigerian oil and telecoms mogul Mike Adenuga who is the second richest black man in the world with a fortune FORBES currently estimates at $5.3 billion.
Dangote is one of three Nigerians represented in the index, which also features at least seven South Africans, one Algerian, one Angolan, six Egyptians, two Moroccans, one Swazi, one Tanzanian and one Zimbabwean.
Just one woman was represented in the group, Isabel Dos Santos, the daughter of Angola’s former president, with a fortune of $2.6bn.