– According to the 2020 Forbes list, there are only four billionaires in Africa whose wealth are in dollars
– Common to their sources of fortune is that they are in the production and oil industries
– Out of all the four billionaires, Aliko Dangote is both the richest black man and wealthiest in the country
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While Nigeria is home to amazing business-minded people, not many are billionaires in dollars and by Forbes standard.
Only four Nigerians out of the pool of affluent people in the country made the 2020 Forbes billionaire list and they are Aliko Dangote, Mike Adenuga, Folorunsho Alakija, and Abdulsamad Rabiu.
It should, however, be noted that the figures in this article may not be the current wealth of the people mentioned as they have great changes in world economies and personal wealth since the list was released months ago.
Below are therefore the four Nigerians that made the list:
1. Aliko Dangote – $10.1bn (N3,850,120,000,000)
The Nigerian billionaire remained on the list this year as the world’s black wealthiest person. His fortune comes from his Dangote Group which manufactures household items like spaghetti, sugar, salt. He is most known for his cement company.
2. Mike Adenuga – $7.7bn (N2,935,240,000,000)
He the CEO of Nigerian telecommunication company, Globacom came second on the list of billionaires in the country. He, however, is number three among rich Africans.
A collage showing Aliko Dangote, Folorunsho Alakija, Abdulsalam Rabiu, and Mike Adenuga.
Photos sources: Wei Leng Tay, Forbes, Entrepreneurs NG
Source: Getty Images
3. Abdulsamad Rabiu – $3.13bn (N1,193,156,000,000)
The chairman of BUA Group is third in Nigerian but ranks eight on the continent. His group of companies are also in the production of cement, sugar and into real estate. He is from Kano and 60 years old.
4. Folorunsho Alakija – $1bn (N381,200,000,000)
She is the 20th billionaire in Africa and fourth in Nigeria. Her wealth comes from her company, Famfa Oil. Folorunsho Alakija is also a philanthropist. Her oil company has shares in Agbami Oilfield, a very popular offshore company. Chevron and Petrobras are some of the partners of Famfa Oil.
Other rich people in Nigeria are Hajia Bola Shagaya, Jim James Ovia, and Fifi Ekanem Ejindu,
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Meanwhile, Bioreports earlier reported that South African-born billionaire Elon Musk is reportedly richer than Facebook co-founder and CEO Mark Zuckerburg.
Musk gained another $12 billion (N4,628,176,800,000.00) in wealth overnight. This is due to the announcement of Tesla’s addition to the S&P 500 (a stock market index that measures the stock performance of 500 large companies).
Musk’s network is sitting on $114 (N43,967,679,600,000.00) billion while Zuckerberg’s is $101.7 billion (N41,422,182,360,000.00). Musk is also currently the highest-paid executive on the planet and according to reports, he doesn’t take a salary from Tesla.
Bioreports’s special birthday wishes to Mike Adenuga | Bioreports