Tuesday, 4 March 2014

Dangote retains his spot as Africas Richest Man

Nigerias billionaire Aliko Dangote is still the richest African alive according to Forbes rating.
Nigerian business mogul, Aliko Dangote has made
history as the first black man to break into the rank
of top 25 richest people in the world with a wealth of
$25 billion from $16.1 billion in 2013, according to
Forbes Magazine lists of the richest people in the
world. For the fourth year running, Dangote retained
his position in Africa as the richest man of the
continent.
Meanwhile, Bill Gates has, according to Forbes
regained the title of Richest Person in the World
following an upsurge in the value of Microsoft stock.
Although Bill Gates has held the top spot for 15 of
the past 20 years, the last four years had seen
Mexico’s Carlos Slim take the crown from the former
Microsoft CEO. Thanks to a marked increase in the
value of Microsoft stock over the last year, though,
Gate’s fortune has risen to new heights, with Forbes
estimating his net worth as being $76 billion. In
comparison Slim is now worth $72 billion.
Gates has risen to the top again despite his Microsoft
stock taking up less than a third of his fortune, with
Forbes pointing out that Steve Ballmer may soon
have more stock than Gates, making him the
company’s biggest shareholder.

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