Dangote still tops the list

By Ademola Adeyemo

Nigeria has overtaken South Africa by topping the Forbes’ list of
Africa’s richest people.

In the list of 50 richest people in Africa released recently, business
mogul, Alhaji Aliko Dangote, topped the list with12 other wealthy
Nigerians on the continent’s 50 richest people.

In the latest list, South Africa came second with 11 richest persons,
down from 14 it had last year.

Nigeria’s new strength was attributed to its efforts in eradicating the
Ebola Virus Disease in the country this year, which Dangote helped to
fund.

This year, six new billionaires joined the list, and they are Mr. Femi
Otedola, Mr. Tony Elumelu and Chief Orji Uzor Kalu, who are
Nigerians, and King Mohammed VI of Morocco, Ali Wakrim of
Morocco, Ahmed Ezz of Egypt and Mohamed Bensalah also of Morocco
who rejoined the list after dropping off in 2013.

According to the Forbes report, three billionaires who dropped from
the list, are Vimal Shah of Kenya who was replaced by his father,
Bhimji Depar Shah; Abdulsamad Rabiu of Nigeria dropped below $1
billion due to ceased operations at his floating cement terminal.

Also, South African mining mogul, Desmond Sacco, dropped to a net
worth of $680 million, down from $1.4 billion last year, due to a
sharp decline in the share price of his mining firm, Assore Group.

The report also stated that Dangote tops the list with a fortune of
$21.6 billion, followed by the South African luxury goods magnate,
Johann Rupert, with an estimated $7.3 billion.

His Compagnie Financiere Richemont has a stable of luxury brands
including Cartier, Montblanc and fashion house Azzedine Alaia.

Seven wealthy people the 2013 list of billionaires who fell off the list
this year are, Vimal Shah of Kenya replaced by his father, Bhimji,
Cyril Ramaphosa of South Africa, Raymond Ackerman of South Africa,
Sani Bello of Nigeria, Adrian Gore of South Africa, Shafik Gabr of
Egypt, and Alami Lazraq of Morocco.

The oldest person on the list of the 50 African richest persons are
Miloud Chaabi of Morocco and Onsi Sawiris of Egypt who are 80 years
old and the youngest is Mohammed “Mo” Dewji of Tanzania who is 39.
The report also stated that 35 fortunes were self-made; two were
inherited while the remaining 13 were though inherited, are being
expanded. The average net worth of each list member is $2.2 billion,
compared to $2.1 billion a year ago.

“Our list tracks the wealth of African citizens who reside on the
continent, thus excluding Sudanese-born billionaire Mo Ibrahim, who
is a United Kingdom citizen, and billionaire London resident Mohamed
Al-Fayed, an Egyptian citizen,” Forbes said.


http://www.thisdaylive.com/articles/nigeria-overtakes-south-africa-has-the-highest-number-of-wealthy-people-in-africa/194588/

More billionaires in Nigeria , less average people , the gap between the rich and the poor widens everyday , Nigerian reserve reduced by $2b in a month I wonder why we are celebrating billionaires who apparently aren't making difference in Nigeria

Another beef from south Africa... God bless Nigeria!! GEJ till 2019.

Good for them. Should we celebrate?

-Don't forget South Africa GDP per capital is larger than ours.
-Forget our fugly huge GDP, that's for investors to feed fat not for the common man.
-Don't forget Mr Clueless plans to buy N9.2bn worth of cooking stoves from South Africa, creating more jobs for them while thousands of our citizens get stampeded looking for job.
-Don't forget South Africa MTN and DSTV is Milking us dry. Well blame the government for turning NTA the largest African station to crap.
-Don't forget our revenue is just over $23bn while that of South Africa is a whopping $95bn, They have far more to spend on far less population.

So i ask again, Should we celebrate? Because of the few billionaires we have?

op....did the billionaires share their money with you?

Idrismusty97:
Good for them. Should we celebrate?

-Don't forget South Africa GDP per capital is larger than ours.
-Forget our fugly huge GDP, that's for investors to feed fat not for the common man.
-Don't forget Mr Clueless plans to buy N9.2bn worth of cooking stoves from South Africa, creating more jobs for them while thousands of our citizens get stampeded looking for job.
-Don't forget South Africa MTN and DSTV is Milking us dry.

So i ask again, Should we celebrate? Because of the few billionaires we have?

If u die of hatred,even ur stupiidity won't forgive u

nigerianvenom:


If u die of hatred,even ur stupiidity won't forgive u

Point out the hatred in that post or be damn forever! This is the problem of Nigerians, we never set our priorities right. Now run along and go celebrate the Anti gay law signed by the most "able" president while thousands of rapïst roam the street untouched.

ROSSIKE:
op....did the billionaires share their money with you?

U SHOULD HAVE ASK FORBES MAGAZINE OR THISDAY NEWSPAPER THAT QUESTION

nice development,



GEJ established a level ground for entrepreneurial development

ROSSIKE:
op....did the billionaires share their money with you?

I doubt that.

The op will probably eat bread, butter and pure water for breakfast before taking Okada to work at his 30k per month job.

I shake my head at the daft trying to pass this off as an achievement.

And we overtook them in having the highest number of poor people.


Nigeria no dey carry last.

And our naira keeps weakening day in day out