{"id":159,"date":"2024-01-19T16:04:44","date_gmt":"2024-01-19T21:04:44","guid":{"rendered":"https:\/\/lanouvelletribune.info\/en\/?p=159"},"modified":"2024-01-19T16:04:45","modified_gmt":"2024-01-19T21:04:45","slug":"dangote-gained-1-5-billion-in-24-hours","status":"publish","type":"post","link":"https:\/\/lanouvelletribune.info\/en\/2024\/01\/dangote-gained-1-5-billion-in-24-hours\/","title":{"rendered":"Dangote gained $1.5 billion in 24 hours"},"content":{"rendered":"\n<p>The meteoric financial rise of <strong>Aliko Dangote <\/strong>continues to astonish the business world. Just a week after <strong>Forbes <\/strong>revised upwards the valuation of his fertilizer plant, the Nigerian businessman experienced a spectacular increase in his fortune. In a mere 24 hours, his net worth surged by $1.5 billion, skyrocketing from $15.5 billion to an <a href=\"https:\/\/www.forbes.com\/profile\/aliko-dangote\/?sh=3471c22422fc\" data-type=\"link\" data-id=\"https:\/\/www.forbes.com\/profile\/aliko-dangote\/?sh=3471c22422fc\" target=\"_blank\" rel=\"noreferrer noopener\">impressive $17 billion<\/a>. This accomplishment not only solidifies his position as the richest person in Africa but also as the wealthiest black individual globally, ranking 103rd among global billionaires.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>This rapid growth is largely attributed to the exceptional performance of his 86% majority stake in the cement giant, <strong>Dangote Cement Plc.<\/strong> The company&#8217;s shares have recorded a remarkable increase of over 68% this year, pushing the total value of his assets beyond $9.1 billion. This outstanding growth in the cement sector seems to overshadow the previous reevaluation of <strong>Dangote Fertilizer, <\/strong>underscoring the crucial importance of Dangote Cement in the overall success of the businessman.<\/p>\n\n\n\n<p>With a current fortune of $17 billion, according to Forbes, <strong>Aliko Dangote<\/strong>&#8216;s position as the richest man on the African continent appears firmly established. The success story of <strong>Dangote Cement <\/strong>is built on a skillful mix of expansion and export, attracting investors&#8217; attention as the continent grapples with a critical housing shortage. With an already impressive annual capacity of 55 million tonnes, the company is currently constructing a new 6-million-tonne plant in <strong>Ogun State, Nigeria<\/strong>, exclusively dedicated to exports.<\/p>\n\n\n\n<p>This export strategy of <strong>Dangote Cement<\/strong> aligns with the strategic vision of Nigerian billionaire <strong>Femi Otedola<\/strong>, the country&#8217;s fourth richest man. As the Chairman of<strong> Geregu Power <\/strong>and director of <strong>FBN Holdings, Otedola <\/strong>sees <strong>Dangote Cement <\/strong>as a key player in addressing Africa&#8217;s housing deficit, particularly in <strong>Nigeria<\/strong>. While the government and the private sector strive to provide affordable housing, Otedola&#8217;s optimism is fueled by the undeniable reality of Africa&#8217;s immense housing needs.<\/p>\n\n\n\n<p>Beyond the national quest for affordable housing,<strong> Dangote<\/strong>&#8216;s export ambitions hint at a broader vision. Indeed, the company aims to become a major player in the regional construction scene, supplying essential materials to a continent where demands for infrastructure and housing are growing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The meteoric financial rise of Aliko Dangote continues to astonish the business world. Just a week after Forbes revised upwards the valuation of his fertilizer plant, the Nigerian businessman experienced a spectacular increase in his fortune. In a mere 24 hours, his net worth surged by $1.5 billion, skyrocketing from $15.5 billion to an impressive &#8230; <a title=\"Dangote gained $1.5 billion in 24 hours\" class=\"read-more\" href=\"https:\/\/lanouvelletribune.info\/en\/2024\/01\/dangote-gained-1-5-billion-in-24-hours\/\" aria-label=\"Read more about Dangote gained $1.5 billion in 24 hours\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[17],"class_list":["post-159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-aliko-dangote"],"_links":{"self":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/comments?post=159"}],"version-history":[{"count":1,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/159\/revisions"}],"predecessor-version":[{"id":161,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/159\/revisions\/161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/media\/160"}],"wp:attachment":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/media?parent=159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/categories?post=159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/tags?post=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}