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Forbes List: Dangote, Adenuga’s net worth drops

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Forbes 2017 World’s Billionaires list has recorded the decline of  Alhaji Aliko Dangote,the President of the Dangote Group and Dr. Mike Adenuga, Chairman of Globacom, net worth by $3.2bn and $4.2bn, respectively in the past year.

Although Dangote was ranked 105th as against 51st last year, he retained his position as Africa’s richest person in the latest ranking, with a fortune of $12.2bn.

The Chairman of Forte Oil, Mr. Femi Otedola; and the Chairman/Chief Executive Officer, BUA Group, AbdulsamadRabiu, were missing on the list. They were worth $1.8bn and $1.1bn, respectively last year.

In 2015, Otedola re-joined the list of African billionaires after a five-year hiatus, with a $1bn fortune.

The net worth of the Founder and Executive Chairman, Famfa Oil Limited, Mrs. FolorunshoAlakija, was unchanged at $1.6bn, coming in the 1,315th position, down from 1,121st last year.

This year, the number of billionaires jumped by 13 per cent to 2,043 from 1,810 in 2016, the first time ever that Forbes has pinned down more than 2,000 10-figure-fortunes.
Their total net worth rose by 18 per cent to a record $7.67tn, with the increase in the number of billionaires described as the biggest in the 31 years that Forbes has been tracking billionaires globally.

Meanwhile, Bill Gates is the number one richest for the fourth year in a row, and the richest person in the world for 18 out of the past 23 years. He has a fortune of $86bn, up from $75bn last year.

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