Dangote Leads Africa for 11th year in a row, as Only 3 Nigerians Make Forbes 2022 Billionaires Exclusive List

Dangote Leads Africa for 11th year in a row, as Only 3 Nigerians Make Forbes 2022 Billionaires Exclusive List

  • Aliko Dangote remains the number one billionaire in Nigeria, and also in Africa and this is for the 11th year in a row
  • Mike Adenuga, Rabiu Abdulsamad were also named in the coveted riche list by Forbes magazine
  • The only businesswoman to disrupt the billionaire list, Folorunsho Alakija, has dropped out from the index after her net worth declined

Forbes has released its annual exclusive billionaires ranking with only three Nigerians, Aliko Dangote, Mike Adenuga and Abdul Samad Rabiu.

In a web post published on Monday announcing its 2022 list of Africa’s richest people the name from Nigeria missing is Folorunsho Alakija.

The report noted that Aliko Dangote, President of Dangote Group retained his spot as the World’s richest black person with a fortune of USD13.9 billion. While Folorunsho Alakija is no longer near the highly coveted list.

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Dangote Leads Africa as Only Three Nigerians Make Forbes Billionaires Exclusive List
Nigeria's three richest men. Credit: @Adenuga @dangote @rabiu
Source: Getty Images

Nigeria's richest woman, Alakija was last listed in 2020.

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Part of the reports reads:

“For the 11th year in a row, Alike Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset,”
“A surge in housing developments in Nigeria and growth in government infrastructure spending drove higher demand in the first nine months of 2021, analysts found.”

Other names on the list

Second to Dangote was South Africa’s luxury goods magnate, Johann Rupert.

Two other Nigerians on the list include Abdulsamad Rabiu (5th) and Mike Adenuga (6th).

Forbes said Mr. Rabiu recorded one of the largest wealth increases from the previous year’s list.

Forbes report continues:

“Nigerian cement tycoon Abdulsamad Rabiu, who is $1.5 billion richer after taking yet another of his companies public.”

Read also

Report shows Dangote, Adenuga together can Lift 63m Nigerians out of poverty with their N8.33tn wealth

“In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange. He and his son retained a 96% stake in the company, which recently had a market capitalization of nearly $2.8 billion.”
“ (Forbes discounts the values of stakes when the public float is less than 5%.) BUA Cement, in which he and his son have a 96% stake, listed in January 2020."

No female made the Forbes billionaire list for 2022.

Business leaders of post-independence Nigeria

Meanwhile Aliko Dangote is one of, if not the most vital businessman in Nigeria post-independence, as the cement mogul has established several companies creating jobs for Nigeria.

In a list compiled by Legit.ng, Dangote was mentioned alongside other notable businesspeople such as Folorunsho Alakija, Rabiu Abdulsamad, Mike Adenuga and Obi Cubana.

They have changed the face of business in Nigeria, ending the era of kola nut and groundnut being the key to success, in creating other revenue potential enterprises.

Read also

Rabiu, Nigeria's Second Richest Man, make N420bn in a Week, Closing the Gap on Dangote, Who Loses N80bn

Source: Legit.ng

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