Forbes has ranked the President of the Pan-African Conglomerate, the Dangote Group, Aliko Dangote, as the richest man in Africa for 12 consecutive years.
This was revealed in a statement on Tuesday, titled ‘Forbes 2023 Index: Dangote Still Africa’s richest for 12th consecutive year’.
Forbes is a global media company, that focus on business, investment, technology, entrepreneurship, leadership, and lifestyle.
According to the statement, Dangote, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2bn, up from last year’s $12.1bn.
The statement said, “ Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.
“Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1bn.
“The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone,” the statement added.
