• About
  • Advertise
  • Contact
Tuesday, October 21, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Refinery Boost : Aliko Dangote now 65th Richest Person In The World With $28billion

…five more Africans made latest Billionaires Index

Vital News by Vital News
October 17, 2024
in Business, News
0
Refinery Boost :  Aliko Dangote now 65th Richest Person In The World With $28billion
Share on FacebookShare on Twitter

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.

RelatedStories

Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

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.

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.

Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria.

20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor.

The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.
(vitalnewsngr.com)

Tags: billionaireboostDangoterefinery
Previous Post

Nigeria Takes Delivery Of Gavi’s 846,000 Doses Of Malaria Vaccines

Next Post

FAAC Distributes N1.298trillion September Revenue To FG, States, LGs

Vital News

Vital News

RelatedStories

Ember Months : FRSC, Fleet Operators, Driving Schools,  Partner To Enhance Safety On Roads
News

Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads

October 20, 2025
Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities
News

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

October 20, 2025
ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities
News

ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

October 20, 2025
APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement
News

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

October 20, 2025
NDLEA Bursts Consignments Of Drugs Going To US, UK, DRC, Arrests Two Suspects
Crime

NDLEA Bursts Consignments Of Drugs Going To US, UK, DRC, Arrests Two Suspects

October 19, 2025
Next Post
FAAC Shares N1.35tn June Revenue Among FG, States, LGs

FAAC Distributes N1.298trillion September Revenue To FG, States, LGs

Amotekun Corps Recover Decaying Corpses Of Two Girls In Ekiti

Tinubu Appoints Mrs Walson – Jack As New HoS, Thanks Yemi – Esan For Stewardship

No More Fuel, Forex Subsidies, FG Declares

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

FG Releases Funds To Pay Withheld Salaries Of Striking NASU,SSANU Members

FG Releases Funds To Pay Withheld Salaries Of Striking NASU,SSANU Members

12 months ago
Abuja Chief Pharmacist Sentenced To Life Imprisonment For Rape/Sodomy, NAPTIP Lauds Judiciary

Lagos Landlord Sentenced To Life Imprisonment For Defiling Tenant’s Children

2 years ago

Purchase of N1.14bln Vehicles for Niger Republic In Order – FG

3 years ago
Coca – Cola Announces Plan To Invest Fresh $1billion In Nigeria During Meeting With President Tinubu

Coca – Cola Announces Plan To Invest Fresh $1billion In Nigeria During Meeting With President Tinubu

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

NDLEA Bursts Consignments Of Drugs Going To US, UK, DRC, Arrests Two Suspects

Man Suspected To Be Drug Supplier To Bandits Arrested In Kogi With N600,000 Cash

2027 : Kogi APC Members Adopt, Endorse President Tinubu, Ododo For Second Term In Office

Acting National Chairman, National Secretary Can Take Decisions On behalf Of SDP, Appeal Court Rules Against INEC

Trending

Ember Months : FRSC, Fleet Operators, Driving Schools,  Partner To Enhance Safety On Roads
News

Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads

by Vital News
October 20, 2025
0

The Federal Road Safety Corps (FRSC) says it is intensifying partnerships and capacity-building engagements with fleet operators...

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

October 20, 2025
ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

October 20, 2025
How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

October 20, 2025
APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

October 20, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads October 20, 2025
  • Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities October 20, 2025
  • ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities October 20, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In