Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,320 members, 7,819,092 topics. Date: Monday, 06 May 2024 at 11:04 AM

Grand List Of The Richest People In Nigeria - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Grand List Of The Richest People In Nigeria (2811 Views)

Forbes Publishes ‘first-ever’ Richest People In Cryptocurrency List, No Nigerian / See Why Bitcoin Investors Might Make The List Of Richest People In The World (2) (3) (4)

(1) (Reply) (Go Down)

Grand List Of The Richest People In Nigeria by Benblaq(m): 12:23pm On Jun 28, 2016
They own oil blocs. They control banks. They
are leaders in their industries. They are some
of the biggest employers of labor. They are
officially the top ten richest people in Nigeria at
the moment and together, they’re worth
about $35billion. 10. Mohammed Indimi Net Worth: $670 Million A distinguished and highly successful
businessman, Mohammed Indimi is the sole
Founder and Chairman of Oriental Energy
Resources – a Nigerian oil exploration and
production company. He is also a founder of
many successful indigenous companies and sits on the board of several privately owned
companies encompassing all sectors of the
economy. Mohammed Indimi is a humanitarian and a
philanthropist and has received numerous
awards as well as honorary doctorate degrees
from notable Universities in Nigeria, Ireland
and the United States. 9. Abdulsamad Rabiu Net Worth: $700 Million Abdulsamad Rabiu was born into affluence. His
father, Isyaku Rabiu, was one of the richest
and most influential businessmen in northern
Nigeria in the 1970s and 1980s. He set up his
own business in 1988, importing rice, sugar
and edible oils as well as iron and steel rods. Today, the 55year old magnate runs BUA
Group, a conglomerate active in flour milling,
pasta manufacturing, ports and terminals
management and sugar refining. BUA Group
also operates two cement plants in Nigeria and
reportedly spent $500 million for a new cement plant in Nigeria’s Edo State that is
expected to open in early 2015. 8. Jim Ovia Net Worth: $850 Million Born November 4, 1951 at Agbor, Delta State,
Jim Ovia co-founded Zenith Bank Plc in 1990
and retired as pioneer Group Managing
Director/Chief Executive Officer in 2010 after
two decades of leadership which positioned
the bank as one of the largest and most profitable banks in Africa. In July 2014, he returned to the Zenith Bank
Group as Chairman and remains the bank’s
largest individual shareholder with a 9.3%
stake. He also owns Visafone, a telecoms
company and in August 2014, he started
construction of a $1.5 billion petrochemical complex in Akwa-Ibom in Nigeria. 7. Femi Otedola Net Worth: $900 Million Femi Otedola is the billionaire owner of multi-
billion naira indigenous oil giant Zenon – a
dominant force in the diesel business among
oil marketing concerns. His company supplies
all the important fuel used to power generating
sets of most Nigerian industries and manufacturing firms. These include Dangote
Group, Cadbury, Coca Cola, Nigerian Breweries
MTN, Unilever, Nestle, and Guinness, among
others. In 2014, Femi Otedola made $398 Million in
90 days as the shares of his Forte Oil Plc
surged 176% in that period. 6. Orji Uzor Kalu Net Worth: $ 1 Billion Orji Uzor Kalu started business at age 19 after
being expelled from the University of Maiduguri
for participating in the ‘Ali Must Go’ riots
against the then Education Minister. While his colleagues who were also expelled
took the school to court, he took a $35 loan
from his mother and started trading
commodities like palm oil, rice, sugar, salt and
flour. He diversified into furniture
manufacturing and transportation and became a millionaire in less than 2 years. He hit the big time in the early 80s when the
military government awarded him lucrative
contracts to import and supply arms and
ammunition to Nigeria’s military and defense
forces. Today, the former governor of Abia State is the
Chairman of Slok Holding, a conglomerate with
interests in shipping, banking, oil trading,
manufacturing and the media. 5. Tony Elumelu Net Worth: $1 Billion In 1997, when he was 34, Tony O. Elumelu led
a small group of investors to acquire Standard
Trust Bank, a struggling commercial bank in
Lagos, and restored the bank to profitability
within a few years. In 2005, he merged the
bank with the United Bank for Africa and transformed it from a single-country
commercial bank into a financial services
institution with operations in several African
countries. He served as CEO until 2010. He then
founded Heirs Holdings, an African investment
holding company, with investments in financial services, power generation, oil and gas,
agribusiness, real estate and hospitality. In the
same year, he established the Tony Elumelu
Foundation, an Africa-based and African-
funded philanthropy, dedicated to catalyzing
entrepreneurship across Africa. Today, he is Chairman of Heirs Holdings as well
as UBA Group Plc and Transcorp Plc, which
is Nigeria’s largest listed conglomerate. 4. Theophilus Danjuma Net Worth: $1.1 Billion General T.Y. Danjuma is the founder of South
Atlantic Petroleum Limited (SAPETRO). In his
early life, he had a brilliant career in the
Nigerian Army and retired as Chief of Army
Staff in 1979. Today, the former defence
minister is the Chairman of SAPETRO and also owns a stake in Notore Chemical Industries, a
manufacturer of urea fertilizer, as well as a
stake in NALComet, one of Nigeria’s largest
shipping companies. 3. Folorunsho Alakija Net Worth: $2.5 Billion Mrs Alakija started a tailoring company –
Supreme Stitches – in the 1980’s after a stint
in the corporate world. With clients like former
first lady Maryam Babandiga, her company
quickly rose to prominence among Nigeria’s
high society. In 1993, an Oil Prospecting License she applied
for was approved, making her the owner of
one of the most lucrative blocks in Nigeria.
Today, Famfa Oil, her company, holds a 60%
stake in the oil field that pumps about 200,000
barrels per day. Folorunsho Alakija is the only woman on the
list and the second richest woman in Africa. 2. Mike Adenuga Net Worth: $4.6Billion Mike Adenuga is Nigeria’s second and
Africa’s sixth richest man. He made his first
fortune by trading lace and Coca-Cola after
returning from his studies in the United States.
He also made key friendships with top Nigerian
military personnel and earned lucrative state contracts along the way. He founded Conoil Producing, an oil exploration
firm, which owns at least 3 producing oil
blocks and is exploring for oil on 4 others. In
2003, he founded Globacom, which now has
more than 27 million subscribers in Nigeria,
making it the second largest mobile phone network company in the country after MTN. 1. Aliko Dangote Net Worth: $21.6 Billion Aliko Dangote made his first fortune more than
30 years ago when he started trading
commodities with a loan he got from his uncle,
Dantata. Today, while cement, sugar and flour
– the three commodities that built his fortune –
still make him a ton of money, he has diversified into the oil business. Last year, along with a consortium of private
and international lenders, he raised $9billion to
construct a private oil refinery, fertilizer and
petrochemical complex in Nigeria. He also
plans to invest $1 billion in commercial rice
farming and modern rice mills. Dangote is Africa’s richest man and the
richest black man in the world, and if you
combine the fortune of all the other people on
this list, he is still $13 billion richer than them. It really would take a while before someone
else dislodges him from his number one
position
Re: Grand List Of The Richest People In Nigeria by AngryNigerian(m): 1:04pm On Jun 28, 2016
Chaiii! Ruuk athi mòneyyy oooo...chaiii

Emeka...i nòkwa hiaa? Shukwuudi!!! Wat have we been doing at Alaba? We need to go & acquire oil block na-na-naw!

Keii, ngwa stop dat block you are moulding...anyi na-aga i gote oil block; so, no need of those blocks!
Re: Grand List Of The Richest People In Nigeria by Ugoeze2016: 10:25pm On Jun 28, 2016
Why did you skip Linda? She is in blogging money grin....
Re: Grand List Of The Richest People In Nigeria by ssolaoye: 6:24pm On Dec 06, 2018
Get to know the top ten (10) richest billionaires and entrepreneurs in Nigeria.

https://invoice.ng/blog/richest-entrepreneurs-in-nigeria/

(1) (Reply)

Help !!! My Younger Brother Invested My N1.7m In MMM / Is Odd3club.com.ng A Scam / Earn From Your Comfort Zone

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.