Dangote ranks among top 25 on Forbes’ list, new billionaires emerge from Algeria, Tanzania, Uganda

Chairman, Dangote Group


The 2014 Forbes Billionaires’ List has ranked the President/Chief Executive, the Dangote Group, Alhaji Aliko Dangote, 23rd in a list of 1,645 richest people in the world, with a personal fortune of $25billion.

Dangote climbed up the ladder in the recently release Forbes list from his earlier 43th position in 2013 when he net worth $16 billion.

Significantly, there are new billionaires joining the list from Africa countries of Algeria, Tanzania and Uganda.

Microsoft’s Founder, Bill Gates, returned to the first position the world’s richest person. He overtook Mexican telecom giant, Carlos Slim Helu, who ranked No. 1 for the past four years.

Gates, whose fortune rose by $9billion in the past year, has held the top spot for 15 of the past 20 years of Forbes’ listing.

“Spanish clothing retailer Amancio Ortega and owner of the Zara fashion chain retain the No. 3 spot for the second year in a row, extending his lead over Warren Buffett, who is again No. 4.

Facebook’s Mark Zuckerberg, whose fortune rose from $15.2billion, to $28.5billion, as shares
of his social network soared, is the year’s biggest dollar gainer.

The United States maintains its lead Algeria, Lithuania, n the world with 492 billionaires, followed by China with 152 and Russia with 111. However, new billionaires emerged for the first time in Algeria, Lithuania, Tanzania and Uganda.