Africa continues to be one of the hardest places in the world to create and maintain a billion-dollar fortune. This is because foreign investors are still wary of the continent’s stock exchanges, businesses face challenges from faltering economies, inadequate infrastructure, and unstable exchange rates. Despite this, a few individuals have turned out to be billionaires. Who is the richest man in Africa in 2024?
READ ALSO: Uhuru Kenyatta net worth 2024, sources of wealth, age, and children
Richest man in Africa, what he does
The richest man in Africa, Aliko Dangote, created and serves as chairperson of Dangote Cement, the largest cement manufacturer on the continent. Via a holding firm, he owns 85% of the publicly traded Dangote Cement.
Dangote Cement is able to manufacture 48.6 million metric tons a year and operates in ten African nations. In March 2022, Dangote’s fertilizer plant in Nigeria commenced its operations following an extensive development period. This year marks the start of refining activities at the Dangote Refinery, which has been under construction since 2016.
READ ALSO: 12 frequently asked questions about Mauritius Island
What is Aliko Dangote net worth in Naira?
According to a report released by Forbes in 2024, Dangote’s net worth is estimated at $13.9 billion. He has accumulated his wealth mainly from the manufacturing industry; Dangote cement.
Considering the current currency exchange in Nigeria, Aliko Dangote’s net worth in Naira is equal to
22, 135, 194, 000.00 NGN
READ ALSO:
- William Ruto net worth, age, expensive properties, and businesses
- What is Jason Derulo Net worth in 2024? How much does he make?
- Larry Madowo biography, age, tribe, family, education, career, salary at CNN, wife, child, house, cars, awards, net worth in 2024
