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Harvard Business Review: The Mind of the Leader
ani debnath@dormant_id
Apr 02, 2009 11:12 PM, 1826 Views
(Updated Apr 03, 2009)
GLOBAL MELTDOWN AFFECTS ALL

President/CEO, Dangote Group and Dangote Oil, Alhaji Aliko Dangote, has been joined on the Forbes list of world’s richest persons by shipping magnate, Mr.Femi Otedola, who is also the President/CEO of Zenon Petroleum and Gasas well as Chairman/CEO of African Petroleum Plc.


They are the only two Nigerians among the four black people worldwide who made the list. Oprah Winfrey comes first, Aliko Dangote second, PatrickMotsepe third and Femi Otedola fourth.


Winfrey, though the richest black person, is ranked the 234 in the world, wholehearted is ranked 261 with an estimated worth of $2.5 billion and Otedola 601 with $1.2 billion.


The Forbes 2009 Rich List witnesses a dramatic reduction from last year’s1, 125 billionaires to 793, owing to the global economic meltdown which has seen shares around the world plummet to record lows and wiped off$1.4 trillion from their aggregate wealth in one year.


Microsoft founder Bill Gates is back as the world’s richest as Warren Buffet dropped to second with the stock market collapse. Gates’ fortune has however declined by $18 billion. While Gates is worth $40 billion, Buffet’s fortune has declined by $25 billion to $37 billion.


Last year, Buffet had ended Gates’ 13-year reign at the top as shares in his firm Berkshire Hathaway climbed to a record $150, 000 per share. Some billionaires of 2008 who did not make the 2009 list include former AIGchief executive Maurice “Hank” Greenberg, former Citigroup CEO SandyWeill, and Facebook founder Mark Zuckerberg.


Dangotehad, last year, for the first time emerged as the world’s richest black African with a ranking of 334 and a fortune of $3.3 billion.


This list of billionaires is based on an annual ranking of the world’s wealthiest people compiled and published by Forbesmagazine on March 11, 2009.[1] The listed net worth represents the estimated value of assets less dept as of February 13, 2009.[2] The list does not include heads of state whose wealth is tied to their position (see list of heads of government and state by net worth).The world’s wealthiest people Bill Gates Warren Buffett Carlos Slim Helú Lawrence Ellison.


YOU CAN WATCH THE DETAILS ANALYSIS OF FORBES LIST AT THE FOLLOWING URL: https://en.wikipedia.org/wiki/List_of_billionaires

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