Aliko Dangote Tops Forbes Africa’s 40 Richest List – 11 Other Nigerian Business Moguls, including Mike Adenuga, Folorunsho Alakija, Hakeem Belo-Osagie & Jim Ovia also Make the List
Posted on Wednesday, November 21st, 2012 at 1:09 PMBy Damilare Aiki
For the second year running, Nigerian business mogul, Aliko Dangote tops Forbes Africa’s 40 Richest list with a net worth of $ 12billion from $10.1 billion in November 2011.
According to Forbes, most of his net worth lies in publicly traded Dangote Cement which operates in 14 African countries. Nicky Oppenheimer of South Africa comes in once again as the second richest, with a $6.4 billion fortune – down $100 million from the previous year.
The coveted list features 12 Nigerian business moguls including Mike Adenuga, who ranks in the 5th position with a net worth of $4.6 billion from his telecoms and oil companies, Jim Ovia, who ranks in the 19th position with a net worth of $825 Million, Abdulsamad Rabiu, who heads BUA Group and is ranked 21st with a net worth of $675 Million, and Folorunsho Alakija, who is one of two women and ranked 24th with a net worth of $ 600 Million from the oil sector.
Just below Folorunsho Alakija on the list is 73 year old former Nigerian defense minister Theophilus Danjuma with a net worth of $600 Million from the oil sector at the 24th position, next to Theophilus Danjuma is 68 year old former banker and Honey Well group founder, Oba Otudeko with a net worth of $575 Million.
At the 27th position is Mohammed Indimi with a net worth of $550 Million from the oil and gas sector. At 82 years old, O.B. Lulu-Briggs also makes the list on the 31st spot with a net worth of $500 Million from the oil sector. On the 37th position is Sani Bello, former Nigerian military governor from Kano state and a one-time ambassador to Zimbabwe with a net worth of $425 Million.
Standing tall at the end of the list is Hakeem Belo-Osagie, the 57 year old Harvard-trained petroleum economist with an estimated $400 Million net worth from the oil sector.
To read all about Forbes Africa’s 40 Richest and their profiles, Click here
| Rank | Name | Net Worth ($ mil) | Age |
|---|---|---|---|
| 1 | 
Aliko Dangote |
$12,000 | 55 |
| 2 | 
Nicky Oppenheimer & family |
$6,400 | 67 |
| 3 | 
Johann Rupert & family |
$5,700 | 62 |
| 4 | 
Nassef Sawiris |
$5,500 | 51 |
| 5 | 
Mike Adenuga |
$4,600 | 59 |
| 6 | 
Christoffel Wiese |
$3,700 | 71 |
| 7 | 
Othman Benjelloun |
$2,750 | 80 |
| 8 | 
Patrice Motsepe |
$2,650 | 50 |
| 9 | 
Naguib Sawiris |
$2,500 | 58 |
| 10 | 
Mohamed Mansour |
$2,200 | 64 |
| 11 | 
Onsi Sawiris |
$2,170 | 82 |
| 12 | 
Miloud Chaabi |
$2,100 | 83 |
| 13 | 
Yasseen Mansour |
$2,000 | 51 |
| 14 | 
Youssef Mansour |
$1,950 | 67 |
| 15 | 
Desmond Sacco |
$1,400 | 70 |
| 16 | 
Anas Sefrioui |
$1,350 | 55 |
| 17 | 
Stephen Saad |
$975 | 48 |
| 18 | 
Sudhir Ruparelia |
$900 | 56 |
| 19 | 
Jim Ovia |
$825 | 58 |
| 20 | 
Shafik Gabr |
$720 | 60 |
| 21 | 
Abdulsamad Rabiu |
$675 | - |
| 21 | 
Cyril Ramaphosa |
$675 | 60 |
| 23 | 
Lauritz (Laurie) Dippenaar |
$625 | 64 |
| 24 | 
Folorunsho Alakija |
$600 | 61 |
| 24 | 
Theophilus Danjuma |
$600 | 73 |
| 26 | 
Oba Otudeko |
$575 | 68 |
| 27 | 
Raymond Ackerman |
$550 | 81 |
| 27 | 
Mohammed Indimi |
$550 | 64 |
| 29 | 
Samih Sawiris |
$525 | 55 |
| 30 |
Said Salim Bakhresa |
$520 | 63 |
| 31 |
Isabel dos Santos |
$500 | 39 |
| 31 | 
Moulay Hafid Elalamy |
$500 | 52 |
| 31 |
O.B. Lulu-Briggs |
$500 | 82 |
| 34 |
Alami Lazraq |
$490 | 62 |
| 35 | 
Gerrit Thomas (GT) Ferreira |
$480 | 64 |
| 36 | 
Koos Bekker |
$450 | 59 |
| 37 |
Sani Bello |
$425 | 69 |
| 38 | 
Jannie Mouton |
$415 | 65 |
| 39 |
Naushad Merali |
$410 | 61 |
| 40 | 
Hakeem Belo-Osagie |
$400 | 57 |
Credit: Forbes
Tags: Abdulsamad Rabiu, aliko dangote, Folorunsho Alakija, Forbes, Forbes Africa, Forbes Africa's 40 Richest, Hakeem Belo-Osagie, Jim Ovia, Mike Adenuga, Mohammed Indimi, Nicky Oppenheimer, O.B Lulu-Briggs, Oba Otudeko, Sani Bello, Theophilus Danjuma
too much money ooo.. more here at http://www.gistyinka.com
Now is to find one of their sons to marry ..lol
Just got the words out of my mouth!oops
lmaooo @missbonnie i feel u oh.. Na to find son abi daughter to marry
No woman made the list *sadface* watch out 4 me! But Nigerians tried sha.
http://theglamfile.blogspot.com
Folorunsho Alakija od
Folorunsho Alakija is a woman
This oil sector, THIS OIL SECTOOOORR!!! It shall not pass me by. It is me and this oil sector.
Baba God please give me my own riches, I don tire to dey suffer
hmmm if i had all the unfair advantages and monopoly dangote enjoys with the corrupt political class/leadership who have sustained his unfair business practises I’m sure i ll be worth even more than 12billion dollars because i will be into everything imaginable…they should ask dapo doherty,ibeto cements,olu fagbemi and a host of other young, smaller, rice/cement,sugar e.t.c importers dangote has managed to bankrupt for daring to import the same staples he is selling using his minions at the port
What “unfair advantages and monopoly”? Unfortunately, Nigeria has become a place where instead of folks acknowledging hard work and industry (and trying to emulate same), they hide their innate laziness and an increasing entitlement mentality behind scapegoating and fingerpointing. Is Dangote the only Nigerian to have received an import license (and let’s even forget for a moment that was back in the 1970s and 1980s)? What happened to the other beneficiaries of licenses? While the man has diligently turn his wholly import business into an industrial conglomerate, most other “rich” Nigerians are still chasing govt contracts and patronage. While most rich Nigerians are still myopically concentrating on their village or state, this man has sited large-scale manufacturing plants all over Nigeria (and has now expanded to other African countries) and has not only created direct and indirect employmentfor mysriad Nigerians (from unskilled to skilled to suppliers and sundry subcontractors) and livelihoods for their families and dependents but has created public infrastructure (from power plants to roads) along the way and nutured small businesses. Please take a bow Aliko and let the haters drown in their own bitter bile. SMDH
Go and look up the word monopoly before commenting. When you are the sole distributor of most of the basic commodities, its had not to turn significant profits. Unfair business advantage is what i call it.
I’m sorry but i don’t think you have any clue what goes on in that industry.if i don’t know any of the major players at least i know 2 of the people mentioned in my comment i.e olu fagbemi and dapo doherty..if you know anyone who is into importation these 2 guys are big although not as big as dangote..in the early 2000s when olu fagbemi tried to bring sugar into nigeria dangote almost bankrupted him,same goes for dapo doherty..dangote bought the cement company and shut it down in order for it not to affect the prices he has set..im sure you know how much bill gates was fined for unfair monopoly that many years ago?
a bag of cement is sold in b and q a uk hardware store for the naira equivalent of 1,000 naira cheaper if you are buying in pallets which do you think the price of poorer quality cement in big has never gone below 1000naira in the past almost ten years?
do you know how many business ppl have bantered into sugar,fertiliser,rice importation and dangote has used the customs man in charge of the port to place an artificial embargo on their shipment? trumped up charge and you won’t be allowed to offload,meanwhile demurrage is counting daily bank loans is counting daily when you eventually get your shipment after considerable losses dangote will now undercut you by more than half say you have to sell your cement for 10naira to even break even pay the banks and make no profit dangote will sell for 4naira just to break you..do you know how many businessmen water has mysteriously entered their cement ?
ask those who know dangote well,if you mess with him its at your own mortal risk
Ovadje u are soooooo uninformed and naive…I’m sure there are 5 yr olds that know about monopoly and unfairness in the business sector boosted by a corrupt government….The average Nigerian loves money and I ambitious so its not about hating or fingerpointing…pls get informed and know your facts
I totally agree with you lucabracee. Thats not to however discredit his business savy because given the opportunities he has, some people will still flop.
Cant say i’m a huge fan of his business tactics but i admire a man who owns half the country and doesnt wear his wealth on his sleeves.
Did anyone noticed Nigerians are the only black people there, the rich south africans are all white and the north african rich ones are arabs………are there no black entrepreneur in other african countries?????
no wonder Nigerians dominate everything black in Africa
Cyril Ramaphosa and Patrice Motsepe are black South Africans.
What part of geography do you not understand, my dear friend Sammy??? North African countries describe themselves as ‘Arab’, hence most billionaires from North Africa will be Arab. If you look at the list of rich South Africans (or more specifically, Southern Africa) carefully, you will spot a couple of black people- Ramaphosa, dos Santos, etc
GOod for him n d rest of dem….
How come all the Nigerians on this list except for Dangote, Jim Ovia and Osagie made their money from oil? Is Nigeria a welfare state for the rich, where people with friends in government get awarded oil blocs and they all smile to the bank? I don’t see any hard work here. It shows that the Nigerian economy is still not diversified. Oil remains our mainstay. Forbes list the source of wealth as “oil, self made” when a better description would have been “oil, welfare.” Between these oil block folks and the oil marketers, they are the reason the government has to borrow money every year to close her budget. Something is definitely wrong here. Let them all go create real companies.
Thank you dear John. Looking forward to REAL firms built on sound business principles propping up the next generation of Nigeria’s (and Africa’s) wealthiest people
@glam…did you say no woman made the list?? What about Folorunsho Alakija? She’s a woman o and she also made her money from oil.
Open their forbes profiles and notice how many of nigeria’s billionaires are in some way, connected to either Babangida, Abacha or Obasanjo. No wonder Babangida and Obasanjo will never be prosecuted for their corrupt practices while they were in government.
we would all be great, just find God, your passion and loads of tenacity.
http://www.thestunninglady.blogspot.com
@John… I hear you!
We must be proud of these billionaires, at least , they are investing in Nigeria unlike those thieves that ship the money abroad.
where is dbanj , wizkid and kwam 1 onthis list?
Its funny how former nigerian politicians are on the list. Its only in corrupt countries where you have people amassing vast amounts of money as a result of being in political office…no wonder politics is a Do-or-Die affair in Nigeria….its so lucrative…
When God Decides To Bless You,No Man Can Curse ….”Aye O Le Pa Kadara Da,Won Kan Le Fi Owo Ago Si Eyin Ni”
Unfortunately no Igbo man dey there. The after effect of war. God will see us through
Jim Ovia is Delta Igbo.
God will see us all through and perhaps one day you and I can be on the list
BOO: Aliko Dangote is not a “distributor”. if anything, he has created jobs for distributors.
NAIJA4LIFE: What does “loving money” has to do with hard work and/or vision? You think all those looters in govt (or even armed robbers) do not love money?
LUCABRACEE: What has so-called “big” importers have to do with Dangote, who long ago transitted from importing (which frankly anyone can do) to manufacturing. How can Dangote shut down one cement plant (and btw, he has quadrupked production at BCC Gboko, which was moribund in the hands of govt before privatization, like Nkalagu still is) when LaFarge WAPCO (formerly Blue Circle) had much bigger plants in Nigeria, until Dangote’s Obajana plant came on stream? Do you think that perhaps the demand for cement in Nigeria (where production was lagging until recently) has anything to do with prices? Btw, this same Dangote bid for Eleme Petrochemicals and LOST. Today, he is about to break ground on what would be Africa’s biggest fertilizer plant in Edo State (not in his village, like most xenophobic Nigerians). That’s how he moves forward and grows bigger, while haters stay hating.
So happy a woman is on the list, soon and very soon would be on this list too!
http://www.jeenager.com
How did people like Danjuma make their money? In the army?
http://naijasportsgists.wordpress.com/
isnt mrs. alakija that eme dj’s mom? cuz i know she got four boys only…hmmmm