Nigeria's Billionaires Shine on Forbes' 2026 List

Forbes’ 2026 Africa Billionaires list includes four Nigerian businessmen, with three ranking among the continent's top 10 richest individuals. Aliko Dangote is ranked first, with an estimated net worth of $28.5 billion, primarily from his ventures in the Dangote Group, which focuses on manufacturing, especially cement and sugar.

His wealth increased by $4.6 billion from the previous year, aided by the strong performance of Dangote Cement shares and developments surrounding the Dangote Refinery. Abdulsamad Rabiu ranks third with a net worth of $11.2 billion, attributed to his founding of BUA Group, which operates in cement and food production.

Rabiu's fortune surged by $6.1 billion, a 120% increase, due to the performance of BUA Cement shares. Mike Adenuga also made the top 10, while Femi Otedola is included in the overall billionaire list.

The total wealth of Africa's 23 billionaires reached $126.7 billion, a 21% increase from the previous year.