1. Aliko Dangote
Net Worth: $10.9B
Aliko Dangote is a Nigerian with businesses focusing on the Sugar, Cement, and Flour Markets. The Cement and commodities tycoon retains his title as the world’s richest black man this year.
After building his fortune in sugar, flour and cement, the Nigerian tycoon is embarking on his most ambitious project to date- a private oil refinery in Nigeria which will have a refining capacity of 6500,000 barrels a day and is expected to reduce Nigeria’s dependence on oil imports.
Dangote started out in business more than 3 decades ago by trading in commodities like cement, flour, and sugar with a loan he received from his maternal uncle and went on to build the Dangote Group, the largest industrial conglomerate in West Africa.
Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete.
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