These Nigerians Made Forbes List Of Africa’s Richest Billionaires

March 2, 2016
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. [zkk_poll post=21633 poll=content_block_standard_format_7]
Avatar

Join The Conversation

Bring a friend.

You'll like this

Watch

Now on Zikoko

April 12, 2021

You’re having a normal conversation with an anime watcher and they suddenly break into Japanese because they think everyone around them understands. We’ve been there too, so we’ve decided to compile a list of the possible things they’ll say and their meanings. You’re welcome. 1. Nani Nani simply means “What”, but the way anime characters […]

April 12, 2021

As Told To Itohan For a while now, I had been asking people what the most interesting parts about their love life. So, when someone reached out to me and said she fell in love with her Uncle, I wondered if I was reading right. The person in today’s As Told To is *Anna, a […]

April 12, 2021

You probably think you transform to Beyoncé or Celine Dion when those earphones come in and you start singing those lyrics out from your heart, but we are sorry to break it to you that you mostly sound like a squeaking rat. Here is a list of songs you should not sing along to with […]

April 12, 2021

I am genuinely fascinated by relationship dynamics between Nigerians especially when it comes to giving gifts to their partners. So I set out to speak to as many Nigerian men who were willing to speak to me and asked them who the most generous partner they’ve ever had is. And the answers amazed me. Here […]

Recommended Quizzes

November 30, 2019

With No Nut November FINALLY coming to an end, we’ve decided to mark the torturous month with some more horny content. After quizzes that guessed how many people you’ve slept with, how good you are in bed and who you’ll sleep with next, this one will guess when next you’ll get lucky. Take it to […]

October 30, 2019

2010 was a game-changing one for Nollywood, with our movies making serious cash and getting international acclaim. So, which of these hits released between 2010 and 2019 — from the pace-setting The Wedding Party to the divisive Trip To Jamaica — best suits your personality? Well, that’s what this quiz is here to answer:

how tall are you
March 11, 2020

Did your parents give you enough beans when you were growing up? If they did, then you’re probably around 6’0″ and above. Either way, we created a quiz that can guess your current height (pretty accurately, if we do say so ourselves). Take to see if we nailed it:

April 9, 2020

At some point in life, we all learnt that someone can be very intelligent and still lack common sense. That’s the difference between being book smart and being street smart. If you’re not sure where on the spectrum you fall, well, that’s what this quiz is here to tell you. Take it:

What are you like in a relationship?
February 7, 2020

Your taste in music can say a lot about you, and this time, it’s going to reveal what you are like in a relationship. So, pick a few of your favourite Nigerian love songs, and we’ll let you know if you’re typically a distant, passionate or unbothered partner. Here you go:

More from Gist

August 11, 2020

Remember the Nigerian boy who was seen doing ballet pirouettes barefoot and in the rain, in that viral video? Well, he’s been offered a scholarship by the prestigious American Ballet Theater. With the help of American actresses Viola Davis and Cynthia Erivo, the video garnered 15 million views, ultimately leading to Anthony Madu being offered […]

December 19, 2019

Nigeria is a shitty place for those who live here, many seek an escape route. But, amid the insecurities, bad economy, and the uncaring government, some things happened this year that make us feel thankful. Yeah, we know, hard to believe right? Yet we need to end the year on a positive note, so here are some […]

November 18, 2019

Nigerians are yet to come to terms with the fact that cats can be pets but now have to deal with the fact that someone thinks a lion is tame enough to have as a security guard. Reports now confirm that a two-year-old lion was discovered in a residential building in the Victoria Island area […]

November 4, 2019

The 8th edition of the popular beach soccer tournament, Copa Lagos held throughout the weekend at Eko Atlantic, VI. It had us loving the opportunity to immerse ourselves in enjoyment. You should know by now that we can’t pass up a chance to get the ultimate weekend experience. And you know the fun part? We […]

October 21, 2019

In case you went under the rock this weekend then you MISSED. There was a lot of excitement for our Nigerian superstar musicians and the spotlight was on them, big time. From the much anticipated Headies award, to the birth of Davido’s son, Naira Marley’s legwork and his subtle shade at the organizers of the […]

October 15, 2019

Leather, as I have always known it to be, is a flexible material gotten from tanning animal skin. It is used to make most fashion items (shoes, clothes, bags, wristwatches), furniture, book covers and more. Cattle hide and reptile skin are the most popular skins used for leather but now there is a new kid […]

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X