Sunday, November 8

Dangote makes Forbes list of 100 most powerful people in the world

Nigerian Business tycoon and billionaire Aliko Dangote has been ranked one of the 100 most powerful people in the world. Dangote is the only black man that made the Forbes list apart from American president Barrack Obama.

He took the 71st spot just above the top US presidency contender, Donald Trump, who was listed at number 72. Russian Prime Minister, Vladimir Putin, claimed the number one spot followed by the Prime Minister of Germany, Angela Merkel, who made the number two spot, while US President Obama is listed third.

The list had other powerful people like Pope Francis occupying the fourth position just under Obama, while the Chinese Prime Minister, Xi Jinping, was number five on the list.

The world’s richest men, Bill Gates and Warren Buffet, were placed at number six and 13 respectively, while Christine Lagarde of the International Monetary Fund (IMF) placed on number 23rd. Youngest on the list is 31 year old Facebook's Mark Zuckerberg who is 19th on the list while 87 year old Hong Kong business magnate, Li Ka-shing listed 31st, is the oldest on the list

According to Bloomberg, a US based news media, those on the list build companies and assemble fortunes. They run banks or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest.

The Bloomberg said of Dangote: “The founder of  Dangote Group, Africa’s most successful businessman, built his fortune in sugar, textiles, and cement in his native Nigeria  where, today, he is a political as well as a financial power broker. He is expanding in other countries and may list his cement company in London Stock Market.”

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