Dangote Makes N46bn In One Day, Overtakes 2 Russians On Billionaires’ Lists

Aliko Dangote has beaten Russians and Asians on the billionaires’ list.

Dangote earned about $100 million, about N46 billion, in one day following increased demand for Dangote Cement.

He maintains a majority share at his Cement company, as the company announced a significant share buyback two weeks ago

Dangote has remained Africa’s richest man, a feat he has maintained for 12 years in a row, according to Bloomberg Billionaire index

Dangote saw his net worth increase following the stellar performance of Dangote Cement, where he controls the majority stake. This also came after the company announced a share buyback a fortnight ago.