Africa's Richest Man Is Black, Aliko Dangote - Net Worth $13.8Billion

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« on: March 12, 2011, 02:38:06 PM »

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, cementmanufacturing, real estate, oil and gas, among others.

VIDEO BELOW
Aliko Dangote, Nigeria's First Billionaire X-rays His Fortune - TheInfoStrides.com


FORBES - Africa's Richest Man Is Black, Aliko Dangote - Net Worth $13.8 Billion
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« on: March 12, 2011, 02:38:06 PM »

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