Forbes releases comprehensive 2023 world billionaire rankings as three Nigerians – Dangote, Rabiu, Adenuga, make the list

Forbes has released its comprehensive list of the world’s billionaires for 2023. The list, which came out Tuesday, April 4th, with 2460 individual billionaires globally, has a couple of surprises. This is more so since the last year has been full of falling stocks, wounded unicorns and rising interest rates which translated into a down year for many of the world’s richest people. The 25 richest people in the world are worth a collective $2.1 trillion, down a combined $200 billion from $2.3 trillion in 2022.

Luxury goods tycoon Bernard Arnault‘s net worth surged by $53 billion to $211billion dollars since last year, a bigger gain than anyone on the planet, to climb to the number one spot for the first time ever on the rise of share in his company, LVMH. The former world’s richest man, Elon Musk, slipped to second position after his worth was reduced by $ 39 billion due to his purchase of the social messaging g app, Twitter.

One of the surprises however is the rise of BUA Group chairman Abdul Samad Rabiu. From 7.6Billion Dollars a few months ago, the Billionaire businessman and philanthropist’s rating on the Forbes billionaires list has again shot up towering many to become the 249th richest person in the world and closing in on overtaking the third richest man in Africa, Nicky Oppenheimer who stands at 8.4billion Dollars. Rabiu’s latest worth is put at 8.2 billion dollars. From 1.6 billion Dollars in 2019, Forbes recorded that by 2022 his net worth was at 6.9 billion dollars and from there has jumped to 8.2 billion Dollars in April 2023.

62-year-old Abdul Samad Rabiu is essentially into cement and sugar as well as real estate and is building sub-saharan Africa’s second-largest refinery and petrochemicals plant in Akwa Ibom, Nigeria.

Meanwhile, Aliko Dangote has retained his position as the wealthiest person of African descent in the world. After climbing to 14 billion Dollars in 2022, his wealth is estimated to be around 14.2 billion Dollars as per the reports released on Tuesday, April 4, 2023.

He is presently the 125th richest man in the world and he is easily the largest cement producer in Africa. He also has his hands in other businesses including pastries, sugar and other areas of manufacturing.

For Mike Adenuga, the third Nigerian on the African billionaire’s list, the business has not been cosy. He dropped from 7.3 billion Dollars in 2022 to 6.1 billion dollars. The last couple of years has seen him move up and down the wealthiest’ scale. He’s now the 418th richest in the world at 58.

These are the only three Nigerians that made the list.

One other surprise name on the list however is 90-yr old Nathan Kirsh from the tiny African Country of Swaziland. He is said to be worth 6.5 billion dollars, thus becoming the 6th ranked African billionaire, now above Mike Adenuga. He is believed to be into real estate retail and fashion.

It was the first time he would be featured as an African billionaire.

Methodology: According to Forbes, their ‘World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 10, 2023. Some people become richer or poorer within days of publication. We list individuals rather than multigenerational families who share fortunes, though we include wealth belonging to a billionaire’s spouse and children if that person is the founder of the fortune’.

‘For non-founders, we previously listed couples and family members together in certain cases; this year, we separated these shared fortunes into individual list members, marked “split family fortune.” For Russian billionaires, fortunes were calculated using ownership structures from February 2022, prior to Russia’s invasion of Ukraine and before many made transfers of assets to managers, friends and others in an effort to protect their holdings from sanctions’.

‘We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes.

https://nairametrics.com/2023/04/07/forbes-releases-comprehensive-2023-world-billionaire-rankings-as-three-nigerians-dangote-rabiu-adenuga-make-the-list/

Just read and pass obidients, ur.chins and their lords are not on this list why?

It seems kano boys will dominate the business and political scene of Nigeria for the next 50 years

Good one

They’re far more richer Nigerians but due to ill gotten wealth could not made the list.

The owners of Lagos didnt make it

SadiqBabaSani:
Just read and pass obidients, ur.chins and their lords are not on this list why?

The made men and women.

Not working towards the list though but just want to be rich to my own contentment

I no see any Chinedu, Emeka, Okafor or Ndubisi for this list. All those ones na audio millioniares

mortalincarnate:
They’re far more richer Nigerians but due to ill gotten wealth could not made the list.

Yes o,they're not doing anything with the money because of fear of the 'unknown'.

Godons1:
I no see any Chinedu, Emeka, Okafor or Ndubisi for this list. All those ones na audio millioniares

Is this necessary?

Even Buhari that is about leaving the presidency is supposed to be on that list but because he can't justify his billions, his name isn't mentioned. Same with obj, iBB, Gej, Abdulsalami Abubakar and many others, 🙄

Our industrious brothers and developers are not on the list..

This list must be one of those lists compiled at one remote amala joint along lagos - Ibadan express way published through the Nation's newspaper and broadcast by TVC news media.

This is obviously not from Forbes

My name is not there, so the list is incomplete

Volksfuhrer:


Is this necessary?

Yes. Na them sabi Chest beat everywhere. They call themselves the developers.

My name is not there ...


How dare they?

kettykin:
It seems kano boys will dominate the business and political scene of Nigeria for the next 50 years

dey play

Warl0ck:
but i didnt see ur disfigured father there

How do you know my Father is not amongst the 2 Richest men from this Country, who are from the North.

Godons1:


How do you know my Father is not amongst the 2 Richest men from this Country, who are from the North.

ur people made the list of the most disfigured animals in the planet

Developers and audio billionaires missing in action.

Warl0ck:
ur people made the list of the most disfigured animals in the planet

You are reffering to Igbo people

So our noisy neighbours name couldn't make the list or is this still rigged

Ndi chestbeaters

Godons1:
I no see any Chinedu, Emeka, Okafor or Ndubisi for this list. All those ones na audio millioniares

The phobia in the veins of Afon.. in Lagos can testify of their economic prowess!!

Godons1:



You are reffering to Igbo people

u know those things were from comedy video skit but in reality, u know what i am saying

Liars, where are Anambra billionaires.
Where is E money 🤣
Where is Obi's classmate
Shey forbes dey whine Igbo ni haha

Some clowns are already shouting Igbo up and down.

Where is poverty headquarters in Nigeria? In the north.

It's Better to have 100 millionaires among 1,000 people than have 1 billionaire among 100,000 people.

Despite the setback suffered by southeast from the civil war. They still have a Great system Igbo Apprenticeship system (Igba Boyi) that has distributed wealth among the Igbo community.

F

The boastful people are missing on the list. Empty drums makes the loudest noise.

Let's imagine that Dangote was from the SE, oh boy, they will finish the rest of us with noise

Warl0ck:
u know those things were from comedy video skit but in reality, u know what i am saying

Thats how Igbo women look. I've been to the East multiply times.

oz4real83:
Even Buhari that is about leaving the presidency is supposed to be on that list but because he can't justify his billions, his name isn't mentioned. Same with obj, iBB, Gej, Abdulsalami Abubakar and many others, 🙄

Buhari the crook is definitely worth billions of dollars by now his wealth is stashed in niger and other arab countries.

Money must be made