CEO News ; Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List With $26bn

Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List With $26bn

© Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List With $26bn
Font size:

Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024.

This comes as the combined wealth of Nigeria’s top three richest businessmen dropped slightly by 11.23 per cent to $25.3bn, according to the Forbes Real-Time Billionaires released on Tuesday.

The three Nigerians are the President/Chief Executive of the Dangote Group, Aliko Dangote; BUA Group Chairman, Abdul Samad Rabiu, and Globacom boss, Mike Adenuga.

The figure was a reduction of $3.2bn from $28.5bn recorded by the business moguls in 2023.

A breakdown shows that the fortune of the founder of Dangote’s group reduced slightly from $14.2bn in 2023 to $13.4bn.

The wealth of the chairman of BUA group also reduced marginally to $5.2bn in 2024 from $8.2bn in 2023 while Adenuga’s fortune increased from $6.1bn to $6.7 billion within one year.

Meanwhile, Nigerian business magnate, Otedola, was listed as a new entrant to the billionaire list with a total net worth of $1.4bn. Punch


On the list, Dangote, ranked at number 144, was described as the richest man in Africa and the richest Black man in the world.

His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.

Adenuga,  ranked at number 409 n the Forbes list, is a Nigerian billionaire businessman, his company Globacom is Nigeria’s second-largest telecom operator and also has presence in Ghana and Benin Republic.

He owns stakes in the oil exploration firm, Conoil.

Forbes estimated his net worth at $6.7bn in 2024. Rabiu is a Nigerian billionaire businessman and philanthropist, the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5bn and was ranked at number 581 in the Forbes list.

While, Otedola is a Nigerian businessman and philanthropist and the current executive chairman of Geregu Power Plc. Punch


For faster login or register use your social account.

Connect with Facebook