According to new Bloomberg figures, Dangote, Africa’s richest man, has increased his net worth to $32.8 billion year to date, representing a rise of $2.79 billion.
He was valued at $30.4 billion at the start of the year and is currently the world’s 73rd-richest person, according to Bloomberg.
He now has a net worth of $12.5 billion, with a year-to-date gain of $2.33 billion.
With this increase, he is now the 267th richest person in the world and the fourth richest African, according to Bloomberg.
The two Nigerians’ success is even more impressive when compared to other African billionaires.
Despite starting the year strong, with a net worth of $19.7 billion, his year-to-date change is now -$331 million, placing him as the world’s 141st richest person.
Similarly, Africa’s third-richest man, South Africa’s Nicky Oppenheimer, has a current net worth of $14.1 billion and a year-to-date increase of +$225 million, which is respectable but significantly lower than the profits made by Dangote and Rabiu.
Egyptian billionaire Naguib Sawiris is the sixth richest African on the index, with a net worth of $11.3 billion and a year-to-date rise of $718 million.
Just last week, Bloomberg data showed Rabiu’s net worth rising to $11.3 billion, up $1.21 billion year to date, edging out Sawiris, who had the same overall wealth but a lesser YTD rise of roughly $700 million.
The momentum represents a continuation of Rabiu’s steady rise.
Last year, he firmly established himself as one of Africa’s top five wealthiest individuals, joining Dangote as the only two black billionaires who have continuously ranked at the top of the continent.
