Nigeria is one of the largest and most populated countries
in Africa. It prides in not only having some of the richest
men in Africa, but also the world. While we believe there
are several more Nigerians that would rank among the
richest in the world today, we’ve discovered that just a
few have made the Forbes list of richest people in the
world, the reason being that companies like Forbes and
Bloomberg estimates the wealth of individuals and usually
rank them based on the value of shares they have in
quoted companies (ie companies listed on the stock
exchange). In this article, we’ve taken a look at Forbes list
and have combined that with information from other
sources such as Bloomberg and Ventures Africa to come up
with a more comprehensive list of the richest men in
Nigeria, these are billionaires and multi millionaires, all
figures are in US dollars


20. Oba Oteduko
Net Worth: $550 Million
Industry: Diversified

Obafoluke Otudeko’s net worth is estimated to be $550
million according to Forbes (estimated to be worth $1
billion by Ventures Africa). He is a Chartered banker,
Chartered accountant, and also a Chartered Secretary by
profession. Dr. Oba Otedeko’s business interests spread
both locally as well as internationally. His wealth comes
from investments and entrepreneurship, he sits or has sat
on boards of prestigious firms that include Fan Milk Plc,
Airtel Nigeria, Honeywell Group, First Bank of Nigeria, Eco
Bank, Guinness Nigeria Plc. Honeywell group where he
serves as the Chairman of the board is a business
conglomerate with operations stretching across oil and gas,
flour milling, real estate and marine
transportation. Anchorage Leisures, a subsidiary of the
Honeywell Group, owns Radisson Blu which is a prominent
waterfront hotel in Victoria Island, Lagos. Oba also owns
minority stakes in First Bank and Ecobank.



19. Hakeem Belo Osagie
Net Worth: $600 Million
Industry: Oil and Gas/Telecoms

Hakeem Belo-Osagie is a petroleum economist as well as a
businessman. His net worth is believed to be about $600
million according to Forbes. The Harvard educated
businessman is also the chairman of Etisalat, Nigeria’s
fourth largest mobile telecom network, with more than 18
million subscribers. He is a renowned philanthropist who
regularly donates to African Leadership Academy. This
learning institution based in Johannesburg, South Africa
trains bright students on how to become future leaders.
Hakeem Belo-Osagie also holds an M.A. from Oxford
University in England.



18. Tunde Folawiyo
Net Worth: $650 Million
Industry: Oil & Gas, Telecom

Tunde Folawiyo is a Nigerian businessman and the
managing director of Yinka Folawiyo Group, a conglomerate
founded by his father, Wahab Folawiyo with interests in oil
and gas, agriculture, shipping, real estate and engineering.
The company’s oil exploration firm, Yinka Folawiyo
Petroleum, owns a 60% interest in an oil block that contains
the Aje offshore field. Other assets include minority stakes
in Nigeria’s Access Bank and mobile phone carrier MTN
Nigeria.



17. Mohammed Indimi
Net Worth: $670 Million
Industry: Oil & Gas, Self made

Mohammed Indimi founded Oriental Energy Resources, a
privately owned Nigerian oil exploration and production
company, a company that owns three major offshore assets
in Nigeria including OML 115, Ebok Field (OML 67), and the
Okwok Field (OML 67). Six of his children serve on the
company’s board where he is currently the Chairman. His
daughter is married to the son of former Nigerian military
dictator, Ibrahim Babangida.

I smell a conspiracy !!! OP where is me

....

16. Abdulsamad Rabiu Net Worth: $700 Million Industry: Consumer Goods Abdulsamad Isyaku Rabiu is estimated to have a net worth of $700 million according to Forbes ($1.5 billion according to Ventures Africa). This prominent Nigerian business man was born in 1928 in Kano, Nigeria. He was born in a business oriented family. He learnt the business acumen from His father who was also a successful businessman, and also a religious scholar. His main line of business includes trading in commodities such as sugar, rice, and vegetable oil. Currently, He is the chairman of BUA group which is also involved in flour milling, sugar refining, and processing of vegetable oil. Abdulsamad Rabiu has been named Africa’s newest billionaire in Forbes’ November 2013 issue. Abdulsamad’s fortune grew from $670 million in 2012 to $1.2 billion this year, according to Forbes Africa.

15. Femi Otedola Net Worth: $900 Million Industry: Oil & Gas Otedola is the controlling shareholder of Forte Oil, with a 78% stake. The company owns gas/petrol stations and fuel storage depots and manufactures its own line of engine oils. Forte said its shares rose in 2014 due to new investments in power generation and distribution.

14. Michael Ibru Net Worth: $1.1 Billion Industry: Diversified Michael Ibru (1930) is a prominent Nigerian businessman from Agbarha-Otor, Delta State. He is the head of the Ibru Organization, one of the largest conglomerates in Nigeria. Michael Ibru is one of Nigeria’s foremost industrialists. The Ibru Organisation has significant interests in aviation,shipping, media publishing, hotels, oil and gas, fishing, poultry and jetties businesses in Nigeria with over 13,000 people as employees

13. O.B. Lulu-Briggs Net Worth: $500 Million (Forbes) $1.1 Bilion (Ventures Africa) Industry: Oil & Gas O.B. Lulu-Briggs is a well-respected statesman in Nigeria. He is said to have a net worth of $500 million according to Forbes. The 83-year-old is also the chairman and founder of Moni Pulo Limited. The company is engaged in oil drilling, exploration, and production. Some of the company’s oil blocks are located in Abia, Akwa-Ibom, and Ondo state. The main project has a capacity to produce about 10,000 barrels of oil a day. Together with His wife, O.B. Lulu-Briggs runs the O.B. Lulu- Briggs foundation which offers humanitarian assistance to the remote villages.

12b. Emmanuel Ojei Net Worth: $1.2 Billion Industry: Diversified
Dr. Emmanuel I. U. Ojei serves as the Chairman of Nuel Ojei Holding Limited. Dr. Ojei heads a worldwide group of companies whose scope of activities remain diverse and include Construction, Banking, Importation, Sales and services of motor vehicle and Oil. He is a highly successful industrialist and investor


12a. Bode Akindele Net Worth: $1.2 Billion Industry: Diversified

Akindele is the chairman of Mondola Group, one of the largest Nigerian-owned conglomerates with interests across the agriculture, beverages, food processing, manufacturing, maritime, real estate and transportation sectors.


11. Dr. ABC Orjiakor Net Worth: $1.2 Billion Industry: Oil & Gas

This orthopaedic and trauma surgeon turned Oil and Gas business mogul is the chairman and co-founder of SEPLAT, one of Nigeria’s largest petroleum development companies. SEPLAT made history as Nigeria’s first indigenous oil and gas company to list on the London Stock Exchange. SEPLAT’s dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. The Initial Public Offer also raised the Nigerian Stock Exchange (NSE) market capitalisation by 2.23 percent. No wonder the World Economic Forum (WEF) named SEPLAT as a Global Growth Company in 2014. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals and shipping.


10. Igho Sanomi Net Worth: $1.3 Billion Industry: Oil & Gas

Igho Sanomi, Nigeria’s youngest billionaire is the founder and CEO of Taleveras Group, a Nigerian energy, power, construction and trading conglomerate with an annual revenue of over $3.5 billion. He has business interests in oil, telecommunications, maritime, aviation and real estates. Igho Sanomi was profiled by Forbes magazine in 2007 as “one of the new generation of young professionals in Nigeria who are establishing themselves as young leaders of the private sector business community

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9. Oji Uzor Kalu Net Worth: $1 Billion Industry: Oil & Gas
Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun and New Telegraph newspapers in Nigeria, he served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media. Kalu is the chairman of First International Bank Limited. The bank operates branches throughout Gambia.


8. Benedict Peters Net Worth: $2.7 Billion Industry: Oil & Gas
Benedict Peters is the founder and vice chairman of Aiteo Group. Peters cut his teeth in the early nineties working with Aliko Dangote’s younger brother, Sayyu Dantata in the oil and gas business, and with Wale Tinubu, Mofe Boyo and Onajite Okoloko at Ocean and Oil (now Oando). Benedict Peters is listed as the 17th richest person in Africa, with a net worth of approximately $2.7 billion


7. Jim Ovia Net Worth: $850 Million (Forbes), $2.3 Billion (Ventures Africa) Industry: Banking, Telecoms
Jim Ovia is estimated to be worth approximately $850 million ($2.3 billion according to Ventures Africa). He is the founder of Zenith bank which is the second largest company in Nigeria. Zenith bank has its headquarters in Victoria Island, Nigeria. The Bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. In addition, Ovia owns numerous properties all over Nigeria.


6. Tony Elumelu Net Worth: $1 Billion (Forbes), $1.6 Billion (Ventures Africa) Industry: Investments
Tony Elumelu was born in 1964. He is the Chief executive and also the Group managing director of United Bank of Africa (UBA). As one of the most outstanding entrepreneurs in Africa, he also sits in many boards. He is a director at Standard Global Services Ltd, and ADIC. Mr. Elumelu is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, as well as Flame Petroleum and Gas Limited. He is among the top richest men in Nigeria, thanks to a variety of investments, including a controlling interest in Transcorp, Nigeria’s largest publicly traded conglomerate; a significant stake in the United Bank for Africa; and an extensive portfolio of real estate across Nigeria, among other assets.

5. Theophilus Danjuma Net Worth: $1.1 Billion (Forbes), $1.8 Billion (Ventures Africa) Industry: Oil & Gas
Theophilus Danjuma was born in Takum, Taraba state on 9th December 1938. The billionaire started off as a soldier having served in the Nigerian Army. He also ventured into politics where he served as a Minister of Defense under President Olesegun Obasanjo. Mr. Danjuma is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company.


4. Cletus M. Ibeto Net Worth: $3.7 Billion Industry: Diversified Cletus M. Ibeto is a Nigerian businessman from the industrial city of Nnewi, Anambra state. He is the head of The Ibeto Group, the largest business enterprise from Nnewi, a city unique for its entrepreneurial spirit. His interests span automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. He owns several hotels across Nigeria under the Ibeto Hospitality brand.


3. Prince Arthur Eze Net Worth: $5.7 Billion (Ventures Africa) Industry: Oil & Gas
Arthur Eze (AKA Ezenukpo) is the founder, owner and serves as Chairman of Atlas Petroleum International Ltd. A West African oil exploration company. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. Atlas Oranto Petroleum also owns equity and working interests in several acreage across the Gulf of Guinea, this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin.


2. Mike Adenuga Net Worth: $4.7 Billion (Forbes), $8 Billion (Ventures Africa) Industry: Telecoms/Oil and Gas
Mike Adenuga is the 2nd richest man in Nigeria and the 5th in Africa. He is estimated to be worth about $4.7 billion. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. He is the founder of the 2nd largest cellular phone company in Nigeria, Globacom. The mobile network company has over 24 million users in Nigeria, and also operates in Benin.

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1. Aliko Dangote
Net Worth: $21.6 Billion (Forbes), $25.7 Billion (Ventures
Africa)
Industry: Cement, Sugar, Flour

Alhaji Aliko Dangote is worth an estimated $21.6 billion. He
is the richest man in Africa, and 67th in the world
according to Forbes. He was born in Kano, Nigeria on 10th
April 1957. He gained his university education in Al –Azhar
University in Cairo, Egypt where he studied Business
Studies. Mr. Dangote is the chairman and CEO of Dangote
Group of Companies. The company has interests in the field
of mining, petroleum, steel, and cement. Its operations are
spread out across Africa in countries such as Zambia,
Cameroon, Ghana, Togo, South Africa, and Benin. He also
holds stakes in two undeveloped offshore oil fields in the
Nigeria-Sao Tome Joint Development Zone. Aliko Dangote
is by far the richest man in Nigeria.



Source;www.buzznigeria.com/richest-men-nigeria/

Most of them got there wealth from oil and gas. It is well

Nice writeup...But Guess what..a new generation of Billionaires will soon emerge and there wealth will not be from Oil and Gas Rather from ICT...