Africa's Rich King, Dangote Named The 23rd Richest Man In The World

Alhaji Aliko Dangote, the President of Dangote Group, has moved 20 spots from his earlier position. He was initially the 43rd richest person in the world but now has moved to the 23rd position in the world, while also retaining his position as the Richest Man in Africa, according to the Forbes Magazine. The President of the Dangote Group who has interests in cement, sugar, flour and beverages is now worth $25 billion and is also the first black man to be named among the 25 richest people in the world.

Various Nigerians also appeared on the list, they are; Mike Adenuga, owner of the indigenous telecoms company, Globacom, is next to Dangote on the list with a wealth of $4.6 billion, maintaining the 325th position in the world. Folorunsho Alakija, with $2.5 billion, is 687th in the world and Abdulsamad Rabiu ranks 1372nd in the world with $1.2 billion.

Bill Gates, has reclaimed the title of world’s richest person from telecom mogul, Carlos Slim Helu of Mexico after a four-year hiatus. According to Forbes, Gates, raked in extra $9billion the last one year and has been at the top of the list for 15 of the past 20 years.

Spanish clothing retailer, Amancio Ortega (best known for the Zara fashion chain) retains the number three spot for the second year in a row, extending his lead over Warren Buffett, who is again number four.

Dangote has also been named the world’s 68th most powerful person.