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Refinery increases Dangote’s wealth to $28bn, now 65th richest worldwide
Refinery increases Dangote’s wealth to $28bn, now 65th richest worldwide
President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest man in the World, despite the volatility of the Nigerian currency against the dollar.
Bloomberg, in its latest top 500 Billionaires Index released on Thursday, revealed that Dangote with a wealth of $28 billion had his wealth increased significantly after the commencement of operations of his newly built Petrochemical refinery, said to be worth over $20 billion. This new ranking is the highest the renowned entrepreneur has risen. He was previously ranked 83rd in 2022.
The Dangote Refinery located in Ibeju-Lekki, in the outskirts of Lagos, is the biggest single-train oil refinery in the world and one of the most complex, capable of processing most global crude types. It has the potential to transform Nigeria’s economy by making the country self-reliant for fuel. The refinery started producing premium motor spirit (petrol) in September among other products like diesel and Jet-A1, and it has more than doubled his net worth to $27.8 billion, according to the Bloomberg Billionaires Index.
No African is close to Dangote’s latest ranking as Johann Rupert, of South Africa is 174 on the world list, with a wealth of $13.6bn and Nicky Oppenheimer also of South Africa is number 224 on the world list with a wealth of $11.6bn. Other Africans on the list are: South African’s Natie Karsh, number 297 in the world with a wealth of $9.25bn, Egypt’s Nassef Sawiris on number 302 in the world with a wealth of $9.16bn, and Naguib Sawiris also of Egypt with a wealth of $7.37bn on number 407 in the world.
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The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.
The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. 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 Jeff Bezos are the richest in the world with $242billion and $210 billion respectively in their kitties, while Mark Zuckerberg and Larry Ellison followed respectively with $204 billion and $185 billion on the world’s billionaires’ chart.
It would be recalled that Aliko Dangote was also recently named as among the topmost charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of over $1.25 billion.
Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.
Refinery increases Dangote’s wealth to $28bn, now 65th richest worldwide
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New organ harvesting method uncovered in Benue
New organ harvesting method uncovered in Benue
A disturbing new method used by criminals to harvest body parts from unsuspecting victims has been uncovered in Benue State, according to the 24 Hours Road Accident Victims Support Initiative (TRAVSI).
The non-governmental organisation raised the alarm during a stakeholders’ town hall meeting organised by the Federal Road Safety Corps (FRSC) in Makurdi.
Gaddafi Asemenya, founder and CEO of TRAVSI, revealed that criminals are using flashy vehicles to intentionally hit pedestrians or motorbike riders.
He cited several recent cases, particularly involving women, where victims were brought into Makurdi from Abuja or abducted along the Makurdi-Abuja route.
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He highlighted one such case in Achusa village, Makurdi, where a victim’s body was found wrapped in a hotel blanket after organ harvesting.
Another case involved a young girl whose legs were broken before her organs were taken, and her body was discarded in Makurdi’s Welfare Quarters.
Asemenya also shared the case of Godwin Obite, a man kidnapped by organ harvesters in Abuja and transported to Makurdi.
Fortunately, he was rescued after the criminals, spooked by the presence of security forces during the #EndBadGovernance protests, abandoned him.
Asemenya urged security agencies to intensify their efforts to combat the growing threat, particularly to protect the lives of young people across the country.
In response, FRSC Assistant Corps Marshal Yusuf Haruna Mcilt warned the public to be cautious at accident scenes and not allow unknown individuals to transport victims to hospitals.
He emphasised the importance of contacting the proper emergency services and noted that FRSC officers always transported victims to known or government hospitals.
New organ harvesting method uncovered in Benue
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Bobrisky shades VDM for accepting Don Jazzy’s N100M donation
Bobrisky shades VDM for accepting Don Jazzy’s N100M donation
Nigerian socialite Bobrisky, born Idris Okuneye, has taken a moment to gleefully shade Verydarkman following the substantial N100 million donation he recently received from Don Jazzy.
Don Jazzy had supported Verydarkman’s newly established non-governmental organization with a staggering N100 million. This gesture subsequently sparked a mix of reactions on the internet with Bobrisky currently weighing in.
READ ALSO:
- Refinery increases Dangote’s wealth to $28bn, now 65th richest worldwide
- Heavy shooting in FCT as task force confronts kidnappers
- Falana tackles Agbakoba over EFCC legal status
Bobrisky hurled subtle shades at Verydarkman, emphasizing the importance of cautious criticism.
“Never criticize who you gonna later sing his praise tomorrow,” he affirmed in a cryptic post. This statement references Verydarkman’s past criticism of Don Jazzy for allegedly supporting Bobrisky during his incarceration.
Verydarkman had denounced Don Jazzy’s supposed financial aid to Bobrisky, leading to a loss of respect for the music mogul.
In a video, Bobrisky laughed mockingly at Verydarkman’s receipt of the N100 million donation. Reiterating his previous stance, he warned against criticizing individuals without foresight, as circumstances can change.
Bobrisky mocks vdm for doing a good thing to help people pic.twitter.com/ShYBxtYYV4
— Waya The Great🕷️🎻 (@wayas_opinion) October 17, 2024
Bobrisky shades VDM for accepting Don Jazzy’s N100M donation
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Heavy shooting in FCT as task force confronts kidnappers
Heavy shooting in FCT as task force confronts kidnappers
Three kidnapped victims —a woman, her daughter, and another resident—have been successfully rescued following a heavy shooting between their abductors and a joint security team at Gudunkarya forest, located along the border between the Federal Capital Territory (FCT) and Nasarawa State.
According to reports, armed men stormed Alhaji Gwandara settlement in Dafara, Kuje Area Council, in the early hours of Wednesday, abducting the victims at gunpoint.
Modu Alkali, a relative of the victims, confirmed the rescue during a telephone conversation on Thursday.
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He explained that a combined security force comprising soldiers, a police anti-kidnapping unit, hunters, and vigilantes launched an operation at the kidnappers’ hideout, resulting in a shootout.
He said, “After a heavy shootout with a joint security team, the kidnappers fled and abandoned the victims.”
The Chairman of the Miyyeti Allah Cattle Breeders Association of Nigeria (MACBAN) in the FCT, Ibrahim Ardo, also confirmed the successful rescue. He commended the security operatives for their swift intervention, ensuring the victims were safely recovered.
Meanwhile, Josephine Adeh, the spokesperson for the FCT police command, stated that she would verify the situation and provide further details.
Heavy shooting in FCT as task force confronts kidnappers
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