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- In the last 24 hours, the wealth of Nigerian billionaires has increased, helping them rise in the world Forbes global ranking
- Dangote continues to lead the table as the richest man in Nigeria, followed by Mike Adenuga and Abdul Samad Rabiu
- The wealth of Nigeria's richest men has been significantly affected by the depreciation of the naira
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The combined wealth of Nigeria's richest men increased to $25.7 billion as of Wednesday, August 7, 2024.
This marks a slight rise from the combined wealth of $25.3 billion reported on August 6, 2024.
Source: Getty Images
Nigeria billionaires make more money
Aliko Dangote continues to top the list as Nigeria's wealthiest billionaire and Africa's richest person.
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According to the Forbes Billionaire Index, as of August 8, Dangote's wealth stands at $12.4 billion, up from $12.3 billion.
This increase in wealth has elevated him 4 places in the global rankings, moving from 160th to 156th position.
Mike Adenuga - $6.7bn
Mike Adenuga is the second richest man in Nigeria, with a net worth of $6.7 billion.
in the last 24 hours Mike Adenuga is the second-richest man in Nigeria, with a net worth of $6.7 billion. In the last 24 hours, his wealth has seen a notable increase.
He is currently the 433rd richest man in the world, improving from the previous ranking of 435th.
Abdulsamad Rabiu - $5bn
Abdul Samad Rabiu is the third-richest man in Nigeria, with a net worth of $5 billion. He is also the 605th richest man in the world.
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
Femi Otedola - $1.4bn
Femi Otedola is one of Nigeria’s wealthiest individuals and currently the fourth richest man in the country, with a net worth of $1.4 billion.
Forbes ranks Otedola as the 2,177 richest man in the world.
Dangote to earn $30bn from refinery, other investments
Legit.ng previously reported that Aliko Dangote, Africa's wealthiest individual, revealed his expectation that the total revenue from his businesses would surpass $30 billion by the close of 2024.
The Nigerian billionaire and founder of the Dangote Group is renowned for his extensive business empire, which includes subsidiaries specialising in a wide range of goods and services across various sectors of Nigeria's economy.
Source: Legit.ng
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