Forbes 2020 world’s richest rankings: Only 4 Nigerians make exclusive billionaires list
Only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija made Forbes’ 2020 coveted billionaires ranking.

Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija making the highly coveted list. Amongst the four, Aliko Dangote, President of Dangote Group retained his spot as the World’s richest black person with a fortune of USD10.1 billion. Mike Adenuga, Chairman of Globacom came in as second in Nigeria and third in Africa with a fortune of USD7.7 billion whilst Abdul Samad Rabiu of BUA Group was 3rd in Nigeria and 8th in Africa with a fortune of USD3.13 billion – moving up 8 places from last year’s ranking. Folorunsho Alakija of Famfa Oil completes the list of Forbes billionaires from Nigeria with a fortune of USD1 billion dollars coming in at #20 in Africa.

Of the four Nigerians on this year’s Forbes list, only BUA’s Abdul Samad Rabiu saw an increase in his fortunes from the previous year. Abdul Samad in January merged his Obu Cement Company with the publicly listed Cement Company of Northern Nigeria (CCNN) where he had controlling shares. The new entity listed as BUA Cement Plc on the Nigeria Stock Exchange became the third largest entity on the exchange with N1.18 trillion market capitalization.

According to Forbes, only eight of Africa’s 54 nations have billionaires in the list of Global billionaires. Egypt and South Africa are tied with five billionaires each, Nigeria four; Morocco has two, while Zimbabwe and Tanzania have one billionaire each. In the list, Africa’s 20 wealthiest people are richer in 2019 than 2018 with combined worth at $73.4 billion.

The magazine said the list was generated after the billionaires’ net worth was calculated using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020. “To value privately-held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks or days of our measurement date,” Forbes statement further added.

The current list shows that Nassef Sawiris of Egypt’s came second in Africa with his fortunes rising to 8billion dollars from $6.3billion.

Others on the list from Africa are: Nicky Oppenheimer $7.7 billion; Johann Rupert $6.5 billion; Issad Rebrab $4.4 billion; Mohamed Mansour $3.3 billion; Naguib Sawiris $3 billion; Patrice Motsepe $2.6 billion; Koos Bekker $2.5 billion; Yasseen Mansour $2.3 billion; Isabel dos Santos $2.2 billion; Youssef Mansour $1.9 billion; Aziz Akhannouch $1.7 billion; Mohammed Dewji $1.6 billion; Othman Benjelloun $1.4 billion; Michiel Le Roux $1.3 billion; Strive Masiyiwa $1.1 billion and Folorunso Alakija $1 billion.

Make God just bless our hustle. I know I shall one day make it, and it shall then be my turn to shine.

You do not pray for good health, happiness and enough for you and your family.

Just don't kill yourself or somebody for billion that cannot cure sickness.

Bluntguy:
Make God just bless our hustle. I know I shall one day make it, and it shall then be my turn to shine.

nobaga:
You do not pray for good health, happiness and enough for you and your family.

Just don't kill yourself or somebody for billion that cannot cure sickness.

Don't go and hustle you hear? Keep praying for Manna to fall from heaven. Moses!!!

How many black south Africans are on the list? If none, just assume that South Africa has no billionaire. My name is next.

Not complete yet, add my name to make it 5th now now ooo!!

Igbo no dey the list?

This is pure cheating, upon say NA we Igbos own Abuja, Kaduna, Kano, ph, Lagos and other big Cities.

Godons1:
Igbo no dey the list?

This is pure cheating, upon say NA we Igbos own Abuja, Kaduna, Kano, ph, Lagos and other big Cities.

Tribal bigot

if our politicians could release their net worth, dangote no near at all. only tinubu go finish am

Isinweke:



Tribal bigot

Guy what your problem with me?
I'm an Igbo man from Aba and it pains me that no one from my Tribe (Igbo) makes list of Billionaires. They RIGGED the list.

No Igbo on that list, hmmmm! federal government is unfair to us.

Godons1:


Guy what your problem with me?
I'm an Igbo man from Aba and it pains me that no one from my Tribe (Igbo) makes list of Billionaires. They RIGGED the list.

It's either you're a teenager or a fool, don't mention me again.


You're a Yoruba from the South West, stop fooling yaself

ebuka10box:
if our politicians could release their net worth, dangote no near at all. only tinubu go finish am

HMMMMMM

10 BILLION DOLLARS NO BE HERE BROS
YOU ARE ON THE GLOBAL RADAR.

where is Evans? Hushpypy? Invictus? The list is inconclusive