Otedola, Dangote Make Forbes Billonaire's Lists

President/CEO, Dangote Group and Dangote Oil, Alhaji Aliko Dangote, has been joined on the Forbes list of world’s richest persons by shipping magnate, Mr. Femi Otedola, who is also the President/CEO of Zenon Petroleum and Gas as well as Chairman/CEO of African Petroleum Plc.


They are the only two Nigerians among the four black people worldwide who made the list. Oprah Winfrey comes first, Aliko Dangote second, Patrick Motsepe third and Femi Otedola fourth.

Winfrey, though the richest black person, is ranked the 234 in the world, while Dangote is ranked 261 with an estimated worth of $2.5 billion and Otedola 601 with $1.2 billion.

The Forbes 2009 Rich List witnesses a dramatic reduction from last year’s 1,125 billionaires to 793, owing to the global economic meltdown which has seen shares around the world plummet to record lows and wiped off $1.4 trillion from their aggregate wealth in one year.


Mircrosoft founder Bill Gates is back as the world’s richest as Warren Buffet dropped to second with the stock market collapse. Gates’ fortune has however declined by $18 billion.

While Gates is worth $40 billion, Buffet’s fortune has declined by $25 billion to $37 billion.

Last year, Buffet had ended Gates’ 13-year reign at the top as shares in his firm Berkshire Hathaway climbed to a record $150,000 per share.

Some billionaires of 2008 who did not make the 2009 list include former AIG chief executive Maurice “Hank” Greenberg, former Citigroup CEO Sandy Weill, and Facebook founder Mark Zuckerberg.

Dangote had, last year, for the first time emerged as the world’s richest black African with a ranking of 334 and a fortune of $3.3 billion.


Source – thisdayonline

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