The Blue Boom: Ocean economy surges, but faces troubled waters - ITREALMS

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The cutting edge:
The ocean, once primarily viewed as a source of fish and a highway for ships, has exploded into a trillion-dollar powerhouse, driving a diverse array of industries from sun-soaked tourism to cutting-edge biotech.

New data reveals that the "blue economy" reached a staggering $2.2 trillion in global exports in 2023, with services comprising a dominant 59%. This surge underscores the ocean's vital role in powering everything from pharmaceuticals and clean energy to marine sports and advanced manufacturing, supporting over 600 million jobs worldwide.

Forbes: Aliko Dangote's wealth surges by 100% to $23.9bn - ITREALMS

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Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be recalled that Forbes ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion.

Forbes estimates Dangote's net worth at $23.9 billion, primarily due to his 92.3 percent stake in Dangote Petroleum Refinery & Petrochemicals. At 67 years old, Dangote is once again one of the top 100 richest individuals worldwide, a position he has not held since 2018, according to the Forbes Real-Time Billionaires List.