Africa’s richest man and President of Dangote Group, Aliko Dangote, has been named among one of 74 most powerful people in the world by US-based Forbes magazine.

Ranked as the 68th most powerful in the world, Dangote was named the second most powerful on the African continent, after only Egyptian President, Abdel el-Sisi, who was adjudged the most powerful in Africa and ranked 44th in the world.

Dangote was named as one of the most powerful persons in the world alongside other world leaders such as the Russian President, Vladimir Putin, American President-elect, Donald Trump and German Chancellor, Angela Merkel.

The Nigerian business mogul has constantly featured on the list since 2013 when he was listed as the only black African so rated by the US-based Forbes magazine on the list of 100 most powerful persons in the world.

Last year, Africa’s richest man was named as the 71st most powerful ahead of the American President-elect, Donald Trump.

In the latest edition of its 74 World Most Powerful People rankings released over the weekend, Forbes indicated that the 64-year-old Russian President, Putin was the most powerful in the world, ahead of Trump who was second on the list.

Ms Merkel was ranked the third most powerful person in the world while outgoing U.S. President, Barack Obama placed 48th on the list.

The Catholic pontiff, Pope Francis was in fifth place; the world’s richest man, Bill Gates, come in seventh; Chinese President Xi Jinping came before the Pope in number four while the Facebook founder, Mark Zuckerberg, was the 10th most powerful person in the world.

With nearly 7.4 billion humans on planet Earth, Forbes ranked these 74 World’s Most Powerful People as persons who make the world turn and whose actions mean the most.

For the rankings, hundreds of candidates from various walks of life all around the globe were considered and their power measured along four dimensions.

First, their power or influence over lots of people. Second, an assessment of the financial resources controlled by each person compared to their peers. Third, the candidate’s power in multiple spheres and finally, a consideration of the candidates’ active power use.

Aliko Dangote

Last month, Dangote was also named among the 50 world’s most influential personalities by Bloomberg, the renowned US-based news media wire service with a bias for business and financial news reporting.

He also recently won the 2016 African Business Leader Award organized by the Africa-America Institute (AAI) in New York in September. The business mogul has garnered tons of awards nationally and internationally over the years of his admirable success. In November 2011, Dangote was awarded Nigeria’s second-highest honour, the Grand Commander of the Order of the Niger (GCON) by the then President, Goodluck Jonathan. The man also won the Clinton Global Citizen Award in 2015.

Aliko Dangote, one of the most powerful people, has become a role model for both young and old entrepreneurial aspirants across the globe. Not just in Nigeria, the success and growth of his business have been used as a blueprint by many business organizations struggling on the sidelines of economic challenges.

Dangote has become a household name for Nigerians who have made staple at least one product of the business mogul. Here are some of his business:

He owns Dangote cement plc, a cement company which operates within and outside Nigeria. The cement company has spread its horizon across 14 other African countries.

Dangote Sugar: He owns a sugar refinery located at Apapa, Lagos, Nigeria. Dangote’s sugar refinery has been described as the largest in sub-Saharan Africa with up to 1.44 million MT per annum.

Dangote Flour: Those into pastries will testify that Dangote flour is taking over the markets. This company which is responsible for floor milling and processing distributes its products within and outside Nigeria.

Dangote Spaghetti, Marcaroni: Dangote’s pasta production covers for Spaghetti and Marcaroni.

Other products manufactured by the Dangote group include; Noodles, Dansa Juice, Sacks, Ziza Milk, Mowa Water, Danvita, Petot Tomato Paste, and many other investments.

Dangote is also active in philanthropy as much as he is in business. During the heat of the dreaded Ebola health crisis in Nigeria, the billionaire had donated a whopping sum of 150 million Naira to the government to help contain the outbreak.