The Federal Republic of Nigeria is a land full of opportunities
and very wealthy individuals. The country has the largest amount of
billionaires in Africa. Thanks to the crude oil buried deep under their
soil. According to Forbes Africa’s rich list, these are the wealthiest
people in Nigeria:
Top 10 Richest People In Nigeria
10) Orji Uzor Kalu – Net Worth: $330 Million
The former governor of Abia State, Orji Uzor Kalu is the founder of
Slok Holding, the Daily Sun and New Telegraph newspapers in Nigeria. His
area of interests is in banking, shipping, manufacturing, oil trading
and media.
9) Mohammed Indimi – Net Worth: $500 Million
Mohammed Indimi is a Nigerian based businessman and the founder of
Oriental Energy in 1990. This 67 year old self-made Nigerian millionaire
resides in Maiduguri. He is the chairman of the Oriental Energy
Resources, a private Nigerian oil exploration and production company.
8) Jim Ovia – Net Worth: $550 Million
Jim Ovia is a Nigerian businessman and he founded Zenith Bank in
1990. After gaining degrees at both Southern University and University
of Louisiana at Monroe, he attended Harvard Business School. This
successful banker is the chairman of Zenith Bank Group one of Nigeria’s
largest financial services groups.
7) Tony Elumelu – Net Worth: $700 Million
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.
6) Theophilus Danjuma – Net Worth: $750 Million
The self made Nigerian business man and a retired Nigerian general.
He served as the defense minister of Nigeria. He is the founder of oil
exploration company South Atlantic Petroleum, which owns upstream assets
in Nigeria, Republic of Benin, the Central African Republic and
Madagascar.
5) Abdulsamad Rabiu – Net Worth: $1.1 Billion
This 56 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.
4) Folorunsho Alakija – Net Worth: $1.8 Billion
This 65 year old billionaire is the vice chairman of 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.
3) Femi Otedola – Net Worth: $1.8 Billion
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%.
2) Mike Adenuga – Net Worth: $6.3 Billion
Nigeria’s second richest man, built his fortune in telecom and oil
production. His mobile phone network, Globacom, is the second largest
operator in Nigeria with 32 million subscribers; it also has operations
in Ghana and the Republic of Benin.
1) Aliko Dangote – Net Worth: $12.2 Billion
This 59 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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