The Richest Men in Nigeria: Forbes Top 10 (2016)

There are some individuals in Nigeria, who are well known for their wealthy aura and their business conglomerate. Today we won’t be looking at the richest people in Nigeria; we would be shining our ‘gender bias’ light of curiosity on the richest men in Nigeria. Who are the richest men in Nigeria? What businesses are they into? What is their net worth and who leads the pack? These questions would be put to rest.

Without wasting much time, here are very brief profiles on the richest men in Nigeria.


  1. Oba Otudeko

Oba Otudeko

Dr. Oba Otudeko is the chairman of Honeywell Group, with major productions Flour, Spaghetti, Instant noodles and so on. He is also currently the chairman of Airtel Nigeria, and the chairman of Fan Milk Nigeria plc. He is retired banker, an investor and an entrepreneur.

Net worth: $605 million.


  1. Mohammed Indimi

Mohammed Indimi Net Worth

Mohammed Indimi is aged 67 years, and he’s an entrepreneur and investor, with his major business in the Oil and Gas sector. He is the founded his Oriental Energy Oil Resources Limited in 1990 and has been active player in the Nigerian Oil and Gas sector for a long time.

Net Worth: $650 million.


  1. AbdulsalamRabiu

Abdulsalam Rabiu

He is the Chairman of the popular BUA group, a top dog company in the Flour milling. BUA Group is into the production of flour and they’re the largest supplier to companies making different produccts from them. They’re also into sugar refinery and ports and terminal management.

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Net Worth: $710 million.


  1. Jim Ovia

Jim Ovia

Jim Ovia is the founder of the prestigious Zenith Bank, and he has a very large stake in mobile telecoms company Visafone. He is also an deft investor with serious investments in the real estate sector.

Net Worth: $840 million.


  1. OrjiUzorKalu

Orji Uzor Kalu

The former abia state governor was born on April 21, 1960. He is the owner of Telegraph Newspaper and Daily Sun. His company – SLOK Holdings has interests in banking, shipping, oil trading, media and manufacturing.

Net Worth: $900 million


  1. Tony Elumelu

Tony Elumelu

The 52 year old has a Commander of the Order of the Niger (CON) title and he’s popularly known as the first figure in United Bank of Africa (UBA). He is also the owner of Transcorp and Heirs Holdings. He runs a charity organization – Tony Elumelu Foundation.

Net Worth: $1 billion.


  1. Theophilus Danjuma

Theophilus Danjuma

Leaving every other new acquisitions and investments aside, Rtd. Gen. Theophilus Yakubu Danjuma can be said to have made the bulk of his money when he was Nigerian Army’s Chief of Army Staff between 1975 and 1979. He currently is the chairman of South Atlantic Petroleum.

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Net Worth: $1.02 billion


  1. Femi Otedola


He is the CEO of Zenon Petroleum Oil and Gas and the CEO of Forte Oil Plc. Femi Otedola is a very prolific businessman who has interest in other sectors asides oil and gas, especially Real estate.

Net Worth: $1.06 billion


  1. Mike Adenuga

Mike Adenuga

Mike adenuga is the founder of ConOil (formerly known as consolidated oil plc). He’s more popular as the owner of the second largest telecommunications company in Nigeria – Globacom. He has huge stakes in many other companies and he’s an active member of their board of Directors.

Net Worth: $4.5 billion


  1. AlikoDangote


Aliko Dangote isn’t only the richest man in Nigeria, but also in the whole of Africa. He singularly owns the Dangote Group, which has interests in agricultural production, real estate and (in progress) telecommunications. He recently opened a tomato paste processing plant in Kano, and his business tentacles spreads to almost all the countries of the continent.

Net Worth: $17.3 billion

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  1. Pastor Tope Roberts

    Nigerian Finder, welldone with your compilation. However, I am not impressed. You only published on wealthy cadre of our people, but their atrocities are swept under the carpet. We all only hear of and read on the monetarily richest among Africans, but the act of charity is scanty. That an employer pays salaries isn’t charity. Charity is getting assistance without any productive imput. Therefore, help or helping among ourselves isn’t common and that’s one of the factors of African societal debacle. The most noble service isn’t to gather money, but to dispense the same toward relief. God is never moved at any rich person. But he will be moved at a person who’s neck-deeped in caring for the needy with resources available. The United States of America definitely has her bad sides as a nation, but she’s the greatest in terms of giving back to the society. For this reason, the USA towers every nation in the production of successful people.

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