It is interesting to know that the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. The country (Nigeria) is home to many wealthy individuals who are owners of multi-million dollar corporations.
These men, are also Philanthropists who sit on the board of directors of so many multinational companies that are based in Nigeria and abroad. The Top 10 Richest Men to come from Nigeria are:
Aliko Dangote GCON, (born on 10th April, 1957 in Kano, Nigeria) is a Nigerian billionaire business magnate. He is the founder and chairman of the Dangote Group, which is reputed to be the largest industrial conglomerate in West Africa. Through his maternal side, Dangote is the great-grandson of Alhassan Dantata, who was the richest West African before his death in 1955.
The Dangote Group is the largest industrial group in Nigeria with divisions like Dangote Sugar Refinery, Dangote flour and Dangote Cement. As of 2022, he is the richest person in Nigeria, richest person in Africa, richest black person and the 65th richest person in the world. However, has an estimated net worth of $20.2 billion dollars.
Chief Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON, born on 29th April, 1953 in Ibadan, Oyo State, Nigeria is a billionaire businessman. His company Globacom has a presence in Ghana and Benin and is Nigeria’s second-largest Telecom operator.
Mike graduated from Northwestern Oklahoma State University and Pace University, New York with degrees in Business Administration.
In 2019, he was cited as one of the top 100 most influential Africans by New African Magazine. He is the second richest man in Nigeria and the fourth richest person in Africa with an estimated net worth of $10 billion dollars.
Femi Otedola, born on 4th November, 1962 in Ibadan, Oyo State, Nigeria is a Nigerian businessman, Philanthropist and former chairman of Forte Oil PLC.
He owns a number of businesses in shipping, real estate and finance and is also the founder of Zenon Petroleum and Gas Ltd. His kids are Tolani, Florence Ifeoluwa (aka DJ Cuppy), Elizabeth Temi and a son Fewa.He is the third richest man in Nigeria with an estimated net worth of $5.9 billion dollars.
Arthur Eze, born on 27th November, 1948 in Ukpo village, Dunukofia, Nigeria is a Nigerian oil mogul, Philanthropist, politician and the CEO of Atlas Oranto Petroleum. As he is from a royal family, he is popularly known as Prince Arthur Eze.
Arthur is the eight wealthiest man in Africa, the richest man in Anambra state and the fourth richest man in Nigeria with an estimated net worth of $5.8 billion dollars.
Abdul Samad Isyaku Rabiu CON, born on 4th August, 1960 in Kano, Nigeria is a Nigerian businessman and Philanthropist. He is the founder and chairman of BUA Group – a Nigerian conglomerate which concentrates on infrastructure, manufacturing and agriculture.
Abdul also serves as the Chairman of the Nigerian Bank of Industry (BOI). He is married with four children and has 42 siblings including Nafiu Rabiu and Rabiu Rabiu, the chairman of IRS Airlines.Abdul is the fifth richest person in Africa and the fifth richest man in Nigeria with an estimated net worth of $4.5 billion dollars.
Cletus Madubugwu Ibeto, born on 6th November, 1952 in Nnewi, Anambra state, Nigeria is a Nigerian businessman. He is the head of the largest business Enterprise from Nnewi – The Ibeto Group. His company is also involved in real estate, banking, finance, cement production, automotive coupling, petrochemical, e. t. c.He is the sixth richest man in Nigeria with an estimated net worth of $3.8 billion dollars.
7.Orji Uzor Kalu
Orji Uzor Kalu, born on 21st April, 1960 in Abia State, Nigeria is a Nigerian politician and businessman. He is a senator representing Abia North Senatorial District and he is also serving as the Chief Whip of the House of Senate, Federal Republic of Nigeria. From 29 May 1999 to 29 May 2007, he served as the Governor of Abia State. Orji is the chairman of SLOK Holding, which consist of a number of successful companies. In 1986, at the age of 26, he became the youngest Nigerian to receive the National Merit Award from President Ibrahim Babangida.He is the seventh richest man in Nigeria with an estimated net worth of $3.2 billion dollars.
Ambrose Bryant Chukwuemeka Orjiako, born on 2nd October, 1960 in Calabar, Cross Rivers State, Nigeria is a Nigerian businessman, medical doctor and a successful entrepreneur. He is the founder of SEPLAT Petroleum Development Company and he is qualified as an Orthopedic and Trauma Surgeon.
Dr Orjiako is happily married with four children and has an estimated net worth of $1.2 billion dollars.
Jimoh Ibrahim, born on 24th February, 1967 in Ondo State, Nigeria is a Nigerian lawyer, businessman, politician and Philanthropist. He is the chairman and CEO of Global Fleet Company. His investments include Hotels, real estate, banking, airlines, oil and gas distribution, publishing and investments, insurance and resorts. He is the ninth richest man in Nigeria with an estimated net worth of $1.1 billion dollars.
Anthony Onyemaechi Elumelu CON MFR, born on 22nd March, 1963 in Jos, Plateau, Nigeria is a Nigerian economist and Philanthropist. He is the founder of The Tony Elumelu Foundations and chairs Heirs Holdings and Transcorp. In 2020, Tony got named on Time’s List of the 100 most influential people in the world. He is happily married to Awele Vivian Elumelu and has seven children.
He has an estimated net worth of $900 million dollars.
This list of top 10 richest men in Nigeria is based on an annual assessment of wealth and assets which is compiled and published by Forbes magazine. You will agree after going through this list that Nigeria is well endowed with lots of intellectuals with business acumen and experience. According to a report by Oxfam, “ The combined wealth of Nigeria’s five richest men could end extreme poverty in the country”.
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