Dangote's Fortune Set to Jump $23 Bln on Refinery IPO

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery. The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports. (Source: Bloomberg)

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