Home Lifestyles Top #10 Richest People In Nigeria + Net Worth

Top #10 Richest People In Nigeria + Net Worth


#1. Aliko Dangote


Aliko Dangote made his first ever fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle. In April 2015 he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery and fertilizer and petrochemical complex in the country.
His publicly traded Dangote Cement is also grabbing new markets in Africa, with $750 million in new plants planned for Kenya and Niger.
Net Worth: $21.6 Billion
Rank In Nigeria: #1

#2. Mike Adenuga

Mike Adenuga is the founder of Globacom in the year 2003, which now has more than 27 million subscribers in Nigeria, making it the second largest telecommunication company in the country after South African giant MTN. His is Nigeria’s second richest man, he is also the founder of oil exploration firm Conoil Producing, which owns at least 3 producing oil blocks and is exploring for oil on 4 others.
Net Worth: $4.6Billion
Rank in Nigeria: #2
#3. Folorunsho Alakija

Folorunsho Alakija’s winding path to becoming the second richest woman in Africa began in London, where she pursued secretarial studies and fashion design as a young woman. (She and her sister were reportedly the only two of her father’s 52 children sent abroad to study). She is the only woman on the list and the second richest woman in Africa.
Alakija continues to work toward a better future for Nigeria. In 2008, she founded The Rose of Sharon Foundation, which works to help widows and orphans.
Net Worth: $2.5 Billion
Rank In Nigeria: #3

#4. Theophilus Danjuma

Theophilus Danjuma is the former Nigerian minister of defense, he is the founder and owner of South Atlantic Petroleum (SAPETRO).
He own 15% stake in the Akpo deepwater oil field alongside operator Total and China’s CNOOC and also owns a stake in Notore Chemical Industries, a manufacturer of urea fertilizer, as well as a stake in NALComet, one of Nigeria’s largest shipping companies.
Net Worth: $1.1 Billion
Rank IN Nigeria: #4

#5. Tony Elumelu

Tony Elumelu is one of the Africa’s most revered business leaders, he makes his debut on the Forbes list of Africa’s richest this year thanks to a variety of investments, including a controlling interest in Transcorp; a significant stake in the United Bank for Africa;and an extensive portfolio of real estate across Nigeria, among other assets.
Net Worth: $1 Billion
Rank in Nigeria: #5

#6. Orji Uzor Kalu

He was the former governor of Abia state. He is the founder of Slok Holding, a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media. He got his start in business at age 19 after being expelled from a Nigerian university for spearheading a series of student riots. He then took a $35 loan from his mother and started trading commodities like palm oil, rice, sugar, salt and flour. He hit the big time in the early 80s when the Nigerian military government awarded him lucrative contracts to import and supply arms and ammunition to Nigeria’s military and defense forces.
Net Worth: $ 1 Billion
Rank In Nigeria: #6

#7. Femi Otedola

The Nigerian energy tycoon Femi Otedola is the heads petroleum marketing company Forte Oil, whose shares soared starting in the spring of 2014 but have fallen from the high levels reached in June. He made $398 Million in 90 days Earlier this year, as the shares of Forte Oil Plc surged 176% in that period. Otedola is the controlling shareholder of Forte Oil, with a 75% stake. The company owns gas stations and fuel storage depots and manufactures its own line of engine oils.
Net Worth: $900 Million
Rank In Nigeria: #7

#8. Jim Ovia

Jim Ovia was appointed as chairman of Zenith Bank Group, the same bank he founded more than 20 years ago. He remains the bank’s largest individual shareholder with a 9.3% stake, other assets include real estate across Nigeria, and Visafone.
Net Worth: $850 Million
Rank In Nigeria: #8

#9. Abdulsalam Rabiu

Abdulsamad Rabiu runs BUA Group, a conglomerate active in flour milling, pasta manufacturing, ports and terminals management and sugar refining.
Net Worth: $700 Million
Rank In Nigeria: #9

#10. Mohammed Indimi

He is the founder of Oriental Energy Resources, a privately held Nigerian oil exploration and production company.
Net Worth: $670 Million
Rank in Nigeria: #10

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