Categories: BusinessOn the Go

Dangote ‘more powerful’ than Trump

BY Mayowa Tijani

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Aliko Dangote, president of Dangote group, has been rated to be more powerful than American billionaire and Republican Party presidential front runner, Donald Trump.

The American business magazine, Forbes, rated Dangote as the 71st most powerful person on earth, while Trump came in on the list at the 72 spot.

Also behind Dangote, is Margaret Chan, the director-general of the World Health Organization (WHO), who was least on the 74-man list.

The money magazine named Vladimir Putin, Russia’s president as the most powerful man on the planet.

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Behind Putin were Angela Merkel, German president; Barrack Obama, American President; Pope Francis, the leader of the Catholic Church and Chinese president Xi JinPing.

Dangote and Egyptian president, Abdel el-Sisi were the only Africans on the list, which was dominated by Americans.

The elites on the list, whose actions move the planet, are heads of state, financiers, philanthropists and entrepreneurs who make up just 0.00000001% of the global population.

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“To compile the list, we considered hundreds of candidates from various walks of life all around the globe, and measured their power along four dimensions,” Forbes said.

“First, we asked whether the candidate has power over lots of people. Pope Francis, ranked #4 on our list, is the spiritual leader of more than a billion Catholics. Doug McMillon (#32), CEO of Wal-Mart Stores WMT +0.00%, employs 2.2 million workers.”

“In certain instances, like the King of Saudi Arabia, Salman bin Abdulaziz Al Saud (#14), we considered other valuable resources at the candidate’s disposal –like 20% of the world’s known oil reserves.

“Then we determined if the candidate is powerful in multiple spheres. There are only 73 slots on our list – one for every 100 million people on the planet – so being powerful in just one area is often not enough.”

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Also on the list is the leader of Islamic state (ISIS), Abu Bakr al-Baghdadi, who came in at number 57.

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