Five Nigerians who made the 29th annual guide to the globe’s richest, list are: Aliko Dangote, Mike Adenuga, Folorunsho Alakija, Femi Otedola and Abdulsamad Rabiu.
Abdulsamad Rabiu: He runs BUA Group, a conglomerate active in flour milling, pasta manufacturing, ports and terminals management and sugar refining. His position is 1741 with a net worth of $1 Billion.
Femi Otedola is the controlling shareholder of Forte Oil, with a 78% stake. The company owns gas stations and fuel storage depots and manufactures its own line of engine oils. His position is 1714 with a net worth of $1 Billion.
Folorunsho Alakija’s first company was an upscale fashion label that catered to Nigeria’s elite including the wife of the former military president, Ibrahim Babangida. Her position is 949 with a net worth of $2 Billion.
Mike Adenuga, Nigeria’s second richest man, he has investments in mobile telecom and oil production. His position is 393 with a net worth of $4.2 Billion.
Aliko Dangote, Africa’s richest man, made his fortune is cement, sugar and flour. His position is 67 with a net worth of $14.7Billion.
Orji Uzor Kalu and Tony Elumelu who made the list last year were dropped off the list this year.
Bill Gates is once again the richest person on the planet, a title he has held for 16 of the past 21 years.
The year’s biggest loser in dollar terms is Aliko Dangote of Nigeria, whose fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Nigerian currency and shrinking demand for cement, his largest asset. He still retains the title of Africa’s richest man.