The World has gone mad finally or so we think, enlisting Aliko Dangote, a criminal as the 30th Richest Person, worth $30bn! How did he acquire this $30bn?
Aliko Dangote, Africa’s richest person and the President of Dangote Group, one of the continent’s largest conglomerates is estimated to worth $30billion and have added a whopping $9.2 billion during 2013 out gone year. He remains the 30th-richest person in the world, according to Bloomberg, a global financial intelligence. While the widely respected media corroborate Forbes Africa, reporting that the cement tycoon made the biggest profit in the African continent in 2013, however, it reported that Bill Gates, the founder and chairman of Redmond, Washington-based Microsoft Corp., was the year’s biggest gainer worldwide as the 58-year-old tycoon’s fortune increased by $15.8 billion to $78.5 billionThe richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.The aggregate net worth of the world’s top billionaires stood at $3.7 trillion at the market close on December 31, according to the ranking. The biggest gains came in the technology industry, which soared 28 percent during the year. Of the 300 people who appeared on the final ranking of 2013, only 70 registered a net loss for the 12-month period. .Dangote, it stated recorded his highest gain from Dangote Cement, which is the most capitalized company on the Nigerian Stock Exchange, with a 74 per cent run-up over the last 365 days.However, according to FORBES’s most recent statistics, he is now worth $22.9 billion, up from $12.8 billion at the end of December 2012.While still aggressively expanding his cement business within the African continent, the foremost industrialist made a bold move late last year when he ventured into petroleum refining business when he signed a jumbo term loan agreement of $3.30 billion with a consortium of both international and local banks for the purpose of constructing the biggest Petroleum Oil Refinery & Petrochemical/ Fertilizer Plants in Nigeria.The plants, which will cost a total of $9 billion will generate up to 9,500 direct and 25,000 indirect jobs, in addition to reducing current volumes of refined fuel imports by around 50 per cent and effectively stopping the importation of fertilizer. The USD9billion project will be financed by USD3billion equity and USD6billiion loan capital.The loan agreement signing between Dangote Group and a consortium of 12 local and international banks was the first tranche of loans secured by Dangote, comprising USD3.3billion. This first facility was jointly co-ordinated by Standard Chartered Bank as the Global Coordinator, and Nigeria’s Guaranty Trust Bank PLC as the Local Coordinator.