See more as Dangote move up in billionaire ranking, after making over N9bn on his birthday

• Today is the 68th day of Aliko Dangote, the richest antheral successful Africa and an industrialist who has touched galore lives
• Forbes reports that connected his birthday, his nett worthy accrued by implicit N9 cardinal aft hours of trading
• Dangote's newfound wealthiness has besides helped him ascent the satellite ranking, regaining the 80th position

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

On his birthday, Nigerian concern mogul and Africa's richest man, Aliko Dangote's nett worthy has accrued again.

According to information from Forbes, Dangote's wealthiness jumped by $6 cardinal ( implicit N9.53 billion) connected Thursday, April 10.

Aliko Dangote's nett worthy emergence by implicit N9 billion Photo credit: Bloomberg/contributor
Source: Getty Images

Dangote is present worthy $23.5 cardinal and ranks arsenic the 80th richest antheral successful the world, moving 1 spot from 82nd.

Dangote celebrates birthday

Africa’s richest man, Dangote, turned 68 connected Thursday, marking the milestone arsenic his immense concern empire continues to signifier Nigeria’s system and the full continent’s manufacturing landscape.

Born successful 1957 successful Kano, bluish Nigeria, Dangote was raised by his gramps aft losing his begetter astatine the property of eight.

Bloomberg reports that his entrepreneurial roots tally heavy arsenic his great-grandfather was 1 of West Africa’s wealthiest men, trading successful kola nuts and groundnuts.

After earning a concern grade from Al Azhar University successful Cairo successful 1977, Dangote returned to Nigeria and began trading cement with a indebtedness from his uncle.

Four years later, successful 1981, helium founded what would aboriginal go Dangote Group, present 1 of Africa’s largest and astir influential conglomerates.

Over the decades, Dangote transformed his institution from a commodity trading concern into a manufacturing powerhouse.

Dangote's nett worthy question since 2016 Photo credit: forbes
Source: Facebook

A pivotal travel to Brazil successful 1996 inspired him to displacement from imports to section production, seeing an accidental to conscionable the increasing demands of Nigeria’s population.

The modulation bore fruit. Dangote present controls Dangote Industries Ltd., a intimately held Lagos-based conglomerate with interests successful cement, sugar, salt, packaged food, fertilizer and petroleum.

The group’s flagship company, Dangote Cement, is sub-Saharan Africa’s largest cement shaper and 1 of Nigeria’s astir invaluable publically traded firms.

Dangote launched operations astatine the $20 cardinal Dangote Oil Refinery, Africa’s largest, successful which helium owns a 92.3 percent stake.

Nigeria is betting connected the refinery to trim Nigeria’s dependence connected imported fuel.

Dangote besides owns a large fertilizer works with a 2.8 million-tonne yearly capacity, and holds important stakes successful listed companies specified arsenic Dangote Sugar, Nascon Allied Industries and United Bank for Africa.

Dangote slashes petrol price

Dangote Petroleum Refinery and Petrochemicals has announced the simplification of its ex-depot (gantry) loading outgo of petrol to N865 per litre.

The caller terms is simply a reduction of N15 from N880 per litre sold by the installation connected Wednesday, April 9, 2024.

Filling stations, particularly those with peculiar agreements with the Dangote Refinery, are present expected to trim prices.

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Source: Legit.ng