Nigerian business tycoon Aliko Dangote overtook two Russians, one Chinese, and an Indian on the list of billionaires on Monday after making N460 billion in a day.
The CEO of Dangote Group made a profit following increased demand for Dangote Cement, earning about $100 million, beating his fellow billionaires.
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He maintains a majority share at his cement company following the announcement of a significant share buyback two weeks ago.
According to the Bloomberg Billionaire Index, Dangote remains Africa’s richest man, a feat he has maintained for 12 years.
