Saturday, April 10, 2021

Alakija steps off Forbes’ 2021 billionaires list

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Folorunso Alakija

Nigeria now has just three billionaires on the 2021 Forbes list of global billionaires, with the fall of Famfa Oil Limited Executive Vice President Folorunso Alakija.

This is the second time in a row that he has left the list.

Released on Tuesday, the new list includes Aliko Dangote, president of the Dangote group; Mike Adenuga, president of Globacom; and Abulsamad Rabiu, president of the BUA group.

In 2019, Alakija entered the Forbes list of billionaires of the world and was placed in 1941 on a list of 2,153 billionaires; with a net worth of $ 1.1 billion. The oil magnate fell off the list of global billionaires in 2020, although she still emerged as the 20th richest African billionaire in 2020.

Forbes said Alakija’s fortune fell below $ 1 billion due to lower oil prices because he is primarily engaged in oil exploration.

Dangote retained the top spot for the richest person in Africa with a net worth of $ 11.5 billion, making him the 191st richest person in the world.

It owns 85% of Dangote Cement which is publicly traded through a holding company and has shares in publicly traded salt and sugar manufacturing companies.

Adenuga, the second richest man in Nigeria, was ranked 440 among the richest in the world with a net worth of $ 6.1 billion, up from $ 5.6 billion in 2020.

Rabiu emerged as the 574th richest person in the world with an estimated fortune of $ 4.9 billion. He also holds the position of sixth richest person in Africa.

Despite the global economic impact of the coronavirus outbreak, Forbes said an additional 660 people were added to its list of 2021 billionaires.

“It has been a year like no other and we are not talking about the pandemic. There were quick public offerings, cryptocurrencies soaring, and stock prices skyrocketing, “Forbes said.

“The number of billionaires on Forbes’ 35th annual list of the world’s richest people soared to an unprecedented 2,755 – 660 more than a year ago.

“Of those, 493 were new to the list, about one every 17 hours, including 210 from China and Hong Kong. Another 250 who had fallen in the past came roaring back. A staggering 86% are richer than a year ago. “

Jeff Bezos, CEO of Amazon, remains the richest man in the world for the fourth year in a row with an estimated value of $ 177 billion, followed by Elon Musk, CEO of Tesla, in second place with $ 151 billion.

In total, the 2,755 billionaires on the 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 Macau) with 698.

Forbes said it used March 5 stock prices and exchange rates to calculate net worth.

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