Dangote Closed 2019 $4.3 Billion Richer – Report

Africa’s richest man, Aliko Dangote closed 2019 smiling all the way to the bank as he got $4.3 Billion richer, The Chronicle reports.

A statement cited by the publication, published by APO Group about Dangote reads:

Aliko Dangote, Africa’s richest man, became US$4,3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports.

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. His conglomerate, Dangote Industries, includes the biggest cement company on the continent, the Lagos-listed Dangote Cement Plc

More: The Chronicle

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