Dangote now 23rd richest in the world, Bill Gates reclaims world's richest person title

Nigerian business mogul, Alhaji Aliko Dangote, has retained his position as Africa's richest man, a position he has held for four successive years with now a net worth of $25 billion.

Also, Dangote now ranks 23 among Forbes Magazine's 100 richest persons in the world.

The Nigerian businessman with interests in cement, sugar, beverages and petrochemical is said to be presently the first black man to break into the rank of top 25 richest people in the world.

Mike Adenuga, owner of indigenous telecoms company Globacom, was next to Dangote on the list with a wealth of $4.6 billion, maintaining 325 position in the world, while Folorunsho Alakija, with $2.5 billion, was 687 in the world and Abdulsamad Rabiu ranks 1372 in the world, with $1.2 billion.

Meanwhile, Bill Gates is back on top after a four-year hiatus, reclaiming the title of world's richest person from telecoms mogul, Carlos Slim Helu of Mexico, who ranked number one for the past four years.