What Did Aliko Dangote Say About $7 Billion in Oil Sector Debt?

Aliko Dangote warned of $7 billion in bank debt in the oil sector, according to a report by Billionaires.Africa, which described him as Africa's richest man. Aliko Dangote is worth $55.9 billion, according to Forbes' real-time billionaires data.

What did Billionaires.Africa report about Aliko Dangote?

Billionaires.Africa reported on Nov. 12 that Dangote had warned of $7 billion in oil sector bank debt. The outlet referred to the Nigerian businessman as Africa's richest man in its report.

How much is Aliko Dangote worth now?

Aliko Dangote is worth $55.9 billion, according to Forbes' real-time billionaires data, which ranks him No. 34 among the world's billionaires.

Did the debt warning change Dangote's net worth?

Dangote's net worth showed no change on the day, according to Forbes' real-time billionaires data. His fortune stood at $55.9 billion after the report was published.

Where does Aliko Dangote's fortune come from?

Dangote's fortune comes mainly from cement and sugar, according to Forbes. The Nigerian billionaire's business interests are classified under manufacturing.

• Net worth: $55.9 billion
• Forbes rank: No. 34
• Source of wealth: Cement, sugar
• Industry: Manufacturing
• Country: Nigeria