Aliko Dangote, Mike Adenuga, Femi Otedola and Abdulsamad Rabiu have been listed among Africa’s wealthiest individuals in 2026.
According to the latest Africa Billionaires ranking released by Forbes, Dangote maintained his position as Africa’s richest man with an estimated net worth of $28.5 billion.
His fortune grew by about $4.6 billion over the past year, largely driven by the strong performance of Dangote Cement on the Nigerian Exchange Limited.
Telecommunications tycoon Adenuga also retained his place among Africa’s billionaires. The founder of Globacom and chairman of Conoil Producing remains one of Nigeria’s most prominent entrepreneurs, with business interests spanning telecommunications, oil and gas, and banking.
Otedola, chairman of Geregu Power Plc, also made the list despite experiencing a slight decline in his wealth over the past year. Forbes estimates that the billionaire investor lost around $200 million after selling a majority stake in the power generation firm at a discount to its market price.
Meanwhile, Rabiu’s rising wealth was largely attributed to the performance of BUA Cement, whose shares surged by 135 per cent over the past year, outperforming the broader rally on the Nigerian stock market.
In total, the continent’s 23 billionaires are now worth a combined $126.7 billion, representing a 21 per cent increase from 2025 after they collectively added $20.3 billion to their fortunes.
Across Africa, billionaire wealth was boosted by strong equity market performance, record corporate profits and improving currency stability in several economies.
South Africa recorded the highest number of billionaires on the list with seven individuals, followed by Egypt with five, Nigeria with four and Morocco with three.
However, no female billionaires from Africa appeared on the 2026 ranking list.