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.

While Elon Musk tops the list with a net worth of $194bn and closely followed by Jeff Bezos who also has a net worth of $194bn, Bernard Arnault took the third spot with $174bn.

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