[Read This] Dangote Now Ranks 23rd Richest Man In The World

Nigerian business mogul, Alhaji Aliko Dangote, is now the 23rd richest man in the world, Forbes Magazine announced on Thursday, 6 November, 2014.

According to the latest ranking, Dangote, with a $25 billion net worth, retained his position as Africa’s richest man.

He has held that position for the fourth successive year.

The influential Forbes Magazine rates Dangote on the list of 25 richest people in the world.

The Nigerian businessman, with interests in cement, sugar, beverages and petrochemical, is now ranked 23 up 43rd among the 100 richest persons in the world.

Dangote is said to be presently the first black man to break into the rank of top 25 richest people in the world.

Mike Adenuga, owner of indigenous telecoms company Globacom, was the next Nigerian to Dangote on the list with a wealth of $4.6 billion, maintaining 325 position in the world.

Folorunsho Alakija, with $2.5 billion, was 687 in the world and Abdulsamad Rabiu ranks 1372 in the world, with $1.2 billion.