Aliko Dangote, a Nigerian business tycoon, overtook two Russians, one Chinese and an Indian on world billionaires’ list on Monday, after making N460bn in a day.
The Chief Executive Officer, CEO of Dangote Group made the profit following increased demand for Dangote Cement recently m, beating his fellow billionaires by earning about $100 million in additional.
The Africa richest maintains a majority share at his Cement company, following the company’s announcement of a significant share buyback two weeks ago.
According to Bloomberg Billionaire Index, Aliko Dangote remains Africa’s richest man, a feat he has maintained for 12 years in a row.
The brand name ‘Dangote’ surface largely on foodstuffs.
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