Nigerian business mogul and Africa’s richest man, Alhaji Aliko Dangote, has emerged as the only Nigerian to make the list of 75 Most Powerful People in 2018.
“This year’s ranking of The World’s Most Powerful People highlights the consolidation of power in the hands of an elite few,” said Forbes Contributing Editor David Ewalt
Angela Merkel, Chancellor, Germany (No. 4), remains the world’s most powerful woman. Mohammad Bin Salman Al Saud is now the youngest person on the list, a title formerly held by Facebook CEO Mark Zuckerberg (No. 13). Bernaud Arnault, Chairman, LVMH (No. 56) returns to the list thanks to swelling revenues at his fashion house Louis Vuitton.
To select each of the World’s Most Powerful People. Four factors were taken into account: how many people over whom they have power; the financial resources they control; if they have influence in more than one sphere; and how actively they wield their power to change the world.
Forbes annual ranking of The World’s Most Powerful features 75 people — one for each 100 million people on Earth.