President of the Dangote Group Aliko Dangote has regained his position as Africa’s richest man.
His $15.6 billion wealth puts him ahead of South Africa’s Johann Rupert, who last month reportedly toppled him with his $13.3 billion.
Dangote, according to Bloomberg, is the only Nigerian on its list of the top 500 billionaires.
Other Africans listed in the latest top 500 world billionaires list for this year are Rupert; Nicky Oppenheimer ($ 9 billion) and Natie Kirsh ($7.37 billion). Oppenheimer and Kirsh are also South Africans.
Two Egyptian brothers- Nassef Sawiris and Naguib Sawiris —are worth $7.47 billion and $5. 93 billion respectively.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
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It measures personal wealth based on changes in markets and the economy.
Each net worth figure is updated every business day after the close of trading in New York.
Stakes in publicly traded companies are valued, using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.
Ellon Musk and Bernard Arnault are the richest with $ 219 billion and $194 billion respectively in their kitties.
Jeff Bezos and Bill Gates followed respectively with $151 billion and $130 billion. Larry Ellison is the fifth richest with $130 billion
Dangote recently inaugurated a $19bn petroleum refinery plant, which is now Africa’s largest refinery.