Forbes has named Aliko Dangote the first $20 Billion man in Africa.
The Nigerian billionaire’s greatest stock holding is in his Dangote Cement Company. He has a 93% share now valued at $19.5 Billion.
Add that to his other stocks in other businesses and he easily surpasses the 20 billion dollar threshold.
The recent past saw the share price of stocks in Dangote Cement surge, which was seen as a market response to the remarkable first quarter results the company posted.
The Nigerian now becomes one of the top 25 wealthiest people in the world.
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