With a net worth of $16.1bn as of March 2013, the President, Dangote Group, Alhaji Aliko Dangote, has moved up in the latest world richest ranking to number 43 from 76 in 2012.

According to the list which was released on Monday by Forbes, Dangote and the Chairman of Globalom, Dr. Mike Adenuga were the only Nigerians on the list.

Dangote, 55, however, retained his position as the richest man in Africa and the richest among manufacturers in the world with a net worth of $16.1bn.

Adenuga, 59, on the other hand, ranked 269 on the list with a net worth of $4.7bn.

The world billionaires, list presented Carlos Slim Helu, a Mexican as the world richest man with a net worth of $73bn, while Bill Gates of United States came second with a net worth of the $67bn.

Others are Armancio Ortega of Spain ($57bn); Warren Buffet, United States ($53.5bn); and Larry Ellison of US with $43bn net worth, coming third, fourth and fifth, respectively.

Forbes said, “To compile net worths, we value individuals’ assets, including stakes in public and private companies, real estate, yachts, art and cash – and account for debt.

“We attempt to vet these numbers with all billionaires. Some cooperate; others don’t. We also consult an array of outside experts in various fields.”

The past year has been eventful for Dangote. In October, he sold off a controlling stake in his flour milling company to Tiger Brands of South Africa and pocketed $190m in cash.

In February, his Dangote Sugar Refineries acquired a 95 per cent stake in Savannah Sugar in a bid to maintain its dominant position in the Nigerian sugar industry.

Dangote started building his fortune more than three decades ago when he began trading in commodities like cement, flour and sugar with a loan he received from his maternal uncle.

He delved into full production of these items in the early 2000s and went on to build the Dangote Group, West Africa’s largest publicly-listed conglomerate, which now owns sugar refineries, salt processing facilities and Dangote Cement.


SOURCE: http://www.punchng.com/news/dangote-now-worlds-43rd-richest-man-forbes/

Nawa o,this man get mouth nobe small o. See as he carry sugar n salt hama ! Dangote startd growing immediately he brought out iodized salt and vitamin A sugar. I just wish he can invite me over for lunch so that I will ask him to bless me o. He can buy Arsenal now if he so desire but I wil advice him not to buy the club because Wenger's gay spirit will affect the sale of macoroni

Congrats Aliko..

AND HE IS ONLY 55, WITH THE WAY HE JUMPED FROM 77 TO 43 HE COULD BE AMONG THE FIRST 10 IN TWO YEARS. GOD BLESS NIGERIA......meanwhile i never see transport commot why God no put me for that body sef, come keep me for this hungry one

When you have phd and master degree holders working for you as drivers, what do you expect? ...

Just like connecting River Nile to your washing machine..

Great!!

BABA GOD BY YOUR GRACE I WILL BE ON THAT LIST SOME DAY

Its only a child given birth to in the late 80s,90s and beyond will not know the source of Dangotes wealth.

So una think sey na the loan given to him by his uncle made him reach? or na sugar & salt wen he dey sell?.

Make we hear word jor, we nigerians dey quick forget things sha ooooo.

back2sender: Its only a child given birth to in the late 80s,90s and beyond will not know the source of Dangotes wealth.

So una think sey na the loan given to him by his uncle made him reach? or na sugar & salt wen he dey sell?.

Make we hear word jor

Confam!

If Dangote could do it without Electricity, I can do better with Electricity. May the Cosmic shower Divine Wealth, So Mote It Be!

Oh daddy, daddy, daddy, am prouding very much rite now reading dis on my iPand in our yach-boat. you are one in billion man. ah, daddy, we must drink kunu and burantashi dis nite to sellybrate dis achivment of yours. Alhamdulilah. We must shot down our street on BANANA ISLAND, oh yes, allahu akbar. Praise to obatala daddy. Sanu and more money to be make from Nigerians, insha allah.

chingyjant: His labour is now paying off.With this fit it shows that good things can still come out from Nigeria irrespective of the bad image some have plunge the country into

There is no Holy Country, every country has a negative side, Working our ass off always pay off.

i think he's from a rich family.

All of us cant b rich.if we ar all rich,who is gonna serve onesev.may Allah count us among d rich.

Dis is what I call hardwork and determination,am sure wen e started,som pple discouraged and mocked him.. Now he is d 43rd richest man in d world-startin frm SUGAR and SALT oo.. He didn't complain govt hadn't set up infastructures oo!! He went 4 wat e want and see wat he has achieved!! My dear NLers', instead of comin here 2 hate on pple dat dnt even knw u exist,tke a cue frm dangote
He is a livin proof anytin is possible-as long as u workhard and ur determined!! Am meetin u @ d top padi mii

Mehn! C money

Just wait I will soon be on that list mark my word. Well dangote congratulations.

Up Dangote! But wait sha oo. If this man has these businesses in like say USA e.t.c., and he is taxed (like he is supposed to), I wonder if he will still retain this position . I salute you , your children's children will not see poverty.

Good he is still far from first.

God please do not forget me

yuzedo: Oh daddy, daddy, daddy, am prouding very much rite now reading dis on my iPand in our yach-boat. you are one in billion man. ah, daddy, we must drink kunu and burantashi dis nite to sellybrate dis achivment of yours. Alhamdulilah. We must shot down our street on BANANA ISLAND, oh yes, allahu akbar. Praise to obatala daddy. Sanu and more money to be make from Nigerians, insha allah.

Lmao!!!

back2sender: Its only a child given birth to in the late 80s,90s and beyond will not know the source of Dangotes wealth.

So una think sey na the loan given to him by his uncle made him reach? or na sugar & salt wen he dey sell?.

Make we hear word jor, we nigerians dey quick forget things sha ooooo.

..
Kindly get ur myopic and narrow mind away frm here.. Dude,hardwork pays!! Stop tlkin trash.. Just because ur low selt-esteem wnt mke u succesful dnt mean others wnt be!! Mtchwwwwwww

Billyonaire: If Dangote could do it without Electricity, I can do better with Electricity. May the Cosmic shower Divine Wealth, So Mote It Be!

Na wao baba olowo na God, atleast naija man follow get mouth for money level.Aliko plz b4 2015 try share bags of sault and rice to our mothers so that they will not vote for somebody they wish not to but do so because of bags of sault and rice.

Moving On to Greater things