Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
His net worth stands at $10.8 billion, making him the world’s richest Black billionaire and the second-richest person in Africa.
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Dangote’s net worth now stands at $19.2 billion.
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Aliko Dangote is the founder and chairman of Dangote Group, a leading conglomerate with interests in various sectors.
Dangote is set to become the first Black person in history to lay claim to a $30-billion fortune.
To support the well-being of its prospective candidates, Dangote Group has established temporary housing for 20,000 employees.
Dangote Group is the continent’s most diversified manufacturing conglomerate.
Dangote derives most of his wealth from his 86-percent stake in Dangote Cement.
Its $90-million investment in Ethiopia has helped solidify its position in the country.
Dangote Group is poised to cement its position as the second-largest employer of labor in Nigeria.
Dangote’s 86-percent stake in his cement company is worth $8.64 billion.
Dangote Sugar is a subsidiary of Dangote Industries Limited.
Dangote founded Dangote Sugar Refinery in the 1970s.