Aliko Dangote, President of the Pan-African Conglomerate, the Dangote Group, has been named the richest man in Africa for the 12th time, according to Forbes.
This was revealed in a statement issued on Tuesday titled ‘Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year’.
It stated that Dangote, whose business flagship, Dangote Cement Plc, is Africa’s largest cement producer, is the only Nigerian on the list of the world’s first 200 richest men, with an estimated net worth of $14.2 billion, up from $12.1 billion last year.
It should be noted that South African Johann Rupert was named Africa’s richest man by Forbes Magazine in June, with a net worth of $12 billion.
The statement said;
 Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.
Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1bn.
The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.
