Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola are the only Nigerians on Forbes‘ 2024 billionaires list.
Forbes reported on Tuesday that there will be more billionaires in 2024, despite inflation and political unrest.
According to Forbes, there are now 2,781 billionaires around the world, up 141 from 2023 and 26 more than the previous record set in 2021.
Forbes said:
“They’re richer than ever, worth $14.2 trillion in the aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.”
“Two-thirds of the list’s members are worth more than a year ago; only one-fourth are poorer.
“Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion.
“China remains second, with 473 (including Hong Kong) worth $1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out $200 billion in wealth and knocked 89 billionaires from the ranks.
“India, which has 200 billionaires (also a record), ranks third. To calculate net worths, we used stock prices and exchange rates from March 8, 2024.”
Dangote, chairman of Dangote Cement, has maintained his position as Africa’s richest man. According to Forbes, his fortune has risen to $13.4 billion, putting him in 144th place.
With a net worth of $6.7 billion, Adenuga, chairman of Globacom, a Nigerian telecommunications company, was ranked 409th.
Rabiu, chairman of BUA Group, whose net worth is estimated at $5.2 billion, was ranked 581st.
Otedola, chairman of Geregu Power, was ranked 2152 and has a net worth of $1.4 billion.