Business magnate, Alhaji Aliko Dangote and 11 other Nigerians have made the Forbes Africa 40 richest list. Alhaji Dangote topped the list with a net worth of $12 billion from $10.1 billion in November 2011. According to the Forbes report, this networth is measured from the popular product, Dangote cement which operates in over 14 African countries.

Other Nigerians who make the list include Mike Adenuga of Globacom, with a  net worth of $4.6 billion from telecoms and oil, Jim Ovia with a net worth of $825 million, Abdulsamad Rabiu, who heads the BUA Group, top fashion designer, Chief (Mrs) Folorunsho Alakija, General Theophilus Danjuma, Honey Well Group founder, Oba Otudeko, Mohammed Indimi, O.B. Lulu-Briggs, one-time ambassador to Zimbabwe, Sani Bello, and finally Hakeem Belo-Osagie, the 57-year-old Harvard-trained petroleum economist.