Dangote, Only Nigerian On Bloomberg’s Billionaires List

Chairman of the Dangote Group, Aliko Dangote.

 

Aliko Dangote was listed as the only Nigerian in Bloomberg’s Billionaire Index on Tuesday with a net worth of $17.8bn. 

The Chairman of the Dangote Group was ranked 118 among 500 billionaires listed by Bloomberg.

Tesla’s Chief Executive Officer (CEO) Elon Musk topped the billionaires index with a net worth valued at $193b. He is followed by Amazon’s Jeff Bezos at number two who is valued at $193billion.

Bernard Arnault of LVMH Moet Hennessy Louis Vuitton, has a net worth of $175b to take third.

Bill Gates had a valuation of $148b while Facebook CEO Mark Zuckerberg with $134billion occupied, 4th and 5th position in that order.

Jack Ma, Roman Abrahimovich and Rupert Murdoch are some of the prominent names on the index.

[READ ALSO]: Billionaires List: Dangote Remains Africa’s Richest, Adenuga And Rabiu In Top 6

“In calculating net worth, Bloomberg strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied,” the company explained.

The billionaire’s chart is a daily ranking of the richest people on earth and measures personal wealth solely on fluctuations in markets, the economy and Bloomberg’s reportage.

Each billionaire’s net worth is updated at the close of business every day at the close of trading in New York.

Equally, stakes in publicly traded companies are valued and it uses the share’s latest closing price. The valuations are then converted to US dollars at the present exchange rates.

Buhari Congratulates ‘Corona Warrior’ Dangote On 64th Birthday

A file photo of Nigerian billionaire businessman, Aliko Dangote. Photo: Sodiq Adelakun/Channels TV,

 

President Muhammadu Buhari has congratulated the President of Dangote Group, Aliko Dangote, on adding a year to his age.

He extended his goodwill message to one of Africa’s leading philanthropists and industry giants in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu.

The President described Dangote, who turned 64 on Saturday, as a key partner and a “corona warrior” who has continued to show consistent faith and belief in the country.

He noted that while the pandemic has placed enormous strain on many nations, the burden was made somewhat lighter for Nigerians and the government.

President Buhari attributed such feat to the support and cooperation of citizens like Dangote whom he said display great empathy and sacrifice to mankind in their own ways.

In this file photo taken on September 13, 2019, President Muhammadu Buhari gestures at a meeting with APC governors at the State House in Abuja.

 

He also commended the billionaire businessman for giving wings to the aspirations of many youngsters and professionals in Nigeria and the rest of the continent and urged him to continue to do more.

The President believes these exemplary efforts will go down in history and will be remembered by future generations.

He wished Dangote many more years of healthy life and service to his nation and humanity in general.

Billionaires List: Dangote Remains Africa’s Richest, Adenuga And Rabiu In Top 6

 

Three of Nigeria’s richest persons made it to the top six of Forbes’ 2021 Africa’s Billionaires list.

Forbes released its 2021 billionaires list on Tuesday, it includes 14 African billionaires, with the President/Chief Executive of Dangote Group, Aliko Dangote, retaining the number one spot on the continent.

Other Nigerians who made the top-6 spot include Chairman of Globacom and Conoil Plc, Dr. Mike Adenuga, and the founder of BUA Group, Abdulsamad Rabiu.

Dangote’s net worth rose from $10.1bn in 2020 to $12.1bn in 2021, making him the 191st wealthiest person in the world.

Though Adenuga who is Nigeria’s second-richest person witnessed a deep from $7.7bn to $6.3bn, he remained in the top echelon in Africa placing 5th and was ranked 440th in the world.

Climbing up the billionaires’ ladder is the BUA group boss – Abdulsamad Rabiu who saw his fortune rise from $3.1bn in 2020 to a stunning $5.5bn in 2021.

With the $2.2bn gain, Mr. Rabiu now sits pretty as the 6th richest in Africa and the 574th billionaire in the world.

Other Africans who made the top-6 category include one Egyptian and two Southe Africans.

The Egyptian, Nassef Sawiris comes in second place in Africa and is ranked 297th on the list with a net worth of $8.5bn.

According to Forbes, Sawiris is an investor and a scion of Egypt’s wealthiest family, with his most valuable asset being a nearly six percent stake in sportswear maker.

The two South Africans who come in third and fourth place respectively are Nicky Oppenheimer (worth $8bn, ranked 308th in the world) and Johann Rupert (worth $7.2bn, ranked 358th in the world list).

From left: Elon Musk, China’s Kate Wang, Amazon founder Jeff Bezos and Nigeria’s Aliko Dangote. MAJA HITIJ/GETTY IMAGES, STEFEN CHOW FOR FORBES, MICHAEL PRINCE FOR FORBES (2) . Credit: Forbes

 

Away from Africa, the founder, and CEO of Amazon, Jeff Bezos retained his spot as the world’s richest with a net worth of $177bn. He is followed by Elon Musk, co-founder and CEO of Tesla with $151bn.

Forbes notes that within the year in focus, there were rapid-fire public offerings, surging cryptocurrencies, and skyrocketing stock prices, adding that the number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755—660 more than a year ago.

According to the business magazine, altogether the billionaires are worth $13.1 trillion, up from $8 trillion on the 2020 list.

COVID-19: Buhari Praises Atiku, Dangote, Others For Donations

Aliko Dangote                                        Muhammadu Buhari                                       Atiku Abubakar

 

President Muhammadu Buhari on Friday commended the public-spiritedness of some wealthy Nigerians and organisations for standing up to be counted in the battle against the coronavirus (COVID-19) pandemic.

In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President thanked members of the Nigerian Private Sector Coalition Against Covid-19, for their contributions in the sum of billions of naira to curb the spread of the disease in Nigeria.

They include former Vice President Atiku Abubakar, Aliko Dangote, Abdulsamad Rabiu of BUA Group, Femi Otedola, Tony Elumelu (United Bank of Africa), Herbert Wigwe (Access Bank), Segun Agbaje (Guaranty Trust Bank) and Jim Ovia (Zenith Bank).

READ ALSO: US Asks Health Workers To Apply For Visas Amid COVID-19 Pandemic

He noted that UBA donated the sum of N5 billion to Nigeria and Africa, while the former Vice President pledged N50 million.

According to the President, First Bank is partnering with the government, the United Nations, and innovative technology firms to provide e-learning solutions to at least one million children under the ‘Keep Them Engaged, Keep Them Safe’ initiative.

He commended every other helping hand that has been lent by individuals, groups, and organisations, which may not necessarily be in the public domain, praying that God who sees all things would abundantly recompense.

President Buhari, however, recommended the laudable strides to other high net-worth Nigerians and organisations.

He stressed that collectively, Nigeria would overcome the challenges brought by the pandemic, and chart a new course in nationalism and brotherhood.

Dangote Remains Africa’s Richest Man, Adenuga Makes Top Three

Dangote has topped the Forbes list for Africa nine times in a row. Photo: Sodiq Adelakun/Channels TV

 

Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.

The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.

Maintaining the number one spot with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.

Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.

He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.

READ ALSO: CBN To Stop Pollution By Recycling Tonnes Of Bad Naira Notes

Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.

Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.

Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.

Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

At number five spot on Forbes list is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, Johann Rupert.

Mr Rupert, another South African billionaire has a net worth of $6.5 billion.

The company is best known for its brands, Cartier and Montblanc.

Other Africa billionaires include:

Issad Rebrab and family with a net worth of $4.4 billion – Algeria

Mohamed Mansour with a net worth of $3.3 billion – Egypt

Abdulsamad Rabiu, a Nigerian with a net worth of $3.1 billion

Naguib Sawiris joins his brother, Nassef, in the top 10 wealthiest Africans with a net worth of $3 billion.

On number 10 spot is Patrice Motsepe from South Africa, with a net worth of $2.6 billion.

Capping the list at number 20 spot is Nigeria’s richest woman, Folorunsho Alakija who has a net worth o $1 billion.

See the full list of Africa’s billionaires below:

  1. Aliko Dangote $10.1 billion
  2. Nassef Sawiris $8 billion
  3. Mike Adenuga $7.7 billion
  4. (3) Nicky Oppenheimer $7.7 billion
  5. Johann Rupert $6.5 billion
  6. Issad Rebrab $4.4 billion
  7. Mohamed Mansour $3.3 billion
  8. Abdulsamad Rabiu $3.1 billion
  9. Naguib Sawiris $3 billion
  10. Patrice Motsepe $2.6 billion
  11. Koos Bekker – $2.5 billion
  12. Yasseen Mansour – $2.3 billion
  13. Isabel dos Santos – $2.2 billion
  14. Youssef Mansour – $1.9 billion
  15. Aziz Akhannouch – $1.7 billion
  16. Mohammed Dewji – $1.6 billion
  17. Othman Benjelloun – $1.4 billion
  18. Michiel Le Roux – $1.3 billion
  19. Strive Masiyiwa – $1.1 billion
  20. Folorunsho Alakija – $1 billion

Trade Minister Assures Dangote, Other Investors Of Business-Friendly Environment

PHOTO: Sodiq Adelakun/Channels TV

 

The Minister of Industry, Trade and Investment, Adeniyi Adebayo on Thursday promised a friendly business environment for investors in the country.

Adebayo gave the assurance during a meeting with the Chairman of Dangote Group, Aliko Dangote in Abuja.

READ ALSO: National Hospital, Abuja Presents Conjoined Twins After Successful Operation

According to him, the move will help the investors contribute their quota to job creation and lifting over 100 million Nigerians out of poverty.

The Chairman of the Dangote group in response highlighted recent investments by his company to grow the nation’s industrial sector.

 

See photos from the meeting below…

When Completed, Apapa-Oshodi Road Will Be One Of The Best In Africa – Dangote

President, Dangote Group, Aliko Dangote with Minister of Works and Housing, Babatunde Raji Fashola and others, during the road inspection on Saturday, December 28, 2019.

 

President Of Dangote Group, Aliko Dangote has assured that the ongoing reconstruction of Apapa-Oshodi Oworonshoki expressway, when completed, will be one of the best roads in Nigeria and in Africa.

The business mogul disclosed this while speaking with journalists during a tour and inspection of the 32-kilometer road project by Dangote Group.

He added that construction work is going on day and night to achieve this and to ensure speedy completion of the road.

READ ALSO: FG’s Obedience To Court Orders Will Boost Investors’ Confidence – Rewane

According to him, the speedy completion is necessary to alleviate the setbacks caused by the poor road leading to Apapa port.

“We operate inside the port, two of our companies between 2017 and 2018 lost over N25billion because of the road congestion. We were able to produce but we were not able to get out of the port.

“That is why we are working day and night to ensure that this road in delivered on time and also with the highest quality.

“I can assure you that this will be one of the best roads not only in Nigeria but in Africa,” Dangote said

The Minister of Works and Housing, Mr Babatunde Fashola, who was also with Dangote during the inspection, said the reconstruction will be completed within the scheduled time of two years.

He expressed satisfaction at the level of work adding that the road when completed will solve a lot of problems.

“We expect that by the end of 2020 the entire road network will be finished. We will have a road that will last for 40 years or more,” Fashola said.

PHOTOS: Dangote, Momoh, Elumelu, Others Receive National Productivity Award

Left to Right: Minister of Labour and Productivity, Chris Ngige; Secretary General of the Federation (SGF) Boss Mustapha with Chairman, Channels Media Group, John Momoh while honouring him with the National Productivity Order of Merit (NPOM) award in Abuja. PHOTO: Sodiq Adelakun/Channels TV

 

Popular businessman, Aliko Dangote; the Chairman, Channels Media Group, John Momoh; Chairman of UBA and philanthropist, Tony Elumelu were some of the prominent Nigerians who received the 2019 National Productivity Order of Merit (NPOM) award on Thursday.

A total of 26 individuals and seven organisations were honoured at the ceremony which was held in Abuja, the nation’s capital.

The Minister of Labour and Productivity, Chris Ngige explained that the award is in recognition of their contribution to national development and productivity.

The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment to honour deserving Nigerians in recognition of their hard work.

 

See more photos from the event below…

PHOTOS: Buhari Meets Bill Gates, Dangote In New York

 

President Muhammadu Buhari has met with Bill Gates and Business mogul, Aliko Dangote in New York.

During the meeting on Wednesday, the President applauded the contributions of Bill and Melinda Gates Foundation, as well as Aliko Dangote Foundation to humanitarian and developmental activities in Nigeria.

See Photos Below: 

Dangote Splashes $50,000 On Super Eagles After Otedola Redeems Pledge

A file photo of Mr Aliko Dangote.

 

 

Africa’s richest man and President of Dangote Group, Aliko Dangote, has fulfilled his pledge of $50,000 per goal to the Super Eagles of Nigeria.

The Nigeria Football Federation (NFF) announced this on Wednesday via its verified Twitter handle.

This comes a day after Nigerian billionaire businessman Mr Femi Otedola paid the sum of $25,000 to the Eagles.

Mr Dangote was represented at the NFF’s office in Lagos by the Group Managing Director (GMD) of Dangote Group, Mr Olakunle Alake, accompanied by the Chief Corporate Communications Officer, Mr Anthony Chiejina.

READ ALSO: $25,000 Per Goal: Otedola Has Fulfilled His Pledge, Says NFF

The Eagles, on their part, were represented by midfielder John Ogu as well as the team’s administrator and kit manager, Enebi Achor and Chidi Ngoka, respectively.

Both Dangote and Otedola had promised the Super Eagles $50,000 and $25,000 respectively per goal in their semi-final clash with Algeria in the 2019 Africa Cup of Nations which held in Egypt.

The Eagles were only able to score a goal as they lost 2-1 to Algeria, although William Troost-Ekong scored an own goal before Odion Ighalo levelled the scoreline.

However, Riyad Mahrez denied the Nigerian team a place in the final with a brilliant free-kick while Algeria went ahead to beat Senegal to lift the trophy.

The Super Eagles also triumphed over Tunisia in the third-place match to claim the bronze medal of the competition.

Read the tweets below:

‘Local Investors Are Key To Attracting Foreign Investment’ – Dangote

 

The Chief Executive Officer of Dangote Group, Aliko Dangote, has called on governors in Northern Nigeria to do more in mobilizing local private sector investors in their states.

Dangote made the call at the Kaduna Economic and investment summit on Wednesday, where he stated that such a move can spur huge inflow of private capital, reduce insecurity, unemployment, and poverty.

“Northern Nigeria will continue to fall behind if the respective state government does not move to close the development gap. Closing these gaps requires huge multi-year investment and government will not be able to raise the capital required to fund this. Only the private sector can raise the capital required to fund the level of investment this country needs.

“Efforts should be more in terms of attracting local investors, there is no foreigner that will come and invest without seeing the local investors invest. So local investors are key to attracting foreign investments and we must pay attention to that.”

READ ALSO: We’ve Attracted Over $500m Investments In Kaduna, Says El-Rufai

According to the business mogul, the partnership to establish an automobile assembly plant between the Dangote group, Peugeot and the Kaduna State government would help grow the domestic automobile industry and SMEs will benefit from the supply chain.

“On our own part, we have already progressed to establish billions of naira automobile assembly plant in conjunction with Peugeot of France and the Kaduna State Government.

“It is in the hope that the state government will also incentivize the SMEs to take advantage of opportunities inherent in the supply chain. This is the only way we can grow and develop our domestic automobile industry and economy in general.

“Government must create a conducive environment that will trigger a huge inflow of private capital into attractive sectors of the economy. Private investments will create jobs and will ameliorate the twin challenges of unemployment and poverty,” he added.

Dangote tasked state governments to work hard by creating the necessary legal and regulatory framework, offer attractive sector-wide incentives, identify the sectors of the economy where their state has a comparative advantage and provide information and data to enable prospective investors to evaluate the opportunities in these sectors.

Bill Gates, Dangote Challenge FG To Invest In Human Capital

 

Philanthropist and Founder of Microsoft, Bill Gates has challenged the Nigerian government to invest in human capital development, saying it would lay a good foundation for the nation’s prosperity.

He made this known on Thursday while delivering a speech at the Expanded National Economic Council on Investment in Human Capital held in Abuja.

According to him, although Nigeria has enormous potentials, they can only be maximized when the citizens are well equipped.

Making reference to the Economic Recovery and Growth Plan, he, therefore, urged the Federal Government to take practical steps in prioritising human capital development.

“Nigeria has unmatched economic potentials but what becomes of that potential depends on the choices you make as Nigeria’s leaders. The most important choice you can make is to maximise your greatest resource – the Nigerian people.

“Nigeria Will Thrive when every Nigerian Is able to thrive, If you invest in their health, education and opportunities, the human capital that we are talking about today, then that will lay the foundation for sustained prosperity.

“If you don’t, however, it is important to recognise that there would be a sharp limit on how much the country can grow,” he stated.

“Much of Nigeria still looks like a low-income country. Nigeria is one of the most dangerous places in the world to give birth.

“With the fourth-worst maternal mortality rate in the world, ahead of only Sierra Leone, Central African Republic, and Chad. One in three Nigerian Children is chronically malnourished.

“The Nigerian government’s Economic Recovery and Growth Plan identifies investing in our people as one of three strategic executives but the execution priorities don’t fully reflect people’s needs – prioritising physical capital over human capital,” he stated.

Also addressing the issue, President of the Dangote Group, Aliko Dangote, asked the Federal Government to provide solutions to human capital challenges experienced in the country.

 

He stressed that human capital is a critical component of Nigeria’s future economic growth , noting that while the nation has largely achieved growth by extracting natural resources, the youths have to be equipped both physically and mentally to drive the nation’s future success.

“In Nigeria, we have largely achieved growth by extracting natural resources and we’re not building on that through our physical infrastructure. But we must also remember that it is our young people that will drive our future success.

“By 2050, Nigeria is projected to be the 3rd largest economy in the world.

“For this next generation to thrive as adults and drive economic progress, we need to invest in their health and well-being and in their ability to learn and apply new skills.

“As a business leader, it is my responsibility to offer jobs and opportunities but I can only do that when people themselves are healthy and have basic skills.”

Speaking further, the business mogul explained how nutrition and infrastructural development also play a huge role in equipping the youth for the future.

According to him, malnutrition has been identified as one of the biggest factors undermining the potentials of children and for Nigeria to be able to truly compete globally, we must prioritize investment in health, education and other key sectors.

He said: “As a philanthropist and development expert, I have seen first-hand and critical gaps and proven interventions that can help set those young people up for success especially the poorest.

“A key example is nutrition; a primary focus for the Dangote Foundation.”

“Today, one of the biggest factors undermining our progress is malnutrition. Poor nutrition prevents children from realizing their true potentials, stunting not only their physical and intellectual growth but also educational and employment opportunities.

“As a business leader, I feel the consequences of malnutrition. An inadequately skilled workforce is a constraint to my businesses. Again as a philanthropist and development expert, it is the kind of challenge I am committed to helping solve.

“By this, is where my two roles converge because all sectors, businesses, philanthropy and especially government will need to step up to address the human capital challenges we are now facing in Nigeria.

“For Nigeria to truly compete globally, we must prioritize investment in the health, education, and opportunity of our people alongside other critical areas like infrastructure,” he stated.