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Africa's Richest Man Aliko Dangote's 2019 Fortune

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 2 January 2020.

On the back of investments in cement, flour, and sugar, Aliko Dangote, Africa's richest man, saw his fortune grow by $4.3 billion (Sh434 billion) in 2019.

According to the Bloomberg Billionaires Index, the 62-year-old Nigerian businessman and Africa's most prominent industrialist ended the decade with a net worth of almost $15 billion (Sh1.5 trillion), making him the 96th wealthiest man in the world.

Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21.

As the decade comes to a close, Dangote's business empire continues to thrive, with the Nigerian businessman's net worth expected to continue growing in the years to come.

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