₦airaland Forum

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 rich to the bone. 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.

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.

This is going to be an interesting battle between Due process and the powers that be. I just hope the investors will not bear the brunt.

I don't have any regrets. Life is tough and challenging but i still have no regrets. Regrets come with old age but i am still very young. No regrets at all and i am thankful to God for that. Cheers.

I don't have any regrets. Life is tough and challenging but i still have no regrets. Regrets come with old age but i am still very young. No regrets at all and i am thankful to God for that.

I'll advice you go into blogging business, it pays. For more info on how to start a blogging business, please go to the money section of this forum. I am sure you will get some super tips there.

It looks like the right thing to do but then, who are we to judge. The word of God says "judge not, so ye be not judged"

I hope you have found your answer.

I will advice you start an internet business. The risk and over head capital is low but the profit potential is high. If you are interested in learning more about the kind of internet business i am involved in, just download the ebook i attached below and read. Thanks

If you are really serious about making money online, then just download the ebook i attached below and read.

Cheers

Seun, You are an inspiration to youths. I am really on a quest to build a business empire and i definitely want to build it the way you suggested. I think this is the same strategy used by British Billionaire; Richard Branson. He expanded and diversified his company, yet, he remained small.

Hold on to your dreams Seun, i will see at the gathering of Nigeria's self made Billionaires. I love you

Are the moderators of this board sleeping.

There are many ways to make money online but i will advice you go into blogging. I am deeply involved in blogging business and i can confidently tell you there is money in it. If you want to learn the insider secrets to making money from blogs, just download the ebook i attached here and read.

Cheers

If you want to learn how to monetize your website, just download the ebook i attached below and read it carefully.

To your success.

I am strictly into the business if building and selling blogs online. If you seriously want to make some bucks online, then blogging is the way to go. For more details of how to start and make money online through blogging, just download the ebook i attached below and read carefully.

Cheers.

If you are really serious about starting an online business or runs as you term it, i will advice you go into blogging. For more details on blogging business, just dowload the ebook i attached here and read.

Thanks

stagger:
Imagine someone wants to make $450 without working.

Nowonder, you are truly lazy. You want to defraud a law nature that says that for you to earn,you must work!

Stagger, you are very correct.

Mr nowonder, i think you deserve what you got. Imagine! You want to make $450 every 3 months without lifting a finger. I wonder when Nigerians will drop their get rich quick mentality.

I have the perfect solution for you. Take your dog to a calabar restaurant for deliverance.

This topic is highly irrelevant. Please nairalanders, look for something better to discuss.

There is still massive hot deals in d stock market but it will take a trained eyes to see these deals, so my sincere advice to you is this: spend at least $100 to educate yourself on stock investing. It will save you in the long run. Cheers.

There are Venture Capitalists for all sectors of the economy. All u need is a solid business, a strong business plan and a smart presentation of your plans.

I am really encouraged by your contributions. Please keep up the good work. Kudos

He deserves it. More grease to his elbow.

If you really want to start an online business, then i will advice you go into blogging and this is my reason. A blog will bring you credibility, fame, popularity and of course "Good Cash." I am deeply involved in blogging so i can recommend it to you with all boldness. If you are interested in learning more about blogging, i attached an ebook for you, just download and read.
Thanks

[quote author=Tayo-UK link=topic=403292.msg5582631#msg5582631 date=1267091828]You need to be very careful, it's difficult to manage any business from abroad except the one you have established yourself and you have bunch of trusted staff and you know all the loopholes in the business so that you will always know what the business will give you in the worst day, week or month.

Good luck![/quote]I think tayo-uk is right. I will advice you start an online business. You can monitor it at your own convenience, the start up capital is low and the profit potential is very encouraging. I am deeply involved in blogging. If you are interested in learning the pros and cons of how to set up your own blog and make money from it, just download the attachment below.

Cheers

This is not a joke neither is it a scam. You can actually make $275 from the internet every week without your friends and neighbours blinking an eye. For proofs and how you can go about it, i attached a free ebook here. All you have to do is download and learn from the experts.

Thanks

enyotony:
I want say a very big thank you to all that have given their contribution here. Let me say your contributions had really help me. Thank you very mush to consultant martins. I remain ever grateful. I wish you can allow me to be taken by you as a son and i would have bend down will to learn more from you. I am happy about your offer thank you very mush.
enyotony

Thanks for your compliment. I am doing this because i think it is high time Nigerians start taking the internet by storm positively. On my blog, i don't hide the fact that i am a Nigerian, i don't change my ip address and my picture is boldly displayed there. If you don't like me as a Nigerian, you can leave my blog but i thank God that i am now accepted and respected because my blog content speaks for me.

If i can do it, i believe everyone can. Let us join our hands together and tell the world that good things and good people still exist in Nigeria.

It shall be well. God bless