Adenuga
Nigeria’s wealthiest businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola have emerged as the only Nigerians on the 2025 ‘Africa’s Billionaires List’ compiled by Forbes, which was released on Saturday.
Again, Dangote topped the list for the 14th year in a row with an estimated net worth of $23.9 billion, up from $13.9 billion a year ago. The big jump in his fortune was primarily due to Forbes adding the value of his refinery.
The Dangote Group operates in diverse sectors, including cement, sugar, flour, salt, seasoning, pasta, beverages, real estate, and has projects in oil & gas and fertilizer.
On the other hand, Adenuga who was 5th on the list, had $6.8 billion in his kitty during the period under consideration, while Rabiu was worth $5.1 billion. Adenuga runs the Pan-African telecommunications business, Globacom, while Rabiu owns the BUA Group with interest in cement, sugar, oil, among others.
Nigerian business mogul and philanthropist, Otedola, emerged the 16th richest person in Africa on the Forbes list, with his wealth surging by over 30 per cent in the last one year.In the new list, Forbes stated that Otedola’s wealth hit $1.5 billion during the period, with the rate of increase in total wealth coming behind Johann Rupert of South Africa, whose wealth grew 39 per cent.In the new list, Forbes stated that Otedola’s wealth hit $1.5 billion during the period, with the rate of increase in total wealth coming behind Johann Rupert of South Africa, whose wealth grew 39 per cent.
A prominent Nigerian businessman, Otedola has established and led several companies across various sectors and has many notable enterprises associated with his name.
Checks showed some of them as Geregu Power Plc, the first electricity-generating company in Nigeria to be listed on the Nigerian Exchange in October 2022, where he serves as the Chairman. Nation
