Forbes Magazine on Tuesday released the 38th edition of its World Billionaires List for 2024, with Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola emerging the only Nigerians on the list posted by the platform.
Dangote remained Africa’s richest man, recording $13.4 billion as of April 2, 2024, while Adenuga followed with a net worth of $6.7 billion. Rabiu and Otedola, according to the new report, were worth $5.2 and $1.7 billion respectively.
Forbes’ World’s Billionaires list is a ranking of every person on the planet with a net worth of $1 billion US dollars or more as of March 8, 2024.
Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer and owns 85 percent of the publicly-traded cement firm, through a holding company, Forbes stated.
Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa, the release said. On the other hand, Dangote’s fertiliser plant in Nigeria began operations in March 2022 and Dangote Refinery is gradually ramping up petroleum refining operations in 2024.
Emerging 144 richest billionaire globally, the 66-year-old businessman, has a Bachelor of Arts/Science from Al-Azhar University.
As at Tuesday, Forbes stated that Adenuga, 70, is Nigeria’s second richest man, who built his fortune in telecommunications and oil production. He is now 409th richest person globally.
His mobile phone network, Globacom, is one of the three largest operators in Nigeria, Forbes said, with more than 60 million subscribers, while his oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta, according to the organisation.
Dangote remained Africa’s richest man, recording $13.4 billion as of April 2, 2024, while Adenuga followed with a net worth of $6.7 billion. Rabiu and Otedola, according to the new report, were worth $5.2 and $1.7 billion respectively.
Forbes’ World’s Billionaires list is a ranking of every person on the planet with a net worth of $1 billion US dollars or more as of March 8, 2024.
Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer and owns 85 percent of the publicly-traded cement firm, through a holding company, Forbes stated.
Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa, the release said. On the other hand, Dangote’s fertiliser plant in Nigeria began operations in March 2022 and Dangote Refinery is gradually ramping up petroleum refining operations in 2024.
Emerging 144 richest billionaire globally, the 66-year-old businessman, has a Bachelor of Arts/Science from Al-Azhar University.
As at Tuesday, Forbes stated that Adenuga, 70, is Nigeria’s second richest man, who built his fortune in telecommunications and oil production. He is now 409th richest person globally.
His mobile phone network, Globacom, is one of the three largest operators in Nigeria, Forbes said, with more than 60 million subscribers, while his oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta, according to the organisation.
