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Top 20 Richest Men in Nigeria

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Introduction

Who are the top richest men in Nigeria?

Nigeria is a West African country and is regarded as the “Giants of Africa.”

Its economy is majorly boosted by oil and agriculture which employs most of the country’s population.

Nigeria is the most populated country in Africa thus, the working force is large and marketing is on a steady flow.

In this post, we will be dealing with the top richest men in Nigeria.

Here they come…

1. Aliko Dangote

NET WORTH: $10.1 billion

The first individual on the list of the top richest men in Nigeria is Aliko Dangote.

The Nigerian billionaire is the richest man in Africa and Nigeria.

He is the founder of The Dangote Group, a successful business conglomerate.

Dangote also has several oil refineries and has lots of investment in Nigeria and Africa as a whole.

The Nigerian has an estimated net worth of approximately $10.1 billion.

2. Mike Adenuga

NET WORTH: $7.7 billion

With an estimated net worth of around $7.7 billion, Mike Adenuga takes the second spot on the list of the top richest men in Nigeria.

The Nigerian is an investor and entrepreneur who is best known for founding Globacom (GLO), a popular telecommunication network.

It is the first Nigerian network and aside from his investment in the telco sector, Adenuga also deals in real estate and oil.

3. Abdusalam Rabiu

NET WORTH: $3.1 billion

Abdusalam Rabiu is the son of Khalifah Isyaku who was a notorious businessperson.

He is the founder of the BUA Group, which have to keep expanding to provide services across the various sectors in the economy.

Abdusalam has garnered an estimated net worth of around $3.1 billion.

4. Folorunsho Alakija

NET WORTH: $1 billion

Folorunsho Alakija is among the “top four” richest men in Nigeria.

She is the richest woman in Nigeria. The Nigerian billionaire deals on property, oil finances and so on.

The rich black lady is the founder of Famfa Oil Limited and has an estimated net worth of $1 billion.

5. Femi Otedola

NET WORTH: $990 million

Femi Otedola is one of the top richest men in Nigeria.

He was the son of Michael Otedola, a former Governor of Lagos state.

Femi is the founder of Forte Oil PLC and Zenon Petroleum and Gas Ltd and also invest in real estate, banking, finance, shipping and so on.

The Nigerian has an estimated net worth of approximately $990 million.

6. Theophilus Danjuma

NET WORTH: $980 million

Theophilus Danjuma is an investor, businessman, entrepreneur, foreman, politician and philanthropist.

The Nigerian billionaire is the Chief Executive Officer of South Atlantic Petroleum, abbreviated as SAPETRO.

He has an estimated net worth of about $980 million.

7. Tony Elumelu

NET WORTH: $800 million

Tony Elumelu is a business tycoon, investor, banking expert and philanthropist.

He’s the current head of Standard Trust Bank, a successful financial institution in the country.

Starting as a Nigerian bank, he transformed UBA into pan-African banking, hub wings spreading across Africa.

Tony has an estimated net worth of roughly
$800 million.

8. Orji Uzor Kalu

NET WORTH: $700 million

Orji Uzor is a Nigerian politician, Investor and businessman.

The former governor of Abia state is the chairman of SLOK Holding.

Kalu also publishes in New Telegraph and the Publisher newspapers and has investment spanning from the marine to the media sector.

The notorious Nigerian business mogul has an estimated net worth of around $700 million.

9. Jim Ovia

NET WORTH: $670 million

Jim Ovia is a successful hustler, businessman and entrepreneur.

He is the owner of Zenith Bank, a highly successful commercial institute in Nigeria.

He was the founder of Visafone Communications Limited, a subsidiary of MTN.

The young Nigerian billionaire has an estimated net worth of approximately
$670 million.

10. Oba Otudeko

NET WORTH: $650 million

Oba Otudeko is one of the top richest men in Nigeria.

The Nigerian business tycoon is the founder of Honeywell Group, a successful food producing industry.

Oba also invest in real estate, oil and gas, marine, finances and is the chairman of FBN Holding Plc.

He has an estimated net worth of about $650 million.

11. Arthur Eze

Arthur Eze is a Nigerian businessman, entrepreneur and investor.

He is the owner of Atlas Oranto Petroleum, a notorious Nigerian business empire with investment across other African countries.

He is one of the top richest men in Nigeria.

12. Cletus Ibeto

Cletus Ibeto is a successful Nigerian hustler, business mogul, investor and entrepreneur.

He is the leading manager of Ibeto Group, a big business empire that deals in automobile, cement production technology, property and others.

13. Benedict Peters

Benedict Peters is one of the successful businessmen in Nigeria.

He mainly invests in the Oil and Gas sector and has several oil wells in the country.

The rich Nigerian entrepreneur is the owner of AITEO Group, a notorious conglomerate in Nigeria.

14. Igho Sanomi

Igho Sanomi is a Nigerian business mogul, investor, entrepreneur and technologist.

The rich Nigerian is the owner of Taleveras, a prominent energy organization.

He also invests in telecommunications and shipping and is the Executive Director of the notorious Cosmos oil AG.

15. ABC Orjiako

ABC Orjiakor is one of the top richest men in Nigeria.

He is a medical practitioner, businessperson and investor who is the founder of Seplat Petroleum.

The Harvard business school graduate and former surgeon also invest in property, agriculture and construction.

16. Bode Akindele

Bode Akindele comes in as number 16 on the list of the top richest men in Nigeria.

The prominent investor and businessman were previously one of the top 10 wealthiest individuals in Nigeria.

Nonetheless, he is the leading manager of the Mondola Group, a successful business empire with investment across several sectors in the country.

17. Emmanuel Ojei

Emmanuel Ojei is a successful Nigerian hustler, investor, entrepreneur and business magnate.

He is the acting chairman of Nuel Ojei Holding Limited, a regarded conglomerate in the country.

Emmanuel also invests in finances, shipping, construction and other business sectors across the country.

18. Mohammed Indimi

NET WORTH: $450 million

Mohammed Indimi is a self-made billionaire, businessman and hustler.

He featured among Forbes’ wealthiest Nigerian billionaires and is the owner of Oriental Energy, a successful business empire in the country.

Mohammed Indimi’s net worth is approximately $450 million.

19. Tunde Folawiyo

NET WORTH: $400 million

With an estimated net worth of approximately $400 million, Tunde Folawiyo is one of the top richest men in Nigeria.

He is the chairman of the Yinka Folawiyo Group, a prominent conglomerate.

Tunde is one of the prime directors of MTN, a highly successful telecommunication network.

20. Hakeem Belo-Osagie

Rounding off the list of the top richest men in Nigeria is Hakeem Belo-Osagie.

He is a businessman, entrepreneur, investor and scholar who have invested in the oil and gas sector, telco, finances among others.

Rich Nigeria was the former chairman of the United Bank of Africa (UBA), a pan-African financial institute.

Conclusion

Nigeria is a developing country in West Africa.

The country has the highest working force in Africa – a justifiable factor that suggests that the nation will have a significant increase of billionaires in years to come.

Having dominated the market in Africa, many permutations and combinations are expected in the future.

Do you think Nigeria can compete globally?

Princewill Ubaha is an electrical engineer by profession, a content writer by perspiration, and an Akwa Ibomite by birth. He always believed that the habit of persistence is the habit of victory.

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