Africa’s Billionaires: Dangote poorer by $2bn as Adenuga’s wealth increases by $3.9bn

Africa’s Billionaires: Dangote poorer by $2bn as Adenuga’s wealth increases by $3.9bn

Posted on January 9, 2019 Authornewsheadline247

BUA CEO, Abdulsamad Rabiu joins list… Africa’s richest man, Aliko Dangote retained the number one wealthiest individual in the continent for the eighth consecutive time, though, with a drop of about $2 billion in fortune. Dangote, who was valued $12.2 billion in January 2018 is listed again as number one in Africa with $10 billion

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Macron bestows Mike Adenuga with France’s highest national honour

Business News

Macron bestows Mike Adenuga with France’s highest national honour

Posted on July 5, 2018 Authornewsheadline247 Comment(0)

Emmanuel Macron, President of France has decorated Nigeria billionaire businessman, Mike Adenuga with the highest national honour of his country. The Globacom chairman, therefore, becomes the first Nigerian to be decorated with the award of Commander of the Legion of Honour in France. Macron while explaining why the French government decided to confer the country’s highest honour

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$6.7 Million Fraud! EFCC drag Globacom Chief Marketing Officer to court

BUSINESS, FEATURED

$6.7 Million Fraud! EFCC drag Globacom Chief Marketing Officer to court

April 16, 2018

The Chief Marketing Officer of Mike Adenuga’s Globacom, Ashok Israni was on Monday hauled up before an Ikeja Special Offences Court over alleged $6.7 million.

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Caught in the web again! Paradise Papers: Saraki linked to another firm in offshore tax haven

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Caught in the web again! Paradise Papers: Saraki linked to another firm in offshore tax haven
November 6, 2017



The President of the Nigerian Senate, Bukola Saraki, is in trouble again. On Sunday his name popped up in the global list of infamy exposing some leading world politicians for utilising shell companies in tax havens to either conceal assets, evade tax, or launder funds, Premium Times NG exclusively reported.
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CONTINUE READING Caught in the web again! Paradise Papers: Saraki linked to another firm in offshore tax haven

Dangote Remains Africa’s Richest as Bezos Overtakes Bill Gates July 28, 2017

Dangote Remains Africa’s Richest as Bezos Overtakes Bill Gates

July 28, 2017

The President, Dangote Group, Alhaji Aliko Dangote, saw his net worth increase by $162m to $16.2bn on Thursday, as the Founder of Amazon, Jeff Bezos, briefly overtook Microsoft’s Bill Gates to claim the title of the world’s richest person.

According to a real-time billionaires’ index compiled by Forbes, the net worth of the Chairman of Globacom, Dr. Mike Adenuga, rose by $7m to $6.2bn.

The net worth of the Founder and Executive Chairman, Famfa Oil Limited, Mrs. Folorunsho Alakija, was unchanged at $1.6bn.

Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due later on Thursday.

According to the Forbes’ index, the rise pushed the value of Bezos’s fortune to $91bn, compared with Gates’ wealth of $90bn.

But as Amazon shares fell back, Gates regained the top spot.

Their riches are calculated on the share prices of their respective companies and at the current values, Bezos’s stake is twice as big as the carmaker Ford.

Amazon shares have soared this year, making the company worth more than $500bn and boosting Bezos’s wealth, as he owns 17 per cent of the company, according to The Guardian.

He also has a number of other investments, including in Google, Uber, Twitter and airbnb, worth more than $5bn.

At the start of 2017, Bezos was ranked the fourth richest in the world, behind Gates, the investor Warren Buffett and Amancio Ortega, who founded Inditex, the company behind retailer Zara.     Punch Nigeria

Men like gods.........

F

....… Billionaire moguls and captains of industry President Buhari cannot do without

Aliko Dangote, Femi Otedola and Mike Adenuga Jnr

Nigeria, like a lovelorn bitch, lives for the adoration of deities. That is why she fetes and fortifies supermen or manmade gods with outrageous waivers and policies, as the circumstances demand. Nigeria therefore, may be illustrated by a simple dynastic arrangement into three divides: the ruling class, gods controlling the ruling class and the commoners.