Nigeria’s richest man has a net worth of $23.9 billion, ranking him as the 86th richest person globally

Key takeaways:

  • The total wealth of Nigeria's top four billionaires amounts to $37.4 billion.
  • Aliko Dangote's fortune accounts for almost 64% of the overall wealth among Nigerian billionaires.
  • Dangote's net worth is more than three times the net worth of Adenuga, and nearly 16 times greater than Otedola's.
  • All four individuals accumulated their wealth primarily through entrepreneurial efforts.
  • The sources of wealth for Nigeria's four richest men span various sectors, including cement, telecommunications, agriculture, and energy.

As of March 6, 2025, Aliko Dangote's fortune of $23.9 billion secured him the title of Nigeria's richest person and earned him a spot among the top 100 billionaires worldwide. The telecommunications mogul behind Globacom and the oil enterprise Conoil, Mike Adenuga, earned the second richest man position in Nigeria while being ranked 481st globally with his net worth of $6.8 billion.

 

Abdulsamad Rabiu has achieved a net worth of $5.2 billion through his BUA Group, which excels in cement manufacturing and sugar refining, making him the third richest in Nigeria and 657th wealthiest in the world.

 

Meanwhile, Femi Otedola, with his diverse investments in energy, power generation, and financial services, ranked as the 4th richest man in Nigeria, holding a net worth of $1.5 billion and placing 2131st globally.

Source:

Forbes

Period:

March 6, 2025
HTML code to embed chart
Want a bespoke report?
Reach out
Click to copy HTML embed code
Tags
Related Insights
Elon Musk tops the global wealth rankings with a fortune surpassing $300 billion as of March 13, 2025
Key Takeaways:
  • As of March 13, 2025, Elon Musk is the sole individual whose net worth exceeds $300 billion.
  • Mark Zuckerberg is recognised as the youngest member among the top ten wealthiest individuals globally.
  • The exclusive $200 Billion Club features just three members: Musk, Bezos, and Zuckerberg.
  • The combined wealth of the ten richest individuals in the world totals around $1.8 trillion.
  • Eight individuals in the top ten wealth ranking list hail from the United States.
As of March 6, 2025, Alice Walton ranks as the richest woman in the world with a net worth of $103.9 billion
Key takeaways:
  • The total wealth of the three richest women surpasses $259 billion.
  • Alice Walton is the only woman in the world whose net worth exceeds $100 billion.
  • These women share a legacy of inherited wealth that they have successfully transformed into increased wealth.
  • Each of the top three richest women holds a net worth greater than $70 billion.
  • The top three richest women in the world are engaged in philanthropic endeavours.
Aliko Dangote, the richest man in Africa has a net worth of $23.9 billion as of March 6, 2025
Key takeaways:
  • Africa’s wealthiest individual, Aliko Dangote, is approximately twice as rich as Johann Rupert and Nicky Oppenheimer.
  • Each of the three richest men in Africa have a net worth exceeding $10 billion.
  • Aliko Dangote maintains his status as Africa's wealthiest man, with a fortune that surpasses his closest rival by more than $9 billion.
  • The cumulative net worth of the five richest men in Africa is around $65.2 billion.
  • The difference in net worth between Africa's richest man and the fifth richest man is $17.1 billion.
POPULAR TOPICS
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved