ALIKO DANGOTE NAMED 6TH RICHEST MANUFACTURING BILLIONAIRE IN THE WORLD.

Aliko Dangote has been ranked as the world’s sixth richest person in the manufacturing industry.

Dangote whose net worth is put at $14.3 billion is the founder of Dangote Cement, the leading cement producer in Africa, in which owns about 85 percent stake, as well as Dangote Fertilizer and Refinery, the world’s largest single-train refinery.

The ranking was carried out by Insidermonkey.com, an American firm that uses a hybrid evaluation system to track insider transactions and other market anomalies, and educate investors about the intricacies of investing.

In a similar report by CEOWorld magazine last year, Dangote held the 9th position on the list of the top 10 wealthiest manufacturing billionaires globally.

With a net worth of $10.5 billion at that time, he was the only African on the list, which was dominated by billionaires from Asia and Europe.

Africa's richest man still stands as the only African among the top 25 billionaires worldwide.

Dangote is the only African among the top 25 billionaires ranked.

The world’s richest billionaire in the manufacturing industry is Reinhold Wuerth with a net worth of $35.3 billion.

Wuerth joined his father’s wholesale screw business in 1949 and retired from the firm in 1994.

The second ranked billionaire in manufacturing is He Xiangjian, worth $26.1 billion.

Michael Hartono holds the third position, with a net worth of $23.1 billion. Hartono and his family made a huge fortune from the tobacco business and are still one of the biggest clove cigarette makers in Indonesia. He also has investment in the Bank of Central Asia (BCA). 

In an interview, Dangote describes manufacturing as one of the potent ways of lifting people out of poverty through the creation of gainful employment.

"It is evident that manufacturing is pivotal to industrialisation. No country in the world has ever industrialised or attained 'developed nation status' without having a thriving manufacturing sector”.

According to the billionaire, countries smaller than Nigeria, such as Singapore and South Korea, had an average per capita GDP of 65,233 dollars and 31,846 dollars, respectively, due to their level of industrialisation.

Takemitsu Takizaki was named the world’s fourth richest billionaire in manufacturing with a net worth of $20.7 billion.

Takizaki founded Keyence Corporation, a company that manufactures sensors and electronic components for factory automation systems. 

The fifth richest billionaire, according to the rankings, is James Ratcliffe worth $16.2 billion

Ratcliffe is the founder, chairman, and majority owner of the chemical powerhouse, Ineos Group. 

Source : Business insiders

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