Mike Adenuga
Two Nigerians, Alhaji Aliko Dangote and telecoms Magnate, Mike Adenuga emerged as the two richest individuals in the continent in a list released by American business magazine, Forbes. Dangote with a net value of 13.8 billion dollars made the list as the 51st richest man in the world while Adenuga, whose total assets was put at about 2 billion dollars shared the 556th with some businessmen. While Dangote was listed as having made his fortunes from sugar, flour and cement trading, Adenuga was curiously listed as having made his fortune from banking. This is curious because even though Adenuga owns a bank, Equitorial Trust Bank, his major business is in telecommunications. Another telecoms magnate, Carlos Slim Helu, a Mexican and his family are regarded as the richest man in the world with a total net worth of about $74 Billion while Microsoft founder and chief Operating Officer, Bill Gates is second on the list with total assets valued at $56 Billion. Another American, Warren Buffet, whose assets were valued at $50 billion who was fifth last year dislodged Frenchman Bernard Arnault ($41b) from the third position. Arnault came fourth while another American and Oracle founder, Larry Ellison ($39.5b) was a close fifth. In all 32 Americans were in the first 100 list while about 6 Indians also made the cut. The Russian society is definitely benefitting from the adopted democratic political structure as about 14 Russians were also in the first 100. They overtake the Saudis who could only produce 2 solitary members of the elite 100 group. Prominent international figures who made the 100 1 cut include oil magnate and football team owner, Abramovic of Chelsea FC fame with total asset base of $13.4 billion came about three steps behind Nigeria’s Dangote at 53rd position. Supermarket tycoon, Christy Watson and family who have always hovered around the first three spots for the past ten years is in distant 10th position with a consolidated asset base of $26.5billion. Four siblings of Christy Walton were also placed at the top echelon of moneybags in the world with Jim, Alice , Robson and another unidentified family member in the group. Nigeria has always led the continent in the list of money bags since 1959 when Dehinde Anthonio Fernandez, was pronounced as the richest black man in the United States by the much respected Ebony magazine.
In 2001, US –based Harry Akande was listed by Forbes as the sixth richest man in the world.Also in 2009, Chief Femi Otedola, an oil magnate made the forbes list.
Rank Name Net Worth Age Source of Money Country of Citizenship
1 Carlos Slim Helu & family $74 B 71 telecom Mexico
2 Bill Gates $56 B 55 Microsoft United States
3 Warren Buffett $50 B 80 Berkshire Hathaway United States
4 Bernard Arnault $41 B 62 LVMH France
5 Larry Ellison $39.5 B 66 Oracle United States
6 Lakshmi Mittal $31.1 B 60 Steel India
7 Amancio Ortega $31 B 74 Zara Spain
8 Eike Batista $30 B 54 mining, oil Brazil
9 Mukesh Ambani $27 B 53 petrochemicals, oil & gas India
10 Christy Walton & family $26.5 B 56 Walmart United States
11 Li Ka-shing $26 B 82 Diversified Hong Kong
12 Karl Albrecht $25.5 B 91 Aldi Germany
13 Stefan Persson $24.5 B 63 H&M Sweden
14 Vladimir Lisin $24 B 54 Steel Russia
15 Liliane Bettencourt $23.5 B 88 L’Oreal France
16 Sheldon Adelson $23.3 B 77 casinos United States
17 David Thomson & family $23 B 53 media Canada
18 Charles Koch $22 B 75 Diversified United States
18 David Koch $22 B 70 Diversified United States
20 Jim Walton $21.3 B 63 Walmart United States
21 Alice Walton $21.2 B 61 Walmart United States
22 S. Robson Walton $21 B 67 Walmart United States
23 Kwok Thomas & Raymond & family $20 B N/A real estate Hong Kong
24 Larry Page $19.8 B 37 Google United States
24 Sergey Brin $19.8 B 37 Google United States
26 Prince Alwaleed Bin Talal Alsaud $19.6 B 56 Investments Saudi Arabia
27 Iris Fontbona & family $19.2 B N/A Mining Chile
28 Lee Shau Kee $19 B 83 real estate Hong Kong
29 Alexei Mordashov $18.5 B 45 Steel Russia
30 Michael Bloomberg $18.1 B 69 Bloomberg United States
30 Jeff Bezos $18.1 B 47 Amazon United States
32 Michele Ferrero & family $18 B 84 chocolates Italy
32 Mikhail Prokhorov $18 B 45 Investments Russia
34 Vladimir Potanin $17.8 B 50 nonferrous metals Russia
35 Alisher Usmanov $17.7 B 57 steel, telecom, stocks Russia
36 Azim Premji $16.8 B 65 Software India
36 Oleg Deripaska $16.8 B 43 aluminum Russia
38 Michael Otto & family $16.6 B 67 Retail Germany
39 German Larrea Mota Velasco & family $16 B 57 Mining Mexico
39 Rinat Akhmetov $16 B 44 steel, coal mines Ukraine
39 John Paulson $16 B 55 hedge funds United States
42 Shashi & Ravi Ruia $15.8 B 67 Diversified India
43 Mikhail Fridman $15.1 B 46 oil, banking, telecom Russia
44 Michael Dell $14.6 B 46 Dell United States
44 Susanne Klatten $14.6 B 48 BMW, pharmaceuticals Germany
46 Steve Ballmer $14.5 B 54 Microsoft United States
46 George Soros $14.5 B 80 hedge funds United States
48 Berthold & Theo Jr. Albrecht & family $14.4 B N/A Aldi, Trader Joes Germany
49 Birgit Rausing & family $14 B 87 packaging Sweden
50 Vagit Alekperov $13.9 B 60 Lukoil Russia
51 Aliko Dangote $13.8 B 53 sugar, flour, cement Nigeria
52 Mark Zuckerberg $13.5 B 26 Facebook United States
53 Anne Cox Chambers $13.4 B 91 Cox Enterprises United States
53 Roman Abramovich $13.4 B 44 steel, investments Russia
55 Jorge Paulo Lemann $13.3 B 71 beer Brazil
56 Savitri Jindal & family $13.2 B 60 Steel India
57 Gerald Cavendish Grosvenor & family $13 B 59 real estate United Kingdom
57 Paul Allen $13 B 58 Microsoft, investments United States
57 Viktor Vekselberg $13 B 53 oil, metals Russia
60 Phil Knight $12.7 B 73 Nike United States
61 Robert Kuok $12.5 B 87 Diversified Malaysia
61 Carl Icahn $12.5 B 75 leveraged buyouts United States
63 Mohammed Al Amoudi $12.3 B 66 oil Saudi Arabia
64 Donald Bren $12 B 78 real estate United States
64 Ron Perelman $12 B 68 leveraged buyouts United States
66 Alberto Bailleres Gonzalez & family $11.9 B 79 Mining Mexico
67 Francois Pinault & family $11.5 B 74 Retail France
68 Joseph Safra $11.4 B 72 banking Brazil
69 Abigail Johnson $11.3 B 49 Fidelity United States
70 Viktor Rashnikov $11.2 B 62 Steel Russia
71 Leonardo Del Vecchio $11 B 75 eyewear Italy
72 John Fredriksen $10.7 B 66 shipping Cyprus
72 Stefan Quandt $10.7 B 44 BMW Germany
74 James Simons $10.6 B 72 hedge funds United States
75 Luis Carlos Sarmiento $10.5 B 78 banking Colombia
75 Horst Paulmann & family $10.5 B 76 Retail Chile
77 Nasser Al-Kharafi & family $10.4 B 67 construction Kuwait
77 Eliodoro, Bernardo & Patricia Matte $10.4 B N/A paper Chile
79 Sammy Ofer & family $10.3 B 89 shipping Israel
80 Len Blavatnik $10.1 B 53 Access Industries United States
81 Hans Rausing $10 B 84 packaging Sweden
81 Ernesto Bertarelli & family $10 B 45 biotech Switzerland
81 John Mars $10 B 74 candy, pet food United States
81 Jacqueline Mars $10 B 71 candy, pet food United States
81 Forrest Mars $10 B 79 candy, pet food United States
81 Klaus-Michael Kuhne $10 B 73 shipping Germany
81 Gautam Adani $10 B 48 commodities, infrastructure India
88 Iskander Makhmudov $9.9 B 47 mining, metals, machinery Russia
89 Johanna Quandt $9.8 B 84 BMW Germany
89 George Kaiser $9.8 B 68 oil & gas, banking United States
89 Maria-Elisabeth & Georg Schaeffler $9.8 B N/A ball bearings Germany
92 German Khan $9.6 B 49 oil, banking, telecom Russia
93 Ananda Krishnan $9.5 B 72 telecom Malaysia
93 Dmitry Rybolovlev $9.5 B 44 fertilizer Russia
95 Robin Li $9.4 B 42 Internet China
96 Serge Dassault & family $9.3 B 85 aviation France
97 Kumar Birla $9.2 B 43 commodities India
97 Petr Kellner $9.2 B 46 insurance Czech Republic
99 Leonid Mikhelson $9.1 B 55 Natural gas Russia
100 Cheng Yu- tung $9 B 85 real estate Hong Kong
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October 13th, 2011 at 10:58 pm
it is very surprising that forbes mag can come out with an outright incorrect and unresearch fact about mike adenuga’s wealth as we all know that He is richer Aluko dangote in all areas.Adenuga no doubt should be among 20th most richest in the world if only to judge him by Globacom alone.He is no doubt the richest in Africa
November 18th, 2011 at 2:20 pm
i have a very strong reason to disagree that aliko dangote is richer than mike adenuga.one major reason is that mike’s investment particularly in the telecom and oil and gas were not properly investigated rather forbe’s finding was based on the banking interest of adenuga at etb.Adenuga also has interest in properties that can not be push aside