HOW DANGOTE BECOMES THE AFRICAN RICHEST MAN

PRESIDENT of Dangote Group, Alhaji Aliko Dangote, has emerged the richest man in Africa, for the first time, with a networth of $13.8 billion, according to a report from the Forbes annual world’s billionaires ranking, released on Wednesday. The 14 Africans on the 2011 Forbes Rich list are made up of two Nigerians, four South Africans and eight Egyptians. The Aliko Dangote ’s fortune surged 557 per cent in the past year, from 436 positions to 51 in 2011, making him the world ’s biggest gainer in percentage terms and Africa ’s richest individual for the first time.Dangote began his career as a commodities trader; built his Dangote Group into a conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, real estate, oil and gas among others. Dangote is not only the richest black man but he is also richer than Mark Zuckerberg, founder of Facebook.
Also in the world *Carlos slim is the first, The net worth of Mexico’s Slim, 71, whose holdings
include the largest mobile phone operator in the
Americas, rose $20.5 billion.
*Bill Gates, 55, chairman of Redmond, Washington- based Microsoft Corp. (MSFT),
was second again as his net worth rose $3 billion to $56
billion.
*Warren Buffett, 80,
chief executive officer of Omaha, Nebraska_based
Berkshire Hathaway Inc. (BRK/A), held on to third place with $50 billion.