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Full List: Forbes 2024 Top 20 African Billionaires

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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

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JUST IN: Popular Gospel Singer Is Dead

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Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.

Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.

The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.

According to her, the two had recently spoken, unaware of the impending tragedy.

READ ALSO: How God Saved Me From Firing Squad – Gospel Artiste, Buchi

Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.

She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..

“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.

READ ALSO: Outrage As Kingsmen Flogged Anambra Man To Death [VIDEO]

“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.

“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”

The cause of her death remains undisclosed and no official statement has been issued.

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How God Saved Me From Firing Squad – Gospel Artiste, Buchi

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A popular gospel singer, Buchi Atuonwu, simply known as Buchi, has revealed how God saved him from firing squad.

During an interview on Channels Television’s Morning Brief program on Friday, Buchi said he and some other people were already lined up for execution by the firing squad.

He said despite not being religious, his desperation to be alive made him call on God and make a promise to dedicate his life to serving Him in exchange for his life if spared.

He narrated, “At a point in my life, we were laying up for execution. Indeed, the people who were to execute us were already kneeling, ready to fire. It is true that I called out to a God that I didn’t know, saying if you save me, I will serve you. Since we don’t have all the time, let me just say that He saved me from that firing squad.

READ ALSO: How I Formed Kidnap Gang During My 11yrs In Prison- Suspected Kidnapper

“Then I devoted my life to serving him. To see that my music is not empty and that it becomes an extension of a classroom for me having been a teacher in the university. The stage became an extension of the classroom. Who says musicians can not sing about GMOs, government policies, trends, events, and happenings that inform the quality of life of the people?”

Speaking on what influenced his choice of music, Buchi said his background and an intention to make a change after being spared from death were the factors responsible for his style of music.

I come from a peculiar background. Night club DJ and at the same time a university lecturer and transiting to the choir of a church having been involved in the campus confraternity, drug abuse, and youth violence amongst others.

“My kind of music has to be somewhat different. Influenced by that background and also with an intention to make a change, it led me to the kind of stories that you are referring to. Stories that manured the songs that I put out, such as gun running and violence,” he stated.

READ ALSO: Man Jumps Into Lagoon, Dies After Being Chased By Mob For Alleged Stealing

No relationship between reggae music and weed

Speaking on a controversial comment that every musician must use performance-enhanced drugs to perform at their best, Buchi said it is a narrative sold by people, adding that there is no relationship between reggae music and weed.

“It is a narrative sold by people interested in the matter. It’s like saying to watch a good movie, I need popcorn. yes, they go together, people buy it and do it. They practice it. It is also like saying to watch a good football match. I need a particular kind of drink with me.

“It is okay to sell your products and ideas but I don’t have to accept it absolutely because I know that I can watch a good movie without popcorn and I can also watch a good football game without the drinks in question. In the same way, there is no relationship between reggae music and weed.

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“Yes, I have been there, and now I am here. I know for sure that the substances that I took at that time did not enhance my performance. It is true that you have to be in a certain state of mind to give your best, but drugs don’t take you there. There are so many other things like deep thinking and concern for what you are that can take you there.”

In January, the music star refuted claims that his genre of music— reggae was connected to his past romance with marijuana.

His response followed criticisms from those who questioned the inspiration behind a book he published.
PUNCH

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UNIBEN Ex-deputy VC Is Dead

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A Former Deputy Vice-Chancellor (Academic) of the University of Benin, Edo State, Prof. Pius Iribhogbe, is dead.

Until his demise, Prof. Iribhogbe was also a consultant trauma surgeon, head of the Department of Surgery and coordinator of the School of Paramedics at the University of Benin Teaching Hospital.

The academic scholar passed on in Saudi Arabia.

UNIBEN’s Public Relations Officer, Dr Benedicta Ehanire, who confirmed the surgeon’s death said the school was yet to issue a statement.

 

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