{"id":89659,"date":"2021-12-08T18:24:58","date_gmt":"2021-12-08T17:24:58","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=89659"},"modified":"2021-12-08T18:24:58","modified_gmt":"2021-12-08T17:24:58","slug":"dangote-now-richer-than-over-30-african-countries-as-price-of-dangote-cement-rises","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/dangote-now-richer-than-over-30-african-countries-as-price-of-dangote-cement-rises\/","title":{"rendered":"Dangote Now Richer Than Over 30 African Countries as Price of Dangote Cement Rises"},"content":{"rendered":"
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Aliko Dangote is still climbing the ladder of wealth in Africa as he recently emerged richer than most African countries<\/div>\n
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\nHis networth surged as his companies, Dangote Cement and his fertilizer plant saw a great leap in sales that catapulted him to the top.<\/div>\n
\nThe businessman’s humble beginning is a source of inspiration but many say he was treated with favouritism by successive governments in Nigeria over the years.<\/div>\n
<\/div>\n
Africa\u2019s richest man, Aliko Dangote\u2019s worth has risen by N8.4 trillion due to recent demands for his cement unit, Dangote Cement and the recently completed fertilizer plant.<\/div>\n
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According to a Bloomberg’s report, his wealth surged to $20.1 billion (N8.4 trillion) last Friday.<\/div>\n
\nBloomberg\u2019s Billionaire Index put his networth at $26.27 billion (N11 trillion) which he achieved in 2014.<\/div>\n
\nDangote bounced back because of the surging price of his Dangote Cement. Higher oil and fertilizer prices also helped to shore up his wealth by as much as N8.2 trillion this year to N8.4 trillion ($21.2billion). This is the richest he has been since 2014, Bloomberg reports.<\/div>\n
<\/div>\n
High Cement demand and the rising price of construction materials in Nigeria have helped to boost revenue at Dangote Cement, one of his main assets.<\/div>\n
\nThe 64-year-old is about to complete a $19 billion (N7.8 trillion) refinery with the capacity to supply Nigeria with refined petroleum products.<\/div>\n
\nHe also started exporting fertilizer to the U.S and Brazil after the completion of his fertilizer plant with a capacity to produce 3 million tons of urea and ammonia yearly.<\/div>\n
\nAfrican nations worth less than Dangote<\/div>\n
\nOf the 54 countries in Africa, only 20 are richer than Dangote. He will be on number 21 in the list in comparison to other African countries if he were a country, according to VON Digest.<\/div>\n
<\/div>\n
He is richer than Burundi, Somalia, Burkina Faso, Central African Republic, Mozambique and others.<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Aliko Dangote is still climbing the ladder of wealth in Africa as he recently emerged richer than most African countries His networth surged as his companies, Dangote Cement and his…<\/p>\n","protected":false},"author":1,"featured_media":72862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-89659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nDangote Now Richer Than Over 30 African Countries as Price of Dangote Cement Rises - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/dangote-now-richer-than-over-30-african-countries-as-price-of-dangote-cement-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote Now Richer Than Over 30 African Countries as Price of Dangote Cement Rises - 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