Florence Alakija debuted on the Forbes billionaire list in 2019
Recent report by Forbes showed that Chairman Dangote group, Aliko Dangote retained his spot as the richest man in Africa while Executive vice chairman of Famfa Oil Limited , Florence Alakija was knocked off the list the second time.
According to Forbes 35th annual list of the world’s wealthiest, Nigeria now has only three billionaires on 2021 Forbes list of world billionaires.
The three billionaires includes Aliko Dangote, chairman of Dangote group; Mike Adenuga, chairman of Globacom; and Abulsamad Rabiu, chairman of BUA group.
This is not the first time Alakija will be dropping off the list.
In 2019, Alakija made the Forbes list of world billionaires and was ranked 1,941 in a list of 2,153 billionaires; with a net worth of $1.1 billion. The oil tycoon dropped off the global billionaires’ list in 2020, although she still emerged as 20th richest African billionaire in 2020.
Forbes explained that Alakija’s fortune dropped below $1 billion due to lower oil prices because she is mainly into oil exploration.
Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.
He owns 85% of publicly-traded Dangote Cement through a holding company, and has shares in publicly-traded salt and sugar manufacturing companies.
Adenuga, Nigeria’s second richest man, was ranked 440th richest in the world with a net worth of $6.1 billion, up from $5.6bn in 2020.
Rabiu emerged as 574th richest person in the world with an estimated fortune of $4.9 billion. He also maintains the position of sixth wealthiest person in Africa.
Forbes also stated that despite the worldwide economic impact of the coronavirus outbreak an additional 660 individuals were added to its 2021 billionaires list.