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Rich List : Forbes 2016 Billionaires Rich List , Meets Five Nigerians Who Made the Forbes 2016 Billionaires Rich List

Politics & Good Governance

Rich List : Forbes 2016 Billionaires Rich List , Meets Five Nigerians Who Made the Forbes 2016 Billionaires Rich List

Forbes Magazine Billionaires List 2016

Forbes Magazine Billionaires List 2016

The annual list of richest people in the world by american business magazine Forbes is out and its has over 1,810 billionaires around the world.

Despite the dwindling oil prices and horrible strength of dollar currency made so many billionaires drop off the list and its less to 221 people fell off the list, while 198 newcomers joined the ranks; another 29 people from 2015 died while 29 who’d previously fallen off climbed back on. Of those who were billionaires both years, 892 are poorer while 501 added to their fortunes.

The annual Forbes Magazine billionaires list still have Bill Gates retaining his top spot as richest person in the world with net worth of $75 billion, despite being $4.2 billion poorer than a year ago.

Five Nigerian billionaires made the Forbes 1,810 billionaires list . African richest man Aliko Dangote, is currently in 51st richest man in the world with a net worth of $15.4bn as at January, 2016. He fell from the 37th position he held last year due to the devaluation of naira in nigeria.

Both Aliko Dangote and Mike Adenuga was ranked 103th richest man in the world with net worth of $10 billion are richer than American presidential candidate Donald Trump also made the list and ranked 324th richest man in the world with a total net worth of $4.5 billion.

Meets Five Nigerians Who Made the Forbes 2016 Billionaires Rich List
Five notable Nigerians made the list, four men and one woman.

Aliko Dangote made it and has retained his position as the richest man in Africa and 51st in the world. Aliko Dangote’s net worth, according to Forbes, has risen to $15.4bn from $14.7bn in 2015. He was ranked 67th in the 2015 list. Dangote founded and chairs Dangote Cement, the continent’s largest cement producer. A spokesman for Dangote told Forbes that the company has until October 2016 to lower Aliko Dangote’s stake and plans to do so by then. Other companies in the Dangote Group, which is active in 15 African countries, include publicly-traded salt, sugar and flour manufacturing companies.

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Mike Adenuga the M.D of Globacom also ranked the 103th richest man in the world and second in Africa. Mike Adenuga, who ranked 393rd in 2015 definitely moved up in 2016, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria with 32 million subscribers; it also has operations in Ghana and the Republic of Benin. A higher estimate of Globacom’s revenues led Forbes to increase the value they assign to it. His exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. He also owns real estate firm Proline Investments, which has hundreds of properties throughout Nigeria.

Femi Otedola of Nigeria also made the list as the 1011th richest man in the world and 3rd in Nigeria with a Net worth of $1.8billion, Otedola is the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company. Originally a Nigerian subsidiary of British Petroleum (BP), Forte Oil has more than 500 gas stations across the country. It owns oil storage depots and manufactures its own line of engine oils. In 2013, Otedola led the company to purchase a government-owned stake in a gas-fired power plant in Kogi state in central Nigeria.In 2015 he ranked 1741st.

Folorunsho Alakija the only Nigerian woman on the list who ranked 1,121st richest person in the world and the 4th in Nigeria with a Net worth of $1.6billion and is the vice chair of Famfa Oil, a Nigerian oil exploration company that has a 60% participating interest in block OML 127, part of the larger Agbami field, one of Nigeria’s largest deepwater discoveries, about 70 miles offshore. Its partners include Chevron and Petrobras. Alakija’s net worth has fallen in the past year as a result of lower oil prices as compared to her 949th ranking in 2015.

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Abdulsamad Rabiu, the founder of BUA Group, ranked 1577th in the world and 4th in Nigeria with a Net worth of $1.1billion, He is a Nigerian conglomerate active in sugar refining, cement production, real estate, logistics and port operations. Rabiu is expanding cement production. In September 2015, BUA signed a $600 million deal with Sinoma International Engineering, a Chinese cement equipment and engineering service provider, to construct a second production line at its flagship Obu cement plant, located in Edo State in the western part of Nigeria.He also ranked 1741st in 2015.

forbes 2016 world richest list

You can get the complete list of Forbes 2016 Billionaires in the World Here.

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1 Comment

One comment on “Rich List : Forbes 2016 Billionaires Rich List , Meets Five Nigerians Who Made the Forbes 2016 Billionaires Rich List

  1. any way we thank them for their succes

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