Aliko Dangote slips in Forbes billionaire ranking

Aliko Dangote slips in Forbes billionaire ranking

Wednesday, October 8, 2014 7:42 am

Aliko Dangote: still Africa's richest man

Aliko Dangote: still Africa’s richest man

Aliko Dangote, chairman of Dangote Group has slipped down to 26th position from the 23rd position he occupied since March this year in the latest Forbes Magazine world billionaires ranking released Tuesday.

The Chief Executive Officer of Dangote Group’s real time net worth also reduced to $23.7bn from $25bn, Forbes said. Nigeria’s cement mogul however remains Africa’s richest man.

Mike Adenuga, receiving a GCON award from President Jonathan

Mike Adenuga, receiving a GCON award from President Jonathan

Other Nigerians on the billionaires list are Globacom’s Mike Adenuga, ranked 310th with a net worth of $4.8billion.

BUA Group’s Abdulsamad Rabiu and Fashion billionaire Folorunsho Alakija, with assets valued at $2.5 billion. She is ranked 715th in the world.

The world’s richest man is still the Mexican telecom giant, Carlos Slim Helu. His wealth is estimated at $82billion, followed by Bill Gates at $80 billion. Warren Buffet comes third with $67billion.

Join The Conversation


  • Eritrea says:

    This is just minor set back for a major comeback for 2016-2017 when 5 more cements plants come to operation and his oil refinery in Nigeria is open. Oh and his company planning to get listed on the London Stock Exchange in 2017 which should bring new cash for fresh investments. I expect Mr. Dangote fortune to take a quantum leap to $50-53Billion by 2017. Easy money. Walk on a park for Dangote. By 2020 he should rest assured top 5 wealthiest man on earth.

    Nothing Is Impossible

  • abankula says:

    Where are General TY Danjuma, Olusegun Obasanjo, Atiku Abubakar in this ranking? I do not think Forbes deserves to be taken serious.

  • What do you think?

    This site uses Akismet to reduce spam. Learn how your comment data is processed.