Forbes published its annual rankings of the world’s richest people. Mike Adenuga was ranked second richest Nigerian, with a net worth of $2 billion, while Aliko Dangote netted $13.8 billion.
According to Forbes, Dangote’s fortune surged 557% last year, making him the world’s biggest gainer in percentage terms and Africa’s richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange’s total market cap...
According to Forbes, Dangote’s fortune surged 557% last year, making him the world’s biggest gainer in percentage terms and Africa’s richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange’s total market cap...
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