Lagos, Nigeria — Aliko Dangote has once more secured his position as Africa’s wealthiest individual, topping Forbes’ Real-Time Billionaires List with an estimated net worth of $24.4 billion, ranking 88th globally.
The ranking, released on Saturday, highlights Dangote’s unmatched supremacy in Africa’s wealth hierarchy, far surpassing his fellow Nigerian billionaires. Following him are Abdulsamad Rabiu with $7.2 billion (ranked 516th), Mike Adenuga at $6.3 billion (592nd), and Femi Otedola with $1.5 billion (2424th).
Dangote’s fortune is more than triple that of Rabiu, nearly quadruple Adenuga’s, and more than sixteen times Otedola’s, underscoring his dominant standing across the continent.
Since appearing on Forbes’ list in 2008, Dangote reclaimed the title of Africa’s richest man in 2011 and has held it for 14 consecutive years. His wealth, primarily driven by cement, sugar, and the large petroleum refinery launched in 2023, reflects Nigeria’s industrial might.
Other Nigerian billionaires maintain solid positions. Rabiu commands industries in cement and sugar, Adenuga leads in telecommunications and oil, while Otedola, active in energy and utilities, recently returned to the list signaling renewed business momentum.
Together, these four exemplify Nigeria’s billionaire concentration in critical sectors: manufacturing, oil, telecommunications, and energy.
In South Africa, luxury goods magnate Johann Rupert leads with $13.2 billion, followed by former diamond magnate Nicky Oppenheimer at $10.4 billion.
Egypt’s top billionaires include Nassef Sawiris ($8.8 billion) and Naguib Sawiris ($5.0 billion), with the Mansour brothers also contributing significantly.
The continent’s diverse billionaire roster extends to Eswatini’s Nathan Kirsh ($8.0 billion), Morocco’s Othman Benjelloun & family ($2.0 billion), and Tanzania’s Mohammed Dewji ($2.2 billion), among others.
By Enoch Odesola | August 23, 2025
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