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Aliko Dangote makes Forbes most powerful people list for 2018

Want More Aliko Dangote makes Forbes most powerful people list for 2018,Celeb Gists, ? ,,

According to reports, Dangote is the only Nigerian to make the 75 person list. notes that he is placed on the 66th position, one step ahead of the US vice president, Mike Pence, who occupies the 67th position.

Forbes takes four factors into consideration when placing individuals on the list; and these are: how many people over whom they have power; the financial resources they control; if they have influence in more than one sphere; and how actively they wield their power to change the world.

In recent times, Dangote has been turning his attention to dairy and sugar farming; earmarking $800 million to buy 50,000 cattle in the hope of producing 500 million litres of milk annually by 2019. The astute industrialist made his fortune in the cement industry.

The billionaire, who is also Africa’s richest man, said he also intends to spend as much as $50 billion in the next decade on renewable energy and petrochemical refineries, making investments in the United States and Europe.

See the complete list:

Number 1 to 9 on the list; Xi Xinping of China leads

UK's Theresa May comes in at number 14
Tech entrepreneur, Tim Cook of Apple occupies the 24th spot
North Korean dictator, Kim Jong-Un claims the 36th position
Japanese PM Shinzo Abe sits pretty at number 38
Turkish strongman Recep Tayyip Erdogan comes in at number 48
Despite the ongoing war in his country, Syria's Bashar al-Assad occupies the 62nd spot
At number 66, Aliko Dangote is one step higher than the US vice president, and is the only Nigerian on the list

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