Here is the recently updated list of the top 20 richest men in Nigeria. This list had been compiled to help those who are in search of info on the richest people in the country this 2017/18.
Nigeria is by far the most popular country in Africa. The country is blessed with a lot of rich guys. Although we have those who have illegal money, there is no doubt we still have the legal ones. In this article, we have compiled the list of the top 20 richest men in Nigeria and their net worth.
20. Oba Oteduko Biography – Net Worth: $550 Million
Oba Oteduko occupies the twentieth position on the list with a net worth of about $550 million. The man has himself involved in many business sectors ranging from banking to telcommunication. He is also involved in real estate and marine transportation, among others.
19. Hakeem Belo Osagie Biography – Net Worth: $600 Million
Hakeem Belo-Osagie is both a petroleum economist and a businessman. This man graduated from the great Harvard and he is the chairman of one of Nigeria’s telecommunication companies, Etisalat.
18. Tunde Folawiyo Biography – Net Worth: $650 Million
Tunde Folawiyo is the managing director of Yinka Folawiyo Group that was founded by his dad. The man has gotten his hands in oil and gas, agriculture, shipping, real estate and engineering.
17. Mohammed Indimi Biography – Net Worth: $670 Million
Mohammed Indimi appears a great man , as he founded Oriental Energy Resources himself. Oriental Energy Resources is a oil exploration and production company. The man became related to Ibrahim Babangida when his daughter married to the son of Ibrahim Babangida.
16. Abdulsamad Rabiu Biography – Net Worth: $700 Million
Abdulsamad-Rabiu is a business man having business running in his blood. He is the chairman of BUA group, a company involved in flour milling, sugar refining, and processing of vegetable oil.
15. Femi Otedola Biography – Net Worth: $900 Million
Femi-Otedola is a very popular business man. He is the major stakeholder of Forte Oil, as he holds 78% stake. Forte Oil has many gas/petrol stations and
fuel storage depots. The company also manufactures its own engine oils.
14. Michael Ibru Biography – Net Worth: $1.1 Billion
Michael-Ibru is just another rich Nigerian on the list. Michael Ibru heads the Ibru Organization. The organization is a large one that has roots in aviation,shipping, media publishing, hotels, oil and gas, fishing, poultry and jetties businesses.
13. O.B. Lulu-Briggs Biography – Net Worth: $1.1 Bilion
O.B. Lulu-Briggs is one of those old men in money. He is the chairman and
founder of Moni Pulo Limited. The company is into oil drilling, exploration, and production.
12. Emmanuel Ojei – Net Worth: $1.2 Billion/Bode Akindele Biography – Net Worth: $1.2 Billion
Emmanuel Ojei and Bode Akindele are so close in value, so putting them together in no 12 would be a good idea. Emmanuel IOjei is the Chairman of Nuel
Ojei Holding Limited. The company has itself into construction, banking, importation, sales and services of motor vehicle and oil. Bode Akindele on the other hand is the chairman of Mondola Group. The company is into agriculture, beverages, food processing, manufacturing, maritime, real estate and transportation sectors.
11. Dr. ABC Orjiakor Biography – Net Worth: $1.2 Billion
Dr. ABC Orjiako is the chairman and co-founder of SEPLAT. SEPLAT is a oil and gas company that has international recognition. Orjiakor also have his hands in construction, real estate, pharmaceuticals and shipping.
10. Igho Sanomi Biography – Net Worth: $1.3 Billion
Igho Sanomi is the founder and CEO of Taleveras Group. The organization is into energy, power, construction and trading. Igho Sanomi is also involved in oil, telecommunications, maritime, aviation and real estates.
9. Oji Uzor Kalu Biography – Net Worth: $1 Billion
Orji Uzor Kalu is the chairman of three companies. The three of them include: SLOK Holding, the Daily Sun and New Telegraph. He was formerly the governor of Abia State between 1999 and 2007.
8. Benedict Peters Biography – Net Worth: $2.7 Billion
Benedict Peters is the founder and vice chairman of Aiteo Group. Peters is mainly into the oil and gas business.
7. Jim Ovia Biography – Net Worth: $2.3 Billion
Jim Ovia is the founder of Zenith bank. Zenith is an international bank with branches in Nigeria, Ghana, South Africa, Sierra Leone, Gambia, and The UK.
6. Tony Elumelu Biography – Net Worth: $1.6 Billion
Tony Elumelu is the Chief executive and also the Group managing director of UBA. He is into oil and gas, as well as real estate. He is also the chairman of other four organizations The four include: Standard Alliance Insurance, Verticom Wireless, STB capital markets and Flame Petroleum and Gas Limited.
5. Theophilus Danjuma Biography – Net Worth: $1.8 Billion
Theophilus Danjuma was a military man and also the chairman of SAPETRO (South Atlantic Petroleum). SAPETRO is an upstream oil and gas exploration and production company.
4. Cletus M. Ibeto Biography – Net Worth: $3.7 Billion
Cletus M. Ibeto is a business geek and he heads The Ibeto Group. The geek has gotten hinself involved in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate.
3. Prince Arthur Eze Biography – Net Worth: $5.7 Billion
Arthur Eze is the founder, owner and chairman of Atlas Petroleum International Ltd. The company is a oil exploration company.
2. Mike Adenuga Biography- Net Worth: $8 Billion
Mike Adenuga is the founder Globacom telecommunication company. The company has more than 23 million users in the country. The guy is also into the oil industry.
1. Aliko Dangote Biography- Net Worth: $25.7 Billion
Taking the number one spot on this Fabinos list of the top 20 richest people in Nigeria 2017/18 is Alhaji Aliko Dangote is the chairman and CEO of Dangote Group of Companies. His company is into the field of mining, petroleum, steel, and
cement. The company has prescence in Nigeria, Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. He is also into the oil sector.
There you have it on this post “Top 20 Richest Men in Nigeria 2017/18 and Their Net Worth.” I hope you found this article helpful.
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