Dangote to receive $2.07-million interim dividend from salt-processing business
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
Dangote’s net worth has declined by a staggering $400 million within the past seven days, dropping from $10.8 billion to $10.4 billion.
The decline in his net worth can be attributed to the fall in the share price of Dangote Cement.
Dangote began the year as the 97th richest man in the world.
A family business at its most basic format is an interaction of the business system and the family system.
Muriuki now controls 137.8 million shares in the company.
Musk remains the world’s richest man, with a $261-billion net worth.
Meanwhile, his stake in German sportswear behemoth Adidas is valued at $2.59 billion.
The wealth gains solidify his position as not only Africa’s richest man but also the world’s richest Black man.
The recent disclosure comes amid a fuel crisis in the country and a spike in global energy prices.
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.
Kenya is part of an elite group of five African countries accounting for over half the continent’s private wealth held by individuals.
The top 20 investors on the Nigerian Stock Exchange have amassed staggering wealth through equity stakes in their own and other companies.
The move comes after protracted legal battles over the insider purchase of a share in the company.