Nigeria, Sept. 15 -- Aliko Dangote, chairman of Dangote Group and Africa's richest man, told an audience in Lagos on Monday that he no longer wants to be described as the continent's richest man. He said he would rather be called its wealthiest man.

Dangote made the comment at the Nigerian Exchange during the formal launch of the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals.

Image Credit: Forbes/TNC "I don't want anybody again to call me the richest man in Africa," he said. He explained that the title he prefers reflects his goal of creating wealth for other people, not just holding it for himself.

He tied that goal directly to the IPO. He described the share sale as a chance for ordinary Nigerians, includi...