Dangote Remains Africa’s Richest Man – Forbes

The president of Dangote Group, Aliko Dangote remains Africa’s richest man and the 51st richest man in the world, according to Forbes 2016 Billionaires list released on Tuesday.

Dangote’s net worth rose to $15.4bn from $14.7bn in 2015, when he was ranked 67th in the world.

The list, which contains 1,810 billionaires, also featured four other Nigerians; Chairman of Globacom, Dr. Mike Adenuga, whose net worth was put at $10bn, was ranked 103rd on the global list; while Chairman of Forte Oil, Mr. Femi Otedola, with a net worth of $1.8bn, was ranked 1,011th.

Famfa Oil Limited, Mrs. Folorunsho Alakija, estimated to be worth $1.6bn, came in the 1,121st position, while Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu, was ranked the 1,577th billionaire in the world, with a net worth of $1.1bn.

While, Dangote, Adenuga, Otedola and Rabiu moved up on the 2016 list, Alakija dropped to 1,121st position from 949th last year.

Despite global economic crisis, the billionaires were able to increased their combined net fortunes by $7bn (N1.4tn) to $29.9 bn this year, up from $22.9bn last year.