List of Nigerian Billionaires in Dollars

Despite the global economic meltdown, Nigeria has delivered incredible dollar-digit fortunes this year.

Despite the economic downturn, these men have effectively managed to keep their money growing.

Some people have stayed on the list, while others, like Folorunso Alakija, have dropped off.

Let’s look at the dollar billionaires in 2022:

Aliko Dangote

For the 11th year in a row, Nigerian billionaire Aliko Dangote has topped Forbes magazine's list of Africa's wealthiest people for the year 2022.

Dangote's fortune has risen from $12.1 billion to an estimated $13.9 billion in the last year.

The boost was attributable to a 30% increase in the stock price of Dangote Cement, his most valuable asset, according to Forbes.

Dangote Group, the commercial enterprise he started more than three decades ago, is one of Nigeria's largest private-sector employers and the most valuable company in West Africa.

Apart from Nigeria, Dangote has operations in Zambia, Tanzania, Togo, South Africa, Ghana, Cameroon, Senegal, Ethiopia, and the Benin Republic.

Abdulsamad Rabiu

Abdulsamad Rabiu of Nigeria, who is now worth $7 billion after taking another of his company’s public.

Rabiu's sugar and food company, BUA Foods, was floated on the Nigerian stock exchange in early January 2022.

He and his son owned 96 percent of the company, which had a market capitalization of approximately $2.8 billion at the time. (When the public float is less than 5%, Forbes lowers the value of stakes.)

In January 2020, BUA Cement, in which he and his son owned a 96 percent ownership, was listed on the stock exchange.

Mike Adenuga

Mike Adenuga is the 6^th richest person in Africa with a net worth of $6.7 billion.

He works in the telecommunications and petroleum industries. He was born on April 29th, 1953. He is the proprietor of Globacom, Nigeria's second-largest telecom company. Other African countries where Globacom has a presence include the Benin Republic and Ghana.

Equatorial Trust Bank is one of his investments. Conoil, originally known as Consolidated Oil Company, is the name of his oil exploration company.