Dangote, Otedola, 3 Other Nigerians On Forbes World Billionaires List

The President of the Dangote Group, Aliko Dangote, has retained his position as Africa’s richest person. With a net worth of $15.4 billion, the industrialist was listed as the 51st richest person in the world in the Forbes 2016 World’s Billionaires list released on Tuesday, moving up from 67th in the 2015 list.

The list, which contains 1,810 billionaires in dollar terms, also includes the Chairman of Globacom, Dr. Mike Adenuga; Chairman of Forte Oil, Mr. Femi Otedola; Founder and Executive Chairman, Famfa Oil Limited, Mrs. Folorunsho Alakija; and Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu.

Adenuga, whose net worth was put at $10bn, was ranked 103rd on the global list; while Otedola, with a net worth of $1.8bn, was ranked 1,011th. Also, Alakija who is estimated to be worth $1.6bn, came in the 1,121st position, while Rabiu was ranked the 1,577th billionaire in the world, with a net worth of $1.1bn.

Dangote, Adenuga, Otedola and Rabiu emerged 51st, 103rd, 1,011th and 1,577th in this year’s list, from 67th, 393rd; 1,741st and 1,741st, respectively in 2015.

Despite the economic crisis in Nigeria, the five billionaires apparently have increased their net fortunes by $7bn (N1.4tn). They had a combined net worth of $29.9bn this year, down from $22.9bn the year before.