Forbes has released its 2025 list of the world’s Black billionaires, and six Nigerians have made the prestigious ranking, reaffirming Nigeria’s status as a powerhouse of African wealth and entrepreneurship. The list highlights individuals of African descent who have amassed fortunes across industries such as oil, finance, manufacturing, and technology.
Leading the Nigerian contingent is Aliko Dangote, Africa’s richest man, whose wealth is primarily rooted in cement and sugar production. He is joined by Mike Adenuga, the telecom and oil tycoon behind Globacom and Conoil. The list also includes Femi Otedola, known for his investments in energy and finance, and Abdul Samad Rabiu, chairman of BUA Group, a major player in Nigeria’s industrial sector.
In a notable development, two younger Nigerian billionaires made the list: technology entrepreneur Iyinoluwa Aboyeji and real estate mogul Sijibomi Ogundele. Their inclusion signals a generational shift in Nigerian wealth creation, with emerging sectors like tech and real estate joining traditional sources like oil and manufacturing.
The presence of six Nigerians on the global stage not only underscores individual financial success but also reflects the growing influence of African entrepreneurs in global markets. Forbes’ list serves as recognition of both legacy wealth and the new wave of innovators reshaping the continent’s economic landscape.