He started with only $35 which he had received as a loan from his mother. Tunde is also the director of MTN Nigeria Ltd. According to this year’s Forbes Richest Billionaires Ranking, Aliko Dangote is Nigeria’s richest man. Nigeria’s richest man earns 8,000 times more in one day than a poor Nigerian will spend on basic needs in a year. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. I’ve seen it myself. His BUA Group also owns Obu Cement, which expanded its production with a new line in 2018. However, the story has since changed over the turn of the millennium as we now have quite a number of women whose wealth and assets run into hundreds of millions and even billions of dollars. It’s a true revelation. These include London, Dubai and New York City. Jim Ovia is the man behind the success story of one of Nigeria’s top banks, Zenith Bank. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2020, Richest Musicians in the World: 2020 Top 10, Richest Doctor in Nigeria in 2020 & Net Worth (Forbes), Top 10 Richest Musicians in Nigeria 2020 & Net Worth (Forbes), 10 Richest Actors in Nigeria & Their Net Worth, Top 10 Richest Pastors in Nigeria & Their Net Worth, 10 Richest DJs in Nigeria & Their Net Worths, 10 Richest Gospel Musicians in Nigeria & Their Net Worth, 10 Richest Kids in Nigeria & Their Net Worth (2020), 10 Richest Kings in Nigeria & Their Net Worths (2020), 10 Richest Female Artistes in Nigeria & Net Worth. The company was founded in 1991. Networth: $9.2 billion His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). This write-up will expose them. Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. Abass is a seasoned freelance writer and internet marketer. A man called Adolf Hitler Uunona who has been elected as a local councillor for Namibia's governing Swapo party. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. 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. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. 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. Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. Nigeria’s second richest billionaire is Mike Adenuga, he is worth an estimated $9.2 billion. Arthur studied chemical and mechanical Engineering at the California State University. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. Mike Adenuga, Nigeria’s second richest man, and Africa’s second richest man built his fortune in telecom and oil production. Nigeria is a country that is home to many wealthy individuals. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). 4. He is also Nigeria’s highest paid Windows Game developer. Her business interests are in fashion, oil and printing. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isn’t just limited to oil but range across other sectors such as shipping, real estate and finance. Now you know who the top 20 richest musicians in Nigeria are. Naija Quote When you keep taking pictures inside various cars and you expect your man to … Top 5 Richest Women in Nigeria 2020 A few decades ago you wouldn’t have heard anything about a woman being a billionaire! He is also ranked the 67 th richest Person in the World. The riches of Dangote is not so important now as the riches of all Africans. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. He has an estimated net worth of $1 billion. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. This article features the most current list of the richest people in Nigeria, their assets and respective networths in 2020. Age: 68 The writer is called Joseph Esenowo. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. He was involved in the Nigerian coup in July 1966. The project commenced with the goal of building refineries for crude oil, fertilizers and petrochemical materials. I hope you find the article i nteresting on the top 10 richest families in Nigeria 2020. Mike adenuga is the current second richest man in Nigeria 2019. Aliko Dangote is currently worth over $12.5 billion. Femi Otedola has real estate properties in different parts of the world. On top of the list is Mr. Aliko Dangote. Eventually, Benedict founded Aiteo Group which is currently reputed to own one of the largest petroleum tank farms in the country. This firm would later metamorphose in to what is now known as the Dangote Group. Table of ... Benedict Murray-Bruce is also one of the richest politician in Nigeria. Aliko Dangote – NW: $21.6 billion. The lip plate, also known as a lip plug or lip disc, is a form of body modification common in some parts of Africa. Otedola has 3 daughters, two of which are well known in the entertainment circles. Belo-Osagie has been involved in oil, finance and telecommunications industry. As Patoranking net worth is $1 million, his net worth is below that of the #20 on the list. Nigeria ranks very high on the list of the wealthiest countries in Africa. Born in Kano in 1960, Abdusalam Rabiu is one of the richest men in the country thanks to his investment in the BUA Group. 11. Top 10 Richest People in Nigeria – 2019 May 17, 2019 August 20, 2019 Admin Africa We all desire to be rich and making it happen in life requires sacrifice, motivation, inspiration, and above all taking risks. (South East Nigeria and South West Nigeria will be competing with each other in this). His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is the 16th richest billionaire in Africa, Networth: $1.1 billion Aliko Dangote is currently worth over $12.5 billion. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. Top 10 Richest Men In Nigeria And Their Net Worth 2020. These are the Ever questioned who is the richest man in Nigeria 2019, well, fortunately, Nigeria happens to be the most populated African country and rationally, we can settle that this reason is what differentiates the country as the largest economy in Africa. Tony Elumelu serves as an advisor to the USAID’S Private Capital Group for Africa (PCGA) Partners Forum. Related: THE RICHEST MAN IN NIGERIA, TOP 20 NIGERIAN BILLIONAIRE & NET WORTH; TOP 10 RICHEST ACTRESSES IN NIGERIA; Richest Musicians in Nigeria, Top 50 {Forbes Latest Ranking} RICHEST STATES IN NIGERIA TOP 20 TODAY; Top 10 Richest Families in The World Abdusalam’s company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. It is no surprise that two Igbo men made it into the 2019 Forbes richest people in Nigeria list. Commission on Narcotic Drugs voted Wednesday to remove cannabis and cannabis resin from a category of the world's most dangerous drugs, which could impact the global medical marijuana industry. Orjiako’s business interest is primarily in oil and gas. Davido; Davido, David Adedeji Adeleke, the self-acclaimed “Omo Baba Olowo’’ is the fourth richest musician in Nigeria, is never a strange mention when you think of Nigeria’s musicians who have soared high within an incredibly short time frame. Although we cannot come up with a conclusive list of the richest musicians in Nigeria but when we consider factors like Album sales, Endorsement deals, side business, property acquisition, and so on and so forth. Danjuma had a very humble beginning. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. Without wasting time, let us now get straight to the business of the day; the top 10 richest men in Nigeria. Mr Dangote was born into a privileged, but has not stopped in building up his Business Empire, using the family riches. Mike Adenuga claims he got his business acumen from his mother who was also a successful businesswoman. This billionaire is ranked by Forbes as the richest man in Africa and Nigeria with a net worth estimated at $10.1 billion this 2020. Recently, i compiled a list of the world’s richest billionaire school drop outs and today, I will be compiling a list of Nigerian billionaires and top richest people in Nigeria but please this list will be restricted to entrepreneurs only. Bloomberg updates its data at the close of every trading day in New York, and our list is based on the latest data available for January 4, 2019. Source of money: Cement, Sugar, Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Mike Adenuga, Nigeria’s second richest man, and Africa’s second richest man built his fortune in telecom and oil production. As a matter of fact, according to World Population Review, Nigeria is the second richest country in Africa in 2020 based on its GDP.. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Nigeria’s Aliko Dangote has retained his place as the richest man in Africa. $2 billion less than his networth a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset. Through his father’s university, Michael Otedola University, he set up a scholarship scheme which has helped over 1000 students since its inception. Legit.ng News ★ Who are top 10 $ richest men in Nigeria $ 2017 - the best of the best when it comes to money making? He is also leading the way by a building a major refinery in the country that will eliminate the country’s dependence on oil importation. He is the Chairman, SLOK Group of Companies, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media. She is the vice chair of Famfa Oil. This billionaire is ranked by Forbes as the richest man in Africa and Nigeria with a net worth estimated at $10.1 billion this 2020. The procedure, which involves knocking out the bottom two teeth (sometimes all four), is done at the age of 15-18 and it signifies womanhood. Age: 65 Igho Sanomi / Net worth of $1 billion ~ ₦390 billion. Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Home/Personalities/ Top 10 Richest Persons In Nigeria 2019. If this article on Top 50 Business Men in Nigeria, Their Net worth, and Businesses has been interesting and helpful, please share and leave comment. The best Aircrafts will be produced in Africa. Abiola Olaniran is the founder of the Nigerian gaming company, Gamsole. Age: 58 He established the BUA Group in 1988. In no particular order, here are Forbes’ top richest men in Nigeria this 2020 and their net worth. Adenuga made his first million at age 26 selling lace and distributing soft drinks. Aliko Dangote is currently the richest man in Nigeria and Africa this year 2019. Igho Sanomi (full name: Igho Charles Sanomi) breaks into the list of the richest men in Nigeria this year, being the first new face among the total of 6 persons who make the list after missing the previous-year list. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. Over the years, he has attended executive management programmes in Switzerland and U.S.A, one of which is at the Harvard Business School. Top 20 richest men in Ghana and their net worth 2020… If you’ve been wondering who the millionaires and billionaires in Ghana are, then just read this article. Joshua, Nigeria’s richest man earns 8,000 times more in one day than a poor Nigerian will spend on basic needs in a year. Abiola’s interest in software spans back to when 15 years old. She also has investments in real estate which is said to be worth over $100 million. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. In 1990, his company which was then known as Consolidated Oil received a drilling licence and in 1991 they struck oil. Tony Elumelu is an alumnus of the Harvard Business School. He is also the 67th richest person in the world. His networth is estimated at $10.3 billion. He is said to have an estimated net worth of $1.5 billion according to Forbes. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Mike is also well known outside Nigeria thanks to his Globacom company. Her son recently got married in a ceremony that was reportedly lavish. Aliko Dangote Estimated Net worth of $8.4 Billion Aliko Dangote is not just the richest man in Nigeria, he is also currently the wealthiest man on the African continent. He is worth an estimated $9.2 billion. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. Top 20 Richest Men In Nigeria And Their Net Worth (2020) Aliko Dangote – Net worth $10.1 billion. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigeria’s primary place of Christian worship in Abuja. Famfa Oil’s partners include Chevron and Petrobras. The Cure for AIDS will be discovered in Africa by Africans. He is reportedly worth over $400 million. 2. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. 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. Table of Page Contents. In this particular year 2020 list of richest men in Nigeria, there are some notable names that joined the fold. 1. You may have noticed that some top musicians like Patoranking did not make it to the list. Notify me of follow-up comments by email. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. Apart from her wealth, Folorunso Alakija is known for her philanthropic activities. He is also the chairman of FBN Holding Plc. Age: 61 Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. Recently, i compiled a list of the world’s richest billionaire school drop outs and today, I will be compiling a list of Nigerian billionaires and top richest people in Nigeria but please this list will be restricted to entrepreneurs only. Aliko Dangote. His sojourn in business started when he successful ran the family’s printing business in the 1980s. Updated: September 6, 2020 by Editorial Team. 12. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa. Francisco Félix de Souza was an Afro-Brazilian slave trader and merchant who traded in palm oil, gold and slaves in the 18th and early 19th century. He studied History at the university after which he left to enrol in the Nigerian Army in 1960. His journey into becoming a billionaire began when he established a small trading firm in 1977. Top list of the world’s richest people of 2019, using up-to-minute data from Bloomberg. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Over the years, Aliko Dangote has established himself as Nigeria’s richest man, the richest in … Aliko Dangote is the richest black man on earth. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. Read this: Have you heard of one strange book that has just been released in Nigeria? In no particular order, below is the list of top 10 richest politicians in Nigeria currently in 2019. If this article on Top 50 Business Men in Nigeria, Their Net worth, and Businesses has been interesting and helpful, please share and leave comment. Interesting details about the ranking of the top 10 richest men in Nigeria and their net worth in dollars – Our Country, Nigeria is highly endowed with high profile individuals just like the fertile soil and mineral resources in our lands. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteD’Ivoire and Benin. Politicians and individuals whose source of wealth cannot be traced are excluded from this list. Over the years, this businessman has mastered the art of producing these commodities locally. 5. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. Nigeria is a country of great opportunities. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. Her brainchild in philanthropy is the Rose of Sharon foundation which is a non governmental organization that helps widows and orphans by empowering them through scholarship and business grants. Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. Jim James Ovia Bode Akindele is an octogenarian billionaire. Source of money: Cement, Sugar, Flour. Blacks shall become Presidents in White Nations, especially in Europe. His primary businesses include cement, sugar and flour. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. 7. 49% of Nigerian employees are not happy with their current jobs and would ditch their current employers for better jobs. He’s currently the chairman of the bank. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. Although Dangote was born into a wealthy family, he hasn’t rested on his soars due to his family’s riches. Hip Hop Music in Nigeria will become the best in the whole World. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He is also the 67 th richest person in the world. Source of money: oil, Self Made. 7. Networth: $10.3 billion According to the Forbes Richest black man list, Aliko Dangote is still the richest man in Nigeria and Africa too. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Nairaland Forum / Nairaland / General / Business / Nigeria's Top 50 Richest Billionaires (263556 Views) 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy(pics) / List of World Richest Billionaires. Every Japanese citizen on this list has been on the Forbes top richest list at least once in their lifetime which goes to show the recognition they have accumulated. His father, Kuru Danjuma was a peasant farmer and metal trader. With a subscription profile, you automatically receive updates without having to return to the website and check for changes. This year, in 2019, he didn’t make it to the top richest people of the world based on Forbes’ rankings but he is still one of the top 10 richest person in Nigeria. He is an economist, entrepreneur and philanthropist. He is the co-founder and chairman of Seplat Petroleum. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. Although we did not see the richest billionaire in Nigeria on the list of the top richest man in the world, he and the rest have earned their seats on the list of top 10 richest men in Nigeria. Borno will be more beautiful than Dubai. The BUA Group has the second largest sugar refinery in the country. Without wasting any more time, let’s have our list, while we talk briefly about the top 30. He founded Gamsole in 2012 and the company’s games currently has over 10 million downloads both local and international from the Windows Phone store. 1. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. He is the founder and CEO of Nigerian Finder.com. Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Children will fly Aircrafts in this age because of technology from Africa. Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. In this article, we would be addressing who the richest men in Nigeria are, what businesses made them rich, their net worth and so on. don’t mind him, you get good insight bro! He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. His investments include Heir Holdings, the United Bank for Africa and the Transcorp. So it is not a surprise that such a nation as wealthy as Nigeria will have some states generating huge amounts of money annually. Aliko Dangote Estimated Net worth of $8.4 Billion Aliko Dangote is not just the richest man in Nigeria, he is also currently the wealthiest man on the African continent. He is also known for his philanthropic contributions. Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. 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. Networth: $1. 1. Mike Adenuga. The World's Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes.The list was first … The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. He is the founder of the Honeywell Group. He is the chairman of Forte Oil Plc, a major importer of fuel products. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. He retired from the army in 1979 after which he focused on his business interests. Folorunsho Alakija Is The first female billionaire from Nigeria, the 4th Richest person in Nigeria and the 19th richest person in Africa. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. According to Forbes, he is worth $1.1 billion. Sandwiched between a very harsh terrain and a mammoth population threatening to sink the nation, the hustling is a lot more severe than in any other clime. Orjiako is also a Harvard trained businessman. 1. He is the richest man in Nigeria and Africa. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. Mike Adenuga follows Africa's richest man Aliko Dangote Mike Adenuga maintains his position as the second richest man in Nigeria and third spot on the continent with a net worth of $9.6 billion. Her first company was a fashion label that catered to Nigeria’s elite women, including the wife of former military president, Ibrahim Babangida, who awarded Alakija’s company an oil prospecting license. 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