Mike Adenuga Beats Aliko Dangote on Yearly Net worth with the Increase of $2.7 Billion

A Nigerian Billionaire 'Mike Adenuga' was recorded  by Forbes Magazine to have earned an increase of $2.7 billion to $5.8 billion in his net worth after the 2016 round up of his income on December 31. According to Forbes, they said no other African billionaire added more than $1 billion to his or her net worth.

Mike Adenuga has been making real cash from Nigerian Oil and also a Telecom Tycoon.

Aliko Dangote , The African richest man is a well Nigerian who has been making money from so many diversity of money growing businesses. Has many industries in different state in Nigeria producing so many things and earns alot from it but was not able to make a profit such as the level Mike Adenuga last year rather he decreased. Aliko was recorded to have decreased by $5 billion. He worth $25 billion in the year 2014 but after 2016 round up he worth $12.4 billion. The fact still remain despite his loss he was still ranked as the richest in Africa and still unbeaten.

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.)"