Top Ten Richest Men In Nigeria

September 3, 2023 Mustapha Tijani

In this post, we will take a look at the top ten richest men in Nigeria. Nigeria is a country that is home to many wealthy individuals. Interestingly, the richest man in Africa is a Nigerian, while the second richest woman on the continent is also a Nigerian.

Richest Men in Nigeria

Here are the richest individuals in Africa’s largest economy:

Aliko Dangote

Aliko Dangote is currently worth over $9.9 billion. He is the richest man in Nigeria and Africa. A world-renowned cement and sugar tycoon, he’s the chairman of Dangote Group and a philanthropist.

Dangote has investments in Nigeria as well as countries like Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.

The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. His products are locally manufactured. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa.

Mike Adenuga

Mike Adenuga’s current net worth stands at $7.7 billion. Mike Adenuga is the second richest Nigerian due to his investments in the telecommunications giant Globacom and Conoil. Mike Adenuga is well known outside Nigeria due to his Globacom telecommunication company which is the second-largest telecom operator with offices in African countries like Ghana, the Benin Republic.

He won the ‘Companion of the Star of Ghana’ which is prestigious and was awarded this title because of his large investments in the West African country.

Abdul Samad Rabiu

Abdul Samad Rabiu’s net worth is at $3.1 billion. He established BUA International Limited in 1988 for the sole purpose of commodity trading. The company imported rice, edible oil, flour, and iron and steel. He is a philanthropist.

Femi Otedola

Femi Otedola’s net worth is $1.8 billion. Femi Otedola is the son of the former Lagos State Governor, Michael Otedola. He is the chairman of Forte Oil Plc, a major importer of fuel products. The company was initially a BP subsidiary and owns more than 500 fuel stations across Nigeria. Femi is also the founder of Zenon Petroleum and Gas Ltd.

Otedola is a well-known philanthropist with investment cutting across different sectors such as shipping, real estate and finance

Jimoh Ibrahim

At the 5^th spot is Jimoh Ibrahim, whose estimated net worth is pegged at $1.1 billion. Jimoh Ibrahim, the CEO of Global Fleet Group made his fortune in oil and gas, insurance, real estate, hospitality, and other industries. He is well known in Nigeria and beyond the shores of this country.

Pascal Uzoma Dozie

Pascal Uzoma Dozie’s net worth is $1.1 billion. He is the business brain behind different successful Nigerian entities such as Diamond Bank, Kunoch Limited and others. He is also the chairman of MTN Nigeria.

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Folorunsho Alakija

Folorunso Alakija made headlines a few years ago when she surpassed Oprah Winfrey to become the richest black woman in the world. Folorunso Alakija is currently worth $1 billion, making her the richest African woman. Her business interests are in fashion, oil and printing.

Her oil company, Famfa Oil Limited — which was founded in 1993 — is said to generate Folorunso Alakija at least $10 million daily in profit.

She also has investments in real estate, which is said to be worth over $100 million. She runs a foundation named Rose of Sharon Foundation, a non-governmental organization that helps widows and orphans by empowering them through scholarships and business grants.

She also sponsors many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme.

Orji Uzor Kalu

Orji Uzor Kalu’s net worth is $980 million. He had even more money in the past but lost much of his wealth because of the drop in prices of real estate and oil. Kalu’s current net worth is estimated to be.

Jim James Ovia

Jim James Ovia’s net worth is $980 million. He is the founder of Zenith Bank, The financial organization is one of the top banks in the country. Being one of the richest men in the country, he is also a member of numerous interesting organizations (both governmental and NGOs).

Hajia Bola Shagaya

Hajia Bola Shagaya’s net worth is $950 million Hajia Bola Shagaya loves fashion and supports art; she is a wife, mother, and business tycoon. She has been a member of the board of Unity Bank for many years in a row.

And on that note, we round off this write-up on the top ten richest men in Nigeria.

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