Africa’s richest man, Aliko Dangote has been ranked 117th in the latest Bloomberg Billionaires Index.

This was captured in a daily ranking of world’s richest people which is updated at the close of every trading day in New York.

Topping the index is Elon Musk with a net worth of $194bn. He’s closely followed by Jeff Bezos who is also worth $194bn.

In third place is Bernard Arnault at $174bn. Until recently, the position was held by the Microsoft co-founder, Bill Gates, who lost it after some stock transfers to his ex-wife, Melinda French Gates, after their divorce was concluded days ago.

Facebook CEO Mark Zuckerberg holds the fifth position with a net worth of $135bn.

Dangote is said to have a net worth of $17.8bn.