Four Nigerian business moguls; Aliko Dangote, Abdulsamad Rabiu, Femi Otedola, and Mike Adenuga have been named in Forbes’ 2025 Africa Billionaires List.
According to the latest ranking by Forbes, Aliko Dangote retains his spot as Africa’s richest man, with his net worth surging to $23.9 billion from $13.9 billion in 2024.
His fortune is largely driven by the success of Dangote Group, which spans cement, sugar, and oil refining.
Also on the list is Abdulsamad Rabiu, the founder of BUA Group, a major player in cement and sugar production, alongside telecommunications and banking magnate Mike Adenuga, who owns Globacom and has interests in oil and real estate.
Billionaire businessman Femi Otedola, known for his investments in energy and finance, also made the prestigious list.
The four industrialists remain the only Nigerians featured in Forbes’ 2025 billionaire rankings.
