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Meet The Richest Man In African, Aliko Dangote, World's 183rd Richest Man

In 2021, Aliko Dangote is the richest man in Africa. He has a net worth of 11.7 billion U.S. dollars and ranks 183 worldwide. The Nigerian is the founder and chairman of Dangote Cement, the largest cement producer on the whole African continent, and also the owner of salt and sugar manufacturing companies.

How did Aliko Dangote become the richest man in Africa?

Dangote's business interests encompass many industries, including oil and gas, consumer goods, and manufacturing. However, Dangote Cement makes up the majority of the conglomerate's revenue, of which Dangote owns 85%. According to Forbes magazine, the subsidiary produces 45.6 million metric tons of cement every year and operates in 10 African countries.

Dangote also owns the world's third-largest sugar refinery, and together, all of his publicly traded companies make up a quarter of the market capitalization of the Nigerian Stock Exchange.

As of Nov. 6, Dangote Cement Group reported quarterly revenues of 284.6 billion Nigerian nairas, approximately US$720 million.

Sawiris follows as the second-richest person in Africa. The Sawiris family in Egypt owns Orascom Construction PLC, a multinational corporation operating in the construction and cement industry.

Below is the updated list of the top twenty richest men in Africa, surprisingly, the richest East African comes from Tanzania in position fifteen.

Content created and supplied by: odhiambojr (via Opera News )

Africa African Aliko Dangote Dangote Cement Nigerian

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