The hotel and lodging industry is lucrative enough to have created some of the heaviest financial hitters the world has ever seen. Generally, Otedola has so many other businesses that fetch him huge amounts of money, which has helped him rank as the fourth richest man in Nigeria. Abdul Samad Rabiu is the founder of a Nigerian conglomerate business, BUA group that engages in cement production, food products such as Flour & Pasta, Sugar, Edible Oils and Rice, ports, iron/steel and real estate. Abdulsamad Rabiu is the third richest man on the top 5 richest people list of top richest men and women in Nigeria, with a net worth of 4.7 billion US dollars. Many of Norway’s biggest businesses and wealthiest people have taken a financial hit during the pandemic. His wealth comes from Agrofert, a giant conglomerate operating more than 200 companies in agriculture, energy or media, to name only a few. In 2013, he launched the ANO political movement, giving up daily management of Agrofert, before moving his ownership of the company into a trust to comply with new anti conflict of interest legislation.

Bola Shagaya is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking, and photography. The 9th richest man on our list of top richest men and women in Nigeria is Jim James Ovia.

When no one can even comprehend your wealth, that means you’re pretty darned rich. Some tales of his famous pilgrimage to Mecca—during which Musa’s spending was so lavish that it caused a currency crisis in Egypt—mention dozens of camels each carrying hundreds of pounds of gold. While that money didn’t belong directly to Stalin, he had the ability to leverage Soviet economic might for any reason he chose. The same economic share in 2014 would be equivalent to $341 billion. The nephew of William the Conqueror, Rufus joined his uncle in the Norman conquest.

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When the Beanie Baby craze reached full force in the 1990s, Ty Inc. was making $700 million a year in profits. Warner used his substantial earnings to invest in hotels, purchasing the Four Seasons Hotel in New York for $275 million.

China had 319 , Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. In 2006 he pledged to give away 99% of his fortune and so far has given away $45 million.

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The Global Fleet Group has been a superb source of income for Jimoh Ibrahim, helping him be among the top richest men and women in Nigeria. Dozie was the General Managing Director and CEO of Diamond bank, which merged with Access Bank in 2018. The banking business has helped him earn a lot as he became the 6th richest man in Nigeria. His other sources of income that have helped increase his net worth are his oil refinery, sugar refinery, salt refinery, and fertilizer company, all under the Dangote group of company. The famous businessman owns over 85% of the publicly-traded Dangote’s Cement in the Dangote Group of Company. The Dangote Cement produces up to 45.6 million metric tons annually in over 10 African counties. Dangote’s primary income source that increased his net worth is mainly his cement industry, part of the Dangote Company Group.

Money’s Top Picks Best Personal Loans Over 170 hours of research determined the best personal loan lenders. Pet Insurance Best Pet Insurance Companies Get transparent information on what to expect with each pet insurance company. This Roman statesman had fingers in many pies, the most lucrative being property he had confiscated or bought at knock-down prices while it burned. Having profited from these “public calamities”, his fortune was estimated at 200 million sesterces. It was reported that after his death in battle, his opponent punished his greed by filling his mouth with molten gold. 9.Steve Ballmer, former CEO of Microsoft, is worth $91.4 billion.

Nigerian billionaires improved their ranking in the latest Forbes World’s Billionaire List 2022, which compiles the fortunes of the richest people in the world. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list. A record total of 1,226 people made the 2012 list, representing 58 countries. The United States had the greatest number of billionaires with 425. Falling stock prices in Asia contributed to 117 former billionaires falling from the list worldwide. A total of 1,645 people made the 2014 billionaire list, representing a combined wealth of $6.4 trillion.

The 10 Richest People in the World

Mike Adenuga, Nigeria’s second richest man, grew his wealth from $6.1 billion to $7.3 billion. Africa’s richest man Aliko Dangote saw his wealth increase from $11.5 billion in 2021 to $14 billion in 2022. Over the past year his wealth has plummeted from $65.8 billion to $37.2 billion — still a lot of money, but he no longer makes Forbes’ list.

The chain began in Trondheim and now covers the entire country, as well as several other countries in northern Europe. With a net worth estimated at 1.4 billion dollars, Pavel Baudis ranks as the 1.605th richest man in the world. He ranks as the 715th richest man in the world with a fortune of 3.1 billion dollars. After building a fortune with his family during the Czech Republic’s privatization process in the 1990’s, Karel Komarek formed the KKCG conglomerate. Here is the last wealthy person in this list but he is not the least one. He is eldest one in three brothers and owns the Saigol Group and Kohinoor-Maple group..

Mark Zuckerberg

“There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago. Elon Musk, with a fortune of $203 billion, is the richest person on the planet.

Last year alone, Google generated $209.49 billion in total ad revenue. Bill Gates was a tech-whiz kid growing up, having designed his first software program at age 13. What wasn’t known then was that he would go on to become a co-founder of Microsoft, the largest computer software company in the world. Microsoft was first founded in 1975, but Gates decided to step down as CEO in 2000. Following his tremendous success, Bezos stepped away from the company but still holds a 10% stake in it.

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He also is the 8th richest man in Nigeria, with a net worth of $980 million. Sources have it that he made a lot of money from conducting the seminars across all local governments in Nigeria. He also organized several workshops in his field for top government officials; it earned him good money and helped him become the 7th richest person in Nigeria. He was the former chairman of Forte Oil, which deals with oil marketing and power generation in Nigeria, a sector that has earned him so much money that he has become one of the richest men in Nigeria. Nigeria is blessed with business-invested men; here is a list of the top 10 richest men and women in Nigeria for 2020 with their varying net worth and sources of wealth.

Warren Buffett is once again one of the five richest people in the world. Also on the list are co-founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss, each with a net worth of $4 billion. Like their rival, Mark Zuckerberg, they have their sights on building a metaverse. As a result of the market crash caused by the Dot-com bubble, 83 billionaires dropped off the list from the previous year. Free cash used by consumers from home equity extraction, known as the real estate bubble created a total of nearly $5 trillion in 2005, contributing to economic growth worldwide.

Top 5 Richest Hotel Moguls and How They Got There

Jeff Bezos is the second richest person in the world, with an estimated net worth of $171 billion. Gautam Adani, the founder of Adani Group, surpassed Mukesh Ambani in March 2022 as the richest person in Asia.

During his trip he stopped in Cairo, where he reportedly injected so much gold into the local economy that the metal’s value dropped throughout Egypt, earning him his reputation as the richest man of all time. 5.Warren Buffet, one of the most successful investors of all time, has a net worth of $118 billion. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. While the total number of billionaires fell, 40% of those who remained got richer. In November, the Adani Group committed to invest $70bn by 2030 across its green-energy value chain to become the world’s largest renewable energy producer. Mark Zuckerberg, the Facebook founder, saw his fortune shrink by $54.1 billion.

Adani dropped out of college and previously worked in the diamond trade. Now, Adani has the largest port operator, closely-held thermal coal producer, and coal trader in India. In 2020, he purchased a 74% stake in the second-busiest airport in India, Mumbai International Airport.

• These include white papers, government data, original reporting, and interviews with industry experts.
• Abdul Samad Rabiu is a Nigerian billionaire, entrepreneur and seasoned industrialist well known for his expertise in commodity trading.
• Businessman and investor Stein Erik Hagen is worth an estimated NOK 33 billion.
• The French billionaire, the third richest man in the world by virtue of his position as CEO of LVMH Moët Hennessy Louis Vuitton SE, has seen his wealth decline by $52.2 billion this year.
• He ventured into business selling different commodities as a young man when he borrowed money from his mum after his explosion from school.

Throughout her career, she has written and edited content for numerous consumer magazines and websites, crafted resumes and social media content for business owners, and created collateral for academia and nonprofits. Kirsten is also the founder and director of Your Best Edit; find her on LinkedIn and Facebook. In addition to his 25% stake in Tesla, Musk owns several other revolutionary businesses including SpaceX, Neuralink and The Boring Company. Following on from his multiple successes, he is currently in a deal to purchase the social media giant, Twitter in an all-cash transaction expected to be worth $44 billion. Femi Otedola is the fourth richest man on the list of the top richest men and women in Nigeria, with a net worth of $1.8 billion. Femi Otedola is a Nigerian businessman born on November 4th, 1962. With an estimated worth of 1.4 billion dollars, energy and real estate investor Pavel Tykac is the 1.605th richest man on the planet.

Top 10 Richest People in the World

His primary source of wealth is Cement and Sugar; producing food items and building materials. His company’s products include Dangote Pasta, Sugar, Flour, Salt, and Cement.

He is the chairman of Hashoo Group, and well known of his Marriott Hotel franchise which is been a great achievement for Hashoo Group. Hasho Group has founded the famous hotels like Marriott and Pearl Continental Hotels He is ranked as the 6th richest person in Pakistan. Mark Zuckerberg ($62.3 billion) – The Facebook co-founder and CEO is the face of the company and owns about a 15% stake. Mansa Musa, the king of Timbuktu, is often referred to as the wealthiest person in history. According to Ferrum College history professor Richard Smith, Musa’s west African kingdom was likely the largest producer of gold in the world—at a time which gold was in especially high demand.

Of those, a record 268 were newcomers, surpassing 2008’s 226 newcomers. Approximately 66 percent of the list were self-made, https://www.bookstime.com/ 13 percent achieved their wealth through inheritance alone, and 21 percent through a mixture of the two.

“They’re worth a collective $12.7 trillion—$400 billion less than in 2021. But we have also decided to curate the list of our top 5 for the year. Abdulsamad Rabiu, the third Nigerian on the list, also saw his fortunes improve from $4.9 billion to $6.9 billion. Brin and fellow billionaire Larry Page co-founded Google in 1998, while the two were Ph.D. students at Stanford.

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