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

Mohammed Awal February 13, 2020
After nine years, Dangote is still Africa’s richest man; check who’s in the top 10
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.

Last Edited by:Kent Mensah Updated: February 13, 2020

Conversations

Must Read

Connect with us

Join our Mailing List to Receive Updates