Dangote, Adenuga top Forbes' Africa billionaires list

Top 21 richest men in Africa 2019- Forbes List lailasnews

Top 21 richest men in Africa 2019- Forbes List lailasnews

Aliko Dangote's net worth stands at $10.3 billion, dropping almost $2 billion in the last one year.

President, Dangote Group, Alhaji Aliko Dangote retained his Africa's richest man position for the eighth consecutive time though his wealth dipped by $2 billion from $12.2 billion in January 2018 to $10 billion this year, Forbes' Africa Billionaires List released yesterday showed.

In 2015, Dangote was reported to have a net worth of $25bn, but three years after, that lot has reduced by about $15bn. "All but four members on the list have smaller fortunes than a year ago".

The global magazine listed Mike Adenuga, Chairman/Chief Executive Officer of Globacom moved up to become the second richest man in Africa. Oppenheimer's grandfather found the diamond mining firm DeBeers in 1888. He is worth approximately $10.3 billion but lost a chunk of money - about $2 billion - when the stock price of Dangote Cement plummeted. He's richer due to a rise in the share price of Econet Wireless Zimbabwe and a new investment that boosted the value of his stake in fiber-optic and satellite-services firm Liquid Telecom.

Mrs. Alakija's ranking tied with South African banker, Michiel Le Roux.

Edulji Recommends Suspension for Pandya, Rahul After Legal Opinion
Hardik is presently in Australia along with the Indian cricket team where they have won a historic Test series against Australia. Rahul answered saying, "up to the woman" while an outspoken Hardik said: "Nahi nahi aisa kuch nahi hai, talent pe hota hai".

Forbes found one billionaire each in Algeria, Angola, Tanzania and Zimbabwe.

Alakija owns a stake in one of the most productive oil fields in Nigeria, now operated by Chevron.

Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria, during the African Fellowship Programe with Young Global Leaders announcement at the World Economic Forum on Africa 2011 held in Cape Town, South Africa, 4-6 May 2011.

Those who didn't make the billionaire cut this year include Aspen Pharmacare founder Stephen Saad, Assor Group's Desmond Sacco and Shoprite investor Christoffel Wiese.

The merger between Rabiu's Kalambaina Cement firm with Cement Company of Northern Nigeria, which he controlled, in December 2018 was formally consummated in Sokoto earlier this week. He now owns 97 per cent of the entity. Separately, Rabiu's OBU Cement recently expanded its operations, adding a new production line. (Unitel did not respond to a request for comment.) Nigeria's Alakija owns a stake in one of the most productive oil fields in Nigeria, now operated by Chevron. Her net worth dropped due a decline in the value of the oil field, in part because its production has leveled off.

Recommended News

  • Led coalition says Syria troop withdrawal has begun

    Led coalition says Syria troop withdrawal has begun

    Turkey views the Kurdish YPG militia, which forms the core of the SDF force, as a national security threat. The coalition "has begun the process of our deliberate withdrawal from Syria.
    City Works To Stem Worst Measles Outbreak In Recent History

    City Works To Stem Worst Measles Outbreak In Recent History

    Since September, the Empire State has recorded 167 cases of the measles, a highly infectious disease for which there is a widely available vaccine.
    Utah Jazz vs. L.A. Lakers - 1/11/19 NBA Pick, Odds, and Prediction

    Utah Jazz vs. L.A. Lakers - 1/11/19 NBA Pick, Odds, and Prediction

    Kuzma is averaging 18.8 points and 5.7 rebounds per game, while Brandon Ingram is averaging 16.3 points and 4.7 rebounds per game. The under has been a very popular trend not only when these teams meet, but in their games overall this season.
  • John Isner beaten by Taylor Fritz at ASB Classic

    John Isner beaten by Taylor Fritz at ASB Classic

    Top seed and two-time champion John Isner is out of the ASB Classic tennis tournament after his first match. Fritz again took the early advantage, gaining a mini break on the third point and serving for a 4-1 lead.
    Bernie Sanders apologises for campaign sexual harassment

    Bernie Sanders apologises for campaign sexual harassment

    They added: "To be clear: no one who committed sexual harassment in 2016 would be back if there were a 2020 campaign". Sanders had issued an apology and said he wasn't aware of the incidents at the time. "I apologize ", he said.
    NW teacher suspended over alleged racial separation in class

    NW teacher suspended over alleged racial separation in class

    Activists from the ruling African National Congress and left-wing Economic Freedom Fighters were among the chanting crowd. However at least one of the children's mothers, who does not wish to be identified, was furious with the connotations.
  • Ford Europe set to slash thousands of jobs

    Ford Europe set to slash thousands of jobs

    Ford lost $245 million in Europe in the third quarter as sales slumped in Turkey and Russian Federation . The companies have only confirmed a commercial vehicle venture together to date.
    Sri Lanka win toss, elect to bowl

    Sri Lanka win toss, elect to bowl

    New Zealand will have a chance to register win in all the three formats over Sri Lanka as the two teams play the one-off T20I. New Zealand have added spinner Mitchell Santner to their squad who is making a comeback after a knee injury.
    James, Antetokounmpo lead NBA All-Star fan voting

    James, Antetokounmpo lead NBA All-Star fan voting

    Unlike previous year , the All-Star draft WILL be televised this season although the draft date has not yet been announced. The latest round of All-Star voting returns are in and, at the very top of each conference, nothing has changed .
  • ExxonMobil, IBM Partner on Quantum Computing

    ExxonMobil, IBM Partner on Quantum Computing

    This design was specifically built to minimize interferences from ambient noises, temperature changes and electromagnetic waves. IBM has bet a lot on this futuristic technology and time and again shared its progress in the field of quantum computing.
    Sporting Lisbon interested in Liverpool youngster Rafael Camacho

    Sporting Lisbon interested in Liverpool youngster Rafael Camacho

    But the Clarets have instead slapped a £50million price-tag on the England worldwide , which would make a short-term deal hard .
    Atletico Madrid boss Simeone coy over move for Chelsea striker Morata

    Atletico Madrid boss Simeone coy over move for Chelsea striker Morata

    The Portugal global scored just two Serie A goals for Milan last season before being shipped out on loan to Sevilla in the summer.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.