Forbes ranks Dangote 124th among world’s richest men

Forbes ranks Dangote 124th among world’s richest men

President of the Dangote Group, Aliko Dangote, has been ranked 124th among the world’s richest billionaires.

He however maintains the position of the richest man in Africa.

Fortune Magazine in its latest ranking gave a list of the top 10 greatest men and women as Bill and Melinda Gates, Jacinda Ardem, Robert Mueller, Pony Ma and Satya Nadella

Others are Greta Thunberg, Margrethe Vestager, Anna Nimiriano, Jose Andres, and Dough Mcmillon and Lisa Woods.

Dangote had earlier been rated 11th of the 50 world’ greatest men and women of all time by Fortune Magazine, an American multinational business publication.

He is the only Nigerian on the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Dangote’s business flagship, Dangote Cement Plc, is the largest producer of cement in Africa.

Forbes said in its latest ranking of world billionaires that falling stocks, wounded unicorns and rising interest rates adversely affected the world’s wealthiest people.

South Africa’s Johann Rupert, who deals in luxury goods, was ranked 157th with a net worth of $11.1 billion.

Dangote Petroleum Refinery is considered the world’s largest single-train refinery.

It was recently inaugurated and is expected to process 650,000 bpd of petroleum for domestic use and export.