For the first time in 2025, Nigerian billionaire industrialist Aliko Dangote has lost the title of richest man in Africa. According to Forbes, Dangote’s net worth fell to $11.1 billion as of Friday, January 10, 2025, following a $447 million (N693.50 billion) wealth loss.
Forbes lists Dangote as the 205th richest person in the world, two places below Rupert, who is ranked 200th.
Dangote is not the only Nigerian billionaire to suffer huge losses, Thursday, December 9 was also a bad day for Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, the other names in the Forbes billionaire list.
Adenuga, the second-richest in Nigeria suffered a loss of $21 million and now has a net worth of $6.8 billion. Forbes ranks Adenuga whose wealth is from oil and also the telecommunication industry as the 450th richest man in the world.
Nigerian business mogul, Abdulsamad Rabiu drops to 703rd in the Forbes billionaire ranking after losing a massive $313 million in 24 hours. He currently has a net worth of $4.6 billion.
Charismatic billionaire investor Femi Otedola remains the fourth richest man in Nigeria and ranks 2,111th on the Forbes list. His net worth suffered a significant loss of $139 million, leaving him with a total wealth of $1.5 billion.
