Africa’s richest: Dangote’s grip strengthens as net worth hits $11.2 billion
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
Dangote’s net worth had recently surged to $11.2 billion, putting him on the verge of reclaiming the title of Africa’s richest man.
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
His net worth stands at $10.8 billion, making him the world’s richest Black billionaire and the second-richest person in Africa.
The surge in the shares of Dangote Cement, Africa’s largest cement company, was the driving force behind Dangote’s resurgence.
At the time of writing, the wealth gap between Dangote and Johann Ruper stands at $1.1 billion.
Dangote Cement, with a production capacity of 51.55 mtpa spread across ten countries, aims to enhance shareholder value through the buyback program.
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
The surge in Dangote’s net worth makes him the 82nd richest man in the world.
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.
Dangote is the founder and chairman of Dangote Group.
Dangote’s net worth stands at an astounding $19.6 billion.
The surge in Dangote’s net worth cements his dominance as the wealthiest person on the continent.
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.