Aliko Dangote remains the only African billionaire among the world’s 100 richest people for 2019 - Humbsblog.com

Africa’s wealthiest man and philanthropist, Aliko Dangote is the only African billionaire competing among top 100 members of the three-comma club in the world.

According to the Bloomberg Billionaire Index, the billionaire industrialist is the 75th richest man in the world in 2019. In the last one year, Dangote has added another $6 billion to his wealth, maintaining his wealth status on the African soil at $6.5 billion as of July 5, 2019.

In the last one year, Dangote has added another $6 billion to his wealth, maintaining his wealth status on the African soil at $16.5 billion as of July 5, 2019.

Other Africans on the billionaires on the Bloomberg Billionaires Index for world’s 500 richest people include Natie Kirsh (South Africa) and Johann Rupert (South Africa). The Bloomberg Billionaires Index ranks of the world’s richest people daily using their net worth and their daily business stock activities.

Last year, the billionaire businessman had said that he wants to become the biggest philanthropist in Africa, asides being the continent’s richest man. He said the motivation gave birth to Aliko Dangote Foundation, on whose platform more than N2 billion had been disbursed across states.

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2019 Africa’s Rich & Famous and How They Made Their Money

There are a lot of really interesting things about the remarkable continent of Africa. From the natural beauty and resources to the different cultures and all they have to offer, Africa is truly amazing. What people might not have realized about Africa is that it also has its share of billionaires and millionaires.

These charismatic, wealthy individuals have their own unique backstories and ways they obtained their riches. The richest Africans in the world run businesses operating in many different industries.

These industries include textiles, food production, agriculture, diamonds, communication, and more. Diversification and investments also have helped generate a lot of wealth. Click through to see the world’s wealthiest Africans.

Company: Dangote GroupNet Worth: $14.1B
Country: Nigeria

A list of Africa’s richest would not be possible without Aliko Dangote. His net worth is $14.1 billion, making him the richest man on the continent. Aliko was born in Kano, Nigeria.

He owns the Dangote Group. The Dangote Group owns stakes in many different industries. What really helped Dangote get his start was cement.

Aliko owns Dangote Cement, which is Africa’s largest producer of cement, making more than 44 million tons of cement annually. The Dangote Group has stakes in sugar, flour, and salt manufacturing companies as well, giving it a diversification edge.

Company: GlobacomNet Worth: $4.2B
Country: Nigeria

Born in Idaban, Nigeria, Mike Adenuga has a net worth of $4.2 billion. He owns the company Globacom. Globacom is the second-largest telecommunication provider in Nigeria.

In addition to owning Globacom, Adenuga also has stakes in several ventures. He owns investments in the Equitorial Trust Bank and Conoil. Conoil is an oil exploration firm that has proven to be very lucrative for Adenuga.

He got his first oil drill in 1990, and, just one year later, he struck oil. Adenuga’s company was the first indigenous drilling company to achieve this.

Company: CevitalNet Worth: $3.2B
Country: Algeria

With a net worth of $3.2 billion, Issad Rebrab resides in the same country in which he was born: Algeria. The Algerian businessman founded Cevital, which is Algeria’s largest privately-owned company.

Rebrab founded Cevital in 1998. From there, it has expanded into tons of different industries. Rebrab’s company owns stakes in agriculture, food sectors, retail sectors, and services related to those industries.

Cevital didn’t just stop there. It has several subsidiaries as well, including EXAGON SAS, Alas Iberia, SLU, Ness-Prod, and more. Rebrab may have gotten his start in food production, but his businesses have expanded far beyond that.

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Dangote Discloses How Much Petroleum Products From His Refinery Will Be Sold

The President of Dangote Group, Alhaji Aliko Dangote, has said premium motor spirit (PMS) or petrol that will be refined from Dangote Refinery will not be sold at Federal Government’s regulated price.

This ends the speculation about how much the pump price petrol from the first private refinery will attract when it begins operation next year.

Dangote spoke on the sidelines of the visit of Central Bank Governor Godwin Emefiele to the refinery in Lagos.

Dangote said though the plan is not to concentrate on export entirely, he noted that petroleum products from the refinery will be sold at the export rate.

He said it is the duty of the Federal Government to determine the price of fuel, adding that he doubts whether fuel subsidy will continue but if it does, the government can engage the company to find a mid-ground on how to tackle the issue of subsidy.

He said: “We are not here to concentrate on export but the pricing of products depends entirely on the government. If there will be a subsidy, which I doubt very much, that is the job of government, not the job of Dangote to determine what the price will be. But the price of our export is what we sell, which will depend on what the market is internationally, and locally if there will subsidy, the government will carry that responsibility and not us. The government has to engage us and see how they can find a mid-ground on that.”

On job creation, Dangote said the refinery and petrochemical project is transformational. Considering that Nigeria depends on importation to meet its fuel consumption needs and the attendant huge subsidy to keep pump price at regulated price of N145 per litre, he said the project will create massive jobs.

According to him, most filling stations don’t sell fuel because of lack of fuel in view of issues around importation, adding that when the refinery begins operation, it will put these filling stations and their workers back to work.

He said: “Currently, more than 26,000 people are working on the project and at the height of the project, the number of workers will soar to about 80,000 people and there will be more than 50,000 workers living internally in the company.”

Emefiele promised the apex bank’s assistance to other refineries’ licensees whose banks can vouch for their creditworthiness.

Emefiele said: “CBN’s support depends on the company’s capacity. I have not seen any other person that has received government licence to set up a refinery. In any case, you don’t come directly to CBN, you have to go through your bank and your bank has to assess your capacity to be able to take on the project.

“My suggestion is that if there are people that have interest in CBN’s support, they should go to their banks and if their banks are able to display their creditworthinessto be able to access such facility, CBN is ready to support them in naira and dollar that they need to import equipment that will enable them to conduct their businesses.

“I have not seen any, if I see any through their banks, I can assure they will receive this kind of support Dangote got from CBN.

The apex bank chief also stated that the refinery and petrochemical project is funded by 60 per cent of Dangote’s equity with the remaining 40 per cent funded by debts from local and foreign banks and CBN’s support.

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Billioanire businessman, Jimoh Ibrahim's mother killed in a fire incident in Lagos

The mother of billionaire businessman, Jimoh Ibrahim, Theresa Jimoh, has died after she was caught up in a fire incident at her home in the Victoria Garden City, Lagos state today January 19th.

According to reports, the 76-yar-old woman was asleep when the fire started at about 2am. She was burnt to death before the fire could be put out by the Lagos state Fire service.

The cause of the fire is yet to be ascertained.

Her body has been deposited in a morgue.

May her soul rest in peace, Amen.

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Aliko Dangote Early And Personal Life by Ukpono Etuk

Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family. He is the great-grandson of AlhajiAlhassan Dantata, the richest African at the time of his death in 1955. Dangote has said:

"I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time."

Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. He has a bachelor's degree in business studies and administration from Al-Azhar University, Cairo.

Dangote is married, with three children, and lives in Lagos, Nigeria.

He has been married four times, and his first three marriages ended in divorce. He has a total of 3 children from these marriages.

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Fact About Aliko Dangote by Ukpono Etuk

Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2018, he had an estimated net worth of US$14.1 billion.

Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. 

^He surpassed Saudi-Ethiopian billionaireMohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world's richest person of African descent.

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