Dangote is now worth more than the likes of Jack Ma and the owner of Nike, as his net worth surges from $28.5 billion to $51.3 billion
Per Forbes’s real-time index, Africa’s richest man has seen his net worth surge from $28.5 billion to $51.3 billion following the launch of the initial public offering (IPO) of his $20 billion oil refinery
More than $7 million poured into Dangote Refinery’s $1.6 billion IPO within its first hour
The Nigerian energy company opened the offer on Monday, September 14, seeking to raise about $1.6 billion (N2.15 trillion) through the sale of 4.1 billion ordinary shares at N525 each