Aliko Dangote, $11.2 billion
Nigeria, Sugar, Cement, Flour
Africa’s cement king has shed more than $2.6 billion from his net worth since last year as a consequence of Nigeria’s floundering stock market. But don’t feel sorry: Dangote still remains the richest man on the continent. He famously started trading commodities three decades ago with a business loan from an uncle, then went on to build the $15 billion (combined market capitalization) Dangote Group which now has interests in everything from sugar refineries, flour milling, salt processing and cement plants in Nigeria, Zambia, Senegal, Tanzania and South Africa.
On the cover of the May 2012 issue is Africa’s richest man – Aliko Dangote. Aliko Dangote is the third Nigerian to grace the cover of the magazine since its launch.
This issue is surely one to read as Aliko Dangote speaks on bombs, unrest, investment, the indomitable Nigerian entrepreneur and his plans to give some of his self made billions.
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