The Billionaire Who Bounced Back! Femi Otedola Covers Forbes Africa’s New Issue

 
Nigerian oil tycoon Femi Otedola, who reportedly became at least $398 million richer between March 3 and June 2 this year, is on the cover of Forbes Africa‘s November 2014 issue.

Forbes Africa Magazine describes Femi Otedela as ‘The Billionaire Who Bounced Back’ and he covers the magazine wearing his signature white Nigerian traditional attire.

Inside the November 2014 issue of Forbes is also a look into one of Africa’s trending vacation spot – Mauritius.

Credit:
Platform : Forbes Africa
Interviewer : Abisola Owolawi
Article : Abisola Owolawi & Tolu Ogunlesi

Hip-Hop's Wealthiest Artists 2014(Forbes)

Forbes has released their top five richest hiphop stars and the pack is lead by Pdiddy who is worth of $700 million with an increase of $120 million over his net worth last year..

Sean "Diddy" Combs -$700 Million
Andre "Dr. Dre" Young" - $550 Million
Shawn “Jay Z” Carter -$ 520 Million
Bryan “Birdman" Williams
Curtis "50 Cent"Jackson -$140 Million

-Dr Dre-The large chunk of his income comes from Beats By Dr. Dre with annual sales reportedly in excess of $1 billion and growing

-Jayz's recent growth comes from Roc Nation, his record label and management firm that recently added a sports agency.

-Birdman's net worth would be over $300 million if he didn't share his fortune with brother Ronald “Slim”.They founded Cash Money Records two decades ago signing artists like Drake, Nicki Minaj and Lil WayneWilliams

-50 Cent, owes most of his fortune to his $100 million haul from the sale of Vitaminwater in 2007

OMG!: You Won't Believe How Much This Nigerian Businessman, Tony Elumelu Makes

Forbes Africa has revealed the amount Nigerian Businessman and former MD of United Bank for Africa (UBA), Tony Elumelu makes.
According to the reports, the chairman of Heirs Holdings made $123million in just three weeks
See Forbes report below:
It’s just paper gains, but it counts. Nigerian banker Tony O. Elumelu has become at least $123 million richer between November 1 and November 21 as shares of Transcorp PLC, a Nigerian-Stock Exchange-listed conglomerate, surged 186% in that period.
Transnational Corporation Of Nigeria, usually referred to as Transcorp, is an emerging conglomerate holding investments in hotels, power and agriculture. On November 1, the company’s stock was trading at N1.87 ($0.01), and at the close of trading today (Thursday), the stock was trading at N5.35 ($5.35). According to an analyst who did not want to be quoted, there has been an unprecedented demand for Transcorp’s shares at the bourse on account of the company’s recent acquisition of the Ughelli Power plant, a strategic power generation company that the government recently sold in a privatization exercise.
Transcorp PLC, under Elumelu’s leadership, acquired the plant for $300 million. Transcorp officially took over the plant on November 1. Investors are scrambling for the stock in anticipation of the long-term impact the new acquisition will likely have on Transcorp’s financial results.