Feature NewsLifestyleNews

How Aliko Dangote made Ksh 52.3 billion in 8 hours

How Aliko Dangote madeKsh 52.3 billion in 8 hours

Africa richest man Aliko Dangote has made a whooping Ksh. 52.3 billion in eight hours placing him as 91st richest man in the World.

On Friday 4th 2021, the stock exchange rate of his Cement company which is the biggest in Africa increased by 5.45%. This went a long way in giving him more than Ksh. 50 billion in less than 8 hours.

Aliko Dangote Cement plant in Ethiopia

According to Bloomberg index, Dangote is worth 20.1 billion US Dollars which is 5.25% external reserve of 40.1 billion US Dollars.

Dangote also runs a couple of companies under Dangote industries as a conglomerate. He earns a good fortune from his cement, fertilizer, oil and sugar companies. He also owns several residential and commercial houses in Lagos, the capital City of Nigeria. His 19 billion US Dollars oil refinery company which is almost complete is likely to grow his wealth.

Related Articles

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please turn off the Ad block