Dangote, Only African Among Bloomberg’s 50 World Best

Bloomberg explained that its first 50 honorees were selected by the Bloomberg Business week team after months of input from many of Bloomberg’s 2,700 journalists and analysts around the globe, leveraging the resources of the Bloomberg Terminal.

Bloomberg asserted its best 50 represented the most influential thought leaders in business, finance, technology and science, politics, and entertainment.

It maintained that the executives, entrepreneurs, experts and entertainers on its Bloomberg 50 all had a quantifiable metric that underpinned their inclusion.

“What sets The Bloomberg 50 apart from other lists is that each person chosen has demonstrated measurable change over the past year,” said Megan Murphy, editor of Bloomberg Businessweek, adding,
“Readers will find many names they recognise, but will also discover new visionaries—people who are impacting the world in significant ways, and are rapidly gaining the attention they deserve.”

Other prominent honorees on the Bloomberg 50 include Mohammed bin Salman, Crown prince, Saudi Arabia, a primary proponent of an initiative that will allow women to drive, a decision that is forecast to add $90 billion to the economy by 2030; and Elon Musk, Chief Executive Officer (CEO), Tesla Inc. and Space Exploration Technologies with a market capitalisation of over $50 billion. Elon Musk nurses the ambition to establish human colony on planet Mars by 2022.

There are also Jeff Bezos, CEO, Amazon, the biggest global retailer with a major interest in sending tourists into space in Blue Origin rockets; Masayoshi Son, founder, Softbank Groups Corp., who engineered the largest ever technology investment fund of $93bn, to fund ride-hailing, artificial intelligence, connected devices, satellites and the integration of computers to humans; Diane Greene, CEO, Google Cloud and the brain behind integrating advances in artificial intelligence and quantum computing to market; Ken Frazier, CEO, Merck & Co., a leader in drug makers market with an innovative drug for advanced lung cancer treatment.

Dangote, who only last week inaugurated his $300 million 1.5 mtpa capacity cement plant in Congo Brazzaville, has remained a top notch in various global rankings.

The Corporate Communication department of the Dangote Group quoted Dangote as saying, “I am very delighted with this selection and I see the recognition as a call to do more towards youth empowerment, job creation, better health for the people and economic emancipation of
the African continent.”

Dangote, according to Forbes magazine, had, by February 2017, an estimated net worth of $12.5bn. He is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa, and peaked on the list as the 23rd richest person in the world in 2014.

Bloomberg in the preface written by Paul Wallace synopsized Dangote’s person and business in the following words, “The quiet billionaire for his relatively frugal lifestyle, Dangote fast-tracked plans to help his country of 180m people import less of what it eats. Dangote, who made his fortune in the cement industry, is turning his attention to dairy and sugar farming; he’s earmarked $800m to buy 50,000 cattle in the hope of producing 500m litres of milk annually by 2019.

“He’s also racing to finish a 650,000-barrel-a-day oil refinery near Lagos, set to be one of the world’s biggest, and says he intends to spend as much as $50bn in the next decade on renewable energy and
petrochemical refineries, including investments in the U.S. and Europe.

“Which is all fine, but not quite his grand ambition: buying Arsenal, his favourite soccer team.”

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