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Full List: Forbes 2024 Top 20 African Billionaires

The president of Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa with a net worth of $13.9 billion, according to the 2024 Forbes list of 20 of Africa’s Richest billionaires.
While Dangote retained the top spot, his ally, Femi Otedola, who is Chairman of Geregu Power Plc, ranked among the 20 richest persons in Africa.
Otedola last appeared on the Forbes Africa list in 2017 when he held a controlling stake in Forte Oil.
Forbes in its list released yesterday said the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago.
READ ALSO: Full List Of Forbes’ 25 World Billionaires In 2023
On Otedola, Forbes said, “Otedola phased out his oil investments during a government push to privatise the country’s energy business in 2013, using a Forte subsidiary to purchase Geregu, a public power generation plant.
“He owned about 90 per cent of Geregu when it was listed on the Nigerian exchange’s Main Board in 2022, but has since sold shares to institutional investors, which include Afreximbank’s Fund for Export Development in Africa and the State Grid Corporation of China.
“His 73 per cent stake in Geregu is worth more than $850 million, about three-quarters of his $1.1 billion fortune, which puts him at No. 20 on the list.
“After taking Otedola’s comeback into account, Africa’s billionaires dipped slightly, but still fared better than the decline of four per cent last year, when African markets faded in sync with equity values around the world.
“This year, African equities joined a late-year global rally, with the S&P All Africa index rising 10 per cent in the final two months of 2023 but still ended down more than 9% in the 12 months through January 8, 2024,” Forbes stated.
Below is the list of the top 20 richest billionaires in Africa:
READ ALSO: Messi Tops Forbes’ Highest-paid Athlete List For 2022 [Full List]
1. Aliko Dangote – $13.9 billion
2. Johann Rupert & family – $10.1 billion
3. Nicky Oppenheimer & family – $9.4 billion
4. Nassef Sawiris – $8.7 billion
5. Mike Adenuga – $6.9 billion
6. Abdulsamad Rabiu – $5.9 billion
7. Naguib Sawiris -$3.8 billion
8. Mohammed Mansour – $3.2 billion
9. Roos Bekker – $2.7 billion
10. Patrice Motsepe – $2.7 billion
11. Issad Rebrab & family – $2.5 billion
12. Mohammed Dewji – $1.8 billion
13. Strive Masiyiwa – $1.8 billion
14. Aziz Akhannouch & family – $1.7 billion
15. Othman Benjelloun & family – $1.4 billion
16. Youseff Mansour – $1.3 billion
17. Yassen Mansour – $1.2 billion
18. Christoffel Wiese – $1.2 billion
19. Michiel Le Roux – $1.1 billion
20. Femi Otedola – $1.1 billion
News
YULETIDE: UBTH CMD Charges Nigerians To Be Hopeful In Coming Year

The Chief Medical Director of the University of Benin Teaching Hospital (UBTH), Prof. Idia Ize-Iyamu has urged Nigerians to remain optimistic about the upcoming year, despite current challenges.
Prof. Ize-Iyamu expressed optimism that the coming year would bring improvements for everyone.
The CMD made these remarks during the Nine Lessons and Carol night /End of Year Party organized by UBTH for staff and students held in Benin.
Prof. Ize-Iyamu encouraged everyone to place their trust solely in Christ to overcome the numerous challenges facing the country.
READ ALSO:UBTH CMD Laments Inadequate Heath Workers, As Minister Promises Increased Funding
She expressed her gratitude to the hospital community for their support during her first four months in office.
Prof. Ize-Iyamu assured them that the coming years hold many opportunities and that hope in Christ would transform lives daily, just as Christ’s birth brings joy and is the reason for the season.
She also extended her appreciation to everyone in the spirit of the season.
READ ALSO:UBTH Marks 2023 World Antimicrobial Resistance Awareness Week
“I want to appreciate everyone in the spirit of the season. Our commitment to excellence and professionalism remains at UBTH.
“UBTH CARES and just like Christ cares. As we celebrate Christ and the season. Let’s hope on him. When you have Christ, you have hope.We are hopeful that the coming year will be better as a people and institution,” Ize-Iyamu said.
The ceremony’s highlight featured a visit to the hospital wards where the CMD distributed gifts to patients and newborns, with management, staff, and students in attendance.
News
Christmas: Edo Deputy Gov Preaches Unity, Hope

The Deputy Governor of Edo State, Hon. Dennis Idahosa has called on residents of the state to embrace unity, love, and renewed hope as Christians celebrate Christmas.
In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa emphasised that Christmas represents values that unite people, regardless of tribe, religion, or politics, promoting compassion, generosity, and peace.
He described the birth of Jesus Christ as a timeless reminder of the values of peace, sacrifice, and compassion, which he said are critical to societal growth and harmonious coexistence.
He urged Edo people to take advantage of the festive season to strengthen communal ties, extend goodwill to the less privileged, and recommit themselves to the collective development of the state.
READ ALSO:Edo Dep. Gov. Idahosa Inducted, Bestowed With Rotary Premium Award
The deputy governor further said that Christmas underscores the importance of shared humanity and collective responsibility in building a prosperous society.
“Christmas is a season that reminds us of the power of hope and shared humanity.
“As a people, we must continue to stand together, support one another, and work collectively for a more prosperous Edo State,” Idahosa said.
READ ALSO:Okpebholo, Idahosa Bag UNIBEN Distinguished Service, Leadership Awards
He reassured residents of the state of the firm commitment of the Governor Monday Okpebholo-led administration to enthrone good governance, inclusive development, and people-oriented policies aimed at improving the welfare and well-being of all Edo citizens.
Idahosa also appealed to residents to celebrate the season responsibly and sustain peace and harmony before, during, and after the festivities.
He wished Christians a joyous Christmas celebration and prayed for a peaceful, progressive, and prosperous Edo State.
News
YULETIDE: Edo Sports Commission Boss Preaches Unity, Peace

The Executive Chairman of the Edo State Sports Commission, Hon. Amadin Desmond Enabulele, has extended warm Christmas greetings to athletes, coaches, sports administrators, journalists, and the people of Edo State, urging them to uphold the enduring values of love, peace, and unity that define the festive season.
In a statement issued by his Media Officer, Edoko Wilson Edoko, Hon. Enabulele described Christmas as a period of reflection, gratitude, and renewed commitment to collective progress and shared responsibility.
“I sincerely appreciate all stakeholders in the sports sector for their cooperation, resilience, and unwavering support throughout the year. Your contributions have been instrumental to the growth and success of sports in Edo State,” he said.
READ ALSO:Edo SWAN Distances Self From Online Publication Against Enabulele
He further commended Edo athletes for their dedication and discipline, noting that their consistent performances have continued to bring pride and recognition to the state at both national and international levels.
According to him, the Commission remains committed to athletes’ welfare, grassroots sports development, and the creation of opportunities that will enable talents to flourish.
Enabulele also called on residents of the state to celebrate responsibly and show compassion to one another, particularly the less privileged, emphasizing that unity and peaceful coexistence are vital for sustainable development.
READ ALSO:How Enabulele Is Driving Okpebholo’s Agenda In Edo Sports Commission
He reaffirmed the Edo State Sports Commission’s resolve to strengthen collaboration with partners and stakeholders in the coming year, with increased focus on excellence, transparency, and inclusive sports development.
The Sports Commission boss concluded by wishing everyone a joyous Christmas celebration and a prosperous New Year filled with hope, good health, and greater achievements.
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