The Richest People in Nigeria

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Nigeria has the highest blacks on FORBES list and also has more billionaires than any other country in Africa, including the continent’s richest man.

According to the magazine, these are the 13 wealthiest people in Nigeria as of 2017, who have made the most of the opportunities that have come their way.

Oba Otudeko – Net Worth: $550 Million

Oba is the founder and chairman of Honeywell Group. The group’s operations stretch across flour milling, oil and gas, marine transportation and real estate. He also owns Radisson Blu in Lagos, Nigeria.

Hakeem Belo-Osagie – Net Worth: $600 Million

This 59 year old self-made millionaire is married and based in Lagos. He has an MBA degree from Harvard Business School. He is the chairman of the Nigerian operations of the UAE based telecom service provider Etisalat.

Tunde Folawiyo – Net Worth: $650 Million (Nigerian)

Nigerian businessman Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in agriculture, energy, shipping, engineering and real estate.

10) Mohammed Indimi – Net Worth: $670 Million

This 65 year old self-made Nigerian millionaire resides in Maiduguri. He is married and has eight children. He is the chairman of the Oriental Energy Resources, a private Nigerian oil exploration and production company.

Jim Ovia – Net Worth: $850 Million

This self-made millionaire is married and has two children. He resides in Lagos. This successful banker founded Zenith Bank Group. With market capitalization of more than $4 billion, it is one of Nigeria’s largest financial services groups

Orji Uzor Kalu – Net Worth: $1 Billion

Orji Uzor Kalu is a billionaire as of 2014. He is the founder of Slok Holding, a $2.5 billion West African conglomerate with interests in banking, shipping, manufacturing, oil trading and media.

Tony Elumelu – Net Worth: $1 Billion

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Nigerian-born self-made billionaire is one of Africa’s most revered business leaders. He made his fortune through a variety of investments, including a controlling interest in Transcorp.

 Theophilus Danjuma – Net Worth: $1 Billion

The self made Nigerian billionaire resides in Abuja. He is a retired Nigerian general. He served as the defense minister of Nigeria. He is the chairman of South Atlantic Petroleum.

Abdulsamad Rabiu – Net Worth: $700 Million

This 54 year old self made Nigerian billionaire is based in Lagos. He is the founder of BUA group, a Nigerian conglomerate with investments in real estate, cement production, sugar refining, manufacturing, port concessions, steel, shipping and oil and gas.

Femi Otedola – Net Worth: $1 Billion

The self-made millionaire is married and has four children. Femi Otedola’s Zenon Petroleum is one of the largest diesel distributors in Nigeria. Its annual sales is more than $2 billion. In 2009 he was among Forbes Billionaires but dropped out of the list after shares of Zenon Petroleum plunged more than 80%.

3) Folorunsho Alakija – Net Worth: $1.9 Billion

This 63 year old self made billionaire is the second richest woman in Africa. She controls Famfa Oil, which pumps about 200,000 barrels a day. Her tailoring company Supreme Stitches has many elite clients. She founded the Rose of Sharon Foundation in 2008. This foundation helps widows and orphans.

Mike Adenuga – Net Worth: $4 Billion

This self-made Nigerian billionaire is the founder of Globacom, Nigeria’s second largest mobile phone network.

Aliko Dangote – Net Worth: $15.8 Billion

This 57 year old self-made billionaire is the CEO of Dangote Group. He is the richest man in Africa and richest black in the world. Dangote made his wealth from cement, sugar and flour.

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