Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. In this post, well take a look at the 20 richest individuals in the country. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. He is the founder of Oriental Energy Resources, a privately owned Nigerian oil exploration and production company that owns three major offshore assets in Nigeria, including OML 115, Ebok Field (OML 67), and the Okwok Field (OML 67). With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. All three are now billionaires. Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. Oba Otudeko has an estimated worth of $650 million. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. 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. The pair moved to the US from South Korea in 1981 with not much more than a high school education. Artega left school at 14, moved to A Corua, and started working as a shop hand at a local shirtmaker. David Adedeji Adeleke, popularly known as Davido is singer and songwriter. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. 12. Nigerians' anger and frustration are deservedly directed to their government. Hip Hop Music in Nigeria will become the best in the whole World. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. 11. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. In 2005, he was also involved in the acquisition of the United Bank for Africa. Like many business moguls, he has his fingers in lots of pies. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. In addition, Ovia owns numerous properties all over Nigeria. Lowy was born in Slovakia, then Czechoslovakia, in 1930. Lynxxx was the first Nigerian artist to be endorsed by the global brand, Pepsi. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. We have seen many numbers of children of politicians or business moguls break into the music scene with the influence or fortune from their families. He was the chairman of the United Bank of Africa between 1998 and 2004. Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". The reason she did so well? He didnt go to college. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. He received his Bachelors degree at the Northwestern Oklahoma State University after which he went on to obtain a Masters degree at the Pace University in New York. Que Peller is a musician and magician signed to Aquila records. With a vision of becoming a leading world-class conglomerate, Chrome Group has a strong presence in Nigeria, the United States, the United Kingdom, and Switzerland. Lulu-Briggs and Sani Bello - have oil as one of their sources of income, while come combine oil and telecommunications as well as other self initiatives as the Forbes list shows. A post shared by ManLikeLynxxx (OnlyPage)???? Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. SEPLAT made history as Nigerias first indigenous oil and gas company to list on the London Stock Exchange, and its dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? The chairman of pan-African. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Besides the wealth and fame he has gained as an oil magnate, Peters is also famous for his philanthropic activities, awards, and recognitions he continues to receive through them. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. Danjuma was also able to prevent the Dimka Coup in 1976. Langone dug ditches for the Long Island Expressway and his high school principal advised his parents not to waste their money sending the unpromising student to college. In the late 1980s he started his casino business and began to make serious money. Here's the complete list of the richest entrepreneurs in Nigeria. His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. Aliko Dangote. He was later signed by Starboy Entertainment in 2013. As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. The 85 year-old owns two newspapers and donated $25 million (19.6m) to Donald Trump's 2016 presidential campaign, reportedly making him the largest single donor in the presidential election. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport 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. How did he do it? 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). He is the founder and Chairman of Atlas Oranto Petroleum a reputable company with assets in Nigeria, Liberia, Guinea and the Gambia. Cheung Kong Plastics, named after the Yangtze River, was started with $6,500 in savings and loans from relatives, but he eventually moved into real estate. But Nigeria leads the way with 20, more than twice as many as any other nation here. As a result of his participation, he was suspended by the school authorities but he never returned as he went on to building several successful businesses. Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. You take detours, navigate between the obstacles and make it happen. 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. from Oxford University in England. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. Aged 19, Xin flew to England to learn English at a language school in Oxford. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. Murdock, who is dyslexic, dropped out of high school in the ninth grade and worked at a gas station before being drafted into the Army in 1943. Aliko Dangote, I did not see adeleke,dantata and my self, I did not see adeleke he his richer than otedola na, It is only God knws the position of my father. Besides his companies, he has investments spread across various sectors in the country and beyond. His philanthropic activities also go beyond the shores of Nigeria. People shall go to Space (the Moon and other Planets) from their houses in Africa. Nigerian billionaires from poor backgrounds. Arthur studied chemical and mechanical Engineering at the California State University. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. 5. He was the owner of Visafone Communications Limited, which he had long sold to MTN. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. Arthur Eze Arthur Eze [] Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. He is the son of Billionaire and industrialist, Taiwo Afolabi. Chinese billionaire businesswoman Zhang Xin has an estimated worth of $3.6 billion (2.8bn) and has been called the woman who built Beijing due to her groundbreaking career in property. Children will fly Aircrafts in this age because of technology from Africa. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isnt just limited to oil but range across other sectors such as shipping, real estate and finance. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. The third on the list of 20 richest men in Nigeria is the popular Femi Otedola. [1], chairman daily sun Some of which include 100 million donations to the fight against child malnutrition in Nigeria (2007), N200 million donations to the presidential library, N50 million donations to the National Mosque, among many others. Image credit Sunday Alamba via The Commonwealth Flickr CC. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. Read more about Larry Ellison's astonishing life, Once Ortega had gained enough experience, he and his wife launched a textile manufacturing company then, later on, the Zara brand. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. The Governor of Ebonyi State, Dr. Umahi, named a major road after Arthur Eze. 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. Its a true revelation. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. A post shared by The Heritage Times (@thtafrica). In 2005 he sold the oil company for $13bn (10.15bn). 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. In 2016, MIF sponsored many northern students to study at the International African University of Sudan. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. This book is intended for everyone with a social security number in the United States of America. After graduating he got a job in sales at Xerox and later became manager of US operations at Hammerplast. 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. The family moved to Baltimore when he was one. She is the daughter of Billionaire oil mogul, Femi Otedola and a granddaughter of Late Sir Michael Otedola, a former governor of Lagos state. Nigeria: 1.0 Billion: Foods 2014. He would later venture in to the oil and gas industry. Date of birth: 24th February 1967. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. 10. Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. Through his fathers university, Michael Otedola University, he set up a scholarship scheme which has helped over 1000 students since its inception. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. In 2016, the company recorded annual revenue of annual $57.71 million. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. The Harvard-trained businessman is also involved in humanitarian works focused on education and healthcare services. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. Shina Peller is the chairman and CEO of Aquila group of companies. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. His father was a taxi driver and his mother ran a knitting group. While some are from poor backgrounds, others are from wealthy backgrounds. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. With a net worth estimated at $670 million, Jim Ovia also made it to our list of the richest men in Nigeria. Also, he has awarded over 100 scholarships to Ondo State indigenes. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. 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. 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