Rich List: Dangote, Adenuga Gain As Bill Gates Lose The Top Spot

Business magnate man Aliko Dangote, ranked by Forbes Magazine as the richest man in Africa, speaks during a send off ceremony of 250 Nigerian health workers on a mission to fight Ebola virus in affected West African countries and launch of African initiative operating under the hash tag #AfricaAgainstEbola in Lagos on December 3, 2014. Two hundred and fifty volunteer Nigerian medical corps under the auspices of the African Union Support to Ebola Outbreak in West Africa (ASEOWA) were given a send off to fight Ebola Virus Diseases in the affected three West African countries of Liberia, Sierra Leone and Guinea. The African Union, which is collaborating with the private sector to raise funds to support and strengthen the Unions response to the crises, is sending more than 1000 health workers before Christmas. AFP PHOTO/PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)
Rich List: Dangote, Adenuga Gain As Bill Gates Lose The Top Spot
Rich List: Dangote, Adenuga Gain As Bill Gates Lose The Top Spot

Rich List: Dangote, Adenuga Gain As Bill Gates Lose The Top Spot

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.

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