Nigerian billionaires' wealth drops third time in 2024 to $23.8b

Science and Technology Science and Technology

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Nigerian billionaires' wealth drops third time in 2024 to $23.8b

Nigerian billionaires' wealth drops third time in 2024 to $23.8b

^{Published on 2024-12-04 14:11:30 - Tim Hastings, N@N}

The combined net worth of Nigeria's four wealthiest individuals is $23.8 billion, according to the Forbes Real-Time Billionaires List,

The wealth of Nigerian billionaires has decreased for the third time in 2024, totaling $23.8 billion, according to the Bloomberg Billionaire Index. This decline is attributed to various economic factors affecting the country, including currency devaluation and market volatility. Despite this, the article highlights that Nigerian billionaires like Aliko Dangote, Mike Adenuga, and Abdul Samad Rabiu continue to be significant players in Africa's economic landscape, with their fortunes still considerable but reduced from previous highs. The report also notes the broader implications for Nigeria's economy, suggesting that the wealth drop reflects ongoing challenges such as inflation, foreign exchange issues, and policy uncertainties.

Read the Full businessday Article at:
[ https://businessday.ng/news/article/nigerian-billionaires-wealth-drops-third-time-in-2024-to-23-8b/ ]