According to the Bloomberg Billionaires Index, Aliko Dangote, president of the Dangote Group, has continued to hold the title of richest man in Africa despite fluctuations in the value of the naira relative to the dollar.
Dangote ranked first among African billionaires on the Index with a worth estimated at an astonishing $15.6 billion in the most recent daily top billionaire listings, which were published on Tuesday.
The richest persons in the world are Ellon Musk and Bernard Arnault, with respective fortunes of $219 billion and $194 billion. Bill Gates, the CEO of Microsoft, comes in second with $130 billion in wealth, followed by Jeff Bezos in third with $151 billion, and Larry Ellison in fifth with $130 billion.
The fact that Dangote consistently ranks as the wealthiest person in Africa, despite the erratic nature of the Nigerian currency, is a testament to his successful commercial operations and investments across numerous industries.
Only five other Africans were included on the most current list of the 500 richest people in the world as of 2023. They include the wealthy South Africans Johann Rupert and his family ($13.3 billion in assets), Nicky Oppenheimer ($9.0 billion in assets), Nassef Sawiris ($7.47 billion in assets), Natie Kirsh ($7.37 billion in assets), and Naguib Sawiris ($5.93 billion in assets).