African billionaire Aliko Dangote is now richer than popular Russian businessman and owner of Chelsea FC Roman Abramovich
African billionaire Aliko Dangote is now richer than popular Russian businessman and owner of Chelsea FC Roman Abramovich
- At the time of writing, the Nigerian billionaire was ranked 83rd in the world.
- Aliko Dangote’s fortune has increased by $950 million since January 2022, thanks to a year-to-date price increase in Dangote Cement Plc shares.
- Dangote’s fortune now exceeds that of famous Russian businessman and Chelsea Football Club owner Roman Abramovich, who is now ranked 124th on the list of the world’s 500 wealthiest people.
Aliko Dangote’s net worth has increased by $934 million since the first trading day of the current calendar year, propelling him to the 83rd position on the global wealth list. According to Bloomberg, the African billionaire businessman’s total fortune is now worth $20 billion, allowing him to surpass Russian billionaire and Chelsea Football Club owner Roman Abramovich on the publication’s billionaires list.
Dangote was named the world’s 97th richest person in January, with a net worth of $19.2 billion. At the time of writing, the Nigerian billionaire was ranked 83rd in the world, surpassing popular Russian businessman and Chelsea Football Club owner Roman Abramovich, who was ranked 124th on the list of the world’s 500 richest people.
Dangote has previously stated his desire to acquire Arsenal Football Club, stating last year that he intended to launch a bid for the English Premier League team. In an interview with Bloomberg last year, the Nigerian billionaire stated that he would consider purchasing Arsenal once the construction of his oil refinery was completed, which is expected to be operational in Q3 2022.
The Dangote Group believes that the pipeline infrastructure, which is expected to cost $19 billion to build, will process enough crude to meet Nigeria’s fuel demands while also transforming Africa’s largest crude producer into an exporter of refined crude. Furthermore, the world-class industrial complex will create a market for $11 billion in Nigerian crude per year.
$20.4 billion in net worth
Nigerian nationality
Nigerian billionaire Aliko Dangote has been named the continent’s wealthiest person for the eleventh year in a row, with a net worth of $20.4 billion derived from his stake in Dangote Cement Plc, Africa’s largest cement manufacturer.
So far in 2021, the billionaire’s net worth has risen by more than $1.3 billion due to an increase in the share price of his flagship company, Dangote Cement Plc, as investors react to news of the leading cement maker’s planned share buy back program.
See:Â Aliko Dangote Net Worth 2022, Biography and lot more.
African billionaire Aliko Dangote is now richer than popular Russian businessman and owner of Chelsea FC Roman Abramovich
Roman Abramovich net worth 2022: Chelsea owner’s wealth analysed amid UK Government sanctions and sale hope
Following Russia’s invasion of Ukraine, Chelsea owner Roman Abramovich has been sanctioned by the government.
Following Russia’s invasion of Ukraine, the UK government sanctioned Chelsea owner Roman Abramovich.
The oligarch is one of seven known associates of Vladimir Putin who have been subjected to new financial restrictions, according to Prime Minister Boris Johnson, who stated that “there can be no safe havens for those who have supported Putin’s invasion.”
As part of the new sanctions imposed on Abramovich, any proposed sale of the club will require special permission from the government, and will only be granted if the billionaire does not profit from it in any way.
Abramovich announced last week that he would be selling Chelsea after nearly two decades in charge, citing mounting pressure on his ownership.
Other restrictions will prevent the Blues from selling match tickets and merchandise, and they will be subject to an effective transfer embargo.
What impact will the restrictions have on Abramovich’s plans to sell Chelsea?
Chelsea could still be sold in theory, despite the new sanctions imposed on Abramovich on Thursday.
However, the Russian would have to receive no proceeds from the sale, and it would need to be approved by the government for it to proceed.
Any potential deal will almost certainly be put on hold for the time being, and any future negotiations will almost certainly be complicated and protracted.
Despite the significant obstacles that must be overcome, The Times reports that potential buyers are still interested in acquiring the Blues.
What is Abramovich’s net worth?
According to Forbes, Abramovich’s current net worth is estimated to be around £10.7 billion as of March 2022.
According to the magazine, the Russian is also the 142nd richest person on the planet.
Abramovich is known for his extravagant purchases, including a yacht worth over £500 million and homes in the United Kingdom, France, the United States, the Caribbean, and Russia.
However, according to Hansjorg Wyss, the 55-year-old is looking to sell a number of his villas in a ‘panic.’
Abramovich’s links to Putin?
Abramovich’s relationship with Putin existed prior to the latter’s election as President.
A high court judge stated in 2012 that the Chelsea owner had “privileged access” to the leader and “very good relations.”
However, this is not the first time Abramovich’s relationship with Putin and his role at Stamford Bridge have sparked controversy.
Claims that Abramovich bought Chelsea on Putin’s orders prompted an apology from publisher Harper Collins after they were first detailed in a book titled “Putin’s People.”
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