Image of Aliko Dangote

Who are the Richest people in Nigeria?

Here are some of the top 10 richest people in Nigeria:

1. Aliko Dangote

Image of Aliko Dangote
Image of Aliko Dangote


Aliko Dangote is a Nigerian billionaire industrialist, philanthropist, and the founder of the Dangote Group, one of Africa’s largest conglomerates with interests in cement production, sugar refining, flour milling, and more. Born in 1957 in Kano, Nigeria, Dangote built his empire from a trading business started by his grandfather. He transformed the Dangote Group into a multinational corporation, contributing significantly to Nigeria’s economic growth. Dangote is renowned for his entrepreneurial acumen and commitment to African development. His net worth is estimated at over $10 billion, making him one of the wealthiest individuals in Africa.


2. Mike Adenuga

Image of Mike Adenuga
Image of Mike Adenuga

Mike Adenuga is a prominent Nigerian businessman, investor, and philanthropist. Born in 1953 in Ibadan, Nigeria, Adenuga is the founder and chairman of GlobalCOM, a leading telecommunications company in Nigeria and other African countries. He also has interests in oil exploration through his company Conoil Producing. Adenuga’s entrepreneurial ventures have earned him significant recognition, including being named one of the wealthiest individuals in Africa. His net worth is estimated to be over $6 billion, making him one of the richest people not only in Nigeria but also on the African continent.


3. Abdul Samad Rabiu:

Abdul Samad Rabiu is a prominent Nigerian businessman and philanthropist, known for his contributions to the Nigerian economy and society. Born in 1960 in Kano State, Nigeria, Rabiu is the founder and chairman of BUA Group, a diversified conglomerate with interests in cement, sugar refining, real estate, and infrastructure. Under his leadership, BUA Group has become one of the leading industrial players in Nigeria and beyond. Rabiu’s business acumen and commitment to social responsibility have earned him widespread acclaim. His net worth was estimated to be over $4 billion, solidifying his position as one of Nigeria’s wealthiest individuals.


4. Femi Otedola:


Femi Otedola is a prominent Nigerian entrepreneur, investor, and philanthropist, renowned for his contributions to the Nigerian business landscape. Born in 1962, Otedola is the founder and former chairman of Forte Oil PLC, a leading Nigerian petroleum marketing company. He has also ventured into other sectors such as real estate and finance. Otedola’s business success has earned him recognition both nationally and internationally. Moreover, his philanthropic efforts, particularly in education and healthcare, have had a significant impact on Nigerian society. His net worth is estimated to be over $1.8 billion, making him one of Nigeria’s wealthiest individuals.


5. Tony Elumelu:


Tony Elumelu is a Nigerian economist, entrepreneur, and philanthropist celebrated for his contributions to African business and development. Born in 1963 in Jos, Nigeria, Elumelu is the founder of Heirs Holdings, a leading investment company focused on strategic sectors across Africa. He is also the chairman of the United Bank for Africa (UBA), one of Africa’s largest financial institutions. Elumelu is widely recognized for his advocacy of “AFRI capitalism,” a philosophy promoting entrepreneurship and private sector-led development in Africa. His philanthropic initiative, the Tony Elumelu Foundation, supports African entrepreneurs with training, mentorship, and funding. His net worth is estimated at over $1 billion.


6. Jim Ovia:

Jim Ovia is a Nigerian banker, entrepreneur, and philanthropist, renowned for his significant contributions to the financial sector and African development. Born in 1951 in Agbor, Nigeria, Ovia is the founder and former CEO of Zenith Bank, one of Nigeria’s largest and most successful financial institutions. Under his leadership, Zenith Bank grew into an internationally recognized banking powerhouse. Ovia is also an avid supporter of entrepreneurship and innovation in Africa, as evidenced by his establishment of the Jim Ovia Foundation, which focuses on providing scholarships, entrepreneurship training, and ICT infrastructure to empower young Nigerians. His net worth is estimated at over $1 billion.


7. Orji Uzor Kalu:

Orji Uzor Kalu is a Nigerian businessman, politician, and philanthropist, notable for his influence in both the business and political spheres of Nigeria. Born in 1960 in Abia State, Nigeria, Kalu made his fortune primarily in the media, banking, and shipping industries. He is the founder and chairman of Slok Holding, a conglomerate with interests in various sectors including publishing, banking, oil trading, and shipping. Kalu has also been active in Nigerian politics, serving as the Governor of Abia State from 1999 to 2007. His net worth is estimated at over $1 billion, solidifying his status as one of Nigeria’s wealthiest individuals.


8. Theophilus Danjuma:


Theophilus Danjuma is a prominent Nigerian businessman, retired military officer, and philanthropist known for his significant contributions to Nigeria’s oil industry and his philanthropic endeavors. Born in 1938 in Takum, Nigeria, Danjuma served as a top-ranking military officer before venturing into business. He is the founder and former chairman of South Atlantic Petroleum (SAPETRO), an oil exploration and production company with assets in Nigeria and other African countries. Danjuma’s philanthropic efforts focus on healthcare, education, and poverty alleviation through the TY Danjuma Foundation. His net worth is estimated at over $1.1 billion, underscoring his status as one of Nigeria’s wealthiest individuals.


9. Folorunsho Alakija:

Folorunsho Alakija is a Nigerian businesswoman, philanthropist, and former fashion designer, recognized as one of the richest women in Africa. Born in 1951 in Lagos, Nigeria, Alakija initially pursued a career in fashion before venturing into the oil industry. She is the founder and executive vice chairman of Famfa Oil Limited, a Nigerian oil exploration company with significant assets. Alakija’s entrepreneurial success has earned her widespread acclaim, and she is known for her philanthropic efforts, particularly in education and women’s empowerment through the Rose of Sharon Foundation. Her net worth is estimated at over $1 billion, solidifying her status as a leading figure in African business.


Please note that rankings and net worth can fluctuate over time due to various factors such as market conditions and investments. For the most accurate and up-to-date information, it’s best to consult recent financial reports or reputable business publications.


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