The President of Dangote Group, Aliko Dangote, has been ranked 117 with a net worth of $17.8bn in the latest Bloomberg Billionaires Index.
Topping the index is Elon Musk with a net worth of $194B. He’s closely followed by Jeff Bezos who is also worth $194B.
In third place is Bernard Arnault $174bn. The position was recently held by Microsoft boss, Bill Gates, who lost it after some stock transfers to his ex-wife after their divorce was concluded days ago.
Facebook CEO Mark Zuckerberg holds the fifth position with a net worth of $135B.
The index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page.
The figures for the index is usually updated at the close of every trading day in New York.