Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga, all Nigerian businessmen and entrepreneurs, have been named to Forbes Africa’s Billionaires list for 2023.
“Net worths were calculated using stock prices and currency exchange rates from the close of business on Friday, January 13, 2023,” Forbes says of the report’s methodology. To value privately held businesses, we begin with revenue or profit estimates and then apply the current price-to-sale or price-to-earnings ratios for comparable public companies. Within weeks or days of our measurement date, some list members become richer or poorer.”
Aliko Dangote, a Nigerian business magnate, is once again the richest person in Africa. He is the 138th richest person in the world. Dangote Cement, Africa’s largest cement producer, was founded and is led by him. Dangote Cement has a capacity of 48.6 million metric tons per year and operations in ten African countries. His current net worth is $13.4 billion.
Abdulsamad Rabiu, a Nigerian billionaire businessman and philanthropist, is Africa’s fourth richest man and the world’s 338th richest person. He founded BUA Group in 1988 and currently serves as its chairman of the board and CEO. The BUA Group is a Nigerian conglomerate involved in cement manufacturing, sugar refining, and real estate development. His current net worth is $7 billion.
Mike Adenuga is the sixth richest person in Africa and the 412th richest person in the world. His net worth is currently $6.2 billion. Adenuga’s main businesses are telecommunications and oil production. Conoil Producing, his oil exploration company, operates six oil blocks in the Niger Delta.
See this link for the full list.
