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Aliko Dangote net worth: Nigerian business magnate’s fortune explored as DJ Cuppy refutes Kanye West’s ‘richest black man in the world’ statement

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Florence Otedola, also referred to as DJ Cuppy, has said that her godfather Aliko Dangote is the richest black man on the earth.

She shared a tweet on January 16 the place she disapproved of the claims of rapper Kanye West, who mentioned he was the richest black man alive.

Her tweet says:

Florence’s newest tweet may very well be associated to Kanye’s current declaration that he’s the richest black man on the earth.

Aside from Cuppy, Forbes additionally referred to as West’s claims invalid. Forbes revealed that Aliko Dangote is the richest black man globally with a internet value of round $13.5 billion.


Aliko Dangote is value billions

The Kano, Nigeria native, is the chairman and CEO of Dangote Group, a Nigerian multinational industrial conglomerate.

Based on Investopedia.com, the 64-year-old’s internet value is estimated to be round $12.1 billion. Aliko Dangote’s major supply of revenue is his firm, Dangote Cement, though he started his enterprise empire by promoting objects like sugar, salt, and flour.

He grew up in a wealthy household, however was entrepreneurial from a younger age and began his first enterprise by taking a mortgage from his uncle.


Aliko Dangote’s enterprise pursuits revolve round a number of industries like oil and fuel, client items, and manufacturing. Nevertheless, his firm covers nearly all of the conglomerate’s income and Dangote owns 85% of it.

Forbes mentions that the subsidiary produces virtually 45.6 million metric tons of cement yearly and is lively in 10 African international locations.

Aliko Dangote is the proprietor of the world’s third-largest sugar refinery. Dangote Cement Group reported quarterly income of round 332.7 billion Nigerian nairas.


Internet value will increase to $20.1 billion

Bloomberg Billionaires Index said that Aliko Dangote’s wealth elevated by $2.3 billion, swelling his internet value to $20.1 billion in December 2021. The best wealth he earned in response to the index was $26.7 billion in 2014.

Aliko holds a specific amount of direct and oblique shareholdings within the cement firm. Nairametrics says that the 14.33% improve within the share value from 12 months to this point pegs his value by shares to N4.10 trillion, incomes earnings of virtually N514.18 billion.

Aliko Dangote is at the moment targeted on constructing a $19 billion refinery. He has mentioned that he wish to take over Arsenal Soccer Membership after its completion. The refinery has a every day capability of 650,000 barrels per day, which is able to meet Nigeria’s on a regular basis gas demand.

Aliko additionally started exporting fertilizer to U.S. and Brazil after the completion of a plant with the power to supply 3 million tons of urea and ammonia per 12 months.


Kanye West calls himself “the richest black man on the earth”

Kanye West’s relationship with Kim Kardashian gained a big quantity of recognition among the many public.

West and Kardashian’s relationship took a worse flip in the course of the 2020 presidential election. Reviews then claimed that Kim was executed with him and needed a divorce.

It was reported in February 2021 that the couple was heading for a divorce and the issues between them have been seen on the time.

Whereas chatting with Jason Lee for Hollywood Unlocked lately, the favored artist revealed an incident as he tried to enter Kim’s home. He additionally accused Kardashian’s boyfriend, Pete Davidson.

West revealed in the course of the interview that safety stopped him on the gate from coming into Kardashian’s home. Ye mentioned:

“My daughter needed me to go inside. I used to be like, I’m the richest Black man and North’s father, proper, and the safety was in a position to cease me from going into the room with my daughter and that had not been outlined. And I’m listening to that the brand new boyfriend is definitely in the home that I can’t even go to.”

The 44-year-old mentioned that he requested his cousin to speak with Kim about safety coming between him and his youngsters. He additionally talked about asking his cousin to speak about his daughter’s TikTok dwell incident, saying that his youngsters received’t be on TikTok with out his permission.