According to the Forbes Real-Time Billionaire List, the combined wealth of Nigerian billionaires stood at $27.8 billion in the first quarter of 2024.
According to the index, Nigeria’s richest man, Aliko Dangote, experienced the highest decline in wealth, with his fortunes falling by about 17.8%.
Dangote’s wealth to rebound soonIn June this year, the Chairman of the Dangote Group, Aliko Dangote, lost his position as Africa’s wealthiest man to South Africa’s Johann Rupert.
Experts have predicted a rebound in Dangote’s wealth as his 650,000 bpd-capacity refinery ramps up petroleum product production.
According to the Bloomberg Billionaires Index, Dangote's wealth now stands at $13.3 billion, making him the 170th richest person in the world.
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