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Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires - Business - Nairaland

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Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by consultmartins(m): 10:46pm On Mar 15, 2010
For a long now, there has been a silent battle of who's who on the list of nigeria's richest billionaires. To quench the thirst for knowledge and put an end to this long time exaggeration, i decided to carry out an individual research. The comprehensive result of this research is what i want to share here on Nairaland.

Most people on this list decided to lie low and avoid the lime light of the Forbes ranking but they are billionaires by all standards. These men and women stinkingly rich. I also want to let you know that if all these men should declare their assets to Forbes, it will raise some dust for some of them and it will also create a battle for the first position between them.

The criteria for coming up with this list is this:

1. By the value of their shares held in quoted companies.
2. The size and market share of their companies
3. The number of companies they own and its assumed value
4. The market value of their company's brand
5. Their political activities, leverage and shrewdness

My comprehensive list of the Top 50 Richest Nigerians without regards to position and ranking.

1. Aliko Dangote: Owner of Dangote Group and Forbes richest black man.
2. Dr Mike Adenuga: A Silent humble Billionaire, Chairman, Globacom, Equitorial Trust Bank, Conoil and others.
3. Jimoh Ibrahim: Global Fleet and Nicon Group, one of Africa's largest Insurance company
4. Late Sanusi Dantata: Largest licensed buying agent of groundnut and cement. Grand father of Aliko Dangote. He mentored and gave Aliko Dangote a loan of N500,000, excluding other settlement pay in 1976.

5. Olorogun Michael Ibru: The man behind the wealth of the Ibru Family.
6. Pascal Dozie: Silent Billionaire, founder of Diamond Bank, MTN Nigeria Ltd etc.
7. Late Gen Sani Abacha: Former Head of State
8. Rtd Gen Ibrahim Badamosi Babangida: Former Head of State and frontline politician
9. Umaru Abdul Mutallab: Mutallab Group, former chairman of First Bank Plc. If not for the terrorism act of his son, nobody would have known much about this silent billionaire.

10. Orji Uzor Kalu: Slok Group, former Governor and frontline Politician
11. Alhaji Shehu Dantata: Dantata Group
12. Femi Otedola Chaiman of AP and owner of Zenon Oil and Gas
13. Harry Akande: Frontline politician and Business man.
14. Chris Uba: Business man and no-nonsense political Godfather
15. Oba Otudeka: Honeywell Group and other companies
16. Olusegun Obasanjo: Former president of Nigeria, rumored to be worth about N180bn
17. Late Maryam Babangida: Wife of IBB, Business woman. humble, silent and stinkingly rich.
18. Andy Uba: Business man, frontline politician. Owns lots of properties including two mansions in Maitama Abuja valued at N4bn each. In Maitama, a plot of land goes for nothing less than N800m.

19. Atiku Abubakar: Former vice President of Nigeria and frontline politician.
20. Hajiya Dr Mariya Dantata: Strong business woman. Very quiet about her financial status.
21. Chief Rasaq Okoya: Eleganza Group
22. Cosmos Maduka: Owner of Coscharis Group, sole distrbutor of BMW and Ford vehicles in west Africa

23. Pastor Enoch Adeboye: Overseer, Redeemed Christian Church Of God. Owns two Jets and ships.
24. Alhaji Sayyu Dantata: founder, MRS Group. Recently acquired Chevron Nigeria and Texaco
25. Deinde Fernandez: Nigerian business man in diaspora
26. Late sir Mobolaji Bank Anthony: Rich business man with over ten companies
27. Peter Odili: former Governor of oil rich state, owns a jet.
28. Bayo Ligali: MD/CEO Zain Nigeria, also controls other companies.
29. Bola Ahmed Tinubu: former Governor of Lagos state, frontline politician
30. Raymond Dokpesi: Owner of AIT, Daar communication, Ray power etc
31. James Ibori: former Governor of Delta state
32. Chief Cletus Ibeto: founder and owner of the Ibeto Group
33. Otunba Subomi Balogun: Chaiman, FCMB
33. Fola Adeola: founder GTBank
34. Gabriel Osawuru Igbinedion: Okada Group

35. Jim Ovia: founder of Zenith Bank, Visafone Telecom
36. Dele Fajemirokun: Chaiman, Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.
37. Late Yinka Folawiyo: Folawiyo Group
38. Chief Molade Okoya Thomas: Chairman CFAO Nig and other six french companies
39. Umaru Dikko: frontline politician
40. Buba Marwa: former military Governor of Lagos state
41. Late M.K.O Abiola: Business man and frontline politician
42. Sir Emeka Offor: Chrome Group, ERHC Energy inc
43. Wale Babalakin: Chairman, Bi-Courtney
44. Rochas Okorocha: Business man

45. Abdulsamad Rabiu: Chairman/CEO BUA Group
46. Late Augustine Llodibe: Transport Magnate, Ekenedili Chukwu
47. Tony Ezenna: Oranges Drugs Group
48. Alhaji Sani Dangote: Shrewd Northern Business man.
49. Chief Ade Ojo: Elizade Nig Ltd, distributor of Toyota cars
50. Prince Samuel Adedoyin: Doyin Group

This is the comprehensive list of the top 50 richest nigerian billionaires. Others who are also rich but did not make the top 50 are:

Tony Elumelu: MD/CEO UBA Group
Arthur Nzeribe frontline Politician
Emmanuel Iwuanyanwu frontline politician and business man
Ifeanyi Ubah Capital Oil and Gas
Cecilia Ibru MD/CEO Oceanic Bank (she did not make the top 50 because much of her wealth is traced to her husband)

Our research also shows that the some of the Richest families in Nigeria are:

The Dantata family
Abacha family
Babangida family
Ibru family
Uba family

That's all i can share for now. If you feel there is anyone left out on this list, please feel free to add it. I hope to be on this list one day, what about you.

Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by alade76: 9:26pm On Jan 01, 2011
Chief James Kalu of abia State should be on the list. he is know as the silient billionaire, he owns kelly sales nig ltd, he owns jk investments llc. he owns an oil drilling well in Saudi Arabia, that produces about 50,000 barrels a day. he owns hotels in USA and Europe. he's estimated to be worth over $80million. he deserves to be on that list.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Czarskit(m): 10:19am On Jan 02, 2011
U̶̲̥̅̊ forgot my namr, I own Czar Group U̶̲̥̅̊ nitwit!
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by iphy42: 10:39pm On Jan 02, 2011
Your list is outdated. Some people in that list were "once billionaires". The list of rich men is very inexhaustive.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by bigdoo: 6:38pm On Jan 04, 2011
It appears that the surest way to become a billionaire in Nigeria is through politics as the list featured most of our former presidents and politicians. What a shame for Nigeria. Compare that to what obtains in United Kingdom and USA. Most of their past presidents and prime ministers are just ordinary men. No wonder we are killing each other because of political power.

1 Like

Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Nobody: 11:17am On Jan 05, 2011
So neither the celebrities nor dfootballer cud make it to be in d list

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Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by jadacliff(m): 7:58am On Mar 10, 2011
jadacliff is worth $100million dollas.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by onyebaba(m): 5:38pm On Mar 10, 2011
D Obaseki's,Chief Arthur Eze were omitted

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Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Antiscam1: 9:34am On Mar 11, 2011
u tried,but the names of Obaseki Gaius(former GMD NNPC) & Obateru Akinruntan(Owner of Obat oil) deserved to be on dat list instead of wives of Abacha &babangida because their husband owns d money
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by honeric01(m): 10:08am On Mar 11, 2011
Most of them are criminals, so i am not impressed by them at all.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by samolina1(m): 10:34am On Mar 11, 2011
Baba Iyabo N180Bn? That's a mistake, what meant is N180Trilion. He should be no.1 on the list. Believe me!

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Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Nobody: 1:11pm On Mar 11, 2011
They all achieve it through corruption
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Nobody: 10:43am On Sep 24, 2012
alade76: Chief James Kalu of abia State should be on the list. he is know as the silient billionaire, he owns kelly sales nig ltd, he owns jk investments llc. he owns an oil drilling well in Saudi Arabia, that produces about 50,000 barrels a day. he owns hotels in USA and Europe. he's estimated to be worth over $80million. he deserves to be on that list.

You are joking, these men listed by the poster are worth at least $1billion dollars each. So stop being childish here. $80million dollars is just the price of 2 Gulf stream private jets.

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Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by delegirl(f): 4:03pm On May 03, 2013
ALhaji Suleiman Adegunwa, owner Ess-ay Holdings and Bigi sausage roll, Chairman of Sterling Bank, and other companies
TUFace Idibia one of the Nigerian richest Artist
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by slkphil: 10:54pm On May 03, 2013
How can you refer to Tu face as a billionaire
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Nobody: 4:55pm On Jul 17, 2013
Fingers are not equal and sometime/mostly background determine.in 1977 dantata gave dangote 500,000<3,500dollars>. Think of those days to own such money is not a joke.worth 500million now @ the age of 21years.Anually in country,we have minimun of 200,000 of university & polythenic student graduating from school without job.YOU CAN'T COMPARE..
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by TheCode(m): 11:10am On Oct 13, 2013
some people here should Seriously stop being ridiculous. Tuface is not even worth up to a billion naira. Also, the poster mentioned the names of those worth at least a billion US DOLLARS, not naira. Tuface and all Ann Macaulay films put together, multiplied by 50 is nowhere near a billion dollars... do the math!
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by TheCode(m): 11:12am On Oct 13, 2013
some people here should Seriously stop being ridiculous. Tuface is not even worth up to a billion naira. Also, the poster mentioned the names of those worth at least a billion US DOLLARS, not naira. Tuface and all Ann Macaulay films put together, multiplied by 50 is nowhere near a billion dollars... do the math! (@ poster, u forgot mrs. Alakidja or something... the owner of Famfa oil)
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by chriseruba: 12:17pm On Oct 13, 2013
wat of tony ezenna-orange drugs, the owner of nest oil and innoson
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by olushowunm(m): 8:51am On Oct 22, 2013
You missed names such as Modupe Alakija, Alhaji Abudu, Kola Abiola, Kensington Adebutu, Gov. Fashola, Indimi's, Yar'adua's, Ojukwu's and Erastus Adebgola(the banking wizard).
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Dereformer(m): 9:47am On Oct 22, 2013
bigdoo: It appears that the surest way to become a billionaire in Nigeria is through politics as the list featured most of our former presidents and politicians. What a shame for Nigeria. Compare that to what obtains in United Kingdom and USA. Most of their past presidents and prime ministers are just ordinary men. No wonder we are killing each other because of political power.

True talk bro. Nigeria is damned.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by norriswood(m): 10:24pm On Oct 22, 2013
Ishaku rabiu owner of bua sugar, ajaokuta steel , acquired edo cement now bua cement.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by LeStylo: 5:33pm On Dec 30, 2013
norriswood: Ishaku rabiu owner of bua sugar, ajaokuta steel , acquired edo cement now bua cement.

Also owner of IRS airline.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by DadaStephen1(m): 8:44pm On Dec 30, 2013
Where is the richest black woman ; Modupe Alakija?
Where is Bola Shagaya?
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by gameboyo: 9:59pm On Dec 30, 2013
Ur list is debatable.abiola should not be on that list again.most of his biz has gone extinct.
And who's andy uba,chris uba compared to tony elumelu?

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Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Sejj(m): 5:29pm On Jul 03, 2014
Where is Folorunsho Alakija (the richest black woman in the world and owner of Famfa Oil, the largest stakeholder in OML 127), ABC Orjiakor (the stinkingly rich chairman of Seplat Petroleum) and a lot of other billionaires.
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Youngzedd(m): 5:53pm On Jul 03, 2014
7. Late Gen Sani Abacha: Former Head of State



You didn't tell us what this man was into@ OP
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by Nsonaso(m): 12:17am On Feb 27, 2016
Neyoor:
So neither the celebrities nor dfootballer cud make it to be in d list
but on paper you will see some footballer earning £956 billion (somebody's net worth) in 2 hours... I don't know who is deceiving who?
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by iroanthony: 8:51am On Mar 06, 2017
Salary of footbalkers is true judt that they can not be ranked since their source of income is a gift of fortune

1 Like

Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by ultrazone(m): 3:04pm On May 23, 2017
Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by siwandabeauty: 5:32pm On Nov 27, 2017
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