{"id":777349,"date":"2020-01-06T12:55:34","date_gmt":"2020-01-06T12:55:34","guid":{"rendered":"https:\/\/ghana-mma.com\/2020\/01\/06\/dangote-ends-2019-4-3-billion-better-off\/"},"modified":"2020-01-06T12:55:34","modified_gmt":"2020-01-06T12:55:34","slug":"dangote-ends-2019-4-3-billion-better-off","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/01\/06\/dangote-ends-2019-4-3-billion-better-off\/","title":{"rendered":"Dangote ends 2019 $4.3 billion better off"},"content":{"rendered":"

<\/p>\n

\n
\n
\"Nigerian
Nigerian businessman, Aliko Dangote
\n<\/figcaption><\/figure>\n<\/div>\n

Aliko Dangote, Africa\u2019s richest man, became $4.3 billion
\nricher in 2019 as his fortune continued to grow on the back of investments in
\ncement, flour and sugar.<\/p>\n

The 62-year-old Nigerian business magnate and Africa\u2019s most
\nprominent industrialist ended the decade with a net worth of almost $15
\nbillion, making him the 96th wealthiest man in the world, according to the
\nBloomberg Billionaires Index.<\/p>\n

Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21. <\/p>\n

\"\"
Aliko Dangote Chairman and CEO of Dangote Group <\/figcaption><\/figure>\n

He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports. <\/p>\n

His critics still accuse him of taking advantage of his closeness to the government to gain an unfair market advantage, a claim he has repeatedly dismissed.<\/p>\n

His conglomerate, Dangote Industries, includes the biggest cement company on the continent, the Lagos-listed Dangote Cement Plc. <\/p>\n

That\u2019s one of four publicly traded companies under the Dangote umbrella that account for more than a fifth of the value of the Nigerian stock exchange.<\/p>\n

The year 2020 could be a significant one for the billionaire, who is close to completing one of the world\u2019s largest oil refineries in Nigeria. <\/p>\n

The plant has the capacity to meet more than Nigeria\u2019s entire fuel consumption and could transform an economy that currently imports all its refined product needs. <\/p>\n

Dangote is also constructing a fertilizer factory on the same site.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nigerian businessman, Aliko Dangote Aliko Dangote, Africa\u2019s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. 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