Aliko Dangote, Mike Adenuga and Abdulsamad Rabiu Top Forbes Africa’s Billionaires List

Nigerian businessmen and entrepreneurial moguls Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga made the list of Forbes Africa’s Billionaires for 2023.Information Guide Nigeria

Forbes reports that “Net worths were calculated using stock prices and currency exchange rates from the close of business on Friday, January 13, 2023. To value privately held businesses, we start with estimates of revenues or profits and apply the prevailing price-to-sale or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks or days of our measurement date.”

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Nigerian business magnate Aliko Dangote is the world’s 138th richest person. He is the richest person in Africa again.

Dangote founded and chairs Dangote Cement, Africa’s largest cement producer. The company has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. His net worth is currently $13.4 billion.NYSC portal

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According to Forbes, Abdulsamad Rabiu, a Nigerian billionaire businessman and philanthropist, is the 4th richest man in Africa and the 338th richest person in the world. He is the founder of BUA Group in 1988 and serves as its chairman of the board and chief executive officer.

BUA Group is a Nigerian conglomerate active in cement production, sugar refining, and real estate. Abdulsamad Rabiu net worth is currently $7 billion.

On the other hand, Mike Adenuga is number 412 on the world’s list of billionaires and sits at number 6 in Africa. His current net worth is $6.2 billion. Adenuga is into telecommunications and oil production. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta.JAMB Result