For the umpteenth time, Africa’s richest man Aliko Dangote alongside Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola were named in the latest world’s richest billionaires by Forbes.
It was gathered that Dangote’s fortune rose to $13.4 billion, Adenuga’s fortunes stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively.
“As with the economy in general, the money is concentrated at the very top.
“There are now a record 14 people who are members of the $100 billion Club, the elite group of people whose fortunes stretch into 12 digits.
“That is up from just one four years ago. These lucky few are worth $2 trillion in all, meaning just 0.5 per cent of the world’s 2,781 billionaires hold 14 per cent of all billionaire wealth.
“There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They are richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021,” Forbes stated.
It stated that its “World’s Billionaires list” was a snapshot of wealth using stock prices and exchange rates from March 8, 2024.
