Africa wealthiest man, Aliko Dangote is closer to 30billion dollars networth, After raking in 497 million dollars in stock gains

In August, Business Insider Africa, using the Bloomberg Billionaires’ index, reported that Aliko Dangote was $700 million shy of hitting the almost elusive $30 billion mark

As of 13th of October, the same index has Dangote’s net worth at $29.6 billion, $400 million away from entering the $30 billion club.

This denotes that the Nigerian billionaire is the closest he has ever been to that mark, and could, before the year runs out, become the first African billionaire in modern history to be worth $30 billion.

However, as presently constituted, Bloomberg’s index currently estimates that Dangote’s last change in net worth stands at +$401 million, while the year-to-date change stands at +$1.51 billion.

The increase in Dangote’s fortune coincides with his latest initiative for his cement operations across West Africa, with the commissioning of a $160 million plant in Attingué, about 30 kilometres north of Abidjan, Côte d’Ivoire.

The 50-hectare complex would be able to produce three million metric tonnes per year, making it one of the company’s largest sites outside Nigeria.

According to corporate data, the Attingué facility extends the number of Dangote Cement plants in African countries to 11, increasing the group’s total installed capacity on the continent to nearly 55 million tonnes per year.