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Dangote, Adenuga, Rabiu, Otedola Make Forbes’ 2024 Billionaires List

Published

2 years ago

April 2, 2024

Despite the economic challenges facing Nigeria, Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024.

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.

Aliko Dangote is the richest man in Africa and the richest Black man in the world. He has an estimated networth of around $13.4 billion in 2024.

His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria. Also, it is the most valuable conglomerate in West Africa.

According to Forbes, it has been a year for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation.

Forbes said: “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.”

It added that two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer.

But region…

Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion.

“China remains second, with 473 (including Hong Kong) worth $1.7 trillion. This is despite weak consumer spending and a real estate bust that helped wipe out $200 billion in wealth and knocked 89 billionaires from the ranks.

“India, which has 200 billionaires (also a record), ranks third.

“To calculate net worths, we used stock prices and exchange rates from March 8, 2024,” it added.

The report said that “the richest of all is Bernard Arnault, who holds the number one spot for the second year in a row.

“The French luxury goods kingpin is worth an estimated $233 billion, $22 billion more than in 2023, thanks to another record year for his conglomerate LVMH. It is the company behind brands such as Louis Vuitton, Tiffany & Co. and Sephora.”

It added that “two-thirds of the planet’s billionaires are richer than a year ago.

“No one has gained more, in sheer dollar terms, than Mark Zuckerberg, who has benefited to the tune of a $116.2 billion jump in a single year. This is thanks to Meta stock nearly tripling amid cost-cutting layoffs and big bets on AI and the metaverse.

“Zuckerberg is number four on Forbes’ 2024 ranking, worth an estimated $177 billion, the richest he’s ever been. Oracle’s Larry Ellison, worth an estimated $141 billion, rounds out the top five.”

Headline

How Our Airstrikes Stopped Christmas Attacks In Nigeria — US Lawmaker

Published

1 day ago

December 27, 2025

Editor

Riley Moore, a member of the United States House of Representatives from West Virginia’s 2nd District, has linked the absence of Christmas attacks in Nigeria this year to US military airstrikes carried out against Islamist militants on Christmas Day.

In a post on his official X account on Saturday, Moore contrasted the situation with the past two Christmas seasons, during which he claimed Christians were killed in attacks across parts of Nigeria.

The lawmaker noted that this year’s response targeted extremist groups instead of marking another period of violence.

He added that US forces acted decisively against militants in coordination with the Nigerian government.

“For the past two Christmases, Christians have been murdered in Nigeria. This year, thanks to @POTUS, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.

“The successful strikes on ISIS, in coordination with the Nigerian government, are just the first step to secure the country and end the slaughter of our brothers and sisters in Christ,” Moore wrote.

US President Donald Trump said on Thursday that American forces had conducted deadly strikes against Islamic State terrorists in north-western Nigeria.

Trump, who spoke via his Truth Social platform, warned that more attacks would follow if the militants continued killing Christians, adding that the Department of War executed numerous “perfect strikes.”

Headline

U.S. Lawmaker Reacts To Nigeria, U.S. Airstrikes

Published

2 days ago

December 26, 2025

Editor

United States Congressman, Riley Moore, has stated that President Donald Trump is determined to put an end to the killing of Christians in Nigeria, warning that further action may follow if the violence persists.

Moore made the statement on Friday via his official X handle.

According to the lawmaker, the strike represents the first step in addressing what he described as the ongoing slaughter of Christians and the broader security crisis affecting Nigerians across religious and ethnic lines.

“President Trump has been clear that the killing of Christians in Nigeria must end,” he said.

He that the administration’s resolve on the matter should not be underestimated.

“As I stated at the outset: Do not test President Trump‘s resolved in this matter.

“Tonight’s strike in coordination with the Nigerian government is just the first step to ending the slaughter of Christians and the security crisis affecting all Nigerians,” he said.

He stressed that the operation signals a stronger stance by the United States in support of Nigeria’s efforts to tackle terrorism and violent extremism, noting that further measures could be taken if the situation does not improve.

Headline

US Dept Of War Shares Video Of Air Strikes In Nigeria

Published

2 days ago

December 26, 2025

Editor

A video footage of the US military air strikes in Nigeria has emerged.

The video was released by the US Department of War following its air strikes against terrorists in Sokoto.

Earlier, the US secretary of War, Pete Hegseth had confirmed that military air strikes hit terrorists in Nigerians, saying it was deadly.

Later on, the US. African Command, confirmed that it conducted the attacks described as very deadly by President Donald Trump.

Trump said he was only keeping the promise he made earlier last month to strike the terrorists he believes are killing innocent Christians.

Although described as powerful and deadly, the casualty caused by the attack is yet to be released.

Explaining further, security expert, Brant Philip, said the strikes may have been launched “from the USS Paul Ignatius, using a Tomahawk missile.”

The Nigerian government through its ministry of foreign affairs has also confirmed that the strikes were successful.

Watch video here