The president of Dangote Group has moved up in the yearly released world billionaires’ list with an estimated networth of $16.6 billion.
The Africa’s richest man was previously ranked 103rd in the world.
Dangote was the only Nigerian listed on the top 500 billionaires released by Bloomberg.
Jeff Bezos, Amazon CEO, remains the richest in the world with $136 billion networth, while Bill Gates, Microsoft CEO, was ranked at second with $98.4 billion networth.
Warren Buffett, was ranked as the third on the released world billionaires’ list with a networth of $83 billion.
There are only five Africans on the Bloomberg list of the world’s top 500 billionaires, with Dangote topping the list of Africans.
However, the remaining four Africans are Nicky Oppenheimer of South Africa, who was ranked No. 216 with an estimated worth of $7.05 billion; Johann Rupert of South Africa (ranked No. 225 with an estimated worth of $6.92billion) and Natie Kash of South Africa (ranked No. 263 with an estimated worth of $6.10billion). The fifth and last African on the list of 500 HNW individuals was Naguib Sawiris of Egypt, ranked No. 331 with an estimated fortune of $5.12billion.