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

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

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

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

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

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

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.

Net Worth: $710 million.


  1. Jim Ovia

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

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

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

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

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

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

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

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.

Net Worth: $1.02 billion


  1. Femi Otedola

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

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

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

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

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

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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