Nigeria is a country endowed with a multitude of accomplished and powerful people, and the Igbo group is one of the main drivers of the nation’s economy.
The wealthiest Igbo men in Nigeria have gained notoriety due to their exceptional business acumen and entrepreneurial drive. They have had a profound impact on several sectors and have served as an inspiration to many aspiring company owners.
Richest Igbo Men in Nigeria in 2024
In this article, we’ll share information about the 10 wealthiest Igbo men and their net worth.
1. Arthur Eze
Estimated net worth: $5.8 billion
The brilliant Igbo millionaire, Prince Arthur Eze, is descended from a royal dynasty in Ukpo village, Dunukofia, Anambra State. He is regarded as one of Nigeria’s wealthiest billionaires and is well-known for his extraordinary success in the oil and gas sector.
In his capacity as the Chief Executive Officer of the massive privately owned oil exploration and production business Atlas Oranto Petroleum, Prince Arthur Eze has obtained an astounding 22 oil and gas licenses covering 12 African nations.
Prince Arthur Eze’s business abilities are not limited to his accomplishments in the energy sector; they also include the aviation industry. Further broadening his range of ventures, he established Triax Airlines in 1992 by taking advantage of Nigeria’s airline deregulation.
In addition to being a giant of business, Prince Arthur Eze is said to be politically engaged as well, sponsoring candidates he thinks qualified for office and thus advancing deserving political goals.
Prince Arthur Eze’s significant endeavors in the public and commercial sectors demonstrate his unshakable commitment to Nigeria’s development and success.
2. Cletus Ibeto
Estimated net worth: $3.8 billion
Cletus Ibeto is from Nnewi, Anambra State is one of the wealthiest Igbo men in Nigeria and also one of Africa’s most prominent and successful businessmen. Being the founder and renowned chairman of Ibeto Group, he has established himself as a prominent figure in the business world.
Standing tall as the biggest corporation on the continent, Ibeto Group has a varied portfolio that includes the manufacturing of automobile components, electricity, and cement. Not only that, but Cletus Ibeto’s excellent management has taken the business to new heights by carefully picking up shares in well-known companies including Century Petroleum Corporation, Daily Times of Nigeria, and Union Bank of Nigeria.
Cletus Ibeto is a man of steadfast dedication to perfection. He invests in state-of-the-art R&D projects with the goal of continuously improving the caliber and inventiveness of his company’s goods and services.
3. Orji Uzor Kalu
Estimated net worth: $3.2 billion
A distinguished Igbo billionaire, Orji Uzor Kalu is well-known for his varied career as an accomplished politician and businessman. He is among Nigeria’s wealthiest Igbo men.
He was the previous governor of the state of Abia. He is now the Chief Whip of the Federal Republic of Nigeria and represents the Abia North Senatorial District in the Senate.
The foundation of his many ventures is SLOK Holding, a successful business that demonstrates his aptitude for entrepreneurship. Orji Uzor Kalu has skillfully built a sizable and thriving corporate empire via smart interests in banking, shipping, manufacturing, oil trading, and media.
4. Allen Ifechukwu Onyema
Estimated net worth: $3 billion
Allen Onyema, an incident of Anambra state is the creative force behind Air Peace, he takes on the esteemed position of CEO and leads the airline to unprecedented heights.
In addition to his accomplishments in the aviation sector, Allen Onyema has gained a reputation as the Conflict Resolution Expert and won over the hearts of Nigerians with his commitment to a range of humanitarian causes. His generosity has impacted many lives and had a significant effect on local communities all throughout the country.
5. Emeka Offor
Estimated net worth: $2.9 billion
Emeka Offor, a well-known Igbo person from Anambra state, is among the wealthiest and most prosperous businesspeople in Nigeria. As the leader of The Chrome Group, a dynamic conglomerate with diversified interests spanning from power, coordination, protection, broadcasting, and media communications to oil and gas, he is an oil and energy billionaire.
With its headquarters ideally located in Abuja, The Chrome Group has a broad reach, having a strong presence not only in Nigeria but also in the United Kingdom and the United States.
6. Benedict Peters
Estimated net worth: $2.7 billion
Regarded as one of the richest people in Nigeria, Benedict Peter’s rise to prominence began in the oil and gas boom of the early 1990s.
His partnership with the creators of Ocean and Oil, which created the foundation for the founding of Sigmund Communecci in 1999, was a significant factor in Peters’ rise in the economic world. Nonetheless, when he established Aiteo Group, a business committed to building a name for itself in Nigeria’s lucrative oil and gas industry, his genuine entrepreneurial abilities became evident.
7. Emmanuel Andy Uba.
Estimated net worth: $2.1 billion
Emmanuel Andy Uba is a senator of the Anambra South Senatorial District. Beginning in his undergraduate years, Emmanuel Andy Uba’s entry into politics has been the main driver of his enormous riches and success. His brilliant political career has helped him reach extraordinary heights.
8. ABC Orjiako
Prior to his sojourn in business, ABC Orjiako was a successful orthopaedic and trauma surgeon. He had worked at the Lagos University Teaching Hospital and the National Orthopaedic Hospital before founding his own company.
Orjiako was the CEO of Shebah E&P Company, an oil exploration firm with a 40% stake in the offshore block OML 108. This block produces over 8000 barrels every day. In 2010, Orjiako’s Sheba metamorphosed in to SEPLAT Petroleum Development Company Ltd which became the first Nigerian company to take over the operating of a Joint Venture asset from Shell, Total and Eni.
Orjiako is also the chairman of Zebbra Energy Limited which owns the deepwater concession OPL 248 offshore Nigeria. He is said to be worth an estimated $2 billion dollars.
His other business interests include shipping, banking, insurance and even pharmaceuticals. He is the chairman of Neimeth Pharmaceuticals International PLC.
Orjiako is a Harvard alumnus with a Harvard OPM Certificate in Business Management.
Orjiako is happily married with four children. He is also involved in philanthropic activities which have been targeted towards education, healthcare services, and economic empowerment.
9. Ifeanyi Ubah
Estimated net worth: $1.7 billion
Ifeanyi Uba is an Igbo billionaire who is well-known in Nigeria for his many accomplishments in the business, investment, entrepreneurship, and philanthropic sectors. Originating from Nnewi in Anambra State, he is one of the wealthiest Igbo men in Nigeria.
Owning the Nigerian football club Ifeanyi Ubah F.C. demonstrates Ifeanyi Uba’s love of sports and his dedication to encouraging and supporting athletic success.
He is the respected CEO and owner of Capital Oil and Gas Industries Limited, and he has made a name for himself in Nigeria’s oil and gas sector in addition to his passion for sports.
Tire supply and car replacement parts were the starting point of his enormous fortune accumulation, demonstrating his entrepreneurial energy and aptitude for spotting profitable prospects.
10. Innocent Ifediaso Chukwuma.
Estimated net worth: $1 billion
The mastermind behind Innoson Motors is Innocent Ifediaso Chukwuma, a well-known Igbo billionaire. His road to success started with the trade of auto spare parts, which laid the groundwork for what would soon grow to be a magnificent vehicle manufacturing firm. He was born in Nnewi, Anambra State.
With the help and influence of Peter Obi, the Anambra State governor at the time, Innoson’s vehicle manufacturing business prospered and eventually grew to become the biggest automaker in Africa. His creativity and hard work are now paying off in the shape of opulent, superior automobiles that draw in both domestic and foreign clients.