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Forbes 2024 Billionaires Ranking: Dangote, Adenuga, Others Maintain Positions Amid Economic Challenges

Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola maintained their positions as the richest Nigerians in 2024, with a combined net worth of $25.3 billion.

Leading the group is Aliko Dangote, with a remarkable net worth of $13.4 billion, followed by Mike Adenuga with $6.7 billion, Abdulsamad Rabiu with $5.2 billion, and Femi Otedola with $1.4 billion.

Dangote chairs the Dangote Group, Rabiu chairs the BUA Group, Adenuga heads Globacom, Nigeria’s second-largest telecom company, while Femi Otedola serves as the Executive Chairman of Geregu Power Plc and is a prominent businessman.

Despite global economic challenges, these Nigerian billionaires have seen an increase in their wealth over the past year. The top 20 billionaires collectively added a staggering $700 billion to their fortunes in the 2024 Forbes ranking.

The United States boasts the highest number of billionaires, with 813 individuals worth a combined $5.7 trillion, followed by China with 473 billionaires amassing $1.7 trillion. India has also seen a rise in billionaire numbers, with 200 individuals now totaling $954 billion in wealth.

Globally, Bernard Arnault remains the wealthiest individual with an estimated net worth of $233 billion. Notable figures include Mark Zuckerberg, Larry Ellison, and newcomers such as Andrea Pignataro and Todd Graves. The United States maintains its dominance in terms of billionaire citizens, followed by China and India.

Despite economic challenges, the number of billionaires continues to grow, with 265 new faces debuting on Forbes’ list. These include entrepreneurs from various sectors, ranging from fast-food chains to luxury fashion and technology. With wealth expanding for many, the billionaire landscape remains dynamic and ever-changing.



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