Aliko Dangote, a business magnate from Nigeria, rose to the 75th position in terms of wealth after earning N354.8 billion in a single day.
Aliko Dangote, the richest man in Africa, just achieved another feat by earning a staggering N354.8 billion in just one day.
After earning N460BN in a single day and surpassing two Russians, one Chinese, and an Indian on the list of billionaires, Dangote was recently listed as the 80th richest man in the world.
The richest person in Africa for 12 years running, according to the Bloomberg Billionaire Index, is Aliko Dangote, who has a net worth of $19.7 billion.
The opportunity not only allowed him to boost his bank account by $100 million but also to unseat other billionaires came from the rise in demand for Dangote Cement in Africa.
The Nigeria Stock Exchange increased following President Bola Tinubu’s official inauguration. As a result, Dangote Cement shares began trading at N290 on May 30, 2023, reflecting the optimism of investors.
Financial expert and banker Uche Madubuogu told Legit.ng that the Dangote Refinery may make him one of the top 20 richest men on the planet.
Madubuogu said: “We will not be shocked to see his wealth surge when the refinery begins to ship products by August.”
The financial analyst and banker, Madubuogu added that the refinery of Dangote which was recently launched holds an enormous promise to revitalize the Nigerian energy industry, especially the petrol import problem Nigeria has faced. “It will help Nigeria reduce dependence on imported petroleum drops. It might help eliminate petrol import,” he said.