Dangote Emerges The World’s 23rd Richest Man

President of Dangote Group, Aliko Dangote, has moved 20 spots from his earlier position of 43rd richest person to being the 23rd richest man in the World, while also retaining his position as the Richest Man in Africa, according to the influential Forbes Magazine. The business mogul, who has interests in cement, sugar, flour and beverage, is now worth $25 billion and is also the first black man to be named among the 25 richest people in the world. Mike Adenuga, owner of indigenous telecommunications company, Globacom, was next to Dangote on the list with a wealth of $4.6 billion, maintaining 325th position in the world, while Folorunsho Alakija, with $2.5 billion, was 687th in the world and Abdulsamad Rabiu ranks 1372nd in the world, with $1.2 billion. American billionaire, Bill Gates, has reclaimed the title of world’s richest person from telecoms’ mogul, Carlos Slim Helu of Mexico, after a four-year hiatus. Gates has raked in an extra $9 billion in the last one year and has been at the top of the list for 15 of the past 20 years. Spanish clothing retailer, Amancio Ortega (best known for the Zara fashion chain) retains the number three spot for the second year in a row, extending his lead over Warren Buffett, who is again Number Four. Dangote has also been named the world’s 68th most powerful person