Dangote Moves Up In Billionaire Ranking After Making Over N9bn On His Birthday
LAGOS APRIL 13TH (NEWSRNAGERS)-On his birthday, Nigerian business mogul and Africa’s richest man, Aliko Dangote’s net worth has increased again.
According to data from Forbes, Dangote’s wealth jumped by $6 million ( over N9.53 billion) on Thursday, April 10.
Dangote is now worth $23.5 billion and ranks as the 80th richest man in the world, moving one places from 82nd.
Dangote celebrates birthday
Africa’s richest man, Dangote, turned 68 on Thursday, marking the milestone as his vast industrial empire continues to shape Nigeria’s economy and the entire continent’s manufacturing landscape.
Born in 1957 in Kano, northern Nigeria, Dangote was raised by his grandfather after losing his father at the age of eight.
Bloomberg reports that his entrepreneurial roots run deep as his great-grandfather was one of West Africa’s wealthiest men, trading in kola nuts and groundnuts.
After earning a business degree from Al Azhar University in Cairo in 1977, Dangote returned to Nigeria and began trading cement with a loan from his uncle.
Four years later, in 1981, he founded what would later become Dangote Group, now one of Africa’s largest and most influential conglomerates.
Over the decades, Dangote transformed his company from a commodity trading business into a manufacturing powerhouse.
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Posted by News Rangers
on Apr 13 2025. Filed under Business, National.
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