Get to know the wealthiest Nigerians with our list of the Top 20 Richest Men in Nigeria. From Aliko Dangote to Femi Otedola, discover their net worth now!
Have you ever wondered who the wealthiest individuals in Nigeria are? With a population of over 200 million people, it’s no surprise that Nigeria is home to some of the richest men on the African continent. From oil moguls to telecommunications tycoons, these individuals have amassed vast fortunes through hard work, determination, and strategic investments. In this article, we’ll take a look at the top 20 richest men in Nigeria and explore their various business ventures and net worth. So, let’s dive in and discover how these billionaires made their fortunes!
Introduction
Nigeria is a country with abundant natural resources and a vibrant economy. As a result, it has produced some of the richest men in Africa. These individuals have made their fortunes through various industries, including oil and gas, telecommunications, real estate, and banking. In this article, we will take a look at the top 20 richest men in Nigeria.
1. Aliko Dangote
Aliko Dangote is the richest man in Nigeria and Africa with a net worth of $8.3 billion. He is the founder and CEO of Dangote Group, a conglomerate with interests in cement, sugar, flour, and salt. Dangote is also involved in other sectors, including real estate, oil, and gas. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
2. Mike Adenuga
Mike Adenuga is the second richest man in Nigeria with a net worth of $7.7 billion. He is the founder and CEO of Globacom, a telecommunications company that operates in Nigeria and other African countries. Adenuga also has interests in oil exploration and real estate. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
3. Abdulsamad Rabiu
Abdulsamad Rabiu is the third richest man in Nigeria with a net worth of $3.1 billion. He is the founder and CEO of BUA Group, a conglomerate with interests in cement, sugar, and real estate. Rabiu also has interests in oil exploration and mining. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
4. Folorunsho Alakija
Folorunsho Alakija is the fourth richest woman in Africa and the richest woman in Nigeria with a net worth of $1 billion. She is the founder and CEO of Famfa Oil, an oil exploration company that operates in Nigeria. Alakija is also involved in real estate and fashion. She is known for her philanthropy and has donated millions of dollars to various causes in Nigeria.
5. Tony Elumelu
Tony Elumelu is the fifth richest man in Nigeria with a net worth of $1 billion. He is the founder and CEO of Heirs Holdings, a private investment firm with interests in banking, energy, and real estate. Elumelu is also known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
6. Jim Ovia
Jim Ovia is the sixth richest man in Nigeria with a net worth of $980 million. He is the founder and former CEO of Zenith Bank, one of the largest banks in Nigeria. Ovia is also involved in real estate and telecommunications. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
7. Orji Uzor Kalu
Orji Uzor Kalu is the seventh richest man in Nigeria with a net worth of $840 million. He is the founder and CEO of Slok Holding, a conglomerate with interests in oil and gas, real estate, and media. Kalu is also involved in politics and was a former governor of Abia State. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
8. Theophilus Danjuma
Theophilus Danjuma is the eighth richest man in Nigeria with a net worth of $750 million. He is the founder and CEO of South Atlantic Petroleum, an oil exploration company that operates in Nigeria and other African countries. Danjuma is also involved in real estate and philanthropy. He has donated millions of dollars to various causes in Nigeria.
9. Pascal Dozie
Pascal Dozie is the ninth richest man in Nigeria with a net worth of $620 million. He is the founder and former CEO of Diamond Bank, one of the largest banks in Nigeria. Dozie is also involved in telecommunications and real estate. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
10. Cosmas Maduka
Cosmas Maduka is the tenth richest man in Nigeria with a net worth of $580 million. He is the founder and CEO of Coscharis Group, a conglomerate with interests in automobile sales, real estate, and agriculture. Maduka is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
11. Umaru Abdul Mutallab
Umaru Abdul Mutallab is the eleventh richest man in Nigeria with a net worth of $520 million. He is the founder and former CEO of United Bank for Africa, one of the largest banks in Nigeria. Mutallab is also involved in real estate and philanthropy. He has donated millions of dollars to various causes in Nigeria.
12. Mohammed Indimi
Mohammed Indimi is the twelfth richest man in Nigeria with a net worth of $500 million. He is the founder and CEO of Oriental Energy Resources, an oil exploration company that operates in Nigeria. Indimi is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
13. Oba Otudeko
Oba Otudeko is the thirteenth richest man in Nigeria with a net worth of $450 million. He is the founder and CEO of Honeywell Group, a conglomerate with interests in manufacturing, oil and gas, and real estate. Otudeko is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
14. Hakeem Belo-Osagie
Hakeem Belo-Osagie is the fourteenth richest man in Nigeria with a net worth of $400 million. He is the chairman of Etisalat Nigeria, a telecommunications company that operates in Nigeria. Belo-Osagie is also involved in real estate and philanthropy. He has donated millions of dollars to various causes in Nigeria.
15. Jimoh Ibrahim
Jimoh Ibrahim is the fifteenth richest man in Nigeria with a net worth of $350 million. He is the founder and CEO of Global Fleet Group, a conglomerate with interests in oil and gas, real estate, and hospitality. Ibrahim is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
16. Leo Stan Ekeh
Leo Stan Ekeh is the sixteenth richest man in Nigeria with a net worth of $300 million. He is the founder and CEO of Zinox Technologies, an information technology company that operates in Nigeria. Ekeh is also involved in real estate and philanthropy. He has donated millions of dollars to various causes in Nigeria.
17. Oba Okunade Sijuwade
Oba Okunade Sijuwade was the seventeenth richest man in Nigeria with a net worth of $75 million before his passing in 2015. He was the traditional ruler of the city of Ife in Nigeria and had interests in real estate and hospitality. Sijuwade was known for his philanthropy and had donated millions of dollars to various causes in Nigeria.
18. Cletus Ibeto
Cletus Ibeto is the eighteenth richest man in Nigeria with a net worth of $70 million. He is the founder and CEO of Ibeto Group, a conglomerate with interests in cement, oil and gas, and automobile manufacturing. Ibeto is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
19. Gabriel Igbinedion
Gabriel Igbinedion is the nineteenth richest man in Nigeria with a net worth of $50 million. He is the founder and CEO of Igbinedion University, a private university in Nigeria. Igbinedion is also involved in real estate and hospitality. He is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
20. Prince Samuel Adedoyin
Prince Samuel Adedoyin is the twentieth richest man in Nigeria with a net worth of $30 million. He is the founder and CEO of Doyin Group, a conglomerate with interests in manufacturing, real estate, and hospitality. Adedoyin is known for his philanthropy and has donated millions of dollars to various causes in Nigeria.
Conclusion
In conclusion, Nigeria is home to some of the
Who Are The Top 20 Richest Men In Nigeria?
Nigeria is a country with a plethora of successful businessmen and women, and the list of top 20 richest men in Nigeria is a testament to that fact. These wealthy individuals have made their fortunes through different industries such as oil and gas, banking, real estate, hospitality, and entertainment. Let’s take a closer look at some of these successful entrepreneurs.
A Business Tycoon with A Diverse Portfolio – Dangote
Aliko Dangote is a household name in Nigeria and beyond. He is the founder and CEO of Dangote Group, one of the largest conglomerates in Africa. His company has interests in cement manufacturing, sugar refining, flour milling, and salt processing, among others. Dangote’s net worth is estimated to be over $10 billion, making him the richest man in Nigeria and the continent.
The Tech Innovator Who Made His Fortune Early – Mike Adenuga
Mike Adenuga is a Nigerian businessman who made his fortune in the telecommunication industry. He is the founder and CEO of Globacom, a telecommunications company that operates in Nigeria and other African countries. Adenuga also has interests in oil exploration and real estate. His net worth is estimated to be over $8 billion.
A Visionary in The Oil And Gas Industry – Femi Otedola
Femi Otedola is a Nigerian businessman and philanthropist with interests in the oil and gas industry. He is the founder and CEO of Forte Oil, an oil marketing and distribution company in Nigeria. Otedola is also a significant shareholder in a major Nigerian bank and owns a private power generating company. His net worth is estimated to be over $1 billion.
The Banking Magnate Who Built An Empire – Jim Ovia
Jim Ovia is a Nigerian businessman and the founder of Zenith Bank, one of the largest and most successful banks in Nigeria. He is also a philanthropist and has established a foundation that supports education and poverty alleviation in Nigeria. Ovia’s net worth is estimated to be over $1 billion.
The Pioneering Entrepreneur Who Took Advantage of Opportunities – Abdulsamad Rabiu
Abdulsamad Rabiu is a Nigerian businessman and the founder of BUA Group, a conglomerate that has interests in cement, sugar, and real estate. He started his career as a commodities trader and later ventured into manufacturing. Rabiu’s net worth is estimated to be over $1.5 billion.
The Film Producer Who Defied Tradition – Obi Okeke
Obi Okeke is a Nigerian-American businessman and entrepreneur who made his fortune in the entertainment industry. He is the co-founder of Fusion Luxury Motors, a company that specializes in the sale of high-end cars to celebrities and wealthy individuals. Okeke’s net worth is estimated to be over $100 million.
The Generous Philanthropist Who Built A Multi-Billion Dollar Company – Tony Elumelu
Tony Elumelu is a Nigerian businessman and philanthropist who founded the Tony Elumelu Foundation, an organization that supports African entrepreneurs. He is also the founder of Heirs Holdings, a diversified investment company with interests in banking, oil and gas, and real estate. Elumelu’s net worth is estimated to be over $1 billion.
The Former CEO Who Revolutionized The Hospitality Industry – Wale Tinubu
Wale Tinubu is a Nigerian businessman and the former CEO of Oando PLC, an oil and gas company in Nigeria. He is also the founder of Global Energy Company, a company that provides energy solutions to African countries. Tinubu has interests in real estate and hospitality and has been credited with revolutionizing the Nigerian hospitality industry. His net worth is estimated to be over $700 million.
The Medical Doctor Turned Businessman With A Knack For Real Estate- Cletus Ibeto
Cletus Ibeto is a Nigerian businessman who started his career as a medical doctor before venturing into business. He is the founder and CEO of Ibeto Group, a conglomerate with interests in real estate, manufacturing, and oil and gas. Ibeto’s net worth is estimated to be over $3 billion.
The Veteran Investor Who Continues To Expand His Empire – Cosmas Maduka
Cosmas Maduka is a Nigerian businessman and entrepreneur who started his career as a mechanic before venturing into business. He is the founder and CEO of Coscharis Group, a conglomerate with interests in automobile sales and leasing, real estate, and hospitality. Maduka’s net worth is estimated to be over $800 million.
In conclusion, these top 20 richest men in Nigeria are not only successful entrepreneurs but also philanthropists who have contributed significantly to the growth of the Nigerian economy. Their stories serve as an inspiration to aspiring entrepreneurs and demonstrate that with hard work and determination, anything is possible.
Who Are The Top 20 Richest Man In Nigeria?
Nigeria is home to some of the wealthiest individuals in Africa, with a number of billionaires dominating various industries and sectors. Here are the top 20 richest men in Nigeria:
- Aliko Dangote – With a net worth of over $16 billion, Dangote is not only the richest man in Nigeria but also the richest man in Africa. He made his fortune through his conglomerate Dangote Group, which has interests in cement, sugar, salt, and other commodities.
- Mike Adenuga – Adenuga is the second richest man in Nigeria, with a net worth of over $6.2 billion. He is the founder of Globacom, one of Nigeria’s largest telecommunications companies, and also has interests in oil exploration and real estate.
- Folorunsho Alakija – Alakija is the third richest person in Nigeria, with a net worth of over $1 billion. She made her fortune in the oil industry and is the founder of Famfa Oil Limited.
- Abdulsamad Rabiu – Rabiu is the founder and chairman of BUA Group, a conglomerate with interests in cement, sugar, and real estate. His net worth is over $1 billion.
- Theophilus Danjuma – Danjuma is a retired Nigerian Army general who made his fortune in the oil industry. He is the founder of South Atlantic Petroleum and has a net worth of over $1 billion.
- Tony Elumelu – Elumelu is the founder of Heirs Holdings, an investment company with interests in various sectors such as energy, healthcare, and hospitality. His net worth is over $700 million.
- Jim Ovia – Ovia is the founder of Zenith Bank, one of Nigeria’s largest banks. He has a net worth of over $600 million.
- Orji Uzor Kalu – Kalu is the founder of Slok Holding, a conglomerate with interests in shipping, banking, and media. His net worth is over $500 million.
- Rochas Okorocha – Okorocha is a politician and businessman who made his fortune in the oil industry. His net worth is over $500 million.
- Adewale Tinubu – Tinubu is the CEO of Oando, an oil and gas company with operations in Nigeria and other African countries. His net worth is over $350 million.
- Tunde Folawiyo – Folawiyo is the CEO of Yinka Folawiyo Group, a conglomerate with interests in oil and gas, real estate, and shipping. His net worth is over $350 million.
- Leo Stan Ekeh – Ekeh is the founder and chairman of Zinox Technologies, a computer hardware and software company. His net worth is over $300 million.
- Arthur Eze – Eze is an oil magnate and the founder of Atlas Oranto Petroleum. His net worth is over $200 million.
- Kola Aluko – Aluko is an oil magnate and investor with interests in real estate and aviation. His net worth is over $100 million.
- Cosmas Maduka – Maduka is the founder of Coscharis Group, a conglomerate with interests in automobiles, agriculture, and real estate. His net worth is over $100 million.
- Pascal Dozie – Dozie is the founder of Diamond Bank, one of Nigeria’s largest banks. He has a net worth of over $100 million.
- Umaru Abdul Mutallab – Mutallab is a businessman and former chairman of First Bank of Nigeria. His net worth is over $50 million.
- Femi Otedola – Otedola is the founder of Zenon Petroleum and Gas Limited. His net worth is over $50 million.
- Wale Babalakin – Babalakin is a lawyer and businessman with interests in aviation, real estate, and construction. His net worth is over $50 million.
- Sani Bello – Bello is a businessman and former governor of Niger State. His net worth is over $40 million.
Pros and Cons of the Top 20 Richest Men in Nigeria
The top 20 richest men in Nigeria are all successful entrepreneurs and businessmen who have made significant contributions to the country’s economy. However, there are also some pros and cons associated with their wealth and influence:
Pros
- They are job creators – The wealth generated by these individuals has led to the creation of numerous jobs across various sectors, thereby reducing the unemployment rate in the country.
- They contribute to economic growth – The businesses and industries established by these individuals have contributed significantly to Nigeria’s economic growth and development.
- They invest in social causes – Many of these individuals are known for their philanthropic activities and have invested heavily in education, healthcare, and other social causes.
Cons
- They may wield too much influence – The immense wealth and power of these individuals may give them too much influence over government policies and decision-making processes.
- They may engage in unethical practices – Some of these individuals have been accused of engaging in corrupt practices or exploiting their wealth and power for personal gain.
- They may exacerbate income inequality – The concentration of wealth in the hands of a few individuals may exacerbate income inequality and widen the gap between the rich and poor in Nigeria.
Overall, while the top 20 richest men in Nigeria have made significant contributions to the country’s economy, it is important to ensure that their wealth and influence are not used to the detriment of the wider population.
As we come to the end of our journey through the list of the top 20 richest men in Nigeria, it is clear that wealth is not only a measure of success but also an indicator of hard work, dedication, and persistence. These individuals have achieved great feats, worked tirelessly towards their goals, and have contributed immensely to the growth and development of Nigeria.
From Aliko Dangote, Nigeria’s wealthiest man, to Jim Ovia, the founder of Zenith Bank, and Mike Adenuga, whose wealth is derived from telecommunications and oil exploration, these men have proven that success can be attained in various sectors of the economy. The list also includes individuals who have made their mark in the entertainment industry, such as Don Jazzy and Davido.
It is important to note that their success stories are not just about accumulating wealth but also about giving back to society. Many of these individuals have established foundations and philanthropic organizations that focus on education, healthcare, and poverty alleviation. They have also created employment opportunities for thousands of Nigerians, thereby contributing to economic growth and development.
In conclusion, the top 20 richest men in Nigeria are not only a source of inspiration but also a testament to the fact that with hard work, dedication, and perseverance, anyone can achieve their dreams. Their success stories should motivate us to strive for greatness and make a positive impact in our society. Let us celebrate their achievements and continue to support their efforts towards building a better Nigeria for all.
People often ask who are the top 20 richest men in Nigeria, and it’s no surprise why. Nigeria is home to some of the wealthiest individuals on the African continent, with vast fortunes amassed through various industries and enterprises. Here are the answers to some of the most commonly asked questions about the top 20 richest men in Nigeria:
Who is the richest man in Nigeria?
- Aliko Dangote: With a net worth of over $11 billion, Aliko Dangote is not only the richest man in Nigeria but also the wealthiest person in Africa. He made his fortune through his conglomerate, the Dangote Group, which has interests in cement, sugar, flour, and more.
Who else is among the top 5 richest men in Nigeria?
- Mike Adenuga: With a net worth of over $6 billion, Mike Adenuga is the second richest man in Nigeria. He made his fortune through his telecommunications company, Globacom, as well as his oil exploration company, Conoil.
- Abdulsamad Rabiu: With a net worth of over $3 billion, Abdulsamad Rabiu is the third richest man in Nigeria. He made his fortune through his conglomerate, the BUA Group, which has interests in cement, sugar, and more.
- Folorunsho Alakija: With a net worth of over $1 billion, Folorunsho Alakija is the fourth richest woman in Africa and the fourth richest person in Nigeria. She made her fortune through her oil exploration company, Famfa Oil.
- Theophilus Danjuma: With a net worth of over $1 billion, Theophilus Danjuma is the fifth richest man in Nigeria. He made his fortune through his oil exploration company, South Atlantic Petroleum.
Who else is in the top 20 richest men in Nigeria?
- Femi Otedola: With a net worth of over $800 million, Femi Otedola made his fortune through his oil and gas company, Forte Oil.
- Tony Elumelu: With a net worth of over $700 million, Tony Elumelu made his fortune through his investment company, Heirs Holdings.
- Jim Ovia: With a net worth of over $600 million, Jim Ovia made his fortune through his banking company, Zenith Bank.
- Orji Uzor Kalu: With a net worth of over $500 million, Orji Uzor Kalu made his fortune through his conglomerate, the Slok Group.
- Rochas Okorocha: With a net worth of over $500 million, Rochas Okorocha made his fortune through his real estate company, Rochas Foundation.
- Cosmas Maduka: With a net worth of over $500 million, Cosmas Maduka made his fortune through his automobile company, Coscharis Group.
These are just a few of the top 20 richest men in Nigeria, each with their unique story of how they became successful. From oil and gas to telecommunications and banking, these individuals have proven that hard work, dedication, and perseverance can lead to great wealth and success.