Africa’s richest man, Aliko Dangote has been ranked 117th in the latest Bloomberg Billionaires Index. This was captured in a daily ranking of the world’s richest people which is updated at the close of every trading day in New York.

Africa’s richest person controls Dangote Industries, a closely held conglomerate. The 64year old Nigeria billionaire owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of 891.7 billion naira ($2.5 billion) in 2019. He is also into sugar, salt, oil, fertilizer, and packaged food.

While Elon Musk tops the list with a net worth of $194bn and closely followed by Jeff Bezos who also has a net worth of $194bn, Bernard Arnault took the third spot with $174bn.