Forbes Magazine today released its 2018 list of billionaires. Jezz Bezos, founder and Chief Executive Officer (CEO) of Amazon, an online e retailer topped the list with a net worth of $127. 3 billion. Bezos owns 16% of Amazon, which he founded in 1994.
Bill Gates, the founder of Microsoft, who has dominated the number one spot in the last two decades, slipped to the Number 2 spot with a net worth of $90 billion.
Warren Buffett, Chairman and CEO of Berkshire Hathaway took the 3rd position with an estimated net worth of $86.6 billion.
Here is a brief profile of the three Nigerians that made the list.
Aliko Dangote made the list at the 100th position with a net worth of $14.1 billion. Dangote, however, retains his position as the richest black man in Africa, and by extension the richest man in Nigeria.
Dangote through Dangote Industries Limited (DIL) owns close to 88% of Dangote Cement, which is the biggest company on the Nigerian Stock Exchange (NSE) by market capitalization. In addition, he also holds dominant stakes in Dangote Sugar, Dangote Flour, and NASCON Allied industries.
At a distant second was Mike Adenuga with a net worth of 6.4 billion. Adenuga is the 345th richest person in the world and the 5th richest person in Africa. Adenuga who is Nigeria’s 2nd richest person owns a controlling stake in Globacom Limited, one of Nigeria’s 3 largest GSM operators. Globacom had 37 million subscribers as at the fourth quarter of 2017.
In addition, he also holds controlling stakes in Conoil Producing, an oil exploration outfit, as well as its downstream arm Conoil Limited. Adenuga also holds significant stakes in tier two lender Sterling Bank and construction giant Julius Berger Plc.
Rounding up the list is Folorunsho Alakija. Alakija has an estimated net worth of $1.5 billion, making her Nigeria’s 3rd richest person, and the 15th richest person in Africa. Alakija is Vice Chairman of Famfa Oil, an exploration company which has a stake in the Agbami Oilfield.