Dangote, Rabiu, Otedola, Adenuga Make Forbes 2024 Billionaire List

According to Forbes, in 2024, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola are listed as the top richest Nigerians. Aliko Dangote’s fortune reached $13.4 billion, making him the richest man in Africa and the richest black man in the world. He is the founder and chairman of the Dangote Group, which is one of the largest employers in Nigeria and the most valuable conglomerate in West Africa.

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Mike Adenuga, a Nigerian billionaire businessman, owns Globacom, Nigeria’s second-largest telecom operator, and has business interests in Ghana and Benin. He also holds stakes in Equitorial Trust Bank and Conoil (formerly Consolidated Oil Company). Forbes estimated his net worth at $6.7 billion in 2024.

Abdulsamad Rabiu, another Nigerian billionaire businessman and philanthropist, is the founder and chairman of BUA Group. BUA Group is a Nigerian conglomerate involved in manufacturing, infrastructure, and agriculture, generating revenue exceeding $2.5 billion.

Femi Otedola is a Nigerian businessman and philanthropist. He serves as the executive chairman of Geregu Power Plc and is the founder of Zenon Petroleum and Gas Limited. Additionally, he owns various businesses in shipping, real estate, and finance. Otedola has also made investments in power generation as part of Nigeria’s sector liberalization. His estimated net worth in 2024 is $1.4 billion.

Forbes reported that global stock markets have continued to rise, resulting in increased wealth for billionaires worldwide. There are now a record 14 individuals who are members of the $100 billion club, with a combined wealth of $2 trillion. The number of billionaires has reached 2,781, with their total wealth amounting to $14.2 trillion. The top 20 billionaires alone added $700 billion to their wealth since 2023. The United States has the highest number of billionaires, with 813 individuals worth a combined $5.7 trillion. China ranks second with 473 billionaires, despite challenges such as weak consumer spending and a real estate downturn. India is in third place, boasting 200 billionaires.

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