Kano Times

Nothing but authentic

Dangote Retains African Billionaire Crown, But Falls Short of Global Top 100

Aliko Dangote of Nigeria remains the richest person in Africa according to the 2024 Forbes World’s Billionaires List, but he doesn’t crack the top 100 globally.

Dangote, with a net worth of $13.4 billion, sits at 144th on the worldwide list. The 66-year-old business magnate chairs Dangote Cement, Africa’s largest cement producer, and has recently ventured into the oil industry, suggesting his wealth could climb in the future.

He’s joined by just one other African on the global top 200: Johann Rupert of South Africa. Rupert, worth $12.2 billion, is the 162nd richest person globally and chairs the Swiss luxury goods firm Compagnie Financiere Richemont.

Meanwhile, the title of world’s richest man goes to Bernard Arnault of France, with a staggering net worth of $233 billion. The 75-year-old oversees the LVMH empire, encompassing 75 fashion and cosmetics brands like Louis Vuitton and Sephora.

Elon Musk (electric cars – Tesla), Jeff Bezos (e-commerce – Amazon), and Mark Zuckerberg (social media – Facebook) follow closely behind Arnault, claiming the second, third, and fourth spots, respectively.

Despite global challenges, the report highlights a rise in billionaire wealth. Forbes found a record-breaking 2,781 billionaires this year, with a combined net worth of $14.2 trillion.

Leave a Reply

Your email address will not be published. Required fields are marked *