Friday, January 22

Tag: Bloomberg Billionaires Index

Elon Musk Is Now The Richest Person In The World
Business

Elon Musk Is Now The Richest Person In The World

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race. The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout ...
Dangote Loses $2.5bn In One Month – Bloomberg
Business

Dangote Loses $2.5bn In One Month – Bloomberg

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27. He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person. “Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and pack...
Reno Omokri Reacts To Dangote’s 96th Ranking In The BBI World Richest People
News

Reno Omokri Reacts To Dangote’s 96th Ranking In The BBI World Richest People

Following the latest release of world richest persons, a ranking of the Bloomberg Billionaires Index, in which the Chief Executive Officer of Dangote Group, Aliko Dangote, has become the 96th richest person in the world while retaining his status as Africa’s wealthiest man with $14.8 billion. Mr Reno Omokri, an ex-aide to Nigeria's Former President, Goodluck Jonathan, reacts as he compares Aliko Dangote's 25th position in the world richest people ranking before Muhammadu Buhari came into power, which has presently seen him placed in the 96th position according to the Bloomberg Billionaires Index. Reacting via his twitter handle, @renoomokri, Reno Omokri tweeted, "Under @GEJonathan, @AlikoDangote was the 25th richest man on Earth. Under General @MBuhari, he is the world's 96th ...
Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List
News

Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List

Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion. Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world’s biggest online retailer pared the decline. The index, which t...
Dangote Invests $4.6 Billion In Farming
News

Dangote Invests $4.6 Billion In Farming

Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars in its home market of Nigeria. The conglomerate plans to increase its production of sugar to 1.5 million metric tons a year by 2020 from 100,000 tons now and is seeking to add 1 million tons of rice, Edwin Devakumar, executive director at Dangote’s industries unit, said Tuesday in an interview in Lagos, Nigeria’s commercial hub. The company also plans to have 50,000 cattle producing 500 million liters of milk a year by 2019, he said. A lack of foreign exchange means companies are struggling to pay for imported goods, increasing the burden on local...