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
Cedi@60: Bank of Ghana Vows to Keep Currency Stable, Sustain Economic Stability
The Bank of Ghana (BoG) has reaffirmed its commitment to protecting the...
Malian Court Jails Former Minister Cissoko Over Presidential Jet Scandal; Others Sentenced in Absentia
The Special Assize Court in Bamako has delivered its long-awaited verdict on...
Ghana Sets Up Anti-Gold Smuggling Task Force to Recover Billions in Lost Revenue
Ghana has launched a national task force to combat gold smuggling and...
Nigerians Demand Transparency Over Withheld Signed Tax Laws Under Tinubu Following ₦5 Million Bank Reporting Rule
Weeks after President Bola Tinubu signed four major tax reform bills into...