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The Economic Times
The Economic Times
Trending Desk

Africa's richest man's first business was selling sweets at school, now Aliko Dangote is wealthier than China's Jack Ma and Amazon co-founder MacKenzie Scott

Aliko Dangote Jack Ma MacKenzie Scott Africa United States IPO Nigeria Oil

Aliko Dangote, Africa’s richest man, has seen his fortune surge following the launch of the initial public offering (IPO) of his $20 billion Dangote Refinery in Nigeria.

According to Forbes’ real-time billionaire index, Dangote’s net worth has jumped from $28.5 billion to $51.3 billion following the refinery’s IPO launch. The sharp increase comes as investors gain access to shares in the massive oil facility, which is being listed on the Nigerian Exchange (NGX).

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