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 (NGX: DANGCEM).

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 (NGX: BUACEMENT) shares. Mike Adenuga, founder of Globacom and chairman of Conoil (NGX: CONOIL), retains his billionaire status, while Femi Otedola, chairman of Geregu Power PLC (NGX: GEREGU), 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.