Aliko Dangote, president of Dangote Group remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar.
This recognition came after the endowed his foundation, the Aliko Dangote Foundation to the tune of $1.25 billion.
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. Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert and family of South Africa, now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37billion and $5.93 billion respectively.The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
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.
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