Nigerian Billionaires Shine on 2026 Forbes Africa List

The 2026 Forbes Africa billionaires list includes four prominent Nigerian business leaders: Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu. Aliko Dangote maintains his status as Africa's richest man with an estimated net worth of $28.5 billion, an increase of $4.6 billion from the previous year, attributed to the strong performance of Dangote Cement.

Abdulsamad Rabiu, founder of BUA Group, experienced a significant rise of 120% in his net worth, reaching $11.2 billion, moving from sixth to third place due to a 135% surge in BUA Cement shares. Mike Adenuga, founder of Globacom and chairman of Conoil, retains his billionaire status, while Femi Otedola, chairman of Geregu Power PLC, remains on the list despite a $200 million decline after selling a major stake in his company.

Collectively, the four Nigerian billionaires have a combined net worth of $126.7 billion, reflecting a 21% increase from 2025. Notably, no female billionaires appear on the 2026 list.