One of Africa’s wealthiest persons and consummate businessman, Aliko Dangote has climbed back to the Zenith of the continent’s rich list after a sudden plunge earlier on.
The Nigerian who was dethroned by South African billionaire, Johann Rupert has since reclaimed his throne on Forbes.
Dangote’s recent meteoric rise back to the zenith of Africa’s rich list has dazzled the business scene.
Dangote leaped an impressive 56 places, inching closer to the coveted top 100 list.
The latest data unveils the magnate’s fortune soaring by over N217 billion in a remarkable 24-hour surge, attributed to the stellar performance of Dangote Cement on the Nigerian Stock Exchange (NGX).
As of January 10, 2024, Dangote catapulted from the 192nd to the 137th spot on the global billionaire index, marking a remarkable turnaround after starting the new year at a decade-low level.
Forbes billionaire index reports a staggering $229 million (over N217 million) surge in Dangote’s wealth within a single day, culminating in a net worth of $13.8 billion by January 11, compared to the previous day’s $10.3 billion.
A closer look at the Nigerian Exchange reveals the commendable performance of Dangote Cement, with shares experiencing a three-day upward trajectory. Starting the week at N325 per share, the unit’s value soared to N350. Likewise, Dangote Sugar witnessed a positive surge, elevating its share price from N65 on Monday to an impressive N67.5 by Wednesday.
Culler in by Fortune Omosola
