LAGOS, Nigeria — Naija billionaires dey shine again as Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola make Forbes 2025 billionaires list wey publish on Saturday. Dis list get only four Nigerians among Africa’s 22 richest people.
According to Forbes report, Africa’s billionaires see dem collective wealth rise to $105 billion, up from $82.4 billion for 2024. Dis increase come from new valuations and gains in the market. Aliko Dangote, wey get Dangote Petroleum Refinery, top di list with net worth of $23.9 billion, wey represent jump from $13.9 billion last year.
Forbes explain say dis increase fit come from di valuation of him refinery wey dey included for calculating him fortune. Mike Adenuga, chairman of Globacom, dey fifth position for Africa with net worth of $6.8 billion. Abdulsamad Rabiu, chairman of BUA Group, dey sixth with $5.1 billion.
Femi Otedola, wey be chairman of First Bank of Nigeria Holdings Plc, land for joint 16th position with net worth of $1.5 billion. Forbes also talk say South Africa get di highest number of billionaires for di list with seven, followed by Nigeria and Egypt wey get four each. Other countries wey also dey for di list include Morocco (3), Algeria (1), Tanzania (1), and Zimbabwe (1).
“Our list dey track di wealth of African billionaires wey dey stay for Africa or get their primary business for there,” Forbes explain. “Dis one no go include Sudanese-born billionaire Mo Ibrahim, wey be U.K. citizen, and South African Nathan Kirsh wey dey operate from London.”
Di net worth figures wey Forbes calculate use stock prices and currency exchange rates as of March 7, 2025.
