Nigerian Businessman Ranked Second Most Powerful Behind Obama

By: Wazobia Staff

The Nigerian billionaire, Aliko Dangote, is no stranger to the Forbes Magazine readers. He has been on several of their list, such as:


  • 67th richest person in the world and the richest in Africa in 2013
  • 23rd richest person in the world in 2014
  • Personality of the year in 2014
  • The richest person in Africa in 2015
  • The biggest fortune of Nigeria and the 51st fortune of the world in 2016

So, in the latest Forbes publication there was no surprise to see him listed again, this time as the second most powerful black personalities in the World; just behind US President Barack Obama.

Aliko Dangote built his fortune with Dangote Cement, the largest cement producer on the continent. The company can boast of doing business in 16 countries in Africa, as well as opening plants in Cameroon, Ethiopia, Zambia and Tanzania in 2015.

“If we Africans do not do it and set an example, no one else will come to Africa”

Dangote had a busy 2016. In February, he announced his project “rice for all” in Nigeria with the objective of making the country self-sufficient in rice. In June, Dangote Group acquired shares in the African Export-Import Bank, according to Dangote, to promote regional integration and intra-African trade. In September, he became CEO of General Electric Africa, as co-chairman of the board of directors of the US-Africa Business Center. During the same month, they announced that the largest refinery in Africa will be constructed, aiming for a production capacity of 400,000 barrels per day.

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