According to Vanguard News, Aliko Dangote has been recognized as the sixth richest person in the manufacturing industry worldwide. With a net worth of $14.3 billion, Dangote is the founder of Dangote Cement, the leading cement producer in Africa, in which he holds an 85 percent stake. He is also associated with Dangote Fertilizer and Refinery, which holds the title of the world's largest single-train refinery. Insidermonkey.com, an American firm specializing in tracking insider transactions and market anomalies, conducted the ranking.
Dangote is the sole African representative among the top 25 billionaires in the manufacturing industry. Reinhold Wuerth, with a net worth of $35.3 billion, holds the title of the richest billionaire in manufacturing. Wuerth initially joined his father's wholesale screw business and eventually retired from the company in 1994. He Xiangjian, worth $26.1 billion, is ranked second in manufacturing. Xiangjian founded Midea Group Co. Ltd., a leading appliance manufacturer, and stepped down from its operations in 2012.
Michael Hartono, with a net worth of $23.1 billion, secured the third spot. Hartono and his family amassed their wealth in the tobacco business and remain prominent clove cigarette manufacturers in Indonesia. They also have investments in the Bank of Central Asia (BCA). Takemitsu Takizaki, with a net worth of $20.7 billion, was ranked the fourth richest billionaire in manufacturing. Takizaki is the founder of Keyence Corporation, a company specializing in manufacturing sensors and electronic components for factory automation systems.
The fifth richest billionaire in the manufacturing industry, according to the rankings, is James Ratcliffe, with a net worth of $16.2 billion. Ratcliffe is the founder, chairman, and majority owner of Ineos Group, a chemical powerhouse.
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