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Aliko Dangote Moves Up from 76th to 43rd Richest Man in the World while Mike Adenuga takes the 269th Spot | 2013 Forbes Billionaires List

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Nigerian billionaire business mogul, Aliko Dangote has moved up in the latest Forbes world’s richest ranking from the 76th position which he maintained in 2012 to the 43rd position.

According to the list which was released on Monday by Forbes, Dangote – President of Dangote Group and Chairman of Globacom, Mike Adenuga were the only Nigerians on the list.

With a net worth of $16.1 Billion as of March 2013, Dangote retained his position as the richest man in Africa. Meanwhile, Adenuga ranked 269 on the list with a net worth of $4.7 Billion.

Here’s what Forbes had to say about Dangote:

Nigerian Cement tycoon retains his position as Africa’s richest man for the third year in a row. The past year has been eventful for Dangote. In October, he sold off a controlling stake in his flour milling company to Tiger Brands of South Africa. He pocketed $190 million in cash. In February, his Dangote Sugar Refineries acquired a 95% stake in Nigerian sugar producer Savannah Sugar in a bid to maintain its dominant position in the Nigerian sugar industry. Dangote stepped up his philanthropy in the past year, giving over $100 million to causes ranging from education to health, flood relief, poverty alleviation and the arts. He also acquired a yacht, which he named after his mother, Amiya. Dangote started building his fortune more than three decades ago when he began trading in commodities like cement, flour and sugar with a loan he received from his maternal uncle. He delved into full production of these items in the early 2000s and went on to build the Dangote Group, West Africa’s largest publicly-listed conglomerate, which now owns sugar refineries, salt processing facilities and Dangote Cement, the continent’s largest cement producer. A fitness buff, Dangote jogs everyday.

Carlos Slim (Mexico) maintains his position as the world’s richest man with a net worth of $73 Billion followed by Bill Gates (United States) with a net worth of $67 Billion. Amancio Ortega (Spain) takes the third position with a net worth of $57 Billion, Warren Buffet (United States) ranks fourth with $53.5 Billion while Larry Ellison (United States) ranks fifth with $43 Billion.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at www.deolascope.blogspot.com

20 Comments

  1. Seriously

    March 5, 2013 at 6:33 am

    Recession, a time when the rich get richer and the poor get poorer..

  2. Thatnigerian

    March 5, 2013 at 8:31 am

    Aww too bad for you….. Cheers Dangote

  3. LaizaLounge.com

    March 5, 2013 at 8:56 am

    True wealth isn’t a days job. It takes serious hardwork!

  4. pynk

    March 5, 2013 at 9:07 am

    the guy has ambition and a vision. I respect his comment “if you dont have ambition, you dont deserve to be alive”.

  5. 'Mide

    March 5, 2013 at 3:32 pm

    Privatization came and dispossessed Nigerians of their public assets. Now many years later public assets that were converted to private assets through formal instruments of transfer of ownership have made this Nigerian a billionaire in dollars without the fellow inventing anything of value to the human race. I beg make man see road 43 ko , no 1 na im e for be

  6. konnie

    March 5, 2013 at 3:57 pm

    I hope they are paying their taxes. God bless you both

  7. spike

    March 5, 2013 at 4:02 pm

    me i just want to marry his son *sigh*

    • Solomon's daughter

      March 5, 2013 at 7:33 pm

      LOL!!!!!!!!!!….d only really reasonable comment here! na u know how far joor, d rest r jst learners…lol!!

  8. Tiki

    March 5, 2013 at 4:07 pm

    God bless all those who got rich through hard work, and punish all those who enrich themselves with, or enjoy the proceeds of, illgotten wealth!

  9. in other news

    March 5, 2013 at 4:11 pm

    ehen??? so we should do what ??? cry for them?? look at the state of their country mcheew

  10. @ajiriavae

    March 5, 2013 at 4:47 pm

    The thing about life is that, when you choose to look at it from the negative side, telling yourself (and others) how Dangote’s getting richer is making somebody somewhere poorer (as if resources and ideas to make money are limited) then you close yourself off from wealth. I have never met anyone who focused on the ‘rich people are somehow bad people and the cause of poverty’ side of life who is capable of holding on to wealth. You can not attract what you despise.
    ajiristyle.blogspot.com/

    • R

      March 5, 2013 at 6:58 pm

      Very wise. You cannot attract what you despise.

  11. Joe

    March 5, 2013 at 5:00 pm

    We cannot cry for them we are apreciating them and work hard to be one it pays to work hard

  12. Hajiya not

    March 6, 2013 at 2:49 am

    Tomorrow someone will make a derogatory comment about Northerners and Hausas specifically.

    Good to have a great role model for us Mallam’s pikins.

    Hopefully the potential almajirais will dream big too.

  13. moses jasper

    March 21, 2013 at 3:01 am

    who God has blessed, No one can curse! If you want to be like him someday, plz be happy and appreciate his success, it’s not easy to maintain such standard in life…..

  14. CHOMBA ALBERT

    March 25, 2013 at 11:56 am

    I like this man, getting the energy to make such money is no joke men! its not good to die poor, let enrich ourselves with the little available in our economy. BRAVO MR DAN!

  15. ngozi

    May 3, 2013 at 3:34 am

    i ma just glad that this man makes africa’s name to be out there so that these oyibos no go too dey feel seh dem too dey pass us.Thank God an african come get that kind money,make them know seh we too dey strong and something too dey happen for africa joor….ei no dey easy my brother keep up.even make the 1st next year.God be ur helper

  16. Adebola

    June 2, 2013 at 12:19 am

    Monopoly

  17. Mrs.Anita

    July 13, 2013 at 1:05 am

    Good day Sir/Madam,

    How are you today and how is business moving with you there, However i need your deter in my email id,
    Thanks and my best regard

    Mrs.Anita.

  18. BONNKE

    September 27, 2013 at 8:05 pm

    IT IS GOOD 2 B RICH BUT ANY WEATH U ACQUIRE WITHOUT ACKNOWLEDGING D WRD OF GOD THT SAY SEEK FIRST D KINGDOM OF GOD AND AFTER HIS RITEOUSNESS ND DEN EVERYTHNG WLL BE ADDED. D WEALT WIL BE OF NO IMPOTANCE [VANITY]. PUT GOD FIRST AND U WILL NVER REGRT.

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