President of Dangote Industries Alhaji Aliko Dangote remains Africa’s richest with a net worth of $12.2billion, according to Forbes.

This is an increase of $100 million from his worth when the assessment was done by the influential magazine last year.

Dangote is the continental richest for the seventh year in a row.

Bill Gates is the richest in the world with a net worth of $86 billion followed by Warren Buffet ($75.6b) and Jeff Bezos ($72.8 billion).


Other Nigerians on the African list are Globacom Chairman Mike Adenuga ($5.3 billion) adjudged the fifth richest in Africa and Mrs Folorunsho Alakija ($1.6 billion) rated the 15th richest in Africa.

Following after Dangote in the African rich list is diamond mining heir Nicky Oppenheimer of South Africa ($7.7 billion) up $700 million last year.

Boosting the South African ranks this year are newcomer Michiel Le Roux,($1.2 billion) South African mining tycoon Desmond Sacco, chairman of listed Assore Group (1.4 billion)

Forbes said: “Dangote is looking beyond cement –his most valuable asset – and has been investing in a fertiliser production company and a large oil refinery. Dangote Fertiliser is expected to start operations in the second quarter this year.”

Dangote is also the only African selected among Bloomberg’s world 50 best persons in 2017.

http://www.akelicious.com/2018/01/dangote-still-africas-richest-with-122b.html

This is serious figure.
Let's say Nigerians decide to pull resources together and build a rival refinery to Dangote's $12B refinery.

If:

100 men provide N5 Billion each that's N500B
500 men provide N0.5 Billion each that's N250B
1,000 men provide N0.1 Billion each that's N100B
10,000 men provide N10M each that's N100B
100,000 men provide N2M each that's N200B


The total is N1.15 Trillion (around $4 Billion) or 30% of Dangote's refinery cost.

This man practically owns Nigeria.

Oga read that article well naa. Haba.
Read well before you comment. Kai.
Weed no good for harmattan oo

CodeTemplar:
This is serious figure.
Let's say Nigerians decide to pull resources together and build a rival refinery to Dangote's $12B refinery.

If:

100 men provide N5 Billion each that's N500B
500 men provide N0.5 Billion each that's N250B
1,000 men provide N0.1 Billion each that's N100B
10,000 men provide N10M each that's N100B
100,000 men provide N2M each that's N200B


The total is N1.15 Trillion (around $4 Billion) or 30% of Dangote's refinery cost.

This man practically owns Nigeria.

I sabi am na.
Na dango we dey call am dat time. He don turn big boy now.

Pernyu:
Oga read that article well naa. Haba.
Read well before you comment. Kai.
Weed no good for harmattan oo

What's wrong or special in you being specific about what you feel I am missing here.
They said Dangote is worth $12B and coincidentally he happens to be building a refinery that's worth around that amount. I only reasoned out loud here.