President of Dangote Group, Aliko Dangote, has moved 20 spots from his earlier position of 43rd richest person in the world to being the 23rd richest man in the world, while also retaining his position as the richest man in Africa, according to the influential Forbes Magazine.
The mogul, who has interests in cement, sugar, flour and beverages, is now worth $25 billion and is also the first black man to be named among the 25 richest people in the world.
Mike Adenuga, owner of indigenous telecoms company Globacom, was next to Dangote on the list, with a wealth of $4.6 billion, maintaining 325 position in the world, while Folorunsho Alakija, with $2.5 billion, was 687th in the world and AbdulSamad Rabi’u ranks 1372 in the world, with $1.2 billion.
American billionaire, Bill Gates has reclaimed the title of world’s richest person from telecom mogul Carlos Slim Helu of Mexico, after a four-year hiatus.
Gates has raked in an extra $9 billion in the last one year and has been at the top of the list for 15 of the past 20 years.
Spanish clothing retailer, Amancio Ortega (best known for the Zara fashion chain) retains the number three spot for the second year in a row, extending his lead over Warren Buffett, who is again number four.
Dangote has also been named the world’s 68th most powerful person.