Africa’s richest man’s Aliko Dangote’s net worth in the last 24 hours has increased by N28.86 billion($69.4 million).

According to Bloomberg, Dangote is now worth $20 billion, making him the 83rd wealthiest man alive as he rebounds from loses recorded last week.

Since the start of 2022, Dangote’s wealth has increased by $934 million(N388.5bn) thanks to the impressive performance of his cement company.

Dangote Makes More Money than Elon Musk, Bill Gates in the 24 Hours, Jumps 8 Places in Billionaire List

As Dangote’s wealth increased the five richest men in the world Elon Musk, Jeff Bezos, Bernard Arnault and Bill Gates all suffered huge losses.

Bloomberg data shows that Elon Musk in 24 hours suffered a loss of $8.24 billion while Jeff Bezos wealth dropped by $2.43 billion.

The third and fourth richest man in the world Bernard Arnault and Bill Gate also saw their wealth plummet by $3.13 billion and $886 million respectively.

Facebook founder, Mark Zuckerberg also had a terrible day as he lost $1.48 billion of his wealth in the last 24 hours.

In fact, Dangote’s newfound wealth pushed him further away from Roman Abramovich the owner of Chelsea football club who sits at 124th with a worth of $15.4 billion.