Billionaires are fond of investing in sports franchises. This is because there is a lot of money in it and the income stream is pretty consistent. Authoritative wealth watch magazine, Forbes yesterday released its official list of the most valuable clubs in the world.
It also gave a summary of the business side of the football world which we found quite interesting.
Nairametrics did a thorough review of the list and highlighted the parts which we believe will resonate well with our readers. Let’s get to it!
Top 10 richest clubs in 2021 by value
Tottenham (2.3bn)
Tottenham hotspur comes in at the 10th position with a valuation of $2.3bn. The English club is owned by Joseph Lewis and Daniel Levy. They generated $494m last year.
Indonesia may cut reliance on LPG imports by 2030 on dimethyl ether output plans
Indonesia may no longer require to import LPG from 2030 as the country will likely be able to produce enough dimethyl ether, or DME, a substitute source for the fuel, a senior government official said in a parliamentary hearing in the week of Jan. 17.
This is the latest move by Indonesia, the fourth largest LPG importer in Asia, to reduce dependence on costly LPG imports which took up Rupiah 50.6 trillion ($3.6 billion) in subsidies, after a plan to further develop its nationwide pipeline network to supply natural gas to thousands of households across several provinces in the west to the east.
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Published 23 January 2021
The list of Africa’s billionaires is an annual ranking by documented net worth of the wealthiest billionaires in Africa, compiled and published by the American business magazine, Forbes. The ranking of world’s richest billionaires was first published in March 1987.
The PUNCH highlights the top 10 richest people in Africa, all of whom happen to be men.
1. Aliko Dangote
For the tenth year in a row, Aliko Dangote is the continent’s richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 per cent increase in the share price of Dangote Cement, which is by far his most valuable asset.