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Nigeria's Aliko Dangote Back On Top as Africa's Richest Man

Aliko Dangote, president of Dangote Group, remains the richest man in Africa for the 12th year running with a wealth of U.S.$15.6 billion, according to Forbes.

He controls Dangote Industries, a closely-held conglomerate with interests in cement, sugar, salt, fertilizer, and packaged foods. He recently commissioned Africa's largest petroleum refinery, which aims to address the ongoing fuel shortages in Nigeria.

Dangote was recently named among the topmost charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after the endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of U.S.$1.25 billion. The primary focus of the Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert who held the richest man title for a week in June 2023, Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris.

InFocus

Afreximbank

Aliko Dangote.

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