Forbes’ 2025 World’s Billionaires List reveals that out of 3,028 billionaires globally, only 23 are Black, representing a mere 0.8% of the total. Notably, six Nigerians are among these forbes’ list of Black billionaires, highlighting Nigeria’s significant contribution to Black wealth worldwide.

Leading the Nigerian contingent is Aliko Dangote, chairman of the Dangote Group, with a net worth of $23.9 billion. Dangote’s wealth surged by $10.5 billion over the past year, largely due to the commencement of operations at the Dangote Refinery in early 2024. ​

Mike Adenuga, founder of Globacom, ranks fifth among Black billionaires, boasting a net worth of $6.8 billion. His wealth stems from ventures in telecommunications, oil, and real estate.

Abdulsamad Rabiu, founder of BUA Group, holds the sixth position with a net worth of $5.1 billion, derived from industries such as cement and sugar. ​

Adebayo Ogunlesi, CEO of Global Infrastructure Partners (GIP), is the 11th Black billionaire globally, with a net worth of $2.2 billion. In October 2024, Ogunlesi sold GIP to BlackRock for $12.5 billion in cash and stock.

Tope Awotona, founder of scheduling software company Calendly, has a net worth of $1.4 billion. Established in 2013, Calendly was valued at $3 billion in 2021 by private investors.

Femi Otedola, chairman of First HoldCo, also features on the list with a net worth of $1.5 billion. His wealth experienced significant growth, making him one of the fastest-growing Nigerian billionaires. ​

Collectively, these six Nigerians underscore the country’s robust presence in the global economic landscape, contributing significantly to the representation of Black billionaires worldwide.

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