Nigeria is filled with business-oriented people with so many talents in business evaluation. These gifted people have turned their solid labor and business evaluation into a huge sum of money to make them the top richest men in Nigeria.
Because of their massive money and how much they are worth, their business mindset has changed Nigeria into one of the biggest economies in Africa. Some of these people have made the list of African Richest men.
Popular Nigerian businessman Aliko Dangote has held the spot as the richest man in Africa for a long time. With a massive net worth. He is also one of the top richest people in the world at large.
Nigeria is also filled with a lot of organic wealth and resources. As you will see inside this list, several men accumulated their wealth via crude oil and other natural resources. To make the top ten richest men in Nigeria.
Top Ten Richest Men in Nigeria
1. Aliko Dangote – Net worth of $12 Billion
Aliko Dangote is the wealthiest man in Nigeria, among the top ten richest people in Nigeria. He has a massive net worth of around $12 billion. It does not come as a surprise to people. This is because he has already become famous as the richest man in Africa over the years.
Aliko Dangote was born in Kano State, Nigeria, on the 10th of April 1957. He was born into a wealthy Muslim family of Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata. Dangote was also the great-grandson of late Alhaji Alhassan Dantata, the wealthiest man in West Africa before he passed away in 1955.
Aliko Dangote has made a lot of money from his business, and this has aided him in holding the position of the richest man in Nigeria at 63 years. Dangote’s main source of income that surges his net worth is his cement industry, which is part of the Dangote Company Group.
The popular businessman has about 85% of the openly-traded Dangote’s Cement in the Dangote Group of Company. The Dangote Cement manufactures up to 45.6 million metric tons yearly in about 10 African countries.
His other sources of money that have aided in pushing his net worth high are his oil refinery, sugar refinery, salt refinery, and fertilizer company. The Dangote group of companies covers all.
Dangote group has grown its company in other African locations, including Benin, Ghana, Zambia, and Togo, where they deliver cement, sugar, salt, and Dangote flour, which also boosted Aliko Dangote’s net worth to such a large amount.
The Dangote sugar industry is the biggest in Africa and the third-biggest in the world. They produce about 800,000 tons of sugar each year, a sizable worth, adding to his enormous net worth.
READ: Price of Cement in Nigeria in 2022
2. Mike Adenuga – Net worth of $6.2 billion
Michael Adeniyi Agbolade Ishola Adenuga is number two among the richest men in Nigeria. He has a net worth of about $6.2 billion. He was born on the 29th of April 1953 to Oloye Michael Agbolade Adenuga Snr and Omoba Juliana Oyindamola Adenuga in Ibadan, Oyo State.
Mike is lovingly called John bull, and he went to Ibadan Grammar School for his secondary school education and then attended Comprehensive High School in Aiyetoro for his Higher School Certificate. He is the husband of Titi Joyce Adenuga, and they are the parents of seven children.
Existing is one of the most prosperous businessmen in Nigeria. Mike Adenuga has made a lot of money, growing his net worth to become the second richest man in Nigeria. He was given a provisional GSM license in 1999; after being canceled, he got a second one when the government-organized another auction in 2003.
He owns the multinational telecommunications company Globacom and the oil company Conoil, which has made him a lot of money and made him one of the richest men in Nigeria. Adenuga’s mobile phone network, Globacom, is the second-biggest network operator in Nigeria.
In 2006, Adenuga was arrested by the Economic and Financial Crimes Commission, EFCC, for money laundering. He then left the country and lived in London until the regime of Late Umaru Musa Yar’Adua pardoned him.
3. Abdulsamad Rabiu – Net worth of $4.7 billion
Abdulsamad Rabiu is the third richest man to make it to the list of the top richest men in Nigeria. Rabiu was born on the 4th of August, 1960, in Kano State to a rich family of the late Khalifah Isyaku Rabiu, one of Nigeria’s primary entrepreneurs in the northern parts of Nigeria in the 1970s and 1980s.
Abdulsamad Rabiu had his primary education in Kano state before moving to the United States to study for his university degree. He holds a Bachelor’s degree in Economics from Capital University in Columbus, Ohio, USA.
He is married with kids. The most well-known of his children is Khadija Rabiu. He has many family members, including Nafiu Rabiu, a top businessman, and Rabiu Rabiu, the IRS Airlines Chairman.
When General Muhammed Buhari’s government arrested his father on charges of tax evasion on rice imports, little Abdulsamad Rabiu was tasked with overseeing his father’s business at 24 when he returned from the United States after his education. With his small experience, he could still move his father’s company forward.
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4. Femi Otedola – Net worth of $1.8 billion
The fourth richest man in Nigeria on this list is Femi Otedola, with a net worth of $1.8 billion. Femi Otedola is a businessman in Nigeria born on November 4th, 1962. Femi Otedola was declared part of the richest men in Africa in 2015 by Forbes.
He was the previous chairman of Forte Oil. A company involved in oil marketing and generating power in Nigeria. An area that has made him so much money that he has made him one of the richest men in Nigeria.
He owns about 500 fuel stations in Nigeria. Femi Otedola is the owner of Zenon Petroleum and Gas Ltd. In general, he has many other businesses that make him a big sum of money, which has aided his rank as the fourth richest man in Nigeria.
Even though Otedola is wealthy and can live in any part of the world he wants, he resides in Lagos State, Nigeria. He is a husband with four children: Tolani, Florence Ifeoluwa Otedola (Dj Cuppy), Elizabeth Temi, and Fewa Otedola.
5. ABC Orjiakor ($1.2 billion)
Orjiakor has a net worth of $1.2 billion and is part of Nigeria’s richest men. He acquired his money from the oil and gas sector. Orjiakor is the head and co-founder of SEPLAT, an free gas and oil company in Nigeria. He worked as an Orthopedic and Trauma Surgeon at Lagos Teaching Hospital and National Orthopedic Hospital.
Dr. Ambrose Bryant Chukwuemeka Orjiako is a medical doctor who later switched to a profitable mogul and billionaire with holdings in the oil and gas, shipping, banking, insurance, and pharmaceutical industries.
6. Uzoma Dozie – Net worth of $1 billion
Uzoma Dozie is the 6th richest man in Nigeria, with a net worth of one billion dollars, and the fifth richest person in Nigeria. Dozie is a banker in Nigeria, a tech investor, and an advocate for financial inclusion. He was born November 2, 1969, in Egbu village, Owerri Imo State, Nigeria.
Uzoma Dozie started his career as an economist at the National Economic Development Office in the United Kingdom. He was also lecturing part-time at the North-Western Polytechnic, London. From 1970 to 1971, he worked as a check-in economist at the African States Consulting Organisation in Uganda.
The renowned businessman is the founder of Sparkle. They help you run your small and big businesses to improve the range of your business. The business has aided him in making a lot of money and becoming one of Nigeria’s richest men.
7. Jimoh Ibrahim – Net Worth of $1 billion
The 7th man on the list of the top richest men in Nigeria is Jimoh Ibrahim. He is the 7th richest man in Nigeria, with a net worth of about $1 billion. He is the chairman of Global Fleet Group, a spread business in Nigeria functioning in African countries, Europe, Asia, and a number of other parts of the world.
Jimoh Ibrahim is a lawyer and businessman born on the 24th of February 1967 in Okitipupa in Ondo State, Nigeria. He was born to Alhaji Yakubu and Omofemiwa. His father was a bricklayer, while his mother was a fish seller.
Jimoh Ibrahim is the husband of Mrs. Modupe Jimoh Ibrahim and a father of four kids. He did his early education at Saint John’s School, Igbotako, Ondo State. Jimoh was astudent at Obafemi Awolowo University in Ile Ife, Osun State, Nigeria. He got a master’s degree in public administration (MPA) from the same university.
In his undergraduate studies, Jimoh suggested planned law seminars for every local government in Nigeria to teach them how to make laws. This choice was created after they discovered that only the federal and state governments had laws.
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8. Orji Uzor Kalu – Net worth of $1 billion
Former Governor of Abia State Nigeria, Orji Uzor Kalu, has made it to the top richest men in Nigeria. He is the 8th richest man in Nigeria, with a net worth of $1 billion.
Orji Uzo Kalu is a politician and businessman. He began his business at 19 when he was sent out from school (University of Maiduguri). For organizing a sequence of riots against the minister of education.
Uzor Kalu was born on the 21st of April 1960 to Mr. Johnson Uzor Nesiegbe Kalu and Mrs. Eunice Kalu. He went to Christ the King School, Aba, and attended Government College, Umuahia.
Kalu went into business selling various goods as a young man when he loaned money from his mum after he was expelled from school. He sold palm oil, rice, and lots of other goods.
Orji Uzo Kalu made his first million through the sale of goods before he won a contract in Nigeria to deliver oil to the federal government of Nigeria. Uzo Kalu is the founder of Slok Holding, a West African business involved in shipping, banking, oil trading, producing, and the media.
Orji Uzor Kalu is the chairman of the Daily Sun, a newspaper company in Nigeria. A business part that surged his net worth higher and made him the 8th richest man in Nigeria.
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9. Jim James Ovia – Net worth of $980 million
The 9th richest man on the list of top richest men in Nigeria is Jim James Ovia. He has amassed a net worth of $980 million. Jim James Ovia is a businessman born on the 4th of November, 1951, to a big family in Agbor, Delta State. Jim is the second son of Obi Olihe of Agbor-Obi, one of the most respected Chiefs in the Agbor Kingdom.
He has a master’s degree in Business Administration from the University of Louisiana, Monroe, USA, in 1979. Also, he got a B.Sc. degree in Business Administration from Southern University and A&M College (1977).
Jim owns Zenith Bank, one of Nigeria’s wealthiest and biggest commercial banks. He is also the founder of the mobile telecom company Visafone, a business that made him lots of money to become the 9th richest man in Nigeria.
Visafone company was later acquired by MTN, a leading telecommunications company in Africa, in 2015. Before the acquisition, Visafone had more than 3 million subscribers.
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10. Tony Elumelu- Net worth of $900 Million
Elumelu has a net worth of $900 Million, and he is on the list of the richest men in Nigeria. He is very respectful in Nigeria, especially with the youths and business owners. Tony is the head of Heirs Holdings, the United Bank for Africa, Transcorp, and the Tony Elumelu Foundation. Elumelu is a philanthropist, economist, and businessman.
Elumelu schooled as an economist from the Bendel State University Ekpoma and is also an Alumnus of the Harvard Business School.
His career in banking began at the now-obsolete Allstates Trust Bank owned by Ebitimi Banigo, and he stepped up through the positions to the top. He spearheaded a faction to buy Standard Trust Bank and joined it with UBA in 2005.
FAQs for Top Ten Richest Men in Nigeria
The Founder and CEO of the Dangote Group of Company, Aliko Dangote, is the richest man in Nigeria. He was born in 1957.
In terms of total GDP (PPP INT$), Egypt won as the richest country in Africa for 2021.
Kunle Soname is a Nigerian politician, entrepreneur, sports enthusiast, and the chairman of Bet9ja, a betting website he founded in 2013.
Rihanna is the richest musician, with a whopping net worth of $1.7 billion.
Folorunsho Alakija, the 70-year-old business magnate, will be the wealthiest woman in Nigeria in 2022. With an estimated net worth of $1 billion, according to Forbes.
Jowizaza, a Nigerian Igbo billionaire, is 35 years old and originally from Anambra State. His real name, Joseph Eze Okafor, Jnr, popularly called Jowi Zaza, is one of the youngest billionaires in Nigeria.
Kim Jung-Youn, the teenage daughter of Kim Jung-Ju, who founded the online gaming company Nexon, is the youngest billionaire in the world as of November 2022.
There you have it, the list of the richest men in Nigeria. You should not do that. These men have worked extremely hard to make their money. It does not come as a surprise to why they made it to the list because their businesses are one of the most thriving in the country.
