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Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List - Business - Nairaland

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Dangote Tops Forbes’ 23 African Billionaires List For The 7th Time / Jeff Bezos Overtakes Bill Gates To Become World's Richest Man / Forbes- Top 10 Richest Men In Nigeria 2017 (2) (3) (4)

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Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by stephanie11: 9:39pm On Feb 12
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 USD7.7billion whilst Abdul Samad Rabiu of BUA Group was 3rd in Nigeria and 8th in Africa with a fortune of USD3.13bn - 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 USD1bn 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 were 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 withhis 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 $1.1billion and Folorunso Alakija $1billion.
https://politicsnigeria.com/forbes-2020-worlds-richest-rankings-only-4-nigerians-make-exclusive-billionaires-list/

32 Likes 8 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by NaijaMutant(f): 10:03pm On Feb 12
I dedicate this space to all those who died due to poverty.


Especially to those from the poverty capital of the world.


You died in the midst of plenty.


We shall all wake up to the land of equity, where there is neither rich nor poor undecided

639 Likes 44 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by fuckfuckman(m): 10:03pm On Feb 12
G

6 Likes 2 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by nabegibeg: 10:03pm On Feb 12
stephanie11:
https://politicsnigeria.com/forbes-2020-worlds-richest-rankings-only-4-nigerians-make-exclusive-billionaires-list/

E money and co including ned nwoko are audio money


Money that has no source and illegitimate can never make this list


grin

304 Likes 15 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by chibu4u2(m): 10:03pm On Feb 12
nabegibeg:


E money and co including ned nwoko are audio money


Money that has no source and illegitimate can never make this list


grin

Not necessarily.......money pass money

220 Likes 6 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by cRobo: 10:03pm On Feb 12
Where is my name

18 Likes 1 Share

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by fuckfuckman(m): 10:03pm On Feb 12
F

3 Likes 1 Share

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Onyekachi419(f): 10:03pm On Feb 12
Abeg My name they there shocked

omobacyprus:
Nobody in your state name reach there gan
Sorry I don't do state.

20 Likes 2 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by vastolord4(m): 10:04pm On Feb 12
Naija no dey carry last.. most are northerners I guess..

14 Likes 5 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by NwaAmaikpe: 10:04pm On Feb 12
shocked




I'd always question the accuracy of a Forbes list till I see Arthur Eze's or Captain Hosa name on one.

With that said,

This is a purely doctored fvckery.

93 Likes 6 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by omobacyprus(m): 10:04pm On Feb 12
Business Moguls. These ones are richer than Presidents

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Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by INTEGRITYA1(m): 10:04pm On Feb 12
Gbogbo owo all the monies.
Dangote o lori meji
Adenuga o lori meji
Alakija o lori meji.

God pick my calls; as I dey hustle legitimately.

Na beg I dey beg o.

40 Likes 3 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Trutherme: 10:04pm On Feb 12
Ok

1 Like

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Heavenschild: 10:04pm On Feb 12
B.boy: Dangote ! Dangote!! Dangote !!! Still dey find money o..

Me: Finding money for what again?

20 Likes 1 Share

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Mokason28: 10:04pm On Feb 12
Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by phil5(m): 10:04pm On Feb 12
and every other is from US
even as dangote never complete that refinery and fertilizer plant no body fit overtake. after the completion when oil money start pouring in, the rest will be read in history books.

85 Likes 4 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by revived(m): 10:04pm On Feb 12
We Are Coming


Link Speaks Much

1 Like

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by omobacyprus(m): 10:05pm On Feb 12
Onyekachi419:
Abeg My name they there shocked
Nobody in your state name reach there gan

106 Likes 3 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by DrChukki: 10:05pm On Feb 12
In the next 4 years, a Nairalander will be on that list...

If that's you say Amen

292 Likes 15 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by earthgirl: 10:05pm On Feb 12
Where's David Adeleke?

12 Likes 1 Share

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by momodub: 10:05pm On Feb 12
Where husppupi

10 Likes

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by sonnie10: 10:05pm On Feb 12
No Igbo?

47 Likes 4 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Sammy07: 10:05pm On Feb 12
..
Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by libertyfather(m): 10:05pm On Feb 12
What of Otedola?

29 Likes 3 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by aminusodiq(m): 10:05pm On Feb 12
God when

1 Like

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Renforce: 10:05pm On Feb 12
Only 4 Nigerians angry
Please...! All our senators should be on that list shocked


Call for our 250,000mAH lithium-ion solar powerbank that could power your TV, laptop, and up to 4 lighting points for up to 10 hours daily

7 Likes

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by olaboy33(m): 10:06pm On Feb 12
Baba God, Wetin dey billionate?..

Show us the way



By the way,

Dangote allowed his nothern brother to share and enjoy from his cement monopoly and his wealth skyrocketed.

Where is otedola?., blood is thicker than water.

17 Likes 2 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Bolustical: 10:06pm On Feb 12
So no IPOB members grin

I mean Nnewi billionaires.

Why didn't Forbes include developers?

This list is canceled.

99 Likes 9 Shares

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Bolustical: 10:06pm On Feb 12
Hjnn
Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by kelvinhilton(m): 10:06pm On Feb 12
What a bogus list...
My name isn't there??

2 Likes

Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by Nickymichy(m): 10:06pm On Feb 12
Men
Re: Forbes 2020 World's Richest: Only 4 Nigerians Make Exclusive Billionaires List by BarakOkenny(m): 10:06pm On Feb 12
Where is Shatta Bandle?. grin

50 Likes 3 Shares

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