About half of Nigeria's 190.9m citizens subside on less than $1.90 a day, giving it a Gini coefficient (a measure of wealth distribution) of 48.8, compared with 41.5 for the US and 29.2 for Sweden.
Dangote, 61, is among just a few Nigerian billionaires, most of whom accrued their wealth by coming into possession of lucrative oil blocks or, in the case of telecom magnate Mike Adenuga, providing services to a fast-growing population. Adenuga, the nation's second-richest person, owns mobile phone network Globacom Ltd., with 45m subscribers. He's worth $2.8bn, according to the Bloomberg wealth index.