• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote, 3 Other Nigerians Make Forbes’ 2024 Billionaires List

by Olushola Bello
1 year ago
in News
Dangote
Share on WhatsAppShare on FacebookShare on XTelegram

Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024.

Advertisement

Dangote’s fortune rose to $13.4billion, Adenuga fortune stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively.

Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated networth of around $13.4 billion in 2024. 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.

Mike Adenuga 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 Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes estimated his networth at $6.7 billion in 2024.

Abdulsamad 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 $2.5 billion.

RELATED

Sambo, Ex-PDP Govs, Others Vow To Uproot APC In Kaduna

Tinubu Celebrates Ex-VP Sambo At 71

20 minutes ago
NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

2 hours ago

While, Femi Otedola is a Nigerian businessman and philanthropist. He is the current executive chairman of Geregu Power Plc. Otedola is also 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.

According to Forbes, it has been a year for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation.

“As with the economy in general, the money is concentrated at the very top. There are now a record 14 people who are members of the $100 billion Club, the elite group of people whose fortunes stretch into 12 digits. That is up from just one four years ago. These lucky few are worth $2 trillion in all, meaning just 0.5 per cent of the world’s 2,781 billionaires hold 14 per cent of all billionaire wealth.

“There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They are richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021,” Forbes stated.

It added that 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,” it added.

The report said that “the richest of all is Bernard Arnault, who holds the number one spot for the second year in a row. The French luxury goods kingpin is worth an estimated $233 billion, $22 billion more than in 2023 thanks to another record year for his conglomerate LVMH, the company behind brands such as Louis Vuitton, Tiffany & Co. and Sephora.”

It added that “two-thirds of the planet’s billionaires are richer than a year ago. No one has gained more, in sheer dollar terms, than Mark Zuckerberg, who has benefited to the tune of a $116.2 billion jump in a single year; thanks to Meta stock nearly tripling amid cost-cutting layoffs and big bets on AI and the metaverse. Zuckerberg is number four on Forbes’ 2024 ranking, worth an estimated $177 billion, the richest he’s ever been. Oracle’s Larry Ellison, worth an estimated $141 billion, rounds out the top five.”

It emphasised that “in all, 265 fresh faces are new to the World’s Billionaires. The richest of all is Italy’s Andrea Pignataro, a former Salomon Brothers bond trader behind financial software firm ION Group. He’s worth an estimated $27.5 billion.

“Other notable newcomers include the founder of the Raising Cane’s fast-food chain Todd Graves ($9.1 billion); Maggie Gu, Molly Miao and Ren Xiaoqing ($4.2 billion each); three cofounders of fast-fashion giant Shein; iconic high-heel designer Christian Louboutin ($1.2 billion); and Elon Musk pal, and Tesla and SpaceX investor, Antonio Gracias ($1.1 billion).

“The United States is, once again, the country with the most billionaire citizens, with a record-breaking 813, worth $5.7 trillion (compared to 735, worth $4.5 trillion, in 2023). China remains second, despite troubles in the Asian nation, with 473 (including Hong Kong) worth $1.7 trillion. India, meanwhile, is surging. There are now 200 Indian billionaires, the most ever, worth $954 billion.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Abdulsamad RabiuAliko DangoteDangoteFemi OtedolaMike Adenuga
SendShareTweetShare
Previous Post

Hisbah Arrests 7 Women Over Alleged Theft In Kano

Next Post

Declare ‘Afe Babalola Day’ As Public Holiday, Ekiti Youths Tell State Gov’t

Olushola Bello

Olushola Bello

You May Like

Sambo, Ex-PDP Govs, Others Vow To Uproot APC In Kaduna
News

Tinubu Celebrates Ex-VP Sambo At 71

2025/08/02
NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t
News

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

2025/08/02
Police Nab 2 Suspected Cultists, Recover Arms In Akwa Ibom
News

Police Nab 2 Suspected Cultists, Recover Arms In Akwa Ibom

2025/08/02
PICTORIAL: Kano Women Protest Against Violent Activities Of ‘Yan Daba’ Gang
News

PICTORIAL: Kano Women Protest Against Violent Activities Of ‘Yan Daba’ Gang

2025/08/02
‘We Lied To Nigerians’, Buhari’s Ex-Minister Dalung Reveals
News

Ex-Minister Dalung Faults Tinubu’s Endorsement At Ahmadu Bello Memorial Confab

2025/08/02
NURSES, MIDWIVES’ STRIKE: Many Critically Ill Patients Are Being Rejected, Says UUTH CMD
Health

JUST-IN: Nurses Suspend Strike After Federal Govt’s Commitment To Demands

2025/08/02
Leadership Conference advertisement

LATEST

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

Police Nab 2 Suspected Cultists, Recover Arms In Akwa Ibom

PICTORIAL: Kano Women Protest Against Violent Activities Of ‘Yan Daba’ Gang

Ex-Minister Dalung Faults Tinubu’s Endorsement At Ahmadu Bello Memorial Confab

JUST-IN: Nurses Suspend Strike After Federal Govt’s Commitment To Demands

Ghanaian President Assures Tinubu Of Nigerians’ Safety Over Protests

St. Lucia PM Slams Critics Of Tinubu’s Visit, Calls Backlash ‘Shameful’

Police Dismantle Cult Group Behind Phone Theft In Imo

Business Summit Partners UWEAL To Empower African Entrepreneurs

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.