“Dangote controls Dangote Industries, a closely held conglomerate. The Lagos-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N805.6 bn ($2.4bn) in 2017. It also has interests in sugar, salt, flour, fertilizer, and packaged food,” said Bloomberg.
“Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to US dollars at current exchange rates,” it said.