GLITZ TV
Renowned billionaire businessman Femi Otedola recently shared his excitement on social media about his comeback to the prestigious Forbes African Billionaires list after a seven-year absence. Taking to his Instagram page, he posted a snapshot of the announcement and captioned it with the words “Interesting” along with smiley and dollar emojis.
With a net worth of $1.1 billion, the 61-year-old entrepreneur currently holds the 20th position on the list. Forbes reported that the collective wealth of the 2024 list of 20 billionaires increased to $82.4 billion from last year’s $81.5 billion, partly due to Otedola’s impressive return. Prior to this, his last appearance on the Forbes Africa list was in 2017, and this year he secured the 20th spot.
As the executive chairman of Geregu Power Plc and a former CEO of Forte Oil, Otedola’s business interests span across various sectors including energy, power generation, real estate, and shipping. Despite facing tough competition from multinational oil companies, his company has maintained its prominent position as a major player in Nigeria’s energy sector.
Among other notable Nigerian billionaires on the list is Aliko Dangote, who retains his title as Africa’s richest billionaire, occupying the number one spot with a net worth of $13.1 billion. Mike Adenuga, the owner of Globacom and other enterprises, secured the fifth spot with a net worth of $6.9 billion.
Aliko Dangote: Aliko Dangote is not only Nigeria’s richest billionaire but also the richest person in Africa. With a net worth of $13.1 billion, he holds the number one spot on the Forbes African Billionaires list. Dangote is the founder and chairman of Dangote Group, a conglomerate with interests in cement manufacturing, sugar refining, flour milling, and other industries. He has built a vast business empire and is known for his contributions to Nigeria’s economy.
Mike Adenuga: Mike Adenuga is another prominent Nigerian billionaire featured on the Forbes African Billionaires list. With a net worth of $6.9 billion, he ranks fifth on the list. Adenuga is the founder of Globacom, a leading telecommunications company in Nigeria. He also has investments in oil exploration and production through his company Conoil. Adenuga’s entrepreneurial success has earned him recognition both locally and internationally.
These individuals have made significant contributions to Nigeria’s economy and have cemented their positions as successful business leaders, not only in Nigeria but also on the African continent.
