Dangote drops 54 spots on Forbes 2017 Billionaires List

Dangote drops 54 spots on Forbes 2017 Billionaires List

The President of the Dangote Group, Alhaji Aliko is still Africa’s richest man — but he’s not as rich as he used to be, according to the Forbes 2017 Billionaires List published Monday.

Read also: Nigeria ranked 95th among world’s happiest countries

The magazine said his net worth declined by $3.2bn from that of last year when he was ranked 51.

As a result, Dangote position on the Forbes’ ranking dropped 54 spots as he is now ranked 105th.

However, he retained his position as Africa’s richest person as Forbes put his net worth at $12.2bn.

In the latest ranking that has telecommunication giant, Globalcom boss, Mike Adenuga on the list, the Chairman of Forte Oil, Mr. Femi Otedola; and the Chairman/Chief Executive Officer, BUA Group, AbdulsamadRabiu, were both missing.

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.

Bill Gates maintained his number one position on the list as the richest for the fourth year in a row, and the richest person in the world for 18 out of the past 23 years.

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