Cover Stories, News

Dangote records $2.6 billion extra fortune in one week

-Adenuga makes additional $400 million


The top two richest Africans recorded big gains in the last one week, and both of them, Alhaji Aliko Dangote and Dr. Michael Adenuga, Jnr., made extra $3 billion!

But the same cannot be said for Forte Oil’s Femi Otedola who lost $300 million.

The king of cement, sugar, salt, oil and more, 58 year old Dangote moved from $14.4 billion on Monday, February 29 to $17 billion on Monday, March 7, 2016 – a gain of $2.6 billion.

The pride of the continent who was 59 on the Forbes rich list last week jumped to number 48.

62 year old Dr. Adenuga also recorded remarkable growth in his net worth, as he gained extra $400 million (from $9.9 billion to $10.3 billion).

Chairman of Globacom and Conoil moved from number 113 t0 109 in one week on Forbes rich list of world’s billionaires.

But stylish oil tycoon, Femi Otedola, 52, lost $30 million in one week (from $1.9 billion to $1.6 billion), and dropped on the list to 1,223 from 972.

Mrs. Folorunsho Alakija gained $100 million (from $1.5 billion to $1.6 billion). But the 65 year old gorgeous dame and co-owner of oil wells, dropped from 1,152 to 1,252.

Alhaji Abdulsamad Rabiu, 55, stayed put with his $1.1 billion net worth. The BUA Group chairman dropped to 1,675 from 1,503.

The total net worth of Nigeria’s top five billionaires jumped from $28.8 billion last week to $31.6 billion (a difference of $2.8 billion).




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