in , ,

These 4 Nigerians Make 2019 World’s Black Billionaires List On Forbes

Globally celebrated business magazine, Forbes recently released its 2019 list of the world’s billionaires and we are glad to announce that four Nigerians are among eleven black people who clinched top spots on the list.

The listed Nigerian billionaires are Aliko Dangote, Mike Adenuga , Abdulsamad Rabiu, and Folorunso Alakija.

Alakija Folorunso Alakija with an estimated fortune of $1.1 billion is Nigeria’s first female billionaire and the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127, a lucrative oil bloc on the Agbami deep-water oilfield in Nigeria. She started off as a secretary in a Nigerian merchant bank in the 1970s, then quit her job to study fashion design in England. Upon her return, she founded a Nigerian fashion label that catered for upscale clientele, including Maryam Babangida, wife to Nigeria’s former military president Ibrahim Babangida.

Dangote retains his title as the world’s richest black man this year with an estimated fortune of $10.9 billion. He started out in business more than three decades ago by trading in commodities like cement, flour and sugar with a loan he received from his maternal uncle and went on to build the Dangote Group, the largest industrial conglomerate in West Africa. He is also set to launch a private oil refinery in Nigeria which will have a refining capacity of 6500,000 barrels a day and is expected to reduce the country’s dependence on oil imports.

Mike Adenuga follows closely as the world’s second richest black person with an estimated fortune of $9.1 billion. He built his fortune in oil and mobile telecoms. His Conoil producing company was one of the first indigenous Nigerian companies to be granted an oil exploration license in the early 90s. He is also the sole owner of Globacom, a Nigerian mobile phone network with more than 40 million subscribers in Nigeria and neighboring African countries

Abdulsamad Rabiu follows as the third Nigerian after Adenuga, with an estimated fortune of $1.6 billion. He is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping. BUA Group’s annual revenues are estimated at over $2 billion. He got into business by working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s northern region. He struck out on his own in 1988 importing rice, sugar, edible oils as well as steel and iron rods.

Leave a Reply

Your email address will not be published. Required fields are marked *

WCW- Our Woman Crush Is Idongesit Harrison

This 11-year-old Nigerian Girl Services and Repairs Generators For a Living