Would you like to receive notifications on latest updates of the following headlines?

Four Nigerian Billionaire Makes Forbes 2024 List with $26bn

POSTED ON April 3, 2024 •   BUSINESS      BY Abiodun Saheed Omodara
Aliko Dangote , Mike Adenuga,Abdulsamad Rabiu,Femi Otedola l Source:Google

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

This comes as their combined wealth has climbed to $26 billion, according to the Forbes Real-Time Billionaires released on Tuesday. 

Aliko Dangote leads the pack with an impressive net worth of $13.4 billion, followed by Mike Adenuga with $6.7 billion, Abdulsamad Rabiu with $5.2 billion, and Femi Otedola with $1.4 billion. 

Aliko Dangote is the richest man in Africa and the richest black man globally, with an estimated net worth of around $13.4 billion in 2024.

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.


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


Abdulsamad Rabiu, a Nigerian billionaire businessman and philanthropist, is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure, and agriculture and producing revenue of over $2.5 billion.


Femi Otedola is a Nigerian businessman and philanthropist. He is the current executive chairman of Geregu Power Plc. Otedola is also the founder of Zenon Petroleum and Gas Limited and owns several other businesses in shipping, real estate, and finance. He has recently invested in power generation as part of the liberalisation of Nigeria's sector.

READ ALSO
Business Owners in Abuja Raise Alarm over Rising Operational Costs and Falling Sales
BY Abiodun Saheed Omodara July 30, 2025 0

Business owners in the Federal Capital Territory have voiced their worries about the escalating cost...

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

READ ALSO
Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...

READ ALSO
NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...

READ ALSO
FG Plans Re-Privatization of Power Discos Amidst Legislative Changes
BY Abiodun Saheed Omodara July 29, 2025 0

The Federal Government may proceed with the sale of 11 power distribution companies through a re-pri...

READ ALSO
Lagos, Ogun Set for 25-Day Power Outage: Maintenance Work Begins July 28
BY Abiodun Saheed Omodara July 28, 2025 0

Lagos State and some areas of Ogun will undergo a power outage lasting 25 days, beginning on July 28...

READ ALSO
FG Mandates GPS Coordinates for Capital Projects Over N150 Million in 2025
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has required that all Ministries, Departments, and Agencies provide the Globa...

READ ALSO
FG Urges Project Accountants to Prioritize Integrity in Fund Management
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has cautioned project accountants and financial officers to prioritize care a...

OUR CHANNELS:

33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...


Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...


Tragic Attack: Wild Elephants Kill Farmer in Ogun State
BY Abiodun Saheed Omodara July 31, 2025 0

A group of wild elephants from a government-protected forest has attacked and killed a farmer named...


Global Hunger Declines to 8.2% in 2024, Yet Africa and Western Asia See Rising Rates
BY Abiodun Saheed Omodara July 30, 2025 0

The recent report on the State of Food Security and Nutrition in the World reveals that around 8.2 p...


NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...


FG warns as Ghanaians accuse Nigerians of Ritual Killings
BY Abiodun Saheed Omodara July 30, 2025 0

A group of Ghanaians protested against Nigerians, accusing them of engaging in widespread prostituti...


IGP Egbetokun Addresses Plight of Retired Police Officers
BY Abiodun Saheed Omodara July 30, 2025 0

The Inspector-General of Police, Kayode Egbetokun, stated on Tuesday that many retired police office...


Shettima Highlights Food Sovereignty in Tinubu's Emergency Declaration
BY Abiodun Saheed Omodara July 30, 2025 0

Vice President Kashim Shettima provided insights into the motivations behind President Bola Tinubu&r...


CAC Demands Annual Returns to Avoid Deregistration
BY Abiodun Saheed Omodara July 31, 2025 0

The Corporate Affairs Commission (CAC) has initiated a new round of removing companies that have not...


Oyo State Government Seizes Goods from Unregistered Veterinary Practices
BY Abiodun Saheed Omodara July 30, 2025 0

The Oyo State Government on Tuesday shut down 15 veterinary outlets and seized goods valued in milli...


More Articles

Load more...

Menu