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Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List of Richest Nigerian Businessmen

Posted by Thandiubani on Wed 03rd Apr, 2024 -

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

Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola have been listed in the list of Forbes top richest Nigerians in 2024.
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
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
He is ranked at number 2,152 with a networth of $1.4bn
He is the founder of Zenon Petroleum and Gas Limited, and the owner of a number of other businesses across shipping, real estate and finance.
He has recently invested in power generation as part of the liberalisation of the sector in Nigeria.

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