Nigeria, the Giant of Africa, is a nation filled with resources, wealth and potential. The richest men in Nigeria have managed to take this giant and make it theirs. This list holds the richest man in Africa and several others in top 50 richest men in Africa. With investments in oil, agriculture, manufacturing, education, health, technology and commerce, these men have emerged top amongst their peers in the business world. Still planning to defy the odds some of these men set the pace for the youth that will succeed them. Here are the 10 richest men in Nigeria.
Aliko Dangote was born April 10. The Nigerian billionaire is the CEO and chairman of Dangote Group. He is the richest man in the country and Africa with a net worth of $13.9 billion. Dangote started the business with a small trading firm in 1977 and has become a multi-billion dollar conglomerate. Dangote Cement is the largest cement producer in the continent. His sub companies also deal in the production of sugar, flours, and salt. The business tycoon also has investments in real estate, telecoms and more. Dangote is also a philanthropist.
Michael Adenuga is Nigeria’s richest man with a net worth of $5.2 billion. Born in 1953 in Ibadan, Oyo State Nigeria, Adenuga built his wealth through telecoms and oil production. He is the founder and chairman of Globacom and Conoil, Globacom is the second largest telecoms provider in Nigeria with an estimated 37 million subscribers. Conoil controls 6 oil block in the Niger Delta region.
Femi Otedola was born November 4, 1962. Otedola is a businessman, entrepreneur, philanthropist, Chairman of forte oil and the third richest man in Nigeria. He is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance with other investments upcoming in power generation. Father to celebrity DJ, DJ Cuppy, and lifestyle and fashion blogger, Temi Otedola. He is worth an estimated $2.3 billion
Theophilus Danjuma is a former Nigerian defense minister and the founder of oil exploration company South Atlantic Petroleum. He is a retired general, billionaire and philanthropist. He also owns real estate plus a stake in Notore Chemical Industries, a manufacturer of urea fertilizer, as well as a stake in NALComet, one of Nigeria’s largest shipping companies. He is worth $1.7 billion.
Abdulsamad Rabiu was born August 4, 1960, in Kano State, Nigeria. He is the founder of BUA Group, a conglomerate dealing in in sugar refining, cement production, real estate and port operations. He is also the chairman of Nigerian Bank of Industry. Abdulsamad has an estimated net worth of $1.5 billion.
Tony Elumelu is Nigeria’s sixth richest man and form Managing Director of United Bank of Africa (UBA Group). A philanthropist and founder of the Transcorp and Heirs Holdings, Tony is the mind behind the Tony Elumelu Foundation.He was recognized as one of Africa’s 20 Most Powerful People in 2012 by Forbes magazine. His net worth marks at $1.4 billion.
Orji Uzor Kalu
Orji Uzor Kalu was born April 21, 1960, and is the founder of Slok Holding. Slok Holdings is a West African conglomerate with a stake in shipping, banking, oil trading, manufacturing and the media. He is also the chairman of the Daily Sun and News Telegraph. Prior to his political career, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited. This former governor of Abia State, Nigeria is worth $1.1 billion.
Jim Ovia is the man behind the prominence of Zenith Bank with an estimated net worth of $1 billion. He was born November 4, 1951, in Agbor, Delta State, Nigeria. The alumnus of Harvard founder of founder of Visafone Communications Limited and the Chairman of both the Nigerian Software Development Initiative (NSDI) and the National Information Technology Advisory Council (NITAC).
Oba Otudeko CFR is a Nigerian entrepreneur. He is the founder and chairman of Honeywell Group and FBN Holdings Plc. Born August 18, 1943, Oba Otudeko is the ninth richest man in Nigeria, former President of the Nigerian Stock Exchange with a net worth estimated at $650 million. Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation.
Arthur Eze is a business and founder and Chairman of Atlas Oranto Petroleum, which has assets in Nigeria, Liberia, Guinea, and the Gambia. Arthur studied chemical and Mechanical Engineering at the California State University.