The billionaire entrepreneur Femi Otedola has returned to the Forbes list after an eight-year break. He shared the announcement on Instagram with a simple “Interesting” caption and his signature F.Ote with dollar emojis. At 61, he re-entered the Forbes list with a net worth of $1.1bn, contributing to a total increase in the fortunes of the 2024 list to $82.4bn from last year’s $81.5bn.
This positive trend signals growth for Africa’s economic titans. Otedola, a philanthropist with diverse business interests, notably in energy, power generation, real estate, and shipping, had last appeared on the Forbes Africa list in 2016. Despite tough competition, particularly in the energy sector, he secured the 20th spot this year.
Other notable Nigerians on the 2024 Forbes list include Aliko Dangote, Africa’s richest billionaire, Mike Adenuga, and Abdulsamad Rabiu. Dangote maintains the top spot with a net worth of $13.1bn, while Adenuga and Rabiu occupy the fifth and sixth positions with $6.9bn and $5.9bn net worth, respectively.
Read more: Timi Dakolo Releases Third Album “The Chorus Leader”
About The Author
Related Articles
Burkina Faso Takes Full State Control of $68 Million Gold Mine, Marks Shift Away from Foreign Miners
Burkina Faso’s military-led government has granted an industrial mining permit to its...
Tinubu and National Assembly Caught Diverting N8.4bn From Almajiri Commission to Roads, Dental Chairs, Solar Lights
The National Commission for Almajiri and Out-of-School Children Education was allocated N8.4...
The PFIPC Scandal and the Senate’s Shameful Cover-Up
The Senate’s decision on Wednesday to reject a motion probing the N1.3...
Bank of Ghana Report Reveals 75 Staff Dismissed as Fraud Cases Surge 48% in 2025
The Bank of Ghana has disclosed that 75 staff members of banks...