Forbes Ranks Aliko Dangote 51st Richest Man In The World


According to Forbes 2016 World’s Billionaires’ list which was released on Tuesday, Nigerian business magnate, Alhaji Aliko Dangote emerged as the 51st richest man in the world and still retained his position as the richest man in Africa. His wealth was valued at $15.4 billion.

Mike Adenuga was also ranked 103 richest person in the world with total wealth of $10 billion. Other Nigerians who made it in the list includes Femi Otedola, whose wealth was valued at $1.8 billion and ranked 1011 as well as Folorunso Alakija who was placed 1121 on the list with her wealth put at $1.6 billion and Abdulsamad Rabiu at 1577 with wealth valued at $1.1 billion.

Also See: Richest Black Billionares In The World Right Now

Bill Gates topped the list of the world’s richest billionaires for the 17th time in 22 years. Though the 60-year-old Microsoft head is $4.2 billion poorer than 2015, his net worth of $75 billion put him in the top spot of the Forbes’ World Billionaires list for the third year in a row, after dethroning  Mexico’s Carlos Slim Helu in 2014. Helu came in fourth in Forbes’ 2016 list of 1,810 billionaires, behind Gates, Zara’s Amancio Ortega and business mogul, Warren Buffett, respectively.

Others at the top 10 include Amazon’s Jeff Bezos at fifth on the list, Mark Zuckerberg of Facebook at sixth, Oracle’s Larry Ellison at seventh, Michael Bloomberg at eighth, and tied for ninth are David and Charles Koch.

Mark Zuckerberg had the best year of all billionaires. The 31-year old added $11.2 billion to his fortune and moved up to No. 6 from 16. He and Amazon’s Jeff Bezos both make their first appearance in the top ten of FORBES’ annual ranking of the world’s wealthiest. Another first is a billionaire from China’s mainland, Wang Jianlin, whose company owns AMC Theaters and soon will own Legendary Pictures, and who has climbed into the top 20.

Also See: 10 Captivating Facts You Didn’t Know About Aliko Dangote

19-year-old Norwegain heiress, Alexandra Andresen, who has a 42 per cent stake in her family’s business which made its fortune through tobacco was ranked the youngest billionaire in the world with her sister Katharina  who is just 20, ranked second youngest.

In 1849 Alexandra’s great, great, great grandfather founded what was to become Norway’s leading cigarette producer but in 2005, the family sold the company for ethical reasons, netting $500 million.

Click here to view full list of Forbes latest ranking.