Richest Nigerian Billionaires By Net Worth

By September 18, 2017 No Comments


Nigerian billionaire Aliko Dangote is the richest man in Nigeria and in Africa at large. He is the founder of Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia. He was born 10 April 1957 in Kano.

With hardwork and dedication, Dangote rose from a being a petty trader to a business tycoon in Nigeria and West Africa. He is a major employer of labour in Nigeria and some parts of Africa.

He married thrice and all ended in divorce. He has three daughters and an adopted child.

Dangote source of wealth is from cement, sugar and flour. Dangote is rated as number 105th richest person in the world.

Dangote’s net worth as of September 2017 according to Forbes is $12.7 B

Source: Forbes


Nigerian billionaire Mike Adenuga is the second richest man in Nigeria and the third in Africa. He is the founder of Globacom, the second largest GSM operator in Nigeria with 36 million subscribers. He is also the founder of Conoil, a major player in the Nigeria downstream and upstream oil sectors . He was born 29 April 1953 in Ibadan.

Adenuga rose from a very humble beginning and through hardwork and focus, he built is impressive fortune.
Adenuga studied in the United States, getting an MBA at Pace University in New York, where he worked as a taxi driver to support himself.

He returned to Nigeria and made his first fortune trading lace and Coca-Cola

Adenuga is rated 205th in the ranking of billionaires in the world.

Adenuga’s net worth as of September 2017 according to Forbes is $5.3 B

Source: Forbes


Nigerian billionaire Femi Otedola is the third richest man in Nigeria and the 16th in Africa. He is the President of Forte Oil Plc, a publicly traded an oil marketing and power generation company.

In addition, he owns several other businesses across shipping, real estate and finance. He was born November 4, 1962 in Ibadan, Oyo state, Nigeria.

He is the son of Sir Michael Otedola, former Lagos State Governor. He is married to Nana Otedola. He has four children.

Femi Otedola is rated as 1,011th in the league of billionaires in the world.

emi Otedola net worth according to Forbes is US$1.8 B

Source: Forbes



Nigerian billionaire Folorunsho Alakija is the richest woman in Nigeria, fourth overall richest in and the 14th in Africa. She is the Vice President of Famfa Oil Plc. She was born July 15, 1951 in Ikorodu..

Her first company was a fashion label that catered to Nigeria’s elite women, including the wife of former military president, Ibrahim Babangida, who awarded Alakija’s company an oil prospecting license.

As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.
She has four Children.

Folorunsho Alakija source of wealth is from Famfa Oil.

Folorunsho Alakija is rated as number 1,290th billionaire person in the world. 80th Most Powerful Woman 2016.
Folorunsho Alakija’s net worth as of September, 2017 is $1.46 B

Source: Forbes



Abdusalam Rabiu is the fifth richest man in Nigeria and 23rd in Africa 2016. He is the founder of BUA Group, a Nigerian conglomerate active in sugar refining, cement production, real estate, logistics and port operations. He was born 4 August 1960, Kano Nigeria.

Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988, importing rice, sugar and edible oils as well as iron and steel rods.

Abdusalam Rabiu is rated as number 1,577th in the ranking of billionaires in the world as at 2016.

Abdusalam Rabiu’s net worth as of March 2016 according to Forbes is $1.1 B

Source: Forbes



Theophilus Danjuma is the Former Nigerian Chief of Army (July 1975 to October 1979) and presently the President of South Atlantic Petroleum, an oil exploration company which owns upstream assets in Nigeria, Republic of Benin, the Central African Republic and Madagascar.

He was born December 9, 1938 in Takum, taraba state, nigeria. He is married to Daisy Danjuma.

Theophilus Danjuma’s source of wealth is from Oil.

Theophilus Danjuma’s net worth as of November 2015 according to Forbes is $750 M.

Source: Forbes



Nigerian millionaire Tony Elumelu is the 31st richest African as at 2015. He is the Chairman of Heirs Holdings, United Bank for Africa, Transcorp.

A noted philanthropist, he is the founder of The Tony Elumelu Foundation. He was born 22 March 1963 in Jos, Plateau state nigeria.

He transformed the United Bank for Africa from a provincial bank into a pan-African Institution that has over seven million customers in nineteen African countries.

He is a married to Dr. Awele Elumelu and the marriage is blessed with five children.

Tony Elumelu’s net worth as of November, 2015 according to Forbes is $700 M

Source: Forbes



Jim Ovia is the founder of Zenith Bank, (one of the largest commercial banks in Nigeria). Jim Ovia is also the founder of Visafone Communications Limited and the chairman of both the Nigerian Software Development Initiative (NSDI) and the National Information Technology Advisory Council (NITAC).

He is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). He is also the Chairman of Cyberspace Network Limited.

Born November 4, 1951 in Agbor, Delta state, Jim. started his career working for Union Bank (Formerly Barclays Bank) as a banking clerk in 1973.

He is married to Kay Ovia and the marriage is blessed with two children.

Jim Ovia’s net worth as of November, 2015 according to Forbes is $550 M

Source: Forbes, Wikipedia



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

Oba Otudeko was born in Ibadan, Oyo State, South-West Nigeria on 18 August 1943. He studied Accountancy at the Leeds College of Commerce Leeds, Yorkshire, United Kingdom (which is now part of the Leeds Beckett University). Professionally, Oba Otudeko is a Chartered Banker, Chartered Accountant and a Chartered Corporate Secretary
He is married to Mrs. Adebisi Aderonke Otudeko. He has three children. Oba Otudeko is rated as 46th richest African in 2014. Oba Otudeko’s net worth as of November, 2014 according to Forbes is $550 M

Source: Forbes, Wikipedia



Orji Uzor Kalu is the founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media. He was born April 21, 1960 in Abia State.

At age 19, he borrowed $35 from his mother and traded in commodities like palm oil, rice and sugar. He changed to furniture manufacturing and transportation and became a millionaire by the time he was 20.

He is married to Ifeoma Orji Uzor Kalu. He has three children.

Uzor Kalu is rated as number 49 on the league of Africa richest in 2015

Uzor Kalu net worth as of November 2015 according to Forbes is $330 M

Source: Forbes, Wikipedia

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