Net worth $25 billion
The latest Forbes ranking put him o become first African person to be rank in first- twenty -five of richest ranking with net worth about $25 billion. He had another 20% increase from his previous ranking of $20.8 billion and 43rd position he was as at December 2013.
Ranking richest person in african and Nigeria. His fortune come from trading in commodities like cement, sugar, flour, noodles. Now, he is extending his tentacles to oil business. While he has announced his intention to oil & gas business by building large refinery in the country.
Net worth $4.6 billion
Next on the lists is CEO of telecommunication giant Globacom Limited Otunba Mike Adenuga Jnr. He was ranked in 325th position in latest ranking with net worth about $4.6 billion.
He make his money from telecommunication and oil & gas. He company his second largest mobile phone network with about 24 million subscribers. While he also own Conoil producing, an indigenous oil exploration company which holds the rights to some of Nigeria’s most lucrative oil fields.
Net worth $2.5 billion
Mrs. Folorunsho Alakija, is richest black women in the world, 3rd richest person in Nigeria and 13 richest person in African with net worth of about $2.5 billion.
She operates an oil & gas company ”Famfa Oil”,which is a lucrative oil company in Nigeria, that is producing as much as 200,000 barrels per day.
Net worth $1.2 billion
Another Nigeria making the lists isAbdulsamad Rabiu. He was ranked as newest African billionaires in town with net worst of about $1.2 billion. Owner of BUA Group, has increases his wealth from previous fortune of $550 million in 2013.
BUA Group, a Nigerian conglomerate has interests in oil and gas and shipping,sugar refining, real estate,cement and manufacturing . Abdulsamad is the son of a successful businessman, Isyaku Rabiu.