Nigerian Billionaires Full List (Forbes)

As at present, there are only 5 internatianally recognized billionaires ($) in Nigeria according to Forbes rating of 2015. Important details about these individuals will be made known below.


Aliko Dangote

Aliko Dangote is the richest man in Nigeria. He is equally the 67th richest man in the world according to Forbes magazine’s 2015 rating. His net worth is US$17.7 billion in 2015. However, the Nigerian economic recession reduced his net worth to $15.1 billion by June 2016.

He is into cement, flour and sugar production. He was born on 10th April 1957.  He owns Dangote Group with interest in many commodities, aside the ones mentioned earlier.  Dangote has branches in other countries in Africa aside Nigeria, like Zambia, Tanzania, Togo, South Africa, Ghana, Cameroon, Senegal, Ethiopia and Benin republic.

Despite the drop in his fortune, he is still the richest in Africa. He has three daughters, namely Mariya, Halima, Fatima.

Mike Adenuga

Mike Adenuga is the second richest man in Nigeria of today. He is in position 393 in the world.  He is a billionaire with $10 billion worth of fortune according to Forbes magazine’s 1215 rating.

He is into telecommunication and petroleum. He was born on 29th of April 1953. He is the owner of Globacom, the second-largest telecom operator in Nigeria. Globacom equally has presence in other African countries, like Benin Republic and Ghana.

He owns a stake in Equatorial Trust Bank. Name of his oil exploration company is Conoil, which was formerly referred to as Consolidated Oil Company.

Folorunsho Alakija

She is the richest woman in Nigeria and she is also the third richest in the country. In addition, she is the 949th richest person in the world. She was born in 1951 in Ikorodu, Lagos state.

She is a well known business tycoon.  She is also a popular philanthropist. Her net worth according to 2015 Forbes magazine’s rating was $2.1 billion.  She is considered as the second most powerful woman in Africa, second only to Ngozi Okonjo-Iweala.

She is rated as the 87th most powerful woman in the world. She has stakes in printing inductee, oil industry and fashion. She is the owner of Rose of Sharon Group.

Femi Otedola

He was born in 1962 in Ibadan, Oyo state, Nigeria. He is the owner of Forte Oil Plc. According to the 2015 rating of Forbes magazine, his estimated worth was $0.19 billion.  He ranks as the 1741st richest person in the world.  He is into petroleum.  He is equally a well known philanthropist.

He is the founder of Zenon Petroleum and Gas Ltd.  He owns other businesses in the finance, real estate and shipping sectors. He equally has stake in power generation. He was once involved in the printing industry

Abdulsalmad Rabiu

He is the 5th richest Nigerian and the he is in position 1741 in the world today. His estimated worth, according to Forbes magazine rating of 2015, was $1.0 billion. He has stake in the foods industry and he is also engaged in philanthropy. He is one of the newest entrants into the billionaires list in Nigeria.

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