Aliko Dangote Becomes First African to Hit $30 Billion Net Worth.
Nigerian billionaire and industrial magnate Aliko Dangote has officially become the first African to reach a net worth of $30 billion, according to the latest Bloomberg Billionaires Index.
The milestone follows a $430 million surge in his portfolio, capping a year of remarkable growth that added over $2.16 billion to his fortune. The rise cements his long-standing position as Africa’s richest person and underscores the strength of his vast industrial empire spanning cement, sugar, flour, and oil refining.
“This isn’t just a personal win for Dangote it’s a defining moment for African industry,” said Ngozi Okonjo, an analyst at Afrinvest. “He’s proving that value-added manufacturing can rival resource extraction as a source of African wealth.”
Nigerian billionaire and industrial magnate Aliko Dangote has officially become the first African to reach a net worth of $30 billion, according to the latest Bloomberg Billionaires Index.
The milestone follows a $430 million surge in his portfolio, capping a year of remarkable growth that added over $2.16 billion to his fortune. The rise cements his long-standing position as Africa’s richest person and underscores the strength of his vast industrial empire spanning cement, sugar, flour, and oil refining.
“This isn’t just a personal win for Dangote it’s a defining moment for African industry,” said Ngozi Okonjo, an analyst at Afrinvest. “He’s proving that value-added manufacturing can rival resource extraction as a source of African wealth.”
Aliko Dangote Becomes First African to Hit $30 Billion Net Worth.
Nigerian billionaire and industrial magnate Aliko Dangote has officially become the first African to reach a net worth of $30 billion, according to the latest Bloomberg Billionaires Index.
The milestone follows a $430 million surge in his portfolio, capping a year of remarkable growth that added over $2.16 billion to his fortune. The rise cements his long-standing position as Africa’s richest person and underscores the strength of his vast industrial empire spanning cement, sugar, flour, and oil refining.
“This isn’t just a personal win for Dangote it’s a defining moment for African industry,” said Ngozi Okonjo, an analyst at Afrinvest. “He’s proving that value-added manufacturing can rival resource extraction as a source of African wealth.”
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