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Dangote gains $5.8bn in one day, now world’s 64th richest person

Aliko Dangote, Nigeria’s and Africa’s richest man gained $5.8bn in one day and his total net worth rose to $16.6bn on Tuesday, making him the world’s 64th richest person.

Dangote’s wealth fell from $10.5bn at the end of last year to a low of $9.63bn on January 1, 2019, but it grew to $10.8bn on Monday, February 25 as confirmed in a report by Bloomberg Billionaires Index, a ranking of the world’s 500 richest people.

However the net worth of Dangote increased by 23 per cent from $13.5bn on February 26, 2018, to $16.6bn, as he gained $5.8bn in one day, emerging 64th richest person in the world. While he is the only Nigerian on the list of 500 billionaires and also retained his position as Africa’s richest person, it should also be noted that his wealth rise by 58 per cent so far this year, emerged the second biggest mover after Andrew Forrest, founder and largest shareholder of Fortescue Metals Group, the world’s fourth-largest iron ore producer. Forrest’s wealth has grown by 59 per cent this year.

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Some other Africans on the list include Nicky Oppenheimer of South Africa, who was ranked 216th with a net worth of $7.05bn; Johann Rupert of South Africa (ranked 225th with $6.92bn wealth); Nassef Sawiris of Egypt occupied the 228th position with $6.83bn; Natie Kirsh of South Africa (ranked 263rd with a net worth of $6.10bn) and Naguib Sawiris of Egypt emerged 331st with a fortune of $5.12bn.