Aliko Dangote, Africa’s richest man, has been rated ninth on the list of the world’s richest manufacturing billionaires in 2023.
According to CEOWorld magazine, Dangote is the only African on the list, which is dominated by billionaires from Asia and Europe.
The 66-year-old millionaire, who made the majority of his fortune from his 85.2 percent interest in Dangote Cement, the largest cement maker in Sub-Saharan Africa, attributes much of his success to his maternal grandfather, who instilled a business ethic in him from an early age.
Here is a list of the top 10 richest manufacturing billionaires in the world in 2023, according to CEOWorld magazine:
- Reinhold Wuerth & family: $25.7 billion
- Michael Hartono: $22.3 billion
- He Xiangjian & family: $21.2 billion
- Takemitsu Takizaki: $18.7 billion
- James Ratcliffe: $18.2 billion
- Goh Cheng Liang: $11.3 billion
- Li Shuirong: $10.9 billion
- Viktor Rashnikov: $10.5 billion
- Aliko Dangote: $10.5 billion
- Anthony Pratt: $9.8 billion
Dangote began his firm with a tiny loan from his uncle in the early 1980s, and he has since developed a massive conglomerate with interests in cement, sugar, flour, salt, and other industries. Dangote Group now has activities in ten African nations in a variety of industries, including Dangote Cement, Dangote Flour, and Dangote Sugar.
In an online interview, Dangote defined manufacturing as one of the most powerful means of raising people out of poverty by creating gainful work. Due to their level of industrialisation, countries smaller than Nigeria, such as Singapore and South Korea, had an average per capita GDP of 65,233 dollars and 31,846 dollars, respectively, according to the Nigerian millionaire.