Aliko Dangote is Richer than these African Nations

Aliko Dangote is Richer than these African Nations

Aliko Dangote, the Nigerian enterprise magnate and Africa’s richest man for the twelfth time in a row has amassed a fortune that’s bigger than the gross home product (GDP) of a number of African international locations. 

In response to Bloomberg Billionaire Index, Dangote’s internet value is estimated to be virtually $13.8 billion, making him the richest in Africa and the richest black man on the planet. This stupefying quantity is greater than the Gross Home Product (GDP) of some African international locations.

The African international locations Dangote is richer than embrace Somalia, Togo, Mozambique, Burundi, Burkina Faso, Malawi, Liberia, South-Sudan, Mauritania, and a few others. He reported NGN 194.96B in Market Capitalization in February 2023, contemplating the newest inventory worth and the variety of excellent shares. He’s reportedly richer than over 30 African international locations.

Dangote is richer than 8 African international locations

Somalia has a GDP of $7.63 billion, Eritrea, ($2.065 billion); Malawi, ($12.63 billion); Togo, ($8.413 billion); Mauritania, (9.996 billion); Eswatini, ($4.73 billion); Sierra Leone, ($.4.042 billion); Burundi ($2.7 billion); Liberia, ($3.509 billion).

Different international locations’ financial sizes are as follows: South Sudan, ($3.15 billion); Lesotho, ($2.81 billion); Djibouti, ($2.39 billion); Central African Republic, ($2.28 billion); Cabo Verde, ($2.04 billion);The Gambia, ($1.74 billion); Seychelles, ($1.65 billion); Guinea-Bissau, ($1.53 billion); Comoros, ($726 million), and São Tomé and Príncipe, ($477 million).

Dangote’s wealth is especially attributed to his investments in cement, flour, and sugar manufacturing. His Dangote Group is the biggest producer of cement in Sub-Saharan Africa, and he plans to extend his market share even additional. 

He additionally lately invested closely in a brand new oil refinery and petrochemical plant, which he expects to generate vital income for his enterprise. The $12 billion refinery is predicted to supply 650,000 barrels of oil per day and is positioned in Lagos, Nigeria’s industrial capital.

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