Are you one of the people who thinks Nigeria, being a developing country, doesn’t have people who are amongst the richest men in the world? You are not alone.
Come with me as Knownigeria.com explores the lives and legacies of the 14 Richest Men in Nigeria, their ascent to fame, their influence on the country’s economy, and the unanswered riddles surrounding their money.
Table of Contents
14 richest men in Nigeria
1. ALIKO DANGOTE
- Estimated Net worth: 13.9 billion
Aliko Dangote is a businessman who owns a large business known as Dangote Group. He is 66 years old, divorced with 3 children.
The major source of his wealth is Sugar and Cement. His company produces a variety of things ranging from food items to building materials. They produce Dangote Salt, Dangote Sugar, and Dangote Cement among others.
His grandfather, Dantata, was a trader in Kano. He was known to be the richest man in Kano while Aliko Dangote is now known to be one of the richest men in Nigeria.
He claimed that being around his grandfather, Dantata was what fostered his mentality on entrepreneurship.
After he graduated from college, he borrowed $3,000 from his uncle. He used this money to import and market agricultural goods in Nigeria. He has been a major contributor to the expansion of Nigeria’s economy and employment sector.
2. ABDULSAMAD RABIU
- Estimated Net worth: $5.9 billion
Abdulsamad Rabiu is a notable person in Nigeria. He is among the richest men in Nigeria.
He is the founder and CEO of BUA Group. He has made a substantial contribution to the industrialization and economic growth of Nigeria. His company is the one that produces the well-known BUA Cement.
The sugar and cement industries are the main sources of his fortune.
3. FEMI OTEDOLA
- Estimated Net worth: $1.1 billion
Femi Otedola is also one of the richest men in Nigeria. He is the chairman of Geregu Power Plc.
Forte Oil is a publicly traded firm, with Femi Otedola being its largest stakeholder.
Nationwide, the corporation has about 500 petrol stations. He has financial, real estate, and maritime investments as well. His business, Zenon Petroleum and Gas Ltd., focuses on marketing and distribution.
He has made large investments in a variety of other industries, including real estate, shipping, and banking.
In an additional effort to accomplish sector liberalization, he has made investments in the electricity generation industry.
His major sources of wealth are real estate, shipping, investment in petroleum, and finance.
4. MIKE ADENUGA
- Estimated Net worth: $6.9 billion
Mike Adenuga is a very popular businessman in Nigeria. He is the founder of one of the top telecom companies known as Globacom. This company ranked as the second-best telecommunications company in the whole of West Africa.
Adenuga is among the richest men in Nigeria. He works in a variety of industries, including oil and gas.
5. TONY ELUMELU
- Estimated Net worth: $1.4 billion
Tony Elemelu is the CEO and founder of Heirs Holdings. He is a philanthropist, investor, and businessman from Nigeria.
Tony Elumelu made the list as one of the richest men in Nigeria and the sources of his wealth are real estate, investments in financial services health care power oil, and gas. Tony Elumelu is renowned for his charitable endeavors that support African business owners.
6. THEOPHILUS DANJUMA
- Estimated Net worth: $1.1 billion
General Theophilus Danjuma (Rtd) is a former lieutenant general and politician in Nigeria who is currently a businessman.
He was influential in the country’s political and military developments following independence. The oil exploration company South Atlantic Petroleum was founded by him.
Shipping and petroleum allowed Danjuma to accumulate a vast fortune.
7. JIM OVIA
- Estimated Net worth: $1 billion
Jim Ovia is one of the businessmen and richest men in Nigeria. He is the founder of one the biggest and most prosperous banks in Nigeria known as Zenith Bank. He is also active in other industries, including real estate and telecommunications.
Jim Ovia is a master’s degree holder in business administration which has contributed to his success as a businessman.
Jim Ovia founded Visafone Communications Limited and serves as chairman of the National Information Technology Advisory Council (NITAC) and the Nigerian Software Development Initiative (NSDI).
In addition to the Digital Bridge Institute (DBI), he is a member of the Honorary International Investor Council. At Cyberspace Network Limited, he serves as chairman.
8. PASCAL DOZIE
- Estimated Net worth: $1 billion
Another notable man worthy to be among the richest men in Nigeria is Pascal Dozie. He is an entrepreneur and businessman in Nigeria. He is the owner of a well-known bank in Nigeria known as the Diamond Bank.
To assist traders in South-Eastern Nigeria who were having banking issues, Dozie sought a banking license. Diamond Bank was established as a result of this.
He is also the chairman of Pan-Atlantic University. He was once appointed the chairman of Progress Bank and also a one-time President of the Nigerian Stock Exchange.
He served as chairman of MTN Group and presently owns shares in the business. Dozie is also active in other sectors, including finance and telecommunications.
9. LEO STAN EKEH
- Estimated Net worth: $1 billion
Leo Stan Ekeh is a businessman and among the richest men in Nigeria. He founded Zinox Group and serves as its chairman. In addition, he chairs Konga.com.
In 2001, Leo Stan Ekeh founded Zinox Technologies Limited to produce computers. Upon launch, he made sure Zinox Computers received the WHQL certification already.
10. EMEKA OFFOR
- Estimated Net worth: $2.1 billion
Emeka Offor is an oil magnate, philanthropist, and businessman from Nigeria. He founded the Sir Emeka Offor Foundation and served as the CEO of Chrome Group, a major oil and gas company in West Africa, as well as the former chairman of Erhc Energy Inc.
11. CLETUS IBETO
- Estimated Net worth: $3.7 billion
Cletus is a well-known investor in the automobile sector. He is a businessman and among the richest men in Nigeria.
He is in charge of The Ibeto Group, the biggest company in Nnewi, a city renowned for its spirit of entrepreneurship. This company has holdings in the hospitality, real estate, and manufacturing industries.
In terms of trade and later the development of industry in the country and region, the Ibeto Group led by Ibeto set the pace.
12. AURTHOR EZE
- Estimated Net worth: $5.8 billion
Aurthor Eze is a businessman in Nigeria. He serves as CEO of Atlas Oranto Petroleum, the country’s biggest privately held oil exploration and production firm.
The largest privately held exploration and production business in Nigeria with an emphasis on Africa, and without a doubt the largest holder of oil exploration blocks in Africa. With 22 permits for exploration of oil and gas in 12 jurisdictions around Africa with properties in the Gambia, Equatorial Guinea, Nigeria, and Liberia, Atlas Oranto Oil takes great satisfaction in its status as an oil and gas exploration firm.
With its corporate headquarters situated in Abuja, the federal capital of Nigeria, Atlas Oranto maintains regional offices and representatives throughout key investment sites in West Africa, with its technical base being in Lagos.
13. AUWALU ABDULLAHI RANO
- Estimated Net worth: $9 billion
Auwalu Abdullahi Rano is a well-known businessman. In addition to being the creator of Rank Airlines, he serves as the CEO of AA Rano Group.
Auwalu Abdullahi Rano, better known as AA Rano, was reportedly one of the richest men in Nigeria. AA Rano is a well-known figure in Nigeria’s oil industry. He is the owner of one of the country’s largest oil distribution and trucking companies.
14. IGHO CHARLES SANOMI
- Estimated Net worth: $1 billion
Igho Charles Sanomi is a renowned businessman in Nigeria who has interests in oil, electricity, logistics, telecommunications, the marine sector, aviation, and real estate.
He is also a geologist, public speaker, and philanthropist. In 2004, Igho Sanomi established the Nigerian energy trading company Taleveras Group.
FREQUENTLY ASKED QUESTIONS
What is the work that Arthur Eze does?
Arthur Eze is a Nigerian politician, philanthropist, and oil magnate. He leads the largest privately held Nigerian exploration and production company, Atlas Oranto Petroleum.
Which man in Africa is the youngest and richest?
Mohammed Dewji
With a $1.5 billion net worth, 48-year-old Mohammed Dewji is the youngest billionaire in Africa. With interests in manufacturing, logistics, and agriculture, MeTL Group is a multibillion-dollar conglomerate, of which he serves as CEO. Along with investing in social enterprises, Dewji is a philanthropist.
Who in Nigeria is the youngest owner of a private jet?
Muhammad Awal Mustapha
Muhammad Awal Mustapha is Mompha Junior’s true name. According to reports, a nine-year-old African child is the youngest billionaire in history. He has many mansions and travels the world in a private jet. At the age of six, Mompha Junior, a Nigerian from Lagos, acquired his first mansion.
Who is the richest Black person?
Aliko Dangote
The wealthiest African American man in the world, Aliko Dangote
He is not just the richest Black man but also the richest person in Africa and, when race is not taken into account, the 158th richest person in the world.
Who is the owner of Dangote?
Aliko Dangote
The richest man in Africa, Aliko Dangote, created and serves as chairman of Dangote Cement, the largest cement manufacturer on the continent. Via a holding firm, he owns 85% of the publicly traded Dangote Cement. Dangote Cement operates in ten African nations and has an annual production capacity of 48.6 million metric tonnes.
CONCLUSION
The richest men in Nigeria as discursive in this article represent a wide variety of Nigerian industries and areas. Their charity endeavors, commercial skills, and spirit of entrepreneurship have all helped Nigeria’s economy flourish.
These rich men are vital to the nation’s progress because they spur innovation, provide jobs, and improve communities all around the country.
REFERENCES
www.legit.ng: Top 20 richest people in Nigeria in 2024 and their net worth
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