Aliko Dangote is 24th Richest Man on Earth with $26.4b to His Name

Africa’s richest man is looking beyond cement, sugar and flour–the three commodities that built his fortune–to the oil business. In April, he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery, fertilizer and petrochemical complex in the country. His publicly traded Dangote Cement is also grabbing new markets in Africa, with $750 million in new plants planned for Kenya and Niger. He made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.

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