Aliko Dangote, president of Dangote group, is now richer than Donald Trump, Republican front runner; Roman Abramovich, owner of Chealsea football club and Oprah Winfrey, the richest black woman, put together.Dangote, who came in at the 51st position of the 2016 ranking by Forbes Magazine, is also richer than the combination of all other Nigerians who made the list.
Despite losing $300 million from $15.7 billion (N3.1 trillion) to about $15.4 billion, (N3.05 trillion) in the latest rankings, Dangote remains the richest black billionaire anywhere on the planet.
At $15.4 billion, the 58-year-old is richer than Abramovich ($7.6 billion), Oprah ($3.0 billion) and Trump $4.5 billion.
The Nigerians who made the list are Mike Adenuga ($10 billion), Femi Otedola ($1.8 billion), Folorunsho Alakija ($1.6 billion) and Abdulsamad Rabiu ($1.1 billion), who came in at 103, 1,011, 1,121 and 1,577 respectively.
Nigerian billionaires on the list
Bill Gates remains the richest person in the world with a net worth of $75 billion, “despite being $4.2 billion poorer than a year ago. He has been No. 1 one for 3 years in a row and topped the list 17 out of 22 years”.
Amancio Ortega moves up to the second spot for the first time, displacing Mexico’s Carlos Slim, who slips number four, while Warren Buffett remained steady in third position.
Facebook’s Mark Zuckerberg had the best year of all billionaires, the 31-year-old adding $11.2 billion to his fortune and moved up 10 places from 16 to the sixth spot.
The global economic volatility and plunge in commodity prices also affected the billionaires’ list, as the 16 billionaires fell of the list.
“Volatile stock markets, cratering oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe and a drop in ten-figure fortunes for the first time since 2009,”Forbes said.
“For our 30th annual guide to the world’s richest, we found 1,810 billionaires, down from a record 1,826 a year ago. Their aggregate net worth was $6.48 trillion, $570 billion less than last year.
“It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now $3.6 billion, $300 million less than last year.”
Alakija was negatively affected by the fall in oil prices, while Dangote took a hit due to a fall in the Nigerian currency, naira.
“Her first company was a fashion label that catered to Nigeria’s elite women, including the wife of former military president, Ibrahim Babangida, who awarded Alakija’s company an oil prospecting license. Alakija’s net worth has fallen in the past year as a result of lower oil prices,” Forbes said.
As Africa’s largest cement producer, Dangote owns about 90 percent of publicly-traded Dangote Cement through a holding company, a percentage that exceeds the 80 percent ownership ceiling set by the Nigerian Stock Exchange.
In 2015, Dangote and 61 others were richer than 3.5 billion people around the world.
and I hope they didn’t start-up with a corrupt money?
Dat doesn’t change d bad and ugly sitution of Nigeria
He has been
small small ambition
How his wealth help transform nigeria
And you still sell your cement @1500 you not rich my friend
investment in a territory where exploitation is legal often accelerate investors wealth….Certain questions will explain why Dangote is so opulent. ..Does Nigeria have a valid labour law? How sincere are labour unionist reps? Is the gvt in favour of common people or investors? How committed is the so called Dangote to human development initiatives? If you find valid answers to these questions, you will understand why Dangote is more privileged compared to western investors mentioned above.
why not when 1 person is managing entire country economy
It’s good to hear this but how much is he doing for the country
He’s the richest man in Africa but his brothers are still beggars all over Nigeria, now that’s useless wealth and stupidity.
They did not start up with stolen money like so called richest man in Africa
This good for Africa
His opportunity in that country is massive he can avoid to be the richest bt again kudos to him bcos not all that has his opportunity cn attain his opposition
May my family make money,congrats sir I celebrate you!
Una don come again?Hw dat one take concern us?
With Nigeria oil money
More blessing too him…A very hubble man…..
Finally “business” nah d way out!
Excellent comment indeed !!
Congrats, good news
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Forbes do know very well how
Dangote is making his dubious
quid, still they will enlist him as
Africa’s richest man because it’s
just another way of fooling and
mocking the whole continent and
their mostly poverty stricken inhabitants !!
Just take a look alone from where the Dangote
himself originates from and y’all know what i’m
talking about …, a wealthy man amongst multitude of wretched folks coupled with serious decaying economy, upon all his investments !!!
When Nigerian government made him the only person who can import one items for decades, Why won’t him be the richest man in Africa..feed us better news joor!
Has dat reduce 4 prince of cement?
With all that money his tribe still remain the poorest tribe in Nigerian, shame on him
Mumu, does he resemble your president? Or governor? Cry to them. Not hin
He’s the richest man in Africa but his brothers are still beggars all over Nigeria, now that’s useless wealth and stupidity.
Onos Gabriel Ezaha why insult me? Don’t you know what is call philanthropist? Did you know that Facebook owner gave more than 90% of his wealth to charity. Do you know that Bill gate give money globally to support the poor ?
He is rich but not the the richest in Africa. Many criminals here in Nigeria are 10 times richer than him. We all know IBB, Obasanjo, Atiku and the rest If rated are among the top 20 richest people in the world.
He is rich but business is a business.
So what ?
Preach brother. Preach
I love this man, because he is not building university, Hotel and shopping mall every where like others.. Higher institutions in Nigeria is more than needed.. there are alot of other businesses to invest in, but they preferred cheap manageable business.. that doesn’t require smart thinking..
Please tell them again
U can say that again. Smh…
U can say that again. Smh…
Obabenmiv Mivourine Benjamin , don’t mind the idiot and his insult. He’s rich no doubt about that, but his brothers are the most baggers in all the streets in Nigeria. If his richness does not benefit the poor and the needy, then his wealth is zero
Obabenmiv Mivourine Benjamin , don’t mind the idiot and his insult. He’s rich no doubt about that, but his brothers are the most baggers in all the streets in Nigeria. If his richness does not benefit the poor and the needy, then his wealth is zero
If you are the one who imports the sugar,rice,cement and other commodities that over 180 million people are using,why would you not be rich?
If you are the one who imports the sugar,rice,cement and other commodities that over 180 million people are using,why would you not be rich?
Who cares? Owner of facebook is there busy giving out his money to less privilege
When the money keep calling…
Suf-yan Mr-velli eish
Who cares,abi make we dey run ni? Next post pls
Because they don’t declare their good that is why tell your ibb and obasanjo to come out and tell us what they really have they won’t so dangote is rocking them
Why don’t you take over from where he stop
govt politician loot are wit him
They are richer at someone’s expense. Its a shame we magnify a system that allows a single person to accumulate resources capable of sustaining a 100million people
Who e epp?
I tap into that grace
Richer than all this people and Nigeria is still suffering
After all of these Who you Epp!
Oprah Winfrey is not the richest black woman, Alakija is.
Richest man in Africa
Helping no one
That’s crazy
Highly focused business man(not a politician) taking all the risk and making his billions in the same economy people are complaining by the time he finished his $12billion refinery he will rank 10th in the world i duff my hat to him
What stops others from been a sole importer of other things Nigeria import??? How many people or company are importing fuel that you still have scarcity?? If you can end fuel scarcity and be a sole importer, please see Mr president..
I’m happy for him but at least he should help people from his tribe Nigeria as a whole if possible the only thing I know about Dangote is that he’s the richest in Africa that’s all doesn’t make any sense to me.. well devil help the stingy ones …. WHO DANGOTE EPP????
lol keep dreaming.
Who is that Amancio ortega
He’s helped us here in zambia by reducing the price of cement, may God bless u mr dangote. Happy 4 u
Hanssen Gregory the nigerian govt made his the only one to make importation of every goods, and frustrated many igbo importers, dangote is the source of the looters of nigerian govt, they steal through his name.
the nigerian govt made his the only one to make importation of every goods, and frustrated many igbo importers, dangote is the source of the looters of nigerian govt, they steal through his name. people who dont open books will not know this, cus many nigerians hate reading, dangote is corrupt. more corrupt than any nigerian politician, he is the mince of looted funds out of nigeria.
@Hanssen Enemy Gregory..Nigeria is darkness & tribalism country…Ask your mr president Buhari why he revoked Ibeto Group of Company license for import cement..before you says something you don’t no!
Is he Rich in his heat U0001f615?
If he is Rich as you said let him build us on refinery as a way of helping out the poor masses over fuel scarcity in Nigeria after all he have gain from every Nigerian by means of Rice communication
that God for you
Look at you, his refinery what a same so One man can build that in Nigeria when Nigeria government can not build a refinery, this kind of thing can only happen in Nigeria
Abigail Nne! If government are sleeping and golden opportunity present itself my dear be wise enough and grab it..that is what we call being wise and the bible made it clear that the children of this world are even wiser than children of the kingdom.my dear the more vision you have the more wealthier you become is a free world
He is just condict of stolen money in nigeria. If we have a level playing ground in the zoo who dash monkey coat? Monkey clever na bcos tree near tree but not only one tree, you go no say monkey na mumu.
He is just condict of stolen money in nigeria. If we have a level playing ground in the zoo who dash monkey coat? Monkey clever na bcos tree near tree but not only one tree, you go no say monkey na mumu. Lets remove the stolen from our past generals, past presidents & other political class, then we will know who owns what. Did you see the name of Donald Trump in the Panama paper? Please compare Trump with genuine business men and not any how person.
@ Paul Pogba what make u feel ur tomorrow won’t be worst than dose kid’s?
@ Paul Pogba what make u feel ur tomorrow won’t be worst than dose kid’s?
Why won’t he? When the economy of the Zoo is equal to zero U0001f982U0001f982
And so what??? what value does it add to Nigeria’s economy??. nonsense
Rands and the nairas call him papa
But is poverty that cause boko harassment in northeast
sound d alarm my dear
when our theif governors and minister gives him moneyto invest and then in turn gives them d money back cleanly . he is a con man.used by our politicians to get their clean money . no wonder he hold monopoly to most goods
Forbes doesn’t give a damn how dangote makes his money as long as he’s not a govt functionary or in public service
god bless u jare. I c u r current. slap yourself. I mean clap for yourself
we don’t know anything yet. nothing, I repeat absolutely nothing stops dangote from becoming d lord’s richest man. with his already existing cement factories, tank cars, proposed and soon to be operational oil refineries, pipelines and rail systems in d offing, another centobillionaire in d timber and caliber of john davison Rockefeller in d making
So in your village you don’t have any other rice,cement and sugar apart from dongote’s.Envy will kill you! For your info dangote has not been in the rice business for over 10 Years until recently when he decided to farm the product at jigawa and other areas.
but forbes had listed at one time the ex- president
of Egypt Mubarak as one of the world’s richest men, but he
was also a politician in his own nation !!
why must you guys fight over nothing all the time…he is our pride and we are proud of him.
Bless you sir
they’ve even listed ” drug barons ” too before like
the late former colombian drug lord pablo escobar !!
They enlist whoever they feel like enlisting .., period !!
lol…..Refinery????? fellow Nigerians una no go kill me with laugh. Do you know how much an Oil Refinery worth in dollars?? he is a business man, out there to make profit. In case you don’t know he is constructing a massive Refinery now as we speak
Rubbish! He has always been richer than Donald J. Trump
Well,his richer than all mentioned and his home country is nothing to write home about, well,he just monopolize everything, that other things not mentioned.
Bitter you bro
Yes dumb skull.
OG Quincy Pac .., i knew very well that’s
what’s going to come out from someone,
it’s either someone says ,” jealousy or one
is bitter ” .., but unfortunately that’s the way
most of y’all reason, that false mentality !!!
Because most of y’all fail to reason right and
see far beyond. Don’t you know that, such
publications or articles do actually have negative
effects on societies, especially like in Nigeria ??
These prominent Nigerian so-called celebrities,
are supposed to be known and praised for positive
things they do for their folks and communities, not
being ” Womanizers ” .., Straight and Simple !!!
OG Quincy Pac … and bro, i can’t be bitter or jealous whatsoever, because none of them ain’t feeding me
and they can’t feed me, i do live pretty good myself
and can afford my life needs .., i’m talking about the
morals and they ought to present themselves to the
public as true and good ” role models ” !!!!
At least you should have used ‘Google’ if you aint current enough.
You mean you? OG Quincy Pac
That news about zuckerberg is fake. sure he’s a philanthropist but he didn’t give out 90% of his wealth to any charity. come to think of it, he gave out 90% and still the 6th richest worth (44.6 billion) You are just one of those that believes in Fake Facebook news.
E dey epp him people just as you dey epp yours.
OG Quincy Pac name one positive impact he made in Nigeria, ignoramus!
$5.5 per bag
Bros, you went to far with that word ‘dubious’