DANGOTE, ADENUGA, OTEDOLA, RABIU MAKE 2026 FORBES AFRICA BILLIONAIRES LIST
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BY:TAJUDEEN AMINAT
Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu have been named among Africa’s richest individuals in 2026.
According to the latest Africa Billionaires ranking by Forbes, Aliko Dangote maintained his status as Africa’s richest man, with an estimated net worth of $28.5 billion. He added approximately $4.6 billion to his fortune over the past year, largely driven by the strong performance of Dangote Cement on the Nigerian Exchange Limited.
Telecommunications mogul Mike Adenuga also retained his place among Africa’s wealthiest. The founder of Globacom and chairman of Conoil Producing remains one of Nigeria’s most influential entrepreneurs, with diversified holdings in telecoms, oil and gas, and banking.
Femi Otedola, chairman of Geregu Power Plc, also made the list despite a slight decline in his net worth over the year. Forbes estimates that the billionaire investor lost around $200 million following the sale of a majority stake in his power company at a price below market value.
The growth in Rabiu’s net worth was primarily fueled by BUA Cement’s strong performance, with its shares climbing 135% over the past year, surpassing the broader gains in the Nigerian stock market.
The 23 billionaires on the continent now have a combined net worth of $126.7 billion, marking a 21% increase from 2025, as they collectively added $20.3 billion to their fortunes.
Across Africa, billionaire wealth was supported by robust stock market performance, record corporate earnings, and greater currency stability in several economies.
South Africa leads with the highest number of billionaires on the list at seven, followed by Egypt with five, Nigeria with four, and Morocco with three.
The 2026 ranking does not feature any female billionaires from the continent.
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