Dangote maintained his lead on the continent as the richest African man, ranking number 109th in the world.
Musk is the chief executive officer of Tesla, a maker of electric vehicles. The Palo Alto, California-based company sells sedans, sport utility vehicles, and is the state’s largest automotive employer. He’s also the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station.
Musk is followed by another United States billionaire, Jeff Bezos who took the second position with $196 billion by having his wealth increased by $5.30 billion; while Bernard Arnault and Bill Gates are on the third and forth positions respectively with $161 billion and $134 billion net value in that order.
Bezos is the founder of both Amazon, the world’s largest retailer, and Blue Origin. With an estimated net worth of $177 billion, he is the second richest person in the world.
Dangote, Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N891.7 billion ($2.5 billion) in 2019. It also has interests in sugar, salt, oil, fertilizer and packaged food.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.
Dangote was the only Nigerian on the list of the top 500 billionaires that was released on the website of Bloomberg yesterday.
Africa’s richest man, with his improved worth of $17.9 billion, controls Dangote Industries, a closely-held conglomerate.