Dangote moves 20 spots to become Forbes’ 23rd richest man in the world

Forbes magazine has named the President, Dangote Group, Aliko Dangote, as the world’s 23rd billionaire, jumping 20 spots on the scale from his previous 43rd position among the elite club of the world’s richest people.

Reputed to be the leader among 40 richest people in both Nigeria and Africa, Forbes said Mr. Dangote, who was ranked 64th among the world’s most powerful people in 2013, however dropped four spots to 68th on the list.

Forbes said Mr. Dangote, who has vast investment interests in cement, sugar, flour and beverages, now valued at about $25 billion, is the first black man to attain that position among the world’s 25 richest people.

The chairman, Globacom Group, Mike Adenuga, came a distant second Nigerian on the list, with wealth valued at about $4.6 billion to keep his 325th position in the world, while Folorunsho Alakija, came the third Nigerian with $2.5 billion valuation, and 687th ranking in the world, while Abdulsamad Rabiu in 1,372th position in the world, was the fourth Nigerian. He is worth $1.2billion.

The American telecoms guru, Bill Gates, again emerged the world’s richest person on the list, followed by Carlos Helu of Mexico.

Forbes said Mr. Gates, who was worth in excess of $9billion in the last one year, has remained at the top of the list for between 15 and 20 years.

Spanish clothing retailer, Amancio Ortega, who owns the Zara fashion chain, kept the third spot on the global ranking for the second year running, extending his lead over investment guru, Warren Buffett, the fourth spot.

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