**Femi Otedola Slips to Africa's Poorest Billionaire, Nigerians React** In a recent ranking by Forbes, Femi Otedola, a renowned Nigerian businessman, has been listed as Africa's "poorest billionaire" with a net worth of about $1.3 billion. This comes after his net worth took a hit due to the sale of a significant portion of his stake in Geregu Power Plc at a lower price than the company's market value. According to the 2026 Africa Billionaires List, the combined wealth of the continent's top 23 billionaires now stands at $126.7 billion, a significant increase from previous years. The surge in wealth is largely attributed to the strong performance of regional equity markets. Interestingly, Otedola shares the bottom spot on the list with Moroccan businessman Anas Sefrioui, both with a net worth of $1.3 billion. This has sparked reactions from Nigerians on social media, with some poking fun at Otedola's situation. "No wonder Cuppy sold her car," one fan joked, referencing the billionaire's daughter, DJ Cuppy, who recently sold her car on social media. The Forbes report highlights the growing wealth of Africa's billionaires, with 14 of the 23 individuals listed as self-made. However, the list also reveals a notable demographic gap, with no female billionaires on the continent and most of the listed billionaires above the age of 60. The youngest among them is Tanzanian businessman Mohammed Dewji, who is 50. Nigeria is represented on the list with four billionaires, including Aliko Dangote, who is a notable figure in the country's business landscape. South Africa leads the continent with seven billionaires, followed by Egypt with five. Morocco has three billionaires on the list. The ranking by Forbes provides an interesting insight into the lives of Africa's wealthiest individuals and the factors that affect their net worth. As Nigerians, it's fascinating to see how our own billionaires fare on the list and what this says about our economic landscape.