Aliko Dangote, the wealthiest Black billionaire globally and the founder of Dangote Group, has played a vital role in shaping Africa's business landscape and elevating Nigeria to become one of the most industrialized nations on the continent.
Dangote's wealth predominantly originates from his dominant 86.81-percent stake in Dangote Cement, the largest cement company in Africa, making him the wealthiest investor on the Nigerian Exchange (NGX). Additionally, he holds stakes in several other prominent Nigerian companies on the NGX, including Dangote Sugar, NASCON Allied Industries, Jaiz Bank, and Tony Elumelu's United Bank for Africa. His staggering net worth of $10.8 billion ranks him as the richest Black billionaire worldwide and the second-wealthiest individual in Africa. However, the title of Africa's richest was recently taken over by South African billionaire Johann Rupert, who surpassed Dangote's wealth in June.
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Dangote's wealth predominantly originates from his dominant 86.81-percent stake in Dangote Cement, the largest cement company in Africa, making him the wealthiest investor on the Nigerian Exchange (NGX). Additionally, he holds stakes in several other prominent Nigerian companies on the NGX, including Dangote Sugar, NASCON Allied Industries, Jaiz Bank, and Tony Elumelu's United Bank for Africa. His staggering net worth of $10.8 billion ranks him as the richest Black billionaire worldwide and the second-wealthiest individual in Africa. However, the title of Africa's richest was recently taken over by South African billionaire Johann Rupert, who surpassed Dangote's wealth in June.
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A Look into 15 Companies Owned By Aliko Dangote
Aliko Dangote, the wealthiest Black billionaire globally and the founder of Dangote Group, has played a vital role in shaping Africa's business landscape and elevating Nigeria to become one of the mos...
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