₦airaland Forum

Africa’s richest man, Aliko Dangote’s worth has risen by N8.4 trillion due to recent demands for his cement unit, Dangote Cement and the recently completed fertilizer plant.

According to a Bloomberg's report, his wealth surged to $20.1 billion (N8.4 trillion) last Friday.


Bloomberg’s Billionaire Index put his networth at $26.27 billion (N11 trillion) which he achieved in 2014.


Dangote bounced back because of the surging price of his Dangote Cement. Higher oil and fertilizer prices also helped to shore up his wealth by as much as N8.2 trillion this year to N8.4 trillion ($21.2billion). This is the richest he has been since 2014, Bloomberg reports.

His networth surged as his companies, Dangote Cement and his fertilizer plant saw a great leap in sales that catapulted him to the top The businessman's humble beginning is a source of inspiration but many say he was treated with favouritism by successive governments in Nigeria over the years
man, Aliko Dangote’s worth has risen by N8.4 trillion due to recent demands for his cement unit, Dangote Cement and the recently completed fertilizer plant. Aliko Dangote is Africa's richest man. Credit: Wei Leng Tay/Bloomberg Source: According to a Bloomberg's report, his wealth surged to $20.1 billion (N8.4 trillion) last Friday. Bloomberg’s Billionaire Index put his networth at $26.27 billion (N11 trillion) which he achieved in 2014. READ ALSO Dangote on track to close 2021 at the richest level he has ever been in 7 years, thanks to his cement company Dangote bounced back because of the surging price of his Dangote Cement. Higher oil and fertilizer prices also helped to shore up his wealth by as much as N8.2 trillion this year to N8.4 trillion ($21.2billion). This is the richest he has been since 2014, Bloomberg report.


High Cement demand and the rising price of construction materials in Nigeria have helped to boost revenue at Dangote Cement, one of his main assets. The 64-year-old is about to complete a $19 billion (N7.8 trillion) refinery with the capacity to supply Nigeria with refined petroleum products. He also started exporting fertilizer to the U.S and Brazil after the completion of his fertilizer plant with a capacity to produce 3 million tons of urea and ammonia yearly. African nations worth less than Dangote Of the 54 countries in Africa, only 20 are richer than Dangote. He will be on number 21 in the list in comparison to other African countries if he were a country, according to VON Digest.

He is richer than Burundi, Somalia, Burkina Faso, Central African Republic, Mozambique and others Read more: https://www.legit.ng/business-economy/money/1446537-dangote-now-richer-than-30-african-countries-price-dangote-cement-rises/

Shhhhhhh before Buhari hears this and move to borrow from dangote

HIS RICHES ARE VANITY IF IS NOT HELPING MAJORITY SO STOP ADVERTISING HIM WITH HIS MONOPOLY.

This is why I am not a fan of capitalism.

FarahAideed:
So you hate seeing people get rich off their efforts

I don't know how "not a fan" translates to "hate" for you.
Besides Capitalism is not making money out of "your efforts"...
I actually have my own ideas on how modern capitalism can be improved on...

pls I don't want to be dragged into an argument, nairaland arguments are usually messy without facts.

FarahAideed:
Shhhhhhh before Buhari hears this and move to borrow from dangote

Pretense is a bad thing

complexBoss12:
This is why I am not a fan of capitalism.

So you hate seeing people get rich off their efforts

PARADIZEPRIEST:
HIS RICHES ARE VANITY IF IS NOT HELPING MAJORITY SO STOP ADVERTISING HIM WITH HIS MONOPOLY.

Jealous of other tribe success as usual, Dangote is the best thing Nigeria have produced

PARADIZEPRIEST:
HIS RICHES ARE VANITY IF IS NOT HELPING MAJORITY SO STOP ADVERTISING HIM WITH HIS MONOPOLY.

Dangote have help more Nigerians than all the igbo politicians put together, if monopoly is easy do am and stop whining