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
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
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