Dangote Is The Second Most Powerful Black Person In The World – Forbes


Forbes has named Dangote the second most powerful Black person in the world after the outgoing United States President, Barrack Obama.

President Obama, who was ranked at No. 2 last year, is now at the 48th position; while Dangote who was ranked at the 71st position in 2015 is now at 68th.

In 2013 Dangote was the only black African in Forbes list of powerful persons.

See Also: Vladimir Putin Is The World’s Most Powerful Person – Forbes

Annually Forbes compiles a list of world’s most powerful people.

“There are nearly 7.4 billion people on planet Earth, but there are 74 men and women who make the world go round”– Forbes

The ranking takes into consideration the influence and power wielded by a person; financial resources controlled, wide range of influence and how actively they wield their power to change the world.

Forbes however states that the ranking is not conclusive and not intended to correspond with any other ranking.

David Ewalt, Forbes’ Contributing Editor, said:

“Any ranking of the world’s most powerful people is going to be subjective, so we don’t pretend ours is definitive. It’s meant to be the beginning of a conversation, not the final word.”

With a net worth of $12.2 billion as at the time of the ranking, Dangote remains the richest in Africa.

See Also: Did You Know That Dangote Is The Single Largest Investor In Rice Production In Africa?

His wealth per say did not make him one of Africa’s most powerful people, rather it is his business and economic influence seen all around Africa.

Dangote is the largest cement producer in Africa with subsidiaries in about 16 countries of Africa. His factories and business projects in Nigeria and other African countries have been helpful in job creation and the overall economic good of partnering nations.

Last year in New York, Dangote won the 2016 African Business Leader Award, organized by the Africa-America Institute (AAI).