REAL ESTATE

Dangote Overtakes Four On Billionaires’ List

 

Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after making N460bn in a day.

The Chief Executive Officer of Dangote Group made the profit following increased demand for Dangote Cement, beating his fellow billionaires by earning about $100 million.

He maintains a majority share at his Cement company, following the company’s announcement of a significant share buyback two weeks ago.

According to Bloomberg Billionaire Index, Dangote remains Africa’s richest man, a feat he has maintained for 12 years in a row.

 

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