15 Views

Aliko Dangote, Adenuga, Otedola, others on Forbes billionaires list

The President of the Dangote Group, Aliko Dangote, retained his position as Africa’s richest person and was listed as the 51st richest person in the world in the Forbes 2016 World’s Billionaires list released on Tuesday.

Dangote’s net worth, according to the magazine, has risen to $15.4bn from $14.7bn in 2015. He was ranked 67th in the 2015 list.

The 2016 list, which contains 1,810 billionaires in dollar terms, also has four other Nigerians apart from Dangote.

These are the Chairman of Globacom, Dr. Mike Adenuga; Chairman of Forte Oil, Mr. Femi Otedola; Founder and Executive Chairman, Famfa Oil Limited, Mrs. Folorunsho Alakija; and Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu.

Adenuga, whose net worth was put at $10bn, was ranked 103rd on the global list; while Otedola, with a net worth of $1.8bn, was ranked 1,011th.

Alakija, estimated to be worth $1.6bn, came in the 1,121st position, while Rabiu was ranked the 1,577th billionaire in the world, with a net worth of $1.1bn.

The five were on the Forbes 2015 World’s Billionaire list.

However, Dangote, Adenuga, Otedola and Rabiu moved up on the 2016 list, while Alakija dropped down.

Dangote, Adenuga, Otedola and Rabiu emerged 51st, 103rd, 1,011th and 1,577th in this year’s list, from 67th, 393rd; 1,741st and 1,741st, respectively in 2015.

Alakija, who was ranked 949th last year, was listed in the 1,121st position this year.

Despite the economic crisis in Nigeria, the five billionaires are said to have increased their net fortunes by $7bn (N1.4tn). They had a combined net worth of $29.9bn this year, down from $22.9bn the year before.

In the Forbes 2015 World’s Billionaires list, the fortunes of Dangote, Adenuga and Alakija were put at $14.7bn, $4.2bn and $2bn, respectively, while Otedola and Rabiu had a net worth of $1bn each.

Although the Nigerian billionaires had their fortunes increased, the situation was not totally the same globally.

According to Forbes, volatile stock markets, falling oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe, and a drop in 10-figure fortunes for the first time since 2009.

For the 30th annual guide to the world’s richest, Forbes found 1,810 billionaires, down from a record 1,826 a year ago.

Forbes said the aggregate net worth was $6.48tn, which is $570bn less than that of last year.

It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now $3.6bn, $300m less than last year, it said.

Behind these figures is a story of huge upheaval, as 221 people fell off the list, while 198 newcomers joined the ranks; another 29 people from 2015 died, while 29 who had previously fallen off climbed back on. Of those who were billionaires both years, 892 are poorer, while 501 added to their fortunes.

The reshuffling starts at the top. Only two people in the top 20 managed to hold on to their ranks. Bill Gates remains the richest person in the world with a net worth of $75bn, despite being $4.2bn poorer than a year ago.

He has been No. 1 one for three years in a row and topped the list 17 out of 22 years. In the 30 years Forbes has tracked global wealth, only five people have held the title of the richest person on planet; three of those still rank among the four richest in the world, including Warren Buffett and Carlos Slim.

Holding steady is Buffett at No. 3. Zara’s Amancio Ortega moves up to No. 2 for the first time, displacing Mexico’s Carlos Slim, who slips to No. 4. Slim’s fortune fell by $27.1bn to $50bn in the past year, as shares of his telecom business, América Móvil, tumbled.

Mark Zuckerberg had the best year of all the billionaires. The 31-year-old added $11.2bn to his fortune and moved up to No. 6 from 16. He and Amazon’s Jeff Bezos both make their first appearance in the top 10 of Forbes annual ranking of the world’s wealthiest.

Punch

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.
Entertainment
Entertainment

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.

MT - September 22, 2017

Triple MG boss, Ubi Franklin shared this Photos of his female staff, Nicole who was proposed to by a lady in his Abuja office. Her boyfriend sent…

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name
Politics
6 views
Politics
6 views

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name

MT - September 22, 2017

The mention or the defense of the name of the celebrated national leader of the APC, in the person of Asiwaju Bola Ahmed Tinubu, the Jagaban of…

Never Seen Photos Of Billionaire Femi Otedola Eldest Daughter, Olawunmi Otedola
Richest
14 views
Richest
14 views

Never Seen Photos Of Billionaire Femi Otedola Eldest Daughter, Olawunmi Otedola

MT - September 22, 2017

Nigeria billionaire oil Mogul, Femi Otedola is blessed with four children: three girls, and a son. His first daughter, musician Olawunmi Christine Otedola and the last born…

Meet The Female Court Clerk Who Got Suspended For Wearing Very Short, Squeezing Dress To Work.
Shocking
15 views
Shocking
15 views

Meet The Female Court Clerk Who Got Suspended For Wearing Very Short, Squeezing Dress To Work.

MT - September 22, 2017

Namuwanga Rosemary, a Kasangati court clerk was served a suspension letter for wearing a short and tight dress to work, by the permanent secretary Mrs Josephine Muwonge…

9 Rich Nigerians You Don’t Know Live In Banana Island – #5 Hosted Chris Brown When He Came To Nigeria [Photos]
Richest
25 views
Richest
25 views

9 Rich Nigerians You Don’t Know Live In Banana Island – #5 Hosted Chris Brown When He Came To Nigeria [Photos]

MT - September 22, 2017

Banana island, an artificial isle near Lagos in Nigeria, often called a Billionaires Haven is a place where the most expensive and luxurious mansions are situated. Banana…

7 Best Features In iOS 11 That Will Make You Love Your Gadget Again       
Technology
17 views
Technology
17 views

7 Best Features In iOS 11 That Will Make You Love Your Gadget Again      

MT - September 22, 2017

Improvements from ios10 to iOS 11 will be key for Apple and the consumer’s needs. In June 2017 at WWDC 2017, the new iOS 11 was unveiled…

In Photos: A Quick Look Into The Fabulous And Luxurious Life Of P-Square Brothers, Before The Beef
Entertainment
50 views
Entertainment
50 views

In Photos: A Quick Look Into The Fabulous And Luxurious Life Of P-Square Brothers, Before The Beef

MT - September 22, 2017

  They are the richest and most famous artist in West Africa (even Africa). With over a hundred million in their name and luxurious condos across the…

Chelsea Youngster Set To Dump England For Nigeria For This Reason
Sports
22 views
Sports
22 views

Chelsea Youngster Set To Dump England For Nigeria For This Reason

MT - September 22, 2017

The Nigeria Football Federation (NFF) is much closer to securing the services of Chelsea FC of England forward Tammy Abraham to switch allegiance from England to Nigeria,…

Nigerian Singer, Simi Reveals Why Adekunle Gold Is The Only Artiste On Her Album
Entertainment
25 views
Entertainment
25 views

Nigerian Singer, Simi Reveals Why Adekunle Gold Is The Only Artiste On Her Album

Mabel - September 22, 2017

Nigerian singer, Simi has revealed why rumoured beau, Adekunle Gold is the only guest artiste on the album. Her debut album, Simisola, which has garnered much critical acclaim…

3 Quick Facts About Nigeria’s BBC’s Komla Dumor Award Winner, Amina Yuguda
Entertainment
24 views
Entertainment
24 views

3 Quick Facts About Nigeria’s BBC’s Komla Dumor Award Winner, Amina Yuguda

MT - September 22, 2017

For the second time in a row, a Nigerian, Amina Yuguda has won BBC’s World News Komla Dumor Award. The Komla Dumor award was established to honor African…

Nollywood Actress, Adesua Etomi Visits Edo State Governor, Godwin Obaseki
Entertainment
30 views
Entertainment
30 views

Nollywood Actress, Adesua Etomi Visits Edo State Governor, Godwin Obaseki

Mabel - September 22, 2017

Award-winning Nollywood star, Adesua Etomi on Thursday paid a courtesy visit to the Governor of Edo State, Godwin Obaseki, at the Government House in Benin City. The actress,…

Throwback: 10 Powerful Quotes From O.C Ojukwu About Biafra And Revolution
Politics
28 views
Politics
28 views

Throwback: 10 Powerful Quotes From O.C Ojukwu About Biafra And Revolution

MT - September 22, 2017

Nigeria seems intent on repeating history as the agitation of the past week has shown. The Nigerian military’s dedication to accomplishing the notorious Operation Python Dance mission…

Checkout Beautiful New Photos Of Former First Lady, Maryam Abacha And Her Daughter Gumsu
Nigerian Women
38 views
Nigerian Women
38 views

Checkout Beautiful New Photos Of Former First Lady, Maryam Abacha And Her Daughter Gumsu

Mabel - September 22, 2017

Former first lady and widow of late military president, Gen. Sani Abacha still looks very pretty. To her loved ones, Maryam Abacha is rare gem. There is…

Comedian, AY’s Brother, Lanre Makun Welcomes Twins With His Wife
Buzz & Trends
45 views
Buzz & Trends
45 views

Comedian, AY’s Brother, Lanre Makun Welcomes Twins With His Wife

Mabel - September 21, 2017

Nigerian top comedian and actor, AY Makun’s younger brother, Lanre Makun and his wife Joy Ofoebu have welcomed a set of twins. The couple who got married…

Hilarious Reasons Why Nigerians Eat Meat Last
Food and Health
64 views
Food and Health
64 views

Hilarious Reasons Why Nigerians Eat Meat Last

PH - September 21, 2017

You must have observed at the restaurant that many Nigerians eat their meat last. It raises the question, why do they eat the meat at the end…

How Singer Wizkid Made History As The First Afro-pop Musician To Debut Guinness Book Of World Records
Entertainment
76 views
Entertainment
76 views

How Singer Wizkid Made History As The First Afro-pop Musician To Debut Guinness Book Of World Records

Mabel - September 21, 2017

Nigerian Singer, Wizkid has not only dominated the African music arena, he is conquering new grounds on the international music field. The singer recently debuts Guinness Book of…

Here Are The Top 5 Traditional Dances From Eastern Nigeria
Art, History and Culture
50 views
Art, History and Culture
50 views

Here Are The Top 5 Traditional Dances From Eastern Nigeria

PH - September 21, 2017

Whether it’s celebratory, energizing, cathartic, funny, or just plain embarrassing, dance is one of the best art forms for expression. People gyrate in order to celebrate, commemorate…

Why Rev. Fr. Ejike Mbaka Asked Rangers FC To Return His N2 Million Donation
Religion
69 views
Religion
69 views

Why Rev. Fr. Ejike Mbaka Asked Rangers FC To Return His N2 Million Donation

Mabel - September 21, 2017

Catholic priest and Spiritual Director of Adoration Ministry, Enugu State, Rev. Fr. Ejike Mbaka, has reportedly asked for his N2 million donation he made to the Rangers…

Loading...