Dangote’s net worth has rose by $700 million in the past week.
dangote cement
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- Hot News
Africa’s richest man Aliko Dangote’s cement firm posts $486-million profit as energy costs rise
Dangote Cement is finding it hard to outdo its performance last year.
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Aliko Dangote is the world’s richest Black person.
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Obajana Cement Company is majority owned and operated by billionaire Aliko Dangote’s cement company, Dangote Cement Plc.
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Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.
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The decline in his net worth can be attributed to the fall in the share price of Dangote Cement.
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Africa’s richest man Aliko Dangote loses $2 billion in three months as Dangote Cement shares fall
Dangote derives the majority of his wealth from his 86-percent stake in Dangote Cement.
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Dangote’s net worth has dropped from nearly $20 billion to just $19 billion in the past 24 hours.
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However, he remains one of the few billionaires who has seen impressive gains since the year began.
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Africa’s richest man Aliko Dangote loses $1.1 billion in two months as Dangote Cement shares fall
Dangote’s net worth is still up by $832 million this year.