Ever wondered or wanted to know who the richest men in Nigeria are? Probably for research, argument resolution, or just to gain more knowledge? Then you are just on the right page.
In this article, I will be showing you who the top 11 richest men in Nigeria are, their net worth, as well, their source of wealth.
Keep reading while I unveil to you all you need to know.
1. Aliko Dangote
Net Worth: $8.9 Billion
Aliko Dangote is a Nigerian entrepreneur and business magnate. He is the founder and CEO of the popular industrial company in Nigeria, Dangote Group.
The company has various branches in Nigeria and other parts of West Africa. It specializes in various aspects of manufacturing such as the production of sugar, flour, salt, and many others.
The main and most popular product of the Dangote group is the cement which they manufacture and their product happens to be one of the most popular and most widely used in Nigeria.
It is also recorded that Dangote’s group in-development refinery is estimated to be the largest of its kind in West Africa and the third-largest in the whole world.
As of 2020, Aliko Dangote’s net worth is estimated to be $8.9 billion making him the richest man in Nigeria and 162nd in the world, according to Forbes.
Also read: Richest Bloggers in Nigeria
2. Mike Adenuga
Net Worth: $5.9 Billion
Coming up as #2 today on our list for the top 10 richest men in Nigeria is Mike Adenuga.
Mike Adenuga is yet another Nigerian entrepreneur whose entrepreneurship career had begun since he was in the University, working a part-time taxi driver.
He said this was a way of making money to support himself while in school.
Mike Adenuga is the founder and CEO of the second-largest telecommunication company in Nigeria, Globacom, often regarded as Glo.
The company is said to be the one in Nigeria with the highest amount of money paid for ambassadorship with various top celebrities and influencers.
He also owns many other businesses in various sectors of the economy some of which are the popular oil and gas company in Nigeria, Conoil, Bellpop, and others.
As of 2020, Mike Adenuga’s net worth is estimated to be $6.7 billion making him the second on our list for the richest men in Nigeria.
Also read: Top 10 Record Labels in Nigeria
3. Abdul-Samad Rabiu
Net Worth: $3.1 Billion
Abdul-Samad Rabiu is yet another Nigerian businessman and the CEO of the BUA Group. The business group is one that comprises a lot of brands in different sectors of the economy under their primary business name.
Abdul-Samad Rabiu’s entrepreneurship career began just when he arrived back in Nigeria, after a successful study at the Capital University in Columbus.
Upon his arrival, he was put in the position of the CEO of his father’s company. This was said to have happened as a result of the detention of his father, Isyaku Rabiu, who was charged with the offence of allegedly importing rice without paying duties.
In 1988, Samad Rabiu founded the BUA International Limited solely as a commodity trading business but has now been able to manage to become a very big brand with sectors, including BUA sugar, BUA oils, BUA cement, and many others.
As of 2020, Abdul-Samad Rabiu’s net worth is estimated to be $3.1 billion, emerging him as the 3rd richest man in Nigeria and 8th in Africa.
Also read: Richest Footballers in Nigeria
4. Femi Otedola
Net Worth: $1.8 billion
Femi Otedola is a popular and well-known Nigerian businessman. He is the father of the popular Nigerian Disk Jockey and musician, DJ Cuppy. Otedola is known to own a lot of business in the country and beyond.
Femi Otedola is the chairman of the Zenon Petroleum and Gas which happens to be a petroleum products marketing and distribution company in Nigeria.
The company has several branches in Nigeria and other diffeent parts of the world.
He is also the chairman of the Africa Petroleum company which has now being rebranded to Forte Oil Plc.
Other businesses owned by Femi Oteola are CentreForce Ltd (specializes in trading, finance, and investment), Swift Insurance, SeaForce Shipping Company Ltd, and many others.
As of 2020, Femi Otedola’s net worth is estimated to be $1.8 billion according to Forbes magazine.
5. Orji Uzor Kalu
Net Worth: $1.6 Billion
Orji Uzor Kalu is a famous Nigerian politician and businessman. He owns quite a number of reputable businesses in the media and industrial sector of the Nigerian economy.
Orji Uzor Kalu is the CEO of the SLOK Holding whcih happens to be a business group consisting of several businesses and brands whcih operates under it.
He also owns the Daily Sun and the New Telegraph newspaper company in Nigeria. He established the two brands years ago and up till today, they are still part of the biggest media publishing company in Nigeria.
As for Orji’s political career, he has ruled in several political positions; including the Governorship of Abia State from 1999 to 2007. He currently runs as a Senator in the Federal House of Assembly, representing the people of Abia North Federal Constituency.
Orji Uzor Kalu’s net worth is estimated to be around $1.6 billion thus making him the 5th on our list for the richest men in Nigeria.
6. Arthur Eze
Net Worth: $1.1 Billion
Arthur Eze is a popular Nigerian politician and business conglomerate. He was born into a royal family which therefore causes many people to regard him as Prince Arthur Eze.
Arthur Eze is the CEO of the Atlas Oranto Petroleum, which happens to be one of the top oil and gas production and distribution companies in Nigeria.
He founded the company in 1991, 13 years after he had graduated from the California State University in California, United States, where he had studied mechanical and chemical engineering.
In 1992, when there was air deregulation in Nigeria, Arthur Eze saw the critics as a very big opportunity and invested in the airline mean of transportation. He established his own airline company which was named the Triax Airlines.
Arthur Eze is the CEO of these two companies which have served as his primary sources of income.
He as well holds leadership position in the Nigerian politics which was said to have gained him high prominence and influence.
As of 2020, Arthur Eze’s net worth is estimated to be $1.1 billion.
Also read: Richest Politicians in Nigeria
7. Adedeji Adeleke
Net Worth: $1 Billion
Adedeji Adeleke is a top-notch and successful businessman in Nigeria. He is the CEO of the Pacific Holdings Limited which happens to be a multi-branded business group in Nigeria
The company has several branches in Nigeria as well in other parts of the world such as the United States and the United Kingdom.
Adedeji Adeleke is also the founder and CEO of the Adeleke University in Osun State, Nigeria.
Adedeji is a father of many and also happens to be the biological father of the popular and award-winning Nigerian musician, Davido.
As of 2020, David Adeleke has an estimated net worth of about $1 billion.
8. Igho Sanomi
Net Worth: $1 Billion
Igho Sanomi is yet another Nigerian business guru and a self-motivated entrepreneur. He is the CEO of the Taleveras Group.
Igho Sanomi originates from an upper-class family in Delta State, Nigeria. His parents were quite influential and well-known and have been reported to have supported him all through his entrepreneurship journey.
His entrepreneurship career can be said to have begun officially during the late 90s’ after he became the executive director for the Japanese Petrochemical Company in Nigeria, Cosmos Oil.
Igho Sanomi founded his own company, Taleveras Group, in 2004 which basically focus on energy and power.
As of 2020, Igho Sanomi has an estimated net worth of $1 billion thus making him the 9th richest man in Nigeria and the youngest billionaire in Nigeria.
Also read: Richest Actors in Nigeria
9. Jimoh Ibrahim
Net Worth: $900 Million
Professionally a Lawyer, Jimoh Ibrahim is a Nigerian business magnate and a successful serial entrepreneur.
Having completed a Master’s Degree in law and internal taxation at the award-winning Harvard University in Cambridge, United States, Jimoh Ibrahim started his own business group which he named the Global Fleet Group.
The company specializes in quite a number of activities some of which are; transportation, insurance, real estate, finance, and media.
Jimoh Ibrahim is rated to be one of the most successful serial entrepeneur in Nigeria and he has an estimated net worth of $900 million
Also read: Burna Boy Net Worth
10. Pascal Uzoma Dozie
Net Worth: $800 Million
Pascal Uzoma is yet another business icon whose success story began from being an Economist at the National Economic Development Office in the United Kingdom.
He got into the UK as a result of the opportunity he got to study his tertiary education over there after completing his high school education in Nigeria.
Apart from the economist job, he also worked part-time as a lecturer at the North-Western Polytechnic in London.
After leaving the United Kingdom in 1970, Pascal Uzoma moved to Uganda where he had also worked as a Consulting Economist at the African States Consulting Organisation, Uganda.
Pascal Uzoma was all out of the country until 1971 when he returned back to Nigeria to settle down upon his mother’s request. At that time, he started his own financial consulting business which later brought about the development of the popular Diamond Bank.
Pascal Uzoma is the founder and was once the CEO of the Diamond Bank until 2014 when he handed over the company’s administration to his successor, Uzoma Dozie.
Although Diamond Bank has now been acquired by one of its competitors, Access Bank, Uzoma Dozie still remains the vice-president of the company.
Pascal Uzoma is also the CEO of the Pan-Atlantic University in Lekki, Lagos State, Nigeria.
As of 2020, Pascal Uzoma has an estimated net worth of $900 million making him the 10th on our list for the richest men in Nigeria.
11. Benedict Peters
Net Worth: $750 Million
Benedict Peters is an highly-rated Nigerian businessman and an ex-entrepreneur. Benedict originated from a home of a successful banker and homemaker.
His entrepreneurship journey can be traced back to 2008, when he established his first company, Aiteo group.
His experience from working with companies like MRS Oil Nigeria PLC and Ocean and Oil (now Oando Nigeria Plc) at the beginning was what gave him enough ideas on how to get started.
The company has been said to own one of the largest petroleum tank farms in Nigeria. It specializes in various aspects of energy some of which are oil and gas exploration & production, bulk petroleum storage, refining of petroleum products, and many others.
As of 2020, Benedict Peter’s net worth is estimated to be around $900 million thus making appear as the last person on our list for the richest men in Nigeria.
So, there goes our list for the top 11 richest men in Nigeria and their net worths. We hope you really enjoyed the article.
Finally, here is a quick recap of the top 11 richest men in 2020 in order of their wealth.
|1.||Aliko Dangote||$8.9 Billion|
|2.||Mike Adenuga||$5.9 Billion|
|3.||Abdul-Samad Rabiu||$3.1 Billion|
|4.||Femi Otedola||$1.8 Billion|
|5.||Orji Uzor Kalu||$1.6 Billion|
|6.||Arthur Eze||$1.1 Billion|
|7.||Adedeji Adeleke||$1 Billion|
|8.||Igho Sanomi||$1 Billion|
|9.||Jimoh Ibrahim||$900 Million|
|10.||Pascal Uzoma Dozie||$800 Million|
|11.||Benedict Peters||$750 Million|
Think there is someone who is supposed to be on the list? Kindly drop your suggestions in the comments section below.