Forbes publishes Inaugural List of the 40 Richest People in Africa – Aliko Dangote ranked No 1, Mike Adenuga, Jim Ovia, Oba Otudeko, Theophilus Danjuma, Hakeem Belo-Osagie, Abdulsamad Rabiu & Mohammed Indimi on the list
Posted on Thursday, November 17th, 2011 at 3:58 AMBy BellaNaija.com
Forbes Magazine recently launched “Forbes Africa” and it seems as though their drive to create engaging African business-lifestyle content.
The inaugural list of the 40 Richest People in Africa is such to create some buzz and generate discourse.
According to Forbes,
Forbes’ inaugural list of the 40 Richest People in Africa is a testament to the growing global importance of the continent.
The combined wealth of the 40 richest is $64.9 billion – more than Thailand’s 40 richest (at $45 billion) but less than Taiwan’s (at $92.7 billion).
The richest among them is Aliko Dangote of Nigeria, with a $10.1 billion fortune based on his stake in publicly-traded Dangote Cement –which has operations across Africa — as well as his interests in flour milling, sugar refining and salt processing.
Nigerian business moguls, Aliko Dangote, Mike Adenuga, Jim Ovia, Oba Otudeko, Theophilus Danjuma, Hakeem Belo-Osagie, Abdulsamad Rabiu and Mohammed Indimi all made the list.
No women made the Forbes 40 Richest People in Africa list!
As a precursor to the Forbes 40 Richest People in Africa list, a few days ago, Forbes Online published an article titled “Who Were Africa’s Richest Dictators?“. Click HERE to read.
| 1 |
Aliko Dangote |
10,100 | 54 |
| 2 |
Nicky Oppenheimer & family |
6,500 | 66 |
| 3 |
Nassef Sawiris |
4,750 | 50 |
| 4 |
Johann Rupert & family |
4,700 | 61 |
| 5 |
Mike Adenuga |
4,300 | 58 |
| 6 |
Miloud Chaabi |
3,000 | 82 |
| 7 |
Naguib Sawiris |
2,900 | 57 |
| 8 |
Christoffel Wiese |
2,700 | 70 |
| 9 |
Onsi Sawiris |
2,600 | 81 |
| 10 |
Patrice Motsepe |
2,500 | 49 |
| 17 |
Jim Ovia |
775 | 57 |
| 21 |
Theophilus Danjuma |
600 | 72 |
| 24 |
Oba Otudeko |
550 | 67 |
| 28 |
Hakeem Belo-Osagie |
450 | 56 |
| 29 |
Abdulsamad Rabiu |
400 | NA |
| 30 |
Mohammed Indimi |
330 | 63 |
Tags: aliko dangote, Forbes Africa, Forbes Magazine, Jim Ovia
Ermmmm….Bella Naija, I think you guys made a mistake up there! The first list, the networth should be in $Billion and not million……..!!! I hope you guys take note of that!
It isnt a mistake. For example, Dangote 10,100 million = 10 Billion. Forbes presented the data that way because some of the people on the list are not billionaires (According to Forbes anyway, who knows how much they really have..) Thanks!
I’m sorry, the figures you wrote above are not in billions. 10,100 is ten thousand one hundread, 6,500 is six thousand five hundred. In millions, 10 billion would be 10,000,000,000. or simply 10 billion. According to Forbes, Dangote is worth 10.1 billion and Oppenheimer is worth 6.5 billion. (. not ,) big difference. What you wrote about is indeed incorrect.
What is 10,100 Million? if think about the simple math, it is 10.1 billion, Mathematics no easy …. Bella, the way you have it in “million” is fine, nothing do am..
Men na so Naija university don bad finish, which kind educated illiteracy be this.
Maths dey worry u for head, when dem say, stay in class, na man u dey follow follow. 10,000,000,000 = 10,000 x 1,000,000. which is: 10,000Million.
Americans count a billion as a one thousand million, not one million million, so 10, 100 million would be 10 billion, 1000 million.
@My View.Haba.You mean after Bella explained the rationale for the figures you still couldn’t get it.Ok, I know.Figures aren’t some felaas strongest suit. In America where FORBES comes from, Dangote’s presumed 10,100 million dollars is actually said to be equivalent to 10 billion green backs. The Brits usually do not count their figures that way, though.
Oops!!! That was “fellas.”
The figures aren`t my headache, what hurts me is that 6 nigerians made this list, and the the number one is also nigerian, so someone tell me why poverty still stinks in our society, if we have this much money in our country, why are things still the way they are?
Do u want him to feed the nation with his wealth?pls direct that to Mr President.
Femi Otedo;a didnt make the list?!?!
Otedola has too much debt ..Forbes deosnt consider people with unserviced debt
Forbes should let go of these silly lists they keep coming up with every time.
Wealth in Africa is hugely secretive. There is no transparency,so it is almost impossible to draw up such lists as it often lacks scientific objectivity.
I am sure there may be over a dozen men in the country richer than Oba Otudeko and Keem Bello-Osagie.
By the way, what exactly is the essence of this speculative list?
Hakeem Belo-Osagie…silent billionaire. I like guys like those. They make so much bread, but they don’t make noise. They just chill @ home.
Ahn ahn, what happened to Femi Otedola?!
yup..the more reason why i don’t believe this “popularity” list. even otudeko sef. i no take sabi how he enter the list fiam just like that
You are questioning Oba Otudeko’s inclusion, means you don’t know him. As at 2000 or there about, between himself and Arisekola they owned 13% of First Bank shares, he is the highest individual shareholder of Guinness Nig Plc, he owned 40% of the defunct Universal Trust Bank, he owns Honeywell flour mill and the honeywell range, he owns one of the biggest indigenous electrical coy in Nigeria – PIVOT Engineering (major contractors to PHCN/NIPP), At the inception of Econet Wireless, he had one of the major individual controlling shares. The list goes on. He is a very shrewd investor, especially in most top blue chips companies on the Stock Exchange. I almost forgot, he owns WAMCO – West African Milk Coy- makers of Peak milk (though I think he has divested from if recently). He has been a silent smooth operator for over 3 decades,his simple lifestyle and humility may be responsible for his being often overlooked. For example he has refused to accept any chieftaincy title – rare for a Yoruba man of his status!
Watch out for Mira. I’ll be the first woman on the list at a record breaking age, working on it
It isn’t exactly a speculative list, it is a list of the richest ppl in africa whose money and source of money can be traced. That’s why you would never see people like Babangida on this list because their source of wealth isn’t pure and can’t be traced to legitimate sources.
why isnt there a Woman on the List??!
@onyinye u are right o, we still have poverty smelling in dis country even among their own families. @ Gidi they expect all this so called rich men to have a social responsibility to the society, i mean “a little drop can make more than an ocean” dat is by using their own wealth to develop Nigeria not to develop “Skirt or Women” buying expensive cars and houses for them.
@ hausa babe, my name is gonna be on the list soon.
bella naija i think u guys are ass kissers…u follow everything u see and u never criticize. it is your job as journalist to give your view on issues. its not always about uploading beautiful pictures and names. There is good standard in good criticism. I’m not saying these based on this topic alone its just something I’ve observed overtime. lots of youths come to this blog and i think in the mist of the fame and lifestyle thing going on you guys should sometimes be realistic and stop trying to please the rich….. cheerz
What are you saying exactly?
Dude, if you don’t like the site, please go somewhere else. It is not by force. There are a million and one sites out there for you to pontificate and preach and “aluta continua” on the web all day long. Some of us need a break from all that Internet revolutionizing. Life is not one-dimensional, and even Jesus stopped long enough to turn water into wine so that folks can jollificate.
If u dont like the site, abeg go sumwhere else, thanks a lot
lmao @ella
@ tony… billionaires like keem belo-osagie don’t just stay at home, they work really hard man! that’s the cool dude behind etisalat…
wiht Hakeem Belo Osagie on this list, now i am supicious that egunje has entered the compliation process. no. Hakeem is not a silent billionaire, dude pls
If Ibeto and the Ibrus are not on that list,something is wrong. Dangote, made his money through monopoly and flirting with all government in Power. Out of fear people don’t like to expose their wealth, mostly in a country that is as vulnerable as Naija. I strongly believe a lot of Billionaires from Nnewi or Abriba would not need such exposure for fear of kidnappers
No women made the list because we african women are too busy using marraige and our children as excuses while our counterparts in other parts of the world are balancing family and careers pretty well…Thank God for the Ngozi Okonjo-Iwealas, Arunma Otehs, Shola David-Borhas, and many other go-getters we have today, at least some strong Nigerian women leaders for the younger ones to look up to.
kpom!
Simzy, that’s a truly ignorant comment. Don’t say “we” african women…say “the african women I know”. It’s such a general and ignorant term. It is unfortunate that you may not know women who are balancing their families and careers pretty well.
Unless I missed your name on the Forbes List my dear, I stand by my statement, If it makes you feel better “the African women I know” need to step up thier A-game because I know we’re capable of competing and beating the very best of the men on this list, and were also capable of expressing ourselves without resorting to calling each other ‘ignorant’. God bless…
Chukwunna!!!! Why are Nigerian’s so darn negative?! (I’m Nigerian too by the way). Tomato or Tomatoe nah the same thing…. People come on Bella naija and the 1st thing they say has to be negative like they are perfect. We really need to stop sweating the small stuff and focus on the positive, We need to starting seeing the glass as “half full rather than half empty” biko. SMH
LWKMD OOOOOOO. Sometimes when i’m bored all i do is just visit BN and view all d comments. As in d comments alone are enuf to make my day. Some pple quarell as if they’ve met b4. lolz
I recently discovered a new term – “comment debates” – where people have a debate via a comments board, lol. I’ve had a few on Facebook in my time and it’s soo funny, I sometimes think that faceless comment debates are even more funny because ppl tell you what they really think mostly because they can hide behind anonymity. Some of the things they come up with are hilarious whereas other times they can be quite mean but I suppose that’s leaning more towards cyber bullying which is definitely not the case here! But you’re right the comments on BN are crazy funny, they always cracks me up.
Hakeem Bello Osagie is an inspiration to many with his humility. He isnt just about business and economy. He parades a resume that few people in the world do with degrees from Cambridge University , Oxford University and Harvard University. He sure is a wizkid and with so much lesson for a lot of us to learn from.
Why are peopel not understanding basic maths 10,000million = 1 billion.Simple
bellanaija is right.Some people on the list dont worth a billion, so 600 million = 0.6 billion. But they choose to stay in millions.Nigerians always like to prove I know too much!!!!!!!!
Pretty good one. Nigeria is improving in the region. perhaps that shows the level of effort being put by these men to make Nigeria better.
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Some people own na to dey find mistake everywhere… make una no go find way make una own moneyyyy. pshewwww…
LMAO! I like the way you hissed.
America you hv corrupt d whole world with all kind of evil and corruption..we dont need these lists you come up with feeding into d ego of the thieves and encouraging them to steal more and ruin the nation..as we know naija for sure,all of them now will want to steal more in order to be on Forbes(the new ovation mag for them).
time spent analyzing and detecting peoples mistakes ,should be put to good use not arguing over billions or millions….
Let their billions start talking in this country and let the level of life improve…because majority are still living bellow the World rated minimum wage..if you live in a tall fine building in the midst of MUD houses …dear..your house is as good as a mud one. But wait …wait…am proud of them though…most of them laboured so hard to get to where they are today.. unlike some …’people’ who loath the national treasury.
@simzy, we African women dont need to make Forbes list to know our networth! Trust me I know.
LoL funny enough i agree with @simzy African Women need to step up, we need to step up and stop being mediocre and average, once u have a good job that is all, forget our ministers and Okonjo Iweala we nor dey try….. I’m a lady and me sef i know! i also don’t deceive myself.
i really don’t know why people are quibbling over who’s on or off the list or who should/shouldn’t be. at the end of the day..all the names being bandied about are successful men in their own right. we shld all be focusing on making our own success! and why is ‘sett’ such a bad belle?! LoLs!
my name go enta dis list oh! Did you notice that all 40 billionaire’s money put together is not up to first two richest in US?
You are right @ppl.fall, we should be more concerned about making the Forbes list. Through constant hardwork, focus and determination, we can reach the goal.#PassionConnect
U can only see dis people on list bcos der asset can be traced,der ar many out der dt hav it but dey ar not bold 2 declare it bcos of d source
How much are they paying their stalf ?how many people in they state have they help?
These men have industies and are helping to alleviate the issue of unemployment so i think we should be grateful to them instead of nagging. They are employers of labour
It’s amazing how the richest man in Africa provides basic needs and earns ‘$ 10100 million’ (since y’all are contending) and Beyonce & Jay-Z are worth a total of $700 million from singing….
I totally agree with @simzy , Anonymouzly, wts ur statistic to prove your point. Its just obvious that majority of women are in the back burner prefering to be in the home front and too scared to do any other thing…