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Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b - Business - Nairaland

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Forbes 2019: Dangote, Mike Adenuga Top List Of Africa Billionaires (full List) / $28.9b Reserves: CBN Warns Against Reckless Forex Spending / Naira Dips To N490/$ As CBN Seeks End To Black Market (2) (3) (4)

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Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Islie: 9:22pm On Jan 09
by Lucas Ajanaku with Agency report




President, Dangote Group, Alhaji Aliko Dangote retained his Africa’s richest man position for the eighth consecutive time though his wealth dipped by $2 billion from $12.2 billion in January 2018 to $10 billion this year, Forbes’ Africa Billionaires List released yesterday showed.

The Chairman of Globacom with interests in oil exploration and real estate, Dr Mike Adenuga Jnr moved up to be Africa’s second richest man.

The United States (U.S.) magazine said Adenuga’s net worth increased tremendously from $5.3 billion to $9.2 billion because he provided more detailed information about his assets.

Also, the Chief Executive Officer of BUA Group, Alhaji Abdulsamad Rabiu, featured on the list for the first time since 2015.

The merger between Rabiu’s Kalambaina Cement firm with Cement Company of Northern Nigeria, which he controlled, in December 2018 was formally consummated in Sokoto earlier this week. He now owns 97 per cent of the entity.

Kalambaina, which operates a new cement production facility, started selling cement in mid-last year just as Rabiu’s OBU Cement has expanded its operations, adding a new production line.

Mrs Folorunsho Alakija, whose net worth dropped to $1.1 billion from $1.3 billion, was ranked 19th. She is vice chair, Famfa Oil, an indigenous oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Famfa Oil’s partners include Chevron and Petrobras.

Alakija’s first company was a fashion label whose customers included the wife of former military President Ibrahim Babangida.

The Federal Government awarded Alakija’s company an oil prospecting license in 1993, which was later converted to an oil mining lease.

Alakija’s ranking was in a tie with South African banker, Michiel Le Roux.

Forbes blamed plunging stock values and weaker currencies for the shrinking in the billionaires club in Africa.

It said: “Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago.

“Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but four members of the list have smaller fortunes than a year ago.”

In a per country ranking, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco- two. Forbes found one billionaire each from Algeria, Angola, Tanzania and Zimbabwe.


http://thenationonlineng.net/forbes-dangotes-wealth-dips-2b-adenuga-s-3-9b/

5 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by REDshouse(m): 9:23pm On Jan 09
Effects of Nigeria Economy...

35 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Betakeshi: 9:28pm On Jan 09
grin
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Chizuru01(m): 9:33pm On Jan 09
Dangote never made money through oil blocks. I respect him for that.

But, I respect Igbo People the more for making him rich. If not for massive development in the South that requires Cement, he wouldn't have made it to Forbes. hungry Alamajiri wey never chop, na house e go build ?

99 Likes 6 Shares

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by NotBeenPaid(m): 9:38pm On Jan 09




The after effect for allowing Buhari to add him to his campaign lists.




50 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by greatface(m): 9:38pm On Jan 09
Inspite of what the current government of apc/buhari will want us believe about economy booming under thier watch, i never believed them and here it is reflecting in dangote's wealth.

5 Likes

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by itiswellandwell: 9:39pm On Jan 09
Hmm
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Yankee101: 9:39pm On Jan 09
Adenuga is one of those guys to call and get angry because they say he is not as rich as he should be. Some people are rich but because they suffered too much while growing up the mentality of poverty never left them. Enter Adenuga.

Buhari happened to Dangote. Everyone wants him gone but don't want to say it openly because they need to protect their business interests.

That's why when Buhari added him to his campaign he protested sharp sharp. No carry your bad luck finish me by association.

42 Likes 3 Shares

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by asiwajumi(m): 9:39pm On Jan 09
ok thank u.. next?
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by ainas247: 9:39pm On Jan 09
smiley
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by kolaxed98(m): 9:39pm On Jan 09
Chizuru01:
Dangote never made money through oil blocks. I respect him for that.


Go and read about dangote group and u will know he is into oil and gas.

Moreover, u can't tell me that dangote is not the one being enriched most in Nigeria.
With no corruption case against him even u and both know its all lie.

25 Likes

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Davidfash10000: 9:39pm On Jan 09
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Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Joromi12: 9:40pm On Jan 09
Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

do u know what proxy means

16 Likes

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by manitoba(m): 9:40pm On Jan 09
All this money you are Sharing. Diaris god o
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by kolaxed98(m): 9:41pm On Jan 09
Adenuga coming for the richest position!!!

34 Likes 2 Shares

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by TroubleMaker47(m): 9:41pm On Jan 09
This adenuga guy sef!
Wat of Ote$?
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by olaolaking(m): 9:41pm On Jan 09
kolaxed98:


Go and read about dangote group and u will know he is into oil and gas.

Moreover, u can't tell me that dangote is not the one being enriched most in Nigeria.
With no corruption case against him even u and both know its all lie.

come with proof
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Dotng: 9:41pm On Jan 09
Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

You guys that have no clue on how the rich make their money are talking about respect. Do they care about what you think?

29 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by nabegibeg: 9:41pm On Jan 09

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by davodyguy: 9:42pm On Jan 09
The United States (U.S.) magazine said Adenuga’s net worth increased tremendously from $5.3 billion to $9.2 billion because he provided more detailed information about his assets.
This part of the post says it all.

They're merely estimates or what the guy tells them to write about him

16 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by DREAMZZZ(m): 9:43pm On Jan 09
Is this from forbes I dont believe
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Aderewah: 9:43pm On Jan 09
Where's davido's father now?? cry

People be using the word billionaire anyhow in this country. Shebi you hear now. There are only four billionaires in the country. I don't think davido's father is worth more than $200m

3 Likes

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Ugosample(m): 9:43pm On Jan 09
Chizuru01:
Dangote never made money through oil blocks. I respect him for that.


I respect him for that too
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by davodyguy: 9:43pm On Jan 09
manitoba:
All this money you are Sharing. Diaris god o
Who told you that it means they're that liquid? It's a combination of fixed, movable and current assets, not only cash in hand or in bank.

If I have 10 cars with each valued at ₦10million
And I ha e only ₦3milion cash in bank.

My total assets would be ₦103 million

12 Likes

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by obembet(f): 9:43pm On Jan 09
Adenuga is the man I respect so much, he doesn't make noise and he has help many Nigerian especially celebrities. I wish E money, Dino and Huspuppi can learn from him. Though when the south of your money is clean, u go dey sing Ebenezer obey song, jeje laiye

17 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by BlacSmit: 9:44pm On Jan 09
Buhari has wrecked all Nigerians and the little drip of dangote bothers Forbes?

1 Like

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by CodeTemplar: 9:44pm On Jan 09
Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

Cameroonian immigrant spotted.

4 Likes 1 Share

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by TechCapon(m): 9:44pm On Jan 09
grin

1 Like

Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by kolaxed98(m): 9:45pm On Jan 09
olaolaking:
come with proof

Also do u know the meaning of proxy?

If u do,then no explanation needed
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by Ugosample(m): 9:45pm On Jan 09
Yankee101:
Adenuga is one of those guys to call and get angry because they say he is not as rich as he should be. Some people are rich but because they suffered too much while growing up the mentality of poverty never left them. Enter Adenuga.

Buhari happened to Dangote. Everyone wants him gone but don't want to say it openly because they need to protect their business interests.

That's why when Buhari added him to his campaign he protested sharp sharp. No carry your bad luck finish me be association.

interesting
Re: Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b by SocialJustice: 9:45pm On Jan 09
davodyguy:

This part of the post says it all.

They're merely estimates or what the guy tells them to write about him
You don't just tell, you grant access to documents backing your assets. They've always complained about Adenuga being elusive.

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