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Home Sectors BUSINESS & ECONOMY Forbes Richest: Dangote Is This Year’s Biggest Loser

Forbes Richest: Dangote Is This Year’s Biggest Loser

Forbes has released the 2015 list of World Billionaires with 5 Nigerians making the list of almost 2000 entries and 5 Nigerians were included on the list with Aliko Dangote leading the pack at number 67.

Nigerians on the list are Africa’s richest man, Aliko Dangote, who is placed 67th; Mike Adenuga at 393 with $4.2 Billion; Folorunsho Alakija at 941 with $2 Billion; Femi Otedola at 1741 with $1 Billion and Abdulsamad Rabiu at 1741 with $1 Billion.

According to Forbes, the year’s biggest loser in dollar terms is Aliko Dangote, whose fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Nigerian currency and shrinking demand for cement, his largest asset.

The Nigeria business mogul, however, still retains the title of Africa’s richest man.

The country that was lost the most ground by far was Russia, which now has 88 billionaires down from 111, less than not just the U.S. and China but now also Germany and India.

Globally, Bill Gates is once again the richest person on the planet, a title he’s held for 16 of the past 21 years. Gates fortune grew $3.2 billion since last year to $79.2 billion, despite a gift of $1.5 billion in Microsoft MSFT -0.47% shares to The Bill & Melinda Gates Foundation in November 2014.

Mexican Carlos Slim Helu is the second richest man in the world while American investor Warren Buffett took back the No. 3 spot from Spain’s Amancio Ortega (now No. 4); not even the largest IPO in history was enough to beat the Oracle of Omaha this year. Buffett was the list’s biggest gainer, up $14.5 billion to $72.7 billion, thanks to Berkshire Hathaway’s rising share price. Facebook’s Mark Zuckerberg moves up 5 spots to number 16, his first time ranked among the world’s 20 richest. Ma and three other Chinese are among the the biggest gainers and appear among the 50 richest on the list.

Zuckerberg is also the leader in a youth revolution that has minted 46 billionaires under the age of 40. The youngest billionaire on the planet is Evan Spiegel, 24, co-founder of photo- messaging app Snapchat. California, driven by Silicon Valley tech companies, has spawned 23 new billionaires, including cofounders of car-hailing service Uber cofounders Travis Kalanick and Garrett Camp, and their first employee Ryan Graves. Elizabeth Holmes, who runs blood-testing firm Theranos, debuts on the global list as the youngest self-made woman at age 31. The state now has 131 individuals with 10-figure net worths, more than any other country besides China and the U.S.

The year’s biggest loser in dollar terms is Aliko Dangote of Nigeria, whose fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Nigerian currency and shrinking demand for cement, his largest asset. He still retains the title of Africa’s richest man. The country that was lost the most ground by far was Russia, which now has 88 billionaires down from 111, less than not just the U.S. and China but now also Germany and India.

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