Dangote earns N460 billion in a day, overtakes 2 Russians, 1 Chinese and Indians Dangote Cement increases net worth This comes after the company announced a share buyback two weeks ago happened.
Dangote Cement shares performed well on the Nigerian Stock Exchange, trading at N288 per share.
The performance was driven by increasing demand for cement across Africa, with Dangote Cement maintaining a firm grip and having the largest market share in its main market, Nigeria.
Dangote beats two Russians and two Asians
Africa’s richest person, whose refinery is set to start operations this year, ranks him 83rd on the Billionaires Index He surpassed two Russians, Alexei Mordashov and Alisher Usmanov.
Dangote lost 2 positions as he was 81st at the table, but last week he lost his N13 billion.
It also maintains a clear lead over Chinese consumer goods retailer Chuan-Fu and Indian commodities billionaire Lakshmi Mittal. With a net worth of $19.7 billion, Dangote is the richest person in Africa, ahead of Johann Rupert and Nicky Oppenheimer and their families.
Africa’s Top 8 Richest
Johann Rupert & Family.
Nicky Oppenheimer and family.
Issad Rebrab & Family.