- Aliko Dangote tops the list of Forbes Africa’s Billionaires list for 2020.
- Dangote is among the four wealthiest Nigerians on the 2020 list.
- Mike Adenuga follows Africa’s richest man Aliko Dangote.
- Alakija retained her position as one of the richest black women in the world
Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija making the highly coveted list. Amongst the four, Aliko Dangote, President of Dangote Group retained his spot as the World’s richest black person with a fortune of $10.1 billion. Mike Adenuga, Chairman of Globacom came in as second in Nigeria and third in Africa with a fortune of $7.7 billion whilst Abdul Samad Rabiu of BUA Group was 3rd in Nigeria and 8th in Africa with a fortune of $3.13 billion – moving up 8 places from last year’s ranking. Folorunsho Alakija of Famfa Oil completes the list of Forbes billionaires from Nigeria with a fortune of $1 billion dollars coming in at number 20 in Africa.
On the 2020 list, Egypt and South Africa tied with five billionaires each, Morocco has two, while Zimbabwe and Tanzania have one billionaire each, among members of the 3-comma club in Africa.
According to the list, Africa’s 20 wealthiest people are richer in 2019 than 2018 with combined worth at $73.4 billion.
Mike Adenuga follows Africa’s richest man Aliko Dangote
Mike Adenuga maintains his position as the second richest man in Nigeria and third spot on the continent with a net worth of $7.7 billion. Adenuga has investments in telecommunications, oil, and real estate.
The businessman painted the streets of Lagos with his gold buildings – Mike Adenuga Towers.
1. Aliko Dangote
Nigerian-born billionaire, Aliko Dangote has interests in commodities in Nigeria and other African countries.
- Net worth: $10.1 billion as of 2020
- Age: 62
2. Mike Adenuga
Mike Adenuga, owner of Globalcom, Nigeria’s third-largest mobile phone network, and an oil exploration firm Conoil Producing firm.
- Net worth: $7.7 billion as of 2020
- Age: 66
3. Abdulsamad Rabiu
Rabiu is Nigerian manufacturing mogul. He is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
- Net worth: $3.1 billion as of 2020
- Age: 59
4. Folorunsho Alakija
Alakija is one of the richest black women in the world and the owner of Famfa Oil Limited, a Nigerian oil exploration company.
- Net worth: $1 billion as of 2020
- Age: 68.
The List of Richest Men in African is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. It tracks the wealth of African billionaires who reside in Africa or have their primary businesses/investments there.