See Why Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List.
This is the second time in a row she is dropping off the list.
Released on Tuesday, the new list has Aliko Dangote, chairman of Dangote Group; Mike Adenuga, chairman of Globacom; and Abulsamad Rabiu, Chairman of BUA group.
In 2019, Alakija made the Forbes list of world billionaires and was ranked 1941 in a list of 2,153 billionaires; with a net worth of $1.1 billion. The oil tycoon dropped off the global billionaires’ list in 2020, although she still emerged as the 20th richest African billionaire in 2020.
Forbes said Alakija’s fortune dropped below $1 billion due to lower oil prices because she is mainly into oil exploration.
Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.
He owns 85% of publicly-traded Dangote Cement through a holding company and has shares in publicly traded salt and sugar manufacturing companies.
Adenuga, Nigeria’s second richest man, was ranked 440th richest in the world with a net worth of $6.1 billion, up from $5.6bn in 2020.
Rabiu emerged as the 574th richest person in the world with an estimated fortune of $4.9 billion. He also maintains the position of the sixth wealthiest person in Africa.
Despite the worldwide economic impact of the coronavirus outbreak, Forbes said an additional 660 individuals were added to its 2021 billionaires list.
“It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies, and skyrocketing stock prices,” Forbes said.
“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.
Jeff Bezos, CEO of Amazon, remains the world’s richest man for the fourth straight year with an estimated worth of $177 billion, followed by Elon Musk, CEO of Tesla in second place with $151 billion.
Altogether, the 2,755 billionaires on Forbes list are worth $13.1 trillion, up from $8 trillion in 2020.
The United States of America has the highest number of 724 billionaires, followed by China (including Hong Kong and Macao) with 698.
Forbes said it used stock prices and exchange rates from March 5 to calculate net worth.
Cover Of The Week
Politics5 months ago
US SUPREME COURT DECISION CONFIRMS TB JOSHUA PROPHECY
religion4 months ago
Kidnapping In Aso Rock, CBN Governor Indictment, Death Of Governor, Others – Primate Ayodele Fearful 2021 Prophecies
celebrity radar - gossips3 months ago
Profile of New Chief of Army Staff Maj Gen Ibrahim Attahiru
Politics5 months ago
Will Primate Ayodele’s Warning To Joe Biden On US Election Come To Pass?