After nine years, Dangote is still Africa’s richest man; check who’s in the top 10

Mohammed Awal Feb 13, 2020 at 11:00am

February 13, 2020 at 11:00 am | Opinions & Features

Mohammed Awal

Mohammed Awal

February 13, 2020 at 11:00 am | Opinions & Features

Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria, June 13, 2012. To match Insight NIGERIA-FOREX/DANGOTE REUTERS/Akintunde Akinleye/File Photo – RTX2HPTG

#1. Aliko Dangote 

Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer.

The 62-year-old owns nearly 85% of publicly-traded Dangote Cement through a holding company.

Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Dangote also owns stakes in publicly-traded salt, sugar, and flour manufacturing companies.

There’s also the Dangote Refinery which has been under construction for three years and is expected to be one of the world’s largest oil refineries once completed.

Dangote’s net worth is $10.1 billion.

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