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Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List - Business - Nairaland

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Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by WriterNig: 8:41am On Apr 08

Nigeria now has only three billionaires on 2021 Forbes list of world billionaires, with the dropping off of Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija.

This is the second time in a row she is dropping off the list.

Released on Tuesday, the new list has Aliko Dangote, chairman of Dangote group; Mike Adenuga, chairman of Globacom; and Abulsamad Rabiu, chairman of BUA group.

In 2019, Alakija made the Forbes list of world billionaires and was ranked 1941 in a list of 2,153 billionaires; with a net worth of $1.1 billion. The oil tycoon dropped off the global billionaires’ list in 2020, although she still emerged as 20th richest African billionaire in 2020.

Forbes said Alakija’s fortune dropped below $1 billion due to lower oil prices because she is mainly into oil exploration.

Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.

He owns 85% of publicly-traded Dangote Cement through a holding company, and has shares in publicly-traded salt and sugar manufacturing companies.

Adenuga, Nigeria’s second richest man, was ranked 440th richest in the world with a net worth of $6.1 billion, up from $5.6bn in 2020.

Rabiu emerged as 574th richest person in the world with an estimated fortune of $4.9 billion. He also maintains the position of sixth wealthiest person in Africa.

Despite the worldwide economic impact of the coronavirus outbreak, Forbes said an additional 660 individuals were added to its 2021 billionaires list.

“It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices,” Forbes said.

“The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755, 660 more than a year ago.

“Of those, a record high 493 were new to the list–roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back. A staggering 86% are richer than a year ago.”

Jeff Bezos, CEO of Amazon, remains the world’s richest man for the fourth straight year with an estimated worth of $177 billion, followed by Elon Musk, CEO of Tesla in second place with $151 billion.

Altogether, the 2,755 billionaires on Forbes list are worth $13.1 trillion, up from $8 trillion in 2020.

The United States of America has the highest number of 724 billionaires, followed by China (including Hong Kong and Macao) with 698.

Forbes said it used stock prices and exchange rates from March 5 to calculate net worth.

Vanguard

6 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by WriterNig: 8:41am On Apr 08
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Rebuke: 8:54am On Apr 08
Billionaires too dey crash under this government.

47 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Freestainworld(m): 8:58am On Apr 08
The woman don too enjoy life

3 Likes

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Shollay20(m): 8:59am On Apr 08
Money good..

1 Like

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Hintona(f): 9:00am On Apr 08
Tech is the future.

All these people depending on oil as the main source of their wealth will surely be disappointed.

80 Likes 3 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Heroclitus(m): 9:16am On Apr 08
I'm struggling to wrap my head around how possible it is for a person to be this wealthy

Do they still think like normal humans?

29 Likes 2 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by WriterNig: 9:19am On Apr 08
Hintona:
Tech is the future.

All these people depending on oil as the main source of their wealth will surely be disappointed.

Absolutely! Tech is the future.....

Lalasticlala

19 Likes

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Heroclitus(m): 9:20am On Apr 08
Where otedola, Elumelu, Arthur Eze, Emeka ofor, Razak okoya abi dem no be billionaires in dollars?

28 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by INTEGRITYA1(m): 11:15am On Apr 08
I could remember the day I met her life and direct during one of the programs she organized through her foundation at Yaba College of Technology; where she brought different speakers to speak to and to encourage young entrepreneurs. Rolls of Sharon foundation or so, all through the program, I was like this is the Africa Richest woman I've been hearing about. At least she done try and still making waves.

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3 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by EmekaBlue(m): 11:16am On Apr 08
Other industries don overtake her oil business

2 Likes 2 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Warldbest(m): 11:16am On Apr 08
The future is........ tongue
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by ictjobber: 11:16am On Apr 08
Tey tey na... She's not even among the richest in a Africa anymore

Richest People in Africa 2021
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Wonk(m): 11:16am On Apr 08
Bullshit!
It ain't no news to real nigga like me! You can't stay at the frikkin' top forever!

5 Likes

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Childofaking: 11:17am On Apr 08
You said Forbes Drops her as if it is Forbes that made her Millionaire or billionaire.
Forbes is just a Magazine compiling a list of people and the amount of money they have, that's all.

42 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by hilltop007: 11:17am On Apr 08
Yyy
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Profayo: 11:17am On Apr 08
Everybody is becoming poorer in Nigeria, both the rich and the poor are becoming poorer unlike on those days when the rich are becoming richer

6 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Millimann: 11:18am On Apr 08
WriterNig:

Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.

He owns 85% of publicly-traded Dangote Cement through a holding company, and has shares in publicly-traded salt and sugar manufacturing companies.

So, even in spite of the exploitation of Nigerians, Dangote could only manage the 191st position.

27 Likes 2 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by wink2015: 11:18am On Apr 08
NOTHING LAST FOREVER !

Niger delta people especially the ijaws are insinuating that the likes of Alakija and Femi Otedola are using Niger delta crude oil to give themselves underserving status.

3 Likes 1 Share

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by shegzhkn: 11:18am On Apr 08
oops
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by LLSAINT(m): 11:18am On Apr 08
Since she is now more on the Altar.....what do you expect when the 'darkmen' run thingz

3 Likes 2 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by lkillbrokehoes: 11:19am On Apr 08
Hintona:
Tech is the future.

All these people depending on oil as the main source of their wealth will surely be disappointed.
Tech is the future!

6 Likes 2 Shares

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by BlessedNuel: 11:19am On Apr 08
This life no just balance sha

2 Likes

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Ekg911(m): 11:20am On Apr 08
Abeg. Who have seen Swalomirr, recently should tell him to fulfil his promise of helping me get a wechat account. He said an hour! If you have seen this text

1 Like

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by MozB: 11:20am On Apr 08
If Nigeria's economy continues like this, all our billionaires will be thrown out of that list.
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by qualityovenbake(m): 11:20am On Apr 08
Dj Cuppy daddy isn't on the list.
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by PoliteActivist: 11:20am On Apr 08
So? How about Otedola that has never made the list nko?
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Gamer999: 11:20am On Apr 08
H
Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by pretydiva(f): 11:20am On Apr 08
Eya. The economy is biting too hard. At least she has made a for herself

1 Like

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by ClassicMan202(m): 11:21am On Apr 08
Buhari......

1 Like

Re: Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List by Xoxyl(m): 11:21am On Apr 08
Tech is the future. USA and China carry most of the billionaires.

If Nigeria were to be one of these countries, I believe we will have many billionaires in dollars.

Nigeria is full of minds with potentials.

14 Likes 1 Share

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