FORBES - Africa's Richest Man Is Black, Aliko Dangote - Net Worth $13.8 Billion
President of Dangote Group, age 53, from Nigeria, has emerged the richest man in Africa, for the first time, with a net worth of $13.8 billion, according to a
report from the Forbes annual world's billionaires ranking, released on Wednesday.
The 14 Africans on the 2011 Forbes Rich list are two Nigerians, four South Africans and eight Egyptians.
The Aliko Dangote's fortune surged 557 per cent in the past year, from 436 position to 51 in 2011, making him the world's biggest gainer in percentage terms and Africa's richest individual for the first time.
Also, on the Forbes list for Nigeria is the Chairman of Globacom and Equatorial Trust Bank (ETB), Dr. Mike Adenuga jnr (54), who is valued at $2 billion.
Adenuga debuts on the billionaires' list after making waves with mobile technology.
His telecoms carrier, Globacom, recently launched a 4G network, and he has
invested$1 billion on a submarine cable,
connecting Nigeria to the rest of the world.
He owns a stake in the Equitorial Trust Bank and
chairs Niger Delta oil exploration firm, Conoil.
With presence in 14 African countries, Dangote has emerged the continent's biggest cement maker, contributing significantly to other African countries' economy.
Dangote began his
career as a commodities
trader; built his Dangote Group into a conglomerate with interests in sugar, flour milling, salt processing, cement
manufacturing,
real estate,
oil and gas, among others.
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FORBES - Africa's Richest Man Is Black, Aliko Dangote - Net Worth $13.8 Billion
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