Dangote earned N460 billion in just 24 hours, which resulted in him overtaking two Russian billionaires, one Chinese billionaire, and one Indian billionaire on the Bloomberg Billionaire Index on Monday, March 20th, 2023. He has held the title of Africa's richest man for 12 consecutive years with a net worth of $19.7 billion.
This remarkable increase in Dangote's fortune can be attributed to the surging demand for Dangote Cement across Africa, which not only fattened his account by $100 million but also displaced his fellow billionaires.
Dangote has a majority share in his cement company, and the company's announcement of a significant share buyback two weeks ago has helped him maintain his position on the billionaire index. He is currently ranked 83rd on the index, ahead of the aforementioned Russians, Alexey Mordashov and Alisher Usmanov.
