Mike Adenuga's net worth increased by $2.7 billion in 2016, while Dangote's decreased by $5billion | Welcome to Linda Ikeji's Blog

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Monday 2 January 2017

Mike Adenuga's net worth increased by $2.7 billion in 2016, while Dangote's decreased by $5billion

Billionaire Nigerian oil and telecom tycoon, Mike Adenuga, got richer in 2016. According to Forbes Magazine, his net worth increased $2.7 billion to $5.8 billion since December 31, 2015 and no other African billionaire added more than $1 billion to his or her net worth in the past year.

Meanwhile, Aliko Dangote, who is still the richest man in Africa has lost more than half his networth of 2014. He was worth $25billion in 2014 but worth $12.4 billion by the end of 2016...



According to Forbes
While Aliko Dangote is still Africa’s richest man by far, he’s not as rich as he used to be. In February 2014, his fortune hit an all-time high of $25 billion. Today, he’s just worth half of that. FORBES estimates that he is currently , down from $17.2 billion this time last year on the back of a Central Bank devaluation of the Naira, Nigeria’s currency, in June. Having shed $4.8 billion off his fortune within the last 12 months, Dangote is Africa’s biggest billionaire loser in dollar terms in 2016

On Mike Adenuga
"The increase in Adenuga’s net worth is largely due to new information Forbes obtained in 2016 about the value of his assets. Adenuga owns Nigerian telecom company Globacom and Nigerian oil company Conoil Producing. While Adenuga's net worth has increased since the beginning of 2016, it has dropped significantly since March 2016, when FORBES valued his fortune at $10 billion on the 2016 Billionaires List. Since then, his net worth has dropped $4.2 billion, due to the devaluation of the Nigerian Naira and the country's struggling oil sector. Adenuga was the only Nigerian billionaires whose net worth increased this year. (Aliko Dangote, the richest Nigerian and Africa's richest man, saw his fortune drop nearly 28% to $12.4 billion over the course of 2016.)"
at 1/02/2017 12:13:00 pm

24 comments:

  1. obiora2 January 2017 at 12:18

    I don't like talking about other people's billions.

    ReplyDelete
    Replies
    1. CHERYL (aka FROM GLORY to GLORY)2 January 2017 at 13:06

      When I never see enough meat chop this Xmas na im Una de count who gain and lose millions?




      Long Live LIB

      Delete
    2. Unknown2 January 2017 at 13:10

      Hmmmmmm,ok o








      Lib addict#just passing#

      Delete
    3. Unknown2 January 2017 at 13:59

      As if it changes the position of the sun. Linda take note!

      Delete
    4. Olaaliu2 January 2017 at 15:30

      Linda tell us urs😋😋😋

      Delete
    5. Akinolu2 January 2017 at 19:04

      If Adenuga claimed he gained, how come he could not pay his Indian expertraite staff that he sacked for over a year their benefits?

      Delete
    6. Anonymous2 January 2017 at 19:09

      But Andenuga is always owing his contractors, vendors, ex-staff etc. He will sack staff and refused to pay them their benefits on time until they use legal action against him. The man behaves like a lunatic sha

      Delete
    7. Anonymous2 January 2017 at 19:21

      All these billionaires that got rich from South South oil well. Going forward, only South South Indigens should have oil wells in South South. We will bomb all pipelines that are not owned by indigens. Let them go and look for oil wells in their regions. Yoruba people are very tribalistic. We South South people wan start our own tribalism too. Yes!

      Delete
  2. Unknown2 January 2017 at 12:27

    dangote really nid to restrategise

    ReplyDelete
  3. Unknown2 January 2017 at 12:28

    yimu!i wept.All these decrease and increase where e come from if not OUR OIL WELL FREEBORN HISS.
    Dangote law of karma dey wait u if u like sacrifice or nigerians through ur truck accident we don't care. DANGOTE IS A NAME NO LONGER IN A POCKET so dude u must leave African richest soon.


















    #sad indeed

    ReplyDelete
    Replies
    1. South South Pickin3 January 2017 at 14:49

      I agree with you Freeborn. Na from our oil well them enrich themselves. I cant wait for Nigeria to divide make i see how yoruba and housa wan come own oil well for South South region. Rubbish!

      Delete
  4. Unknown2 January 2017 at 12:28

    yimu!i wept.All these decrease and increase where e come from if not OUR OIL WELL FREEBORN HISS.
    Dangote law of karma dey wait u if u like sacrifice or nigerians through ur truck accident we don't care. DANGOTE IS A NAME NO LONGER IN A POCKET so dude u must leave African richest soon.


















    #sad indeed

    ReplyDelete
  5. Unknown2 January 2017 at 12:44

    NAWA O





    AUNTY LINDA 👩





    PLEASE KINDLY FOLLOW ME ON LIS @OKECHUKWU NNODUECHI

    ReplyDelete
  6. Unknown2 January 2017 at 13:09

    Whoops...With Récession, a business needs a different strategy,else it crashes! Dangote's still balling though, he only needs to restrategize to remain at the top! #owonikoko

    ReplyDelete
  7. Anonymous2 January 2017 at 14:36

    We don hear

    ReplyDelete
  8. Joyous babe,Linda ikeji first cousin2 January 2017 at 15:22

    Good for them.

    ReplyDelete
  9. Unknown2 January 2017 at 16:24

    telecomms would usually grow bigger na
    -D great anonymous now as Vivian Reginalds

    ReplyDelete
  10. Unknown2 January 2017 at 16:28

    His son should come and change my life pls...

    ReplyDelete
  11. Unknown2 January 2017 at 16:52

    a.k.a EDWIN CHINEDU AZUBUKO said...
    .
    Billion upon billion is all am hearing.... Serious magana shah....
    .
    .
    ***CURRENTLY IN JUPITER***

    ReplyDelete
  12. Anonymous2 January 2017 at 17:05

    There is nothing to CRY OVER!!!
    When UNION BANK FAILED, it restratagised!!!
    That is how it is in BUSINESS!!!
    HOWEVER, go to the ACCOUNTS OF GOVERNMENT WORKERS, even with recession!!!
    Where did they get the money from???
    Money Doubling???
    So it has been to other billionaires in other COUNTRIES!!!

    ReplyDelete
  13. Unknown2 January 2017 at 18:22

    Hmmm. I will be on that list one day

    ReplyDelete
  14. Etim Etim Samuel3 January 2017 at 00:08

    GOVERNMENT MADE BILLIONNAIRES

    ReplyDelete
  15. Emmanuel Ayeni3 January 2017 at 01:39

    Africa needs to create more billionaires, we need more value creators and strategic systems builders, Linda is doing a great job and might become Nigeria's newest billionaire soon, I am coming up, guys let's do it!

    ReplyDelete
    Replies
    1. Urhobo3 January 2017 at 14:52

      How can Nigeria create more billionaires when there is a cabal that controls the oil in Nigeria. They dont want any other person to be rich. This country need to divide abeg

      Delete

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

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