Wealth of Dangote, Rabiu, Adenuga growing N8.19m per minute in 2023

Forbes has revealed that the combined net worth of the trio of Nigerian billionaires -Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga, has been growing at a rate of N8.19 million per minute since the start of 2023.

According to the magazine, the growth in wealth is fueled by the success of their various business ventures, which span industries such as cement, sugar, telecoms, and oil.

The three of them had a combined wealth of N28.4 billion at the end of Monday, March 23, 2023. This represents a N2.9 billion increase compared to the N26.2 billion their wealth stood at as of the start of the year (Sunday, January 1, 2023).

This means that from January to March, the three Nigerian billionaires made N8.19 million per minute, N646.8 million ($1.4 million) per hour, and N15.52 billion ($33.72 million) per day.

Additionally, they made N111.26 billion ($241.6 million) per week in the 12 weeks of that period, and N445.05 billion ($966 million) per month.

Aliko Dangote Aliko Dangote remains unchallenged at the top as he shows no signs of slowing down anytime soon.

In the last three months, Dangote has made $1.6 billion (N736.64bn), pushing his net worth to $14.1 billion from $12.5 billion as of January 1, 2023, according to Forbes data.

Dangote’s three months’ new wealth represents 86 per cent of the 2.84 billion earned by the three richest men in Nigeria.

A breakdown of Dangote’s N736.64 billion shows that his wealth is growing at a rate of N8.56 billion per day, N6.01 million per minute, N360.78 million per hour, and N61.38 billion per week.

Rabiu Abdulsamad Rabiu, the chairman of BUA Group, is currently the second-richest man in Nigeria, with $8.2 billion as of March 27, 2023. Compared to $8 billion at the start of the year, his wealth increased by $200 million (N92 billion) in the last three months.

Mike Adenuga, who built his fortune in telecom and oil production, started in 2023 with a net worth of $5.7 billion. As of March 28, Adenuga’s fortune has increased by $400 million (N184.16bn) to $6.1 billion.