Bloomberg ranks Dangote Africa’s richest man, Bill Gates 4th in world

Aliko Dangote, President of Dangote Group, has maintained his position as Africa’s richest man, despite a fluctuating Nigerian currency against the dollar, according to the Bloomberg Billionaires Index.

Bloomberg, in its daily top billionaire lists released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Ellon Musk and Bernard Arnault are the first and second richest people in the world, with fortunes totalling $219 billion and $194 billion, respectively. Jeff Bezos comes in third with $151 billion, followed by Microsoft CEO Bill Gates with $130 billion, and Larry Ellison comes in fifth with a net worth of $130 billion.

Only five other Africans made the most recent list of the world’s top 500 billionaires for the year 2023. They include South Africans Johann Rupert and his family, who have a net worth of $13.3 billion, Nicky Oppenheimer, Nassef Sawiris, Natie Kirsh, and Naguib Sawiris, who have respective fortunes of $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion.