Nigeria: Dangote Moves 20 Places Up, Now 63rd, As Musk Tops 100 Billionaires Ranking

Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg.

In the ranking released yesterday, the chief executive officer of Tesla, Elon Musk, is listed as the richest billionaire.

Dangote, who moved up 37 places on the recent Bloomberg billionaire list, is worth $20.2 billion as of Monday, July 13, 2022.

He sat as the 65th richest man in the world as of Friday, July 8, 2022.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.

“Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York,” Bloomberg said.

Dangote, Africa’s richest person controls Dangote Industries, a closely held conglomerate.

He owns 85 per cent of publicly-traded Dangote Cement through a holding company.

Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. After many years in development, Dangote’s fertilizer plant in Nigeria began operations in mid-2021. Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete.

Among the top ten richest billionaires on the list are Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Gautam Adani, Larry Page, Sergey Brin, Warren Buffett, Steve Ballmer, and Larry Ellison. Prof. Mahmood Yakubu, appealed to the political parties and their candidates to adhere to the spirit of the Peace Accord.

He reiterated the Commission’s readiness to ensure a hitch-free, fair, credible, transparent and acceptable election in the state, saying all hands must be on deck to achieve the desired results.

“We reiterate our commitment to a peaceful, free, fair, credible and transparent election. Without peace, our development plans, recent voter’s accreditation, logistics arrangements among others will be undermined. I want to appeal to the political parties to ensure peace.

“Play according to the rules of the game. Avoid violence. Violence begets violence, peace begets peace.”

Abide by the letter and spirit of the Peace Accord. We look forward to having a peaceful election in Osun State,” he added.

Speaking on behalf of traditional rulers in the State, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi assured of the monarchs’ commitment to ensuring peace within and outside their respective domains before, during and after the exercise.

In his response after signing the pact Governor Oyetola reiterated his commitment to a free, fair and peaceful election, emphasising that sustainability of the enviable status of Osun as the most peaceful State in the country remains non-negotiable.


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