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Dangote Richest In Africa For 7th Year – Forbes - Business - Nairaland

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Dangote Richest In Africa For 7th Year – Forbes by zakim(m): 6:02am On Jan 12
For the 7th year running, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion. That was an increase of $100 million from a year ago.

Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.

Forbes further stated that “Dangote is looking beyond cement - his most valuable asset - and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”

It would be recalled that Dangote was also recently the only African selected among Bloomberg’s world 50 best persons in the year 2017 while names of notable Nigerians were dropped from the billionaires lists, Globacom chairman, Mike Adenuga, with a net worth of $5.3 billion was adjudged the 5th richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6 billion fortune lies in oil exploration firm was adjudged as the 15th richest person in Africa.

Number two on the list of African richest people is diamond mining heir Nicky Oppenheimer of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires. Nigeria has just three.

Last year, South Africa and Egypt tied with six billionaires each.

Boosting the South African ranks this year, is newcomer Michiel Le Roux, the founder and former chairman of Johannesburg-listed Capitec Bank Holdings, whose stock has climbed more than 50 per cent in the past year, making Le Roux a new billionaire worth $1.2 billion.

South African mining tycoon, Desmond Sacco, chairman of listed Assore Group, returns to the list following a stock price surge of some 60 per cent in the past 12 months. Sacco last appeared as a billionaire on the Africa’s Richest list in 2012 with a $1.4 billion fortune. (He also appeared on the 2014 Forbes list of the World’s Billionaires, worth $1.3 billion.)

One South African list member wouldn’t have made the cut a month ago.

In December 2017, the share price of retailer Steinhoff International plunged after the company divulged accounting irregularities. That pushed the net worth of Steinhoff’s then-chairman Christoffel Wiese below $1 billion on December 7. (Wiese resigneda as chairman in December.) In early January the company said it would restate its financial results as far back as 2015 and the share price rebounded enough to put Wiese back in billionaire territory, at least for the moment.

Forbes calculated his net worth on January 5 at $1.1 billion, down substantially from $5.5 billion a year ago.

Zimbabwe gets its first billionaire this year: telecom magnate Strive Masiyiwa, who chairs the Econet Group. Shares of Zimbabwe-listed mobile phone network Econet Wireless Zimbabwe have surged in value over the past year. Masiyiwa owns more than half of that company. He also has a majority stake in fiber optic firm Liquid Telecom, which raised $700 million in a bond offering in July 2017. Forbes estimates Masiyiwa’s net worth at $1.7 billion.

https://www.dailytrust.com.ng/dangote-richest-in-africa-for-7th-year-forbes.html

10 Likes 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by philcz(m): 6:18am On Jan 12
Can Dangote borrow me 5 million he is not currently using?.

47 Likes 4 Shares

Re: Dangote Richest In Africa For 7th Year – Forbes by princeade86(m): 6:19am On Jan 12
hard working and plans with prayer divine success.

7 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by Flexherbal(m): 6:20am On Jan 12
philcz:
Can Dangote borrow me 5 million he is not currently using?.

You never can tell. Maybe you should ask him.
Lol!

10 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by philcz(m): 6:22am On Jan 12
Flexherbal:

You never can tell. Maybe you should ask him. Lol!
grin Ok. I want to use the money for sure 2 odds

18 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by philcz(m): 6:22am On Jan 12
Flexherbal:

You never can tell. Maybe you should ask him. Lol!
grin Ok. I want to use the money for sure 2 odds

8 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by gabinogem(m): 6:44am On Jan 12
philcz:
grin Ok. I want to use the money for sure 2 odds
lol...is that what u will tell him when u want to borrow the money

10 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by xreal: 6:45am On Jan 12
The world should have it at the back of their mind.....Dangote is not the richest Nigerian in Nigeria.

48 Likes 3 Shares

Re: Dangote Richest In Africa For 7th Year – Forbes by overhypedsteve(m): 7:17am On Jan 12
Dangote is just amongst the richest men in Africa. He is far from being the richest or smartest man in Africa some people extorted in four years what he is taking decades to build.


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6 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by lonelydora: 7:17am On Jan 12
This is the kind of news i laugh at whenever i read it. See, if other Igbo (not being tribalistic) men enjoy the leverage Dangote enjoys from the government, he will be no where to be found on the Forbes list.

Not hating tho...Kudos to Dangote.

To gullible Nigerians, Dangote is richer than T.Y Danjuma, Abacha family and IBB. Iffa hear....

The world should know that Dangote is not the richest man in Nigeria nor Bill Gate richer than Putin of Russia.

52 Likes 6 Shares

Re: Dangote Richest In Africa For 7th Year – Forbes by otabuko(m): 7:17am On Jan 12
Oluwa bless me properly.

1 Like

Re: Dangote Richest In Africa For 7th Year – Forbes by datola: 7:18am On Jan 12
Ok
Re: Dangote Richest In Africa For 7th Year – Forbes by jeeqaa7(m): 7:18am On Jan 12
At whose expense? Imagine when the refinery is completed.. Next 20years.. No body will come close..

But Forbes need to come naija..

Abacha wife get money pass dangote na..

Even patience Jonathan sef...

Davido sef get tarrty billion for akant

7 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by jaymejate(m): 7:19am On Jan 12
when Nigeria Politicians hear that Dangote is the richest in Africa

71 Likes 7 Shares

Re: Dangote Richest In Africa For 7th Year – Forbes by Histrings08(m): 7:19am On Jan 12
And richest Blackman too..
Re: Dangote Richest In Africa For 7th Year – Forbes by skarlett(f): 7:19am On Jan 12
Good for him
Re: Dangote Richest In Africa For 7th Year – Forbes by slawomir: 7:21am On Jan 12
nonsense
because he got investment everywhere that is why he is been adjuged as the richest.
there are many Nigerians with no investment but their money na die
even there are some badt men in Benin City here that got the raw cash way double that of dangote

3 Likes 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by Nobody: 7:21am On Jan 12
What of the popular Otedola ?

2 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by Nobody: 7:21am On Jan 12
zakim:
For the 7th year running, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion. That was an increase of $100 million from a year ago.

Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.

Forbes further stated that “Dangote is looking beyond cement - his most valuable asset - and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”

It would be recalled that Dangote was also recently the only African selected among Bloomberg’s world 50 best persons in the year 2017 while names of notable Nigerians were dropped from the billionaires lists, Globacom chairman, Mike Adenuga, with a net worth of $5.3 billion was adjudged the 5th richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6 billion fortune lies in oil exploration firm was adjudged as the 15th richest person in Africa.

Number two on the list of African richest people is diamond mining heir Nicky Oppenheimer of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires. Nigeria has just three.

Last year, South Africa and Egypt tied with six billionaires each.

Boosting the South African ranks this year, is newcomer Michiel Le Roux, the founder and former chairman of Johannesburg-listed Capitec Bank Holdings, whose stock has climbed more than 50 per cent in the past year, making Le Roux a new billionaire worth $1.2 billion.

South African mining tycoon, Desmond Sacco, chairman of listed Assore Group, returns to the list following a stock price surge of some 60 per cent in the past 12 months. Sacco last appeared as a billionaire on the Africa’s Richest list in 2012 with a $1.4 billion fortune. (He also appeared on the 2014 Forbes list of the World’s Billionaires, worth $1.3 billion.)

One South African list member wouldn’t have made the cut a month ago.

In December 2017, the share price of retailer Steinhoff International plunged after the company divulged accounting irregularities. That pushed the net worth of Steinhoff’s then-chairman Christoffel Wiese below $1 billion on December 7. (Wiese resigneda as chairman in December.) In early January the company said it would restate its financial results as far back as 2015 and the share price rebounded enough to put Wiese back in billionaire territory, at least for the moment.

Forbes calculated his net worth on January 5 at $1.1 billion, down substantially from $5.5 billion a year ago.

Zimbabwe gets its first billionaire this year: telecom magnate Strive Masiyiwa, who chairs the Econet Group. Shares of Zimbabwe-listed mobile phone network Econet Wireless Zimbabwe have surged in value over the past year. Masiyiwa owns more than half of that company. He also has a majority stake in fiber optic firm Liquid Telecom, which raised $700 million in a bond offering in July 2017. Forbes estimates Masiyiwa’s net worth at $1.7 billion.

https://www.dailytrust.com.ng/dangote-richest-in-africa-for-7th-year-forbes.html

Southern, middlebelt leaders in handshake across the Niger want herdsmen declared terrorists


A convocation of Southern and Middle-belt leaders in Enugu on Thursday has faulted President Muhammadu Buhari for the Federal Government’s refusal to declare the herdsmen as terrorists, as was done to the outlawed Indigenous People of Biafra. They requested the federal government to immediately declare both the Myitte Allah Cattle Breeders Association and rampaging Fulani herdsmen as terrorist groups.

The convocation met under the auspices of Handshake ‎Across the Niger; a Celebration of Igbo/Yoruba Friendship Beyond Brotherhood, organised by a pan Igbo group, Nzuko Umunna. The event, hosted by the leaders of Afenifere and the Ohanaeze Ndigbo, was also attended by the representatives of the South-South and the Middle Belt.

Those from the South-West included Chief Olu Falae, Ayo Adebanjo, former Ondo governor Olusegun Mimiko, former aviation minister, Femi-Fani Kayode, among others. The Middle-belt delegation, which included a former governor of Kwara State, Chief Cornelius Adebayo, was led by ex-Plateau Governor, Jonah Jang.

The South-East representatives include: the President-General of Ohanaeze Ndigbo, Chief Nnia Nwodo, former Governor Chukwuemeka Ezeife, Deputy Governor of Imo State, Sen. Enyinnaya Abaribe, who represented the Deputy Senate President, Ike Ekweremadu, representatives of both the Enugu and Anambra governors among other dignitaries.

Others at the meeting were Prof. Anya O. Anya, Prof. Pat Utomi, Igwe Alfred Achebe of Onitsha, Chief Ifeanyi Uba, Yinka Odumakin, wife of former military leader Aguiyi Ironsi, Victoria, son of the late Col. Adekunle Fajuyi, who was killed with Aguiyi-Ironsi in the 1966 counter-coup, Donald.

Read more: https://newsworth.ng/southern-middlebelt-leaders-handshake-across-niger-want-herdsmen-declared-terrorists/
Re: Dangote Richest In Africa For 7th Year – Forbes by lonelydora: 7:21am On Jan 12
xreal:
The world should have it at the back of their mind.....Dangote is not the richest Nigerian in Nigeria.

Only if they will hear

3 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by Benz4pimp(m): 7:22am On Jan 12
Yet he no dey pay tithe

4 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by freedomchild: 7:22am On Jan 12
Monopoly at play.. dangote using political connection to suppress other business competitors

17 Likes 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by fisher101(m): 7:22am On Jan 12
gabinogem:
lol...is that what u will tell him when u want to borrow the money

Our thieving politicians be like 'look at this broke ass dangote claiming to be richest man in africa' lmao

5 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by Joegalvinsblog(m): 7:23am On Jan 12
I strongly recommend this for him


https://www.youtube.com/watch?v=ikKYwJaXugU

1 Like 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by johnstar(m): 7:24am On Jan 12
Some politificians are richer dan dis man

Diazani

undecided

Wey park money

Wr dat woman dey self
Re: Dangote Richest In Africa For 7th Year – Forbes by Mcsenior(m): 7:24am On Jan 12
cool
Some persons are richer than him even in his home town.


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Re: Dangote Richest In Africa For 7th Year – Forbes by deepwater(f): 7:25am On Jan 12
Please tell him to do wharf - Area B Road quick


The engineers seems to be clueless
One said they never expected to see water few feets below when ever they take a scoop of the earth.

Come-on biatch, this is a wharf road! Where ship come to berth, what were u expecting Diamonds ? undecided

5 Likes 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by fajob: 7:25am On Jan 12
wow. thats good
Re: Dangote Richest In Africa For 7th Year – Forbes by moscobabs(m): 7:25am On Jan 12
G
Re: Dangote Richest In Africa For 7th Year – Forbes by STILESGANG: 7:25am On Jan 12
Bloggers and fake news.This forbes list is at least 2 years old.warren buffet no longer the world second richest man.You guys should be credible for once in your lives

3 Likes 1 Share

Re: Dangote Richest In Africa For 7th Year – Forbes by Oblang(m): 7:26am On Jan 12
lonelydora:
This is the kind of news i laugh at whenever i read it. See, if other Igbo (not being tribalistic) men enjoy the leverage Dangote enjoys from the government, he will be no where to be found on the Forbes list

Not hating tho...Kudos to Dangote.

To gullible Nigerians, Dangote is richer than T.Y Danjuma, Abacha family and IBB. Iffa hear....

What are u trying to say there?

7 Likes

Re: Dangote Richest In Africa For 7th Year – Forbes by Pavore9: 7:26am On Jan 12
fisher101:


Our thieving politicians be like 'look at this broke ass dangote claiming to be richest man in africa' lmao

Those politicians can not boldly declare their worth so they let Dangote take the shine.

5 Likes

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