Aliko Dangote remains the top figure in Nigeria and Africa’s business scene, retaining his position as the wealthiest individual in both regions.

Aliko Dangote, with a net worth of $13.4 billion, along with Mike Adenuga ($6.7 billion), Abdulsamad Rabiu ($5.2 billion), and Femi Otedola ($1.4 billion), represent the sole Nigerians listed in the 2024 Forbes ranking. [Akinlaja Obaloluwa/X]

Joining Dangote on the prestigious Forbes list are three other prominent Nigerian business magnates.

Dangote Group Chairman Tops the Chart

Aliko Dangote secured the 129th position on the Forbes list, boasting an impressive net worth of $15.0 billion.

Richest Nigerians on This Forbes List

Forbes, a renowned American media company, covers various topics including business, investment, technology, and lifestyle.

Mike Adenuga, at the helm of Globacom, holds the 407th position with a wealth of $6.9 billion. Following closely are Abdulsamad Rabiu of the BUA Group and Femi Otedola, boasting net worths of $6.3 billion and $1.7 billion, respectively, securing ranks 462 and 1906.

Methodical Approach by Forbes

Forbes meticulously compiles the list, considering stock prices and exchange rates up to March 8, 2024, ensuring accuracy and relevance.

Global Billionaire Insights

The United States leads in billionaire numbers and combined net worth, followed by China and India, indicating the global distribution of wealth.

Rising Wealth Trends

The global billionaire club’s net worth surged to $14.2 trillion in 2024, highlighting the considerable influence of the global elite in shaping the world economy and business environment.

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