FORBES RANKS DANGOTE 23RD RICHEST IN THE WORLD

Nigeria’s foremost industrialist and richest man, Alhaji Aliko Dangote, made history by becoming the first black man to break into the rank of top 25 richest people in the world.

The Kano state born business magnates wealth jumped from $20.8bn in November 2013 to $25bn as of Monday.

Aliko Dangote, who was ranked as the 43rd richest last year, has now jumped 20 spots to become the 23rd richest in the world and still the richest in not only Nigeria, but Africa as a whole.

His closest competitor the founder of Globacom, Mike Adenuga upped his worth from last year by $100m, going from $4.6bn to $4.7bn and retained his rank as 5th in Africa and is 325th in the world.

Mrs. Folorunsho Alakija, the Executive Vice Chairman, Famfa Oil Limited, retained her position as the world’s richest black woman and the 687th in the world with a fortune of $2.5bn; while the Chairman/Chief Executive Officer, BUA Group of Companies, Alhaji Abdulsamad Rabiu, was ranked 1372th in the world with $1.2bn.

The former Chairman of Microsoft Corporation, Bill Gates, made a comeback after a four-year hiatus, reclaiming the title of the world’s richest person from telecoms mogul, Carlos Slim Helu of Mexico, who ranked number one for the past four years.

Gates, whose fortune rose by $9bn in the past year, has held the top spot for 15 of the past 20 years.

Spanish clothing retailer, Amancio Ortega, best known for the Zara fashion chain, retains the No. 3 spot for the second year in a row, extending his lead over Warren Buffett, who is again in the fourth position.

The year’s biggest dollar gainer was the Facebook’s founder, Mark Zuckerberg, whose fortune jumped by $15.2bn to $28.5bn, as shares of his social network soared.

Also, thanks to a $19bn deal (including restricted stock) with Facebook; WhatsApp founders, Jan Koum and Brian Acton, join the ranks of Silicon Valley’s wealthiest for the first time.

They are two of 26 newcomers whose fortunes come from technology; 10 of whom are American, including Dropbox CEO, Drew Houston, and Workday cofounder, Aneel Bhusri.

The United States once again leads the world with 492 billionaires as a result of the technology boom and strong stock market, followed by China with 152 and Russia with 111. But wealth is spreading to new places.

For the first time in the history of the Forbes rating, billionaires were found in Algeria with Issad Rebrab, who is into food business with $3.2bn worth of fortune; Rostam Azizi from Tanzania with $1bn; and Sudhir Ruparelia from Uganda with $1.1bn.