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Bloomberg rates Aliko Dangote richest man in Africa with $15.6bn

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2 years ago

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Aliko Dangote

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg.

Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert and family of South Africa, now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37billion and $5.93 billion respectively. These are the only five other Africans that made the list.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.

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Ellon Musk and Bernard Arnault are the richest in the world with $219billion and $194 billion respectively in their kitties while Jeff Bezos and Bill Gates followed respectively with $151 billion and $130 billion. Larry Ellison was the fifth richest with $130 billion on the world’s billionaires’ chart.

Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organisations through the Bloomberg Terminal.’

Africa’s richest man, with his new worth of $15.6 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement. It also has interests in sugar, salt, fertiliser and packaged foods. Dangote also recently commissioned the $19bn petroleum refinery plant, which is now the Africa’s largest refinery.

It would be recalled that Aliko Dangote, was also recently named as 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 he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.

Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.

Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor. The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

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Former Kano LG Chairmen Endorse Tinubu, Reaffirm Loyalty to Ganduje as Kano APC Leader

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1 hour ago

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December 16, 2025

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‎Former local government chairmen in Kano State who served between 2014 and 2024 under the administration of Dr. Abdullahi Umar Ganduje has endorsed President Bola Ahmed Tinubu for a second term and reaffirmed their loyalty to the immediate past National Chairman of the All Progressives Congress (APC), Dr. Ganduje, as the party’s leader in Kano State.
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‎The former Chairman of the Association of Local Governments of Nigeria (ALGON) in the state, Baffa Takai, made this position known during a closed-door meeting with Kano APC stakeholders in Abuja.
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‎‎The former local government chairmen also expressed their solidarity with APC stakeholders under the leadership of Hon. Abubakar Kabir Bichi, commending their efforts toward promoting unity and progress within the party.
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‎They called on other party members to join hands with them in fostering peace, unity, and progress within the APC.
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‎The group further reaffirmed its commitment to the party’s ideals and principles and pledged to continue working collectively to strengthen the party and ensure its victory in future elections.

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President Tinubu Graces Late President Buhari’s Book Launch

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13 hours ago

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December 15, 2025

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By Yusuf Danjuma Yunusa

The family of the late president Buhari, on 15 December, 2025, launched a book entitled “From Soldier to Stateman: The Legacy of Muhammadu Buhari”

The event took place at the presidential villa with dignitaries in attendance include: President Bola Ahmed Tinubu, Aisha Buhari, the wife of the late president Buhari, Senator Oluremi Tinubu, the wife of the president, Dr. Charles Omole, the Author of the book, Adama Borrow, the president of Gambia, Sultan of Sokoto, Muhammad Sa’ad Abubakar, and many others.

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Speaking at the launch of the biography, Tinubu said Buhari’s legacy of integrity and modesty would continue to inspire Nigerians.

The president described the late president Buhari as a “leader of quiet strength and discipline.”

“President Muhammadu Buhari left behind a reputation for integrity, a spartan lifestyle, and the belief that public office is a trust and not a windfall,” Tinubu said.

He recounted his political journey with Buhari, decorating him as a consistent patriot whose honesty was acknowledged even by critics, adding that their political partnership taught the value of cooperation across differences.

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Prominent Kano Politician Ibrahim Little Sues Danagundi, Ibn Sina Over Hisbah Establishment

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16 hours ago

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December 15, 2025

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A chieftain and leader of the African Democratic Congress (ADC) in Kano State, Alhaji Ibrahim Ali Amin “Little,” has filed a legal action at the Kano State High Court challenging the establishment of an Independent Hisbah body in the state.

It will be recalled that Little had earlier written to the concerned parties, urging them to suspend the move in the interest of peace and stability in the state. A copy of the letter, addressed to former Governor Abdullahi Umar Ganduje, was also sent to the Governor of Kano State, Abba Kabir Yusuf; Baffa Babba Danagundi; Haruna Ibn Sina; and the Department of State Services (DSS).

According to his Executive Assistant and Media Aide, Adnan Mukhtar, Little decided to seek legal redress following what he described as the respondents’ persistence and insistence on proceeding with the establishment of the Independent Hisbah.

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“Dissatisfied with their recent actions and continued insistence on moving forward with the establishment process, Little approached the Kano State High Court to seek redress,” Mukhtar said.

Those listed as respondents in the suit include the Speaker of the Kano State House of Assembly, the Kano State House of Assembly, the Attorney General of Kano State, the Kano State Hisbah Board, Baffa Babba Danagundi, and Haruna Ibn Sina.

In an official statement posted on his Facebook page, Little said:

“I have today instructed my lawyers to file an action challenging the establishment of an Independent Hisbah in Kano State. This follows my recent letter to the parties concerned and their insistence on proceeding with the establishment of the Independent Hisbah.

 

“I believe this move is an attempt to disrupt our peaceful coexistence at a time when the state is facing security challenges.

 

“The peace of Kano State remains our utmost priority.

Kano Sabuwa, In sha Allahu.”

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