- Nigerian three richest men, Aliko Dangote and Abdul Samad Rabiu and Mike Adenuga experienced mixed fortunes in terms of their net worth in the last one week
- While the wealth of Dangote and Rabiu increased, that of Adenuga was unchanged, according to Forbes' billionaire ranking
- Dangote, this week regain his position as Africa's richest man as his wealth rose to over N11 billion
Africa's richest man, Aliko Dangote, and industrialist Abdulsamad Rabiu, have experienced a substantial boost in their net worth.
Data from Forbes shows that the two wealthiest men in Nigeria added $500 million(about N384.75 billion) into their net worth within a week( between August 13 to August 20, 2023), propelling them further up the global wealth ranking.
However, the third richest man in Nigeria, Mike Adenuga net worth was unchanged.
Breakdown of Nigerian billionaires net worth
Aliko Dangote's wealth surged from $10.8 billion on August 13 to $11.2 billion on August 20th, reflecting an increase of $400 million (N307.80 billion).
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Dangote's wealth increase is thanks the performance of his company, Dangote Cement, which is major source of his fortunes.
As a result, Dangote has regained his position as the richest man in Africa and has also seen an improvement in his global ranking to 158th place.
Also, Forbes reports that Abdulsalam Rabiu's net worth increased to $5.8 billion from $5.7 billion it started the week.
This represents an increase of $100 million(about N76.5 billion) for the BUA chairman within the review period.
The additional wealth has helped pushed up Rabiu's ranking among the world's wealthiest to 464th.
However, it is a different story for Mike Adenuga as his net worth remained unchanged at $3.6 billion during the period under review.
Forbes reports that Adenuga who built his fortune in telecom and oil production, holds the 797th position on the list of the world's richest men.
Dangote, Elumelu’s wealth soars N3.2bn in one day as UBA shares skyrocket to highest level in 2023
In a similar report, Legit.ng revealed that the chairman of United Bank for Africa, Tony Elumelu, and Africa's Richest man Aliko Dangote have made a combined N3.2 billion in one day, following the increase in the UBAs shares.
This represents a 9.96 percent improvement compared to the 13.55 it traded the previous day.