Nigerian disc jockey Florence Ifeoluwa Otedola, professionally known as DJ Cuppy, expresses her joy as her father, billionaire Femi Otedola, secures the 20th position on Forbes’s list of the top 20 richest individuals in Africa.
Forbes maintains Aliko Dangote at the pinnacle as the wealthiest person in Africa. The ranking indicates that the combined wealth of these 20 billionaires has risen to $82.4 billion, showing an increase of $900 million from the $81.5 billion recorded in 2023.
Among the listed billionaires, South Africa claims six positions, closely followed by Egypt with five, and Nigeria securing four spots. Additionally, Algeria, Tanzania, and Zimbabwe each have one representative on the list, while Morocco boasts two billionaires in this prestigious ranking.
list of Forbes top 20 richest people in Africa
Aliko Dangote — $13.9 billion
Johann Rupert & family — $10.1 billion
Nicky Oppenheimer & family — $9.4 billion
Nassef Sawiris — $8.7 billion
Mike Adenuga — $6.9 billion
Abdulsamad Rabiu — $5.9 billion
Naguib Sawiris — $3.8 billion
Mohamed Mansour — $3.2 billion
Koos Bekker — $2.7 billion
Patrice Motsepe — $2.7 billion
Issad Rebrab & family — $2.5 billion
Mohammed Dewji — $1.8 billion
Strive Masiyiwa — $1.8 billion
Aziz Akhannouch & family — $1.7 billion
Othman Benjelloun & family – $1.4 bilion
Youseff Mansour — $1.3 billion
Yassen Mansour — $1.2 billion
Christoffel Wiese — $1.2 billion
Michiel Le Roux — $1.1 billion
Femi Otedola — $1.1 billion.
Taking to his verified Instagram page yesterday, January 23rd, 2024, billionaire Femi Otedola was extremely happy as he joins the list of Forbes top 20 richest people in Africa.
Sharing a photo of him with Dangote and 2 others, Femi Otedola wrote; “interesting 🙇🏾♂️😄… F.Ote💲.”
See his post below;
View this post on Instagram
Taking to the comment section of the post, DJ Cuppy who is clearly excited celebrates his father’s latest achievement and also hailed her acclaimed “God Father” Dangote.
She wrote; “My 2 daddies 😍.”
See screenshot of her post below;
Fact about Femi Otedola
- Femi Otedola is a Nigeria billionaire who made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business.
- Otedola is chairman of Geregu Power, a power generation business, and owns more than 70% of the shares.
- During 2022 and 2023 Otedola sold down a Geregu stake that was once more than 95% to bring on institutional investors,
- Investors in Geregu include the Nigerian government, the Afrexim Fund for Export Development in Africa and the State Grid Corporation of China.
- He also owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings.