In these hard and difficult economic times, there are people that are thriving. Being a millionaire isn’t the in thing any longer. The value of the naira has depreciated too much for it to matter. You have to be a billionaire and in dollars for everyone to know that you have arrived.
Forbes has compiled a list of the richest Africans and as usual, there are Nigerians repping us! These are the Nigerians on the list:
1. Aliko Dangote
Coming in first on the list is Aliko Dangote. Is anybody surprised? I mean seriously. I’m sure some of us are like “Can somebody please take over from this man?” But he’s a hustler and it’s paying off. He’s the founder of Dangote Cement, which is Africa’s largest cement-production company. He’s worth $14.4 billion.
2. Mike Adenuga
Second on the list is Mike Adenuga. He’s now worth $10 billion, which is $6 billion more than he was worth last year. This increase in his fortune is attributed to the increase in value of his telecom, oil and real estate holdings.
3. Femi Otedola
He’s number fourteen on the list. Otedola is the controlling shareholder of Forte Oil, an oil marketing and power generation company. He’s worth $1.85 billion.
4. Folorunsho Alakija
She’s the sixteenth on the list. She’s the vice chair of Famfa Oil, an oil exploration company that has a 60% participating interest in block OML 127, one of Nigeria’s largest deepwater discoveries. She’s the only female Nigerian billionaire and one of Africa’s richest female billionaires. She’s worth $1.55 billion.
5. Abdulsamad Rabiu
Coming in at number twenty-two is Abdulsamad Rabiu. He is the founder of BUA Group which includes: sugar refining, cement production, real estate, logistics and port operations. He’s worth $1.1 billion.