a Billionaire businessman Femi Otedola just lately took to social media to specific his pleasure over his return to the Forbes African Billionaires record after a seven-year hiatus. He shared a photograph of the announcement on his Instagram web page, writing “Fascinating” and including smiley face and greenback emojis.
The 61-year-old entrepreneur at present sits at quantity 20 on the record with a internet value of $1.1 billion.
In accordance with Forbes, the wealth of the 2024 record of 20 billionaires elevated to $82.4 billion from final 12 months's $81.5 billion, partly because of Otedola's return. Earlier than then, the final time the enterprise mogul appeared on the Forbes Africa record was in 2017. This 12 months he ranked twentieth on the record.
Otedola, the Govt Chairman of Geregu Energy Plc, and former CEO of Forte Oil, has enterprise pursuits spanning the power, energy technology, actual property and transport sectors.
Regardless of stiff competitors from multinational oil corporations, Otedola's firm has managed to keep up its place as a significant participant within the Nigerian power sector.
Different Nigerian billionaires on the record embody Aliko Dangote, who occupies the primary spot and retains his title as Africa's richest billionaire with a internet value of $13.1 billion; whereas Mike Adenuga, proprietor of Globacom and different corporations, ranks fifth with a internet value of $6.9 billion.
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