Forbes has released its comprehensive list of world's billionaires for 2023. The list, which came out Tuesday, April 4th, with 2460 individual billionaires globally, has a couple of surprises. This is more so since the last year has been full of falling stocks, wounded unicorns and rising interest rates which translated into a down year for many of the world's richest people. The 25 richest people in the world are worth a collective $2.1 trillion, down a combined $200 billion from $2.3 trillion in 2022.
Luxury goods tycoon Bernard Arnault‘s net worth surged by $53 billion to $211billion dollars since last year, a bigger gain than anyone on the planet, to climb to the number one spot for the first time ever on the rise of share in his company, LVMH. Former world’s richest man, Elon Musk, slipped to second position after his worth reduced by $39billion due to his purchase of social messaging g app, Twitter.
One
of the surprises however is the rise of BUA Group chairman Abdul Samad Rabiu.
From 7.6Billion Dollars a few months ago, the Billionaire businessman and
philanthropist's rating in Forbes billionaires list has again shot up towering
many to become the 249th richest person in the world and closing in on
overtaking the third richest man in Africa, Nicky Oppenheimer who stands at
8.4billion Dollars. Rabiu's latest worth is put at 8.2billion dollars. From
1.6billion Dollars in 2019, Forbes recorded that by 2022 his net worth was at
6.9billion dollars and from there has jumped to 8.2billion Dollars in April 2023.
62-year
old Abdul Samad Rabiu is essentially into cement and sugar as well as real
estate and is building sub-saharan Africa’s second largest refinery and
petrochemicals plant in Akwa Ibom, Nigeria.
Meanwhile
Aliko Dangote has retained his position as the wealthiest person of African
descent in th e world. After climbing to 14billion Dollars in 2022, his wealth
is estimated to be around 14.2billion Dollars as at the reports released on
Tuesday April 4, 2023.
He
is presently the 125th richest man in the world and he is easily the largest
cement producer in Africa. He also has his hands in other businesses including
pastries, sugar and other areas of manufacturing.
For
Mike Adenuga, the third Nigerian on the African billionaire's list, business
has not been cosy. He dropped from 7.3billion Dollars in 2022 to 6.1billion
dollars. The last couple of years have seen him move up and down the
wealthiest' scale. He's now the 418th richest in the world at 58.
These
are the only three Nigerians that made the list.
One
other surprise name on the list however is 90-yr old Nathan Kirsh from tiny
African Country of Swaziland. He is said to worth 6.5billion dollars, thus
becoming the 6th ranked African billionaire, now above Mike Adenuga. He is
believed to be into real estate retail and fashion.
It
was the first time he would be featured as an African billionaire.
Methodology:
According to Forbes, their 'World’s Billionaires list is a snapshot of wealth
using stock prices and exchange rates from March 10, 2023. Some people become
richer or poorer within days of publication. We list individuals rather than
multigenerational families who share fortunes, though we include wealth
belonging to a billionaire’s spouse and children if that person is the founder
of the fortune'.
'For
non-founders, we previously listed couples and family members together in
certain cases; this year, we separated these shared fortunes into individual
list members, marked “split family fortune.” For Russian billionaires, fortunes
were calculated using ownership structures from February 2022, prior to
Russia’s invasion of Ukraine and before many made transfers of assets to
managers, friends and others in an effort to protect their holdings from
sanctions'.
'We
value a variety of assets, including private companies, real estate, art and
more. We don’t pretend to know each billionaire’s private balance sheet (though
some provide it). When documentation isn’t supplied or available, we discount
fortunes'.
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