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Dangote emerges World’s biggest loser on Forbes Rich list

– now worth $14.7 billion, settles at number 67

Africa’s richest man and its pride, Alhaji Aliko Dangote has been pronounced by Forbes as the world’s biggest loser as its new wealthiest list was released on Monday, March 2, 2015.

The 57 year-old Kano born mogul was placed in number 67 on the list with a net-worth of $14.7 billion. Last year, the soft-spoken President of Dangote Group was worth $25 billion, and sat proudly at number 23 on the coveted list.

Nigeria’s crumbling economy characterised by falling stocks, crashing naira against international currencies, exit of foreign investors, uncertainty over 2015 elections and rage of insurgents damaged some of the country’s previous gains with scores of our men of means losing heavily.

Dr. Mike Adenuga made the list again at $4.2 billion at number 393.

Folorunsho Alakija is at number 949 with $2 billion net worth. Samad Rabiu and Femi Otedola are at number 1,741 with $1 billion.

But across the world the rich are definitely getting richer…as more people join the Forbes rich list with a total of 1,826 billionaires parading over $7.05 trillion net worth (from last year’s $6.4 trillion) in its 29th annual ranking of the well-heeled and favoured.



Folorunsho Alakija

Folorunsho Alakija

Femi Otedola

Femi Otedola12



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