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Nigerian Tycoon Aliko Dangote's Wealth Reportedly 'Surges' Its Highest Since 2014

Aliko Dangote, the prolific Nigerian businessman, is ranked as the richest Black man in the world. While being birthed into a wealthy family, Dangote has accumulated his own wealth by becoming the largest exporter of crude oil in Africa and his investments in cement, flour and sugar. Now, Dangote’s wealth has reportedly surged. Bloomberg reports that the tycoon’s wealth is heading to close out 2021 with a bang. “The rising share price of his Dangote Cement Plc and higher oil and fertilizer prices helped boost the 64-year-old Nigerian businessman’s wealth by as much as $2.3 billion this year to $20.1 billion as of Dec. 3, the richest he has been since 2014,” the outlet reported.

Ngozi Nwanji

Dec 3, 2021