Forbes Rich List: Dangote Remains Top As Adenuga Becomes 2nd Africa Richest Man

Chairman and founder of Dangote Cement, Aliko Dangote has maintained his position as the richest man in Africa.

Aliko Dangote, a Cement, sugar and oil tycoon occupied the position for the 11th consecutive time, with a net worth of $14 billion from $12.1 billion last year and $10.1 billion in 2020.

In the latest Forbes 36th annual ranking of world billionaires, Mike Adenuga, chairman of Globacom, a telecommunication company in Nigeria, saw his wealth jump to $7.3 billion from $6.1 billion in 2021, making him the second richest African and 345 globally.

Recall that in 2021 the 68-year-old business tycoon’s fortune dropped from $7 billion in 2020 to $6.3 billion as the COVID-19 pandemic ravaged businesses worldwide.

The chairman of BUA Group, Abdulsamad Rabiu, also recorded an increase in his fortune with a net worth of $6.8 billion from $5.5 billion in 2021 and $3.1 billion in 2020.

However, Folorunso Alakija remained below $1 billion due to uncertainties in the global oil market.

According to the magazine, there are just 2,668 of the richest people on earth in 2022 fewer than in 2021.

Forbes reports that the 2668 have a collective wealth of $12.7 trillion – $400 billion less than in 2021.

The report said: “The most dramatic drops have occurred in Russia, where there are 34 fewer billionaires than last year following Vladimir Putin’s invasion of Ukraine, and China, where a government crackdown on tech companies has led to 87 fewer Chinese billionaires on the list.

“Still, Forbes found more than 1,000 billionaires who are richer than they were a year ago. And 236 newcomers have become billionaires over the past year — including the first ever from Barbados, Bulgaria, Estonia and Uruguay. America still leads the world, with 735 billionaires worth a collective $4.7 trillion, including Elon Musk, who tops the World’s Billionaires list for the first time.

“China (including Macau and Hong Kong) remains number two, with 607 billionaires worth a collective $2.3 trillion.”