Rabiu, Alakija, others in Forbes ‘Black Billionaires’ list

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Rabiu, Alakija, others in Forbes ‘Black Billionaires’ list
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Four Nigerians were listed among the 2,153 world’s richest

Aliko Dangote leads the pack with an estimated fortune of $10.9 billion, followed by Mike Adenuga whose worth is put at $9.1 billion.Oil mogul, Folorunsho Alakija trails behind Mr Rabiu with a net worth of $1.1 billion.Other investment sectors for the BUA conglomerate include real estate, steel, port concessions, manufacturing, oil gas and shipping.“Abdulsamad got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s Northern region.

Ms Alakija, who is Nigeria’s first female billionaire, is the founder of Famfa Oil, a company with substantial interest in OML 127, a lucrative oil block on the Agbami deep-water oilfield. “Alakija started off as a secretary in a Nigerian merchant bank in the 1970s, then quit her job to study fashion design in England. Upon her return, she founded a Nigerian fashion label that catered to upscale clientele, including Maryam Babangida, wife to Nigeria’s former military president Ibrahim Babangida,” Forbes wrote in an article announcing the list.

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