Dangote ranked as 6th wealthiest man in manufacturing

Africa's richest man, Aliko Dangote is ranked as the world's sixth richest person in the manufacturing industry.

The recent ranking was conducted by an American firm, Insidermonkey.com.

Vanguard reports that the firm uses a hybrid evaluation system to track insider transactions and other market anomalies, educating investors about the intricacies of investing.

Currently worth $14.3 billion, the entrepreneur is the founder of Dangote Cement, the leading cement producer in Africa, in which he owns about 85 percent stake, as well as Dangote Fertilizer and Refinery, the world’s largest single-train refinery.

Dangote is the only African among the top 25 billionaires ranked.

German businessman Reinhold Wuerth is the world’s richest billionaire in the manufacturing industry with a net worth of $35.3 billion.

He joined his father’s wholesale screw business in 1949 and retired from the firm in 1994. China's He Xiangjian is the second-ranked billionaire with a net worth of $26.1 billion.

He is known for creating one of the world's leading appliance makers, Midea Group Co. Ltd. In 2012, he stepped down from Midea Group operations.

Indonesian billionaire Michael Hartono was ranked as the third richest person in manufacturing, with a net worth of $23.1 billion.

Hartono and his family made a huge fortune from the tobacco business and are still one of the biggest clove cigarette makers in Indonesia. He also has investments in the Bank of Central Asia (BCA).

The others are Takemitsu Takizaki with a net worth of $20.7 billion and Englishman James Ratcliffe worth $16.2 billion.

Takizaki founded Keyence Corporation, a company that manufactures sensors and electronic components for factory automation systems, while Ratcliffe is the founder, chairman, and majority owner of the chemical powerhouse, Ineos Group.