Nigeria presently has the most richest individuals in Africa as revealed by Forbes and with South Africa coming in second. Aliko Dangote still leads in Africa as the richest man. However this article would concentrate only on the top richest men in Nigeria.
Find List of the richest men in Nigeria below.
Top 10 Richest Men in Nigeria
1. Aliko Dangote. Net Worth: $21.6 Billion
Named as Forbes African Person Of The Year Alhaji Aliko Dangote tops the list of richest men in Nigeria and Africa. He owns the Dangote Group and built his fortune around cement, sugar and flour. He has also added oil, rice and ferilizer to his chains of businesses.
He made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.
2. Mike Adenuga. Net Worth: $4.6Billion
Mike Adenuga popularly called “The Bull” is Nigerias second richest man with investments in the telecom (globacom) and oil sector(conoil). The Nigerian Business Tycoon’s Globacom is Nigeria’s second-largest telecom operator
3. Theophilus Danjuma. Net Worth: $1.1 Billion
The former defense minister Theophilus Danjuma is the founder and owner of South Atlantic Petroleum. He is also into fetilizer and shipping industry with a stake in NALComet, one of Nigeria’s largest shipping companies.
4. Tony Elumelu. Net Worth: $1 Billion
With a huge stake in Transcorp, United Bank for Africa (UBA) and an extensive portfolio of real estate across Nigeria, Tony Elumelu is Nigeria’s 4th richest Man.
In 1997, he led a small group of investors to acquire Standard Trust Bank, a struggling commercial bank in Lagos, and restored the bank to profitability within a few years.
In 2005, he merged the bank with the United Bank for Africa and transformed it from a single-country commercial bank into a financial services institution with operations in several African countries. He served as CEO until 2010.
5. Orji Uzor Kalu. Net Worth: $ 1 Billion
Born in April 21, 1960 Orji Uzor Kalu, a former Abia state governor. Founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media.
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.
6. Femi Otedola. Net Worth: $900 Million
The CEO of Forte Oil Plc, Femi Otedola is the Nigerian President and Chief Executive Officer of Zenon Petroleum and Gas limited.
7. Jim Ovia. Net Worth: $850 Million
The founder of Zenith Bank Plc, Jim Ovia is Nigerias 7th richest man. His other assets include real estate across Nigeria, and Visafone, a mobile telecom outfit. He is also involved in $1.5 billion petrochemical complex construction.
8. Abdulsalam Rabiu. Net Worth: $700 Million
Abdulsamad Rabiu, the chairman/ CEO of BUA Group, a conglomerate active in flour milling, pasta manufacturing, ports and terminals management and sugar refining.
9. Mohammed Indimi. Net Worth: $670 Million
Mohammed Indimi founded Oriental Energy Resources, a privately held Nigerian oil exploration and production company. He remains chairman. Oriental currently has three projects offshore of Nigeria.
10. Tunde Folawiyo. Net Worth: $650 Million
Tunde Folawiyo, the managing director of Yinka Folawiyo Group with interests in energy, agriculture, shipping, real estate and engineering. The Folawiyo Group is a conglomerate founded by his father