Dangote, Richest African in The World - Forbes

Aliko Dangote

The Forbes Magazine has declared Aliko Dangote as the world’s richest African in the world, just as the world’s richest black woman, Folorunsho Alakija, is conspicuously missing in the magazine ranking of the 21 richest Nigerians.

Alakija, an oil tycoon and fashion designer, reportedly worth at least $3.2 billion edged out African American Oprah Winfrey, worth more than $2.7 billion, in Forbes 2012 list of richest black people. 

However, Forbes said the value of shares held in quoted companies, size and market share of their companies, number of companies they own and its assumed value and the impact of the companies on the Nigerian economy were the yardstick used in compiling the new list.

Full list of the richest 21 are Aliko Dangote, founder of Dangote Group, richest man in Africa and richest black man in the world; Mike Adenuga, Conoil, Equitorial Trust Bank, Globacom; Femi Otedola, Zenon Oil and Gas; Orji Uzor Kalu, Slok Group; Cosmos Maduka, Coscharis Group; Jimoh Ibrahim, Nicon Insurance, Global Fleet; Jim Ovia, Zenith Bank, Visafone; Pascal Dozie, MTN Nigeria, Diamond Bank; Oba Otudeko, Honeywell Group Nigeria; Sayyu Dantata, MRS Group.