The 4 Nigerian billionaire in Forbes’ 2020 list


Mike Adenuga and Aliko Dangote on the Forbes Billionaires list for 2020
Mike Adenuga and Aliko Dangote on the Forbes Billionaires list for 2020


Four Nigerian billionaires are among the Forbes Africa’s Billionaires list for 2020, and Aliko Dangote topped the list for the 9th time in a row.

On the 2020 list, Egypt and South Africa tied with five billionaires each, Morocco has two, while Zimbabwe and Tanzania have one billionaire each, among members of the 3-comma club in Africa.

According to the list, Africa’s 20 wealthiest people are richer in 2019 than 2018 with combined worth at $73.4 billion.

1. Aliko Dangote

Aliko Dangote (Bloomberg) Aliko Dangote (Bloomberg)

Nigerian-born billionaire, Aliko Dangote has interests in commodities in Nigeria and other African countries.

  • Net worth: $10.1 billion
  • Age: 62

2. Mike Adenuga

Mike Adenuga, second richest man in Africa Mike Adenuga, SaharaWeekly Magazine

Mike Adenuga, owner of Globalcom, Nigeria’s third-largest mobile phone network, and an oil exploration firm Conoil Producing firm.
  • Net worth: $7.7 billion
  • Age: 66

3. Abdulsamad Rabiu

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Rabiu is Nigerian manufacturing mogul. He is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.

  • Net worth: $3.1 billion
  • Age: 59

4. Folorunsho Alakija

Alakija is one of the richest black women in the world and the owner of Famfa Oil Limited, a Nigerian oil exploration company.

  • Net worth: $1 billion
  • Age: 68.

The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. It tracks the wealth of African billionaires who reside in Africa or have their primary businesses there.

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