Dangote, Adenuga, Rabiu’s wealth increases by $5.7 billion – Forbes

April 7, 2021
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According to Forbes’ 2021 World’s Billionaire list, the combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn.

The list, which was released on Tuesday saw 14 African billionaires with the President/Chief Executive of Dangote Group, Aliko Dangote, leading the pack.

Recall that in 2020, Dangote, Africa’s richest person, saw his net worth skyrocketed to $11.5bn from $8.3bn in 2020, making him the 191st wealthiest person in the world.

The Chief executive of Conoil PLC and Globacom, Dr Mike Adenuga, who is identified to be Nigeria’s second richest person and the fifth in Africa was ranked 440th as his fortune rose to $6.1bn from $5.6bn last year.

It was also gathered that the wealth of the founder of BUA Group, Abdulsamad Rabiu, surged to $4.9bn from $2.9bn in 2020, making him the 574th richest person in the world and the sixth in Africa.

Other Africans on this comprise of five South Africans, five Egyptians and one Algerian.

Jeff Bezos, The founder and CEO of Amazon is the world’s richest for the fourth year running, worth $177bn, while the co-founder and CEO of Tesla Elon Musk overtake the number two spot with $151bn as his shares surged.

According to the American business magazine, the number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 – 660 more than a year ago.

“Of those, a record high 493 were new to the list — roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back. A staggering 86 per cent are richer than a year ago,” it said.

Altogether, the billionaires are worth $13.1tn, up from $8tn in 2020.

“The United States still has the most, with 724, followed by China (including Hong Kong and Macao) with 698. We used stock prices and exchange rates from March 5 to calculate net worth’s,” Forbes added.

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