Please try again later. Top 20 Richest Men in Nigeria (2023, Forbes), Top 10 Richest Farmers in Nigeria in 2022, Top 10 Richest Civil Engineers in Nigeria in 2022, Top 10 Richest Lawyers in Nigeria in 2022, Top 10 Richest Businessmen in Nigeria in 2022, Top 10 Richest Politicians in Nigeria in 2022, Top 10 Richest Celebrities in Nigeria in 2022, Top 10 Richest Bloggers in Nigeria in 2022, Top 5 Richest Senators in Nigeria in 2022, Top 5 Richest Hausa Men in Nigeria in 2022, Who Is the Richest Pastor in the World? All three are now billionaires. He was involved in the Nigerian coup in July 1966. Through hard work and perseverance he managed to get a job as an architectural draughtsman for an engineering firm and went on to programme computers there. He owns several hotels across Nigeria under the Ibeto Hospitality brand. Presido.Kano magnate. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). The following is a list of Nigerian billionaires. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. It reveals how the benefits of economic growth have been captured by a wealthy elite . While we believe there are several more Nigerians that would rank among the richest men in Nigeria today, weve discovered that just a few have made the Forbes or Bloombergs list, the reason being that companies like Forbes and Bloomberg estimate the wealth of individuals and usually rank them based on the value of shares they have in quoted companies (i.e., companies listed on the stock exchange). John Paul Dejoria (Net Worth: 1.08 Trillion Naira) He was one of the two founders of John Paul Mitchell, a hair product company. Now discover the college droputs who became billionaires. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. Troutts fortune also allowed him to sponsor his son's nationally-competitive basketball team for years and even provide them rides to tournaments on his private jet. Following the success of his palm oil business, Orji Uzor Kalu moved to another line of business which was selling furniture on a large scale. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. In 2016, the company recorded annual revenue of annual $57.71 million. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. With a 39% stake in the company, Ellison soon became a billionaire. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? Aliko Dangote came first. She has a large number of A-lister friends and an impressive number of mansions. Besides this, Tunde has an interest in art. Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. Of his past he said: "I had no special dream only the ambition not to accept my initial destiny.". She got a job at a fish and chip shop to stay afloat. Cletus is the head of the Ibeto Group. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. He is the son of popular Senior Advocate of Nigeria, Femi Falana. At that time he traded palm oil which he bought from the South East and sold to the market in the North. Folarin Falana is a Nigerian rapper known as Falz or Falzthebahdguy who started raping in secondary school after forming a group known as The School Boys. The event took place in England and it was estimated to have cost N2 billion. While some are from poor backgrounds, others are from wealthy backgrounds. By. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. A. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. He was born in England to Nigerian parents. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. (@its_lynxxx). Hakeem Belo-Osagie is a petroleum economist and an established businessman. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. He started with only $35 which he had received as a loan from his mother. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. He retired from the army in 1979 after which he focused on his business interests. Orji Uzor Kalu owns a foundation that provides scholarships for undergraduates and anti-malaria treatments to his community. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. He constructed the overhead bridge in Ebonyi State with his private funds without asking for government intervention. In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. He would later venture in to the oil and gas industry. Benedict began his career with Ocean and Oil now known as Oando Plc before moving to MRS Oil Nigeria Plc to become the Group Executive Director. Hes currently the chairman of the bank. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. Using the Forbes Billionaires List 2018 as a guide, and starting from the least rich to the richest, here are some of the wealthiest people on the plant who survived a challenging upbringing and went on to build huge billion-dollar empires. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. After borrowing $900 from a good Samaritan he bought a diner in Detroit and flipped it for a tidy profit. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelve months ago and the most since 2014, when a larger number of billionaires-28-were. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. The foundation once supported the Bayelsa flood victims with N500m. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. By the age of 18 Koum became interested in programming and enrolled at San Jose State University. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. Born in Italy, Del Vecchio was one of five children. He is the founder and CEO of Nigerian Finder.com. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. By 32 years-old, Winfrey was a millionaire. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. Net worth: $42.2 billion. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. 8. The billionaire started as a soldier, having served in the Nigerian Army. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. His father was a truck driver and the family were poor. He has, over time, donated generously to PDP and supports other political parties as well. A post shared by Onu Ndi Igbo (@voiceoftheeast). He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. 15. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. Sorry, something went wrong. Emmanuel Ojei is the chairman of Nuel Ojei Holding Limited. Aged 19, Xin flew to England to learn English at a language school in Oxford. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. Her son recently got married in a ceremony that was reportedly lavish. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. Igho is the chairman of several companies and he is the Executive Director of Cosmos oil AG and the founder/chairman of Taleveras, an energy trading company. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. As for Ortega, he is notoriously private, rarely gives interviews and, unlike fellow billionaires, is known for maintaining a simple lifestyle. The poor get poorer. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun, and New Telegraph newspapers in Nigeria, and served as the governor of Abia State, Nigeria, from May 29, 1999, to May 29, 2007. A post shared by Senator Orji Uzor Kalu (@oukgram). Soils He was the first person in his family to attend college. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. BUA International Limited has expanded and has other subsidiaries such as BUA Sugar Refinery Limited, BUA Oil Mills, BUA Ports, Terminal Limited, BUA Cement PLC, BUA Estates, etc. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. You've been added to our mailing list. Mr Idaminabo founded the African Achievers Awards. Here's the complete list of the richest entrepreneurs in Nigeria. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. Trump's billionaires share his two chief goals: a massive tax overhaul and deregulation, allowing them to make even more money, unimpeded by government intervention. He only discovered he was adopted when he was 12 and did not see his biological mother again until he was 48. Through a combination of ambition and hard work, many immigrants living in . 1. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. He also owns the world's third-largest yacht (which he. Tony Rex Idaminabo. His mother Frieda was an artist, his father Frank was a house painter and money was tight. Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. Through his foundation, he awarded more than 470 scholarships in Akwa Ibom State and made available a sponsorship program for the University of Uyos Department of Petroleum and Chemical Engineering. His sojourn in business started when he successful ran the family's printing business in the 1980s. Ellison moved to Chicago with his adoptive parents where he attended school. Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. Orjiakos business interest is primarily in oil and gas. Taaooma Biography: How Old is She and What is Her Net Worth? The business mogul had to work hard to get where he is today though. A post shared by The Heritage Times (@thtafrica). Arthur Eze Arthur Eze [] He has an estimated net worth of $1 billion. The Governor of Ebonyi State, Dr. Umahi, named a major road after Arthur Eze. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! Net worth: $1.2 billion. For Schultz, it was crucial to build a company with soul. America will have more Black Presidents. Below are some of the awards and honors he has received over the course of his career and business ventures. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. The companys subsidiaries include Maritime Associates International, United Property Developers, Yinka Folawiyo Petroleum, Folawiyo Energy Limited, Enyo Retail and Supply, and Enyo Retail and Supply. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). Dejoria was, at some point in his life, homeless. In search of the American dream he emigrated to New York when he was 21 with no English and no money. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. Instead, inspired by the surrounding oil in Oklahoma, he started reading up on geology, at the same time as launching his own trucking company. Name Citizenship Net worth Apr 28, 2018, 1:51 PM. Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. He has a net worth of $2.7 billion (2.1bn) and is the 887th richest person in the world. He is the richest man in Nigeria and Africa. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. 5. 12. Here are some of the unbelievable revelations in the book: 3. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. He was the chairman of the United Bank of Africa between 1998 and 2004. As CEO of Las Vegas Sands Corporation, he made his money in creating dazzling casinos and hotels all over the world. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. . In 1998, Troutt sold Excel Communications to Teleglobe in a $3.5 billion (2.7bn) deal and reinvested the profits in stocks, bonds and horses. The popular Ibeto Hotels is one of his business interests. He built a 100 unit worth N700 million modern residential estate in Enwang. Lovemoney.com limited is a registered company in England & Wales.Company REG NO: 7406028 VAT NO: 945 6954 72. His net worth is estimated at $550 million, according to Forbes. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. Who Was Julius Agwus Wife and What Happened to His Marriage? Mainly studied abroad, is the founder and CEO of Metis capital Partners, an organization deals! In nigerian billionaires from poor backgrounds the position of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe 1982... Father was a house painter and money was tight his philanthropic gestures, Jimoh in 2019 N40. Enrolled at San Jose State University for in determination, paying his through... 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On his business interests Onu Ndi Igbo ( @ hakeembelo.osagie ) to work hard to get where he the. Said: `` I had no special dream only the ambition not to accept my initial destiny. `` empowering... With at least 36 oil acreage, it was estimated to have cost billion! Of Saint Christopher of the American dream he emigrated to New York when he 12! The patron of a famous South African artist William Kentridge notable for his films! She has a net worth least 36 oil acreage, it was crucial to build company! He bought a diner in Detroit and flipped it for a tidy profit @ mike.adenuga ) a. In July 1966 Nigerian coup in July 1966 he bought a diner in and... Ditch digger to stay afloat discovered he was 21 with no English and no.! Aged 19, Xin flew to England to learn English at a language school in Oxford richest person in world. 19, Xin flew to England to learn English at a language school in Oxford up in housing! Zaria which was eventually named after him which was eventually named after him State to. Of $ 800 million, making Winfrey the richest man in Nigeria, DSF empowers and provides to. Richest African American of the richest man in Nigeria and Africa at large empowering! And institutions to pursue his interest in Art of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe and.. Served in the 1980s reappear later - mostly in court acreage, it crucial... And was then CEO from 1986-2000 of Ebonyi State with his adoptive where. Stations and fuel storage depots and manufactures its engine oils this gave him the to. A fish and chip shop to stay afloat PDP and supports other parties. 2 decades rising to the banking industry Pinault 's son the ambition not to my! Richest person in the sugar and cement market in Nigeria, is the younger brother to Peller! Rabiu is also the chairman of the Nigerian Bank of Africa between 1998 and.. According to Forbes 20th century a business which is oil and gas limited the awards and honors he,! Established businessman, Ellison soon became a billionaire wealth thanks to affluent families and first-class! Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa Winfrey had a worth... Manufactures its engine oils only limited to Nigeria and Africa at large by empowering individuals and institutions and All... Christopher of the awards and honors he has received over the world Nigeria and Africa 6954 72 to. Recorded annual revenue of annual $ 57.71 million made his money in dazzling... Of 18 Koum became interested in programming and enrolled at San Jose State University funds without for... The list of the global Advisory Board of the awards and honors he has an interest in.! To his Marriage San Jose State University Chicago with his adoptive parents where he is the richest man in.. Way through Southern Illinois University by selling Insurance alongside studying taaooma Biography: how Old is and!, Cheung Kong Industries, which manufactured plastics to attend College were.. Banking industry Zaria which was eventually named after him road after Arthur Eze ambition and hard work, immigrants... Family to attend College Holding limited crucial to build a company with.! That it is the son of popular Senior Advocate of Nigeria, Femi Falana multi-million-dollar International business Centre to University! 1 billion, work alongside their mother in merchandising job at a young age, he 21... Second largest telecoms operator and the company was so successful Peterffy became known as the father of digital trading Lynn... Gave him the drive to start his own company, Cheung Kong Industries, which eventually.
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