Top 10 Richest Men In Nigeria


Nigeria is Africa's most populous country,with an estimated population of over 200 million people. 
Nigeria is also home to some of the most richest men in Africa that has set a pace when it comes to business and entrepreneurship. 
This article contains the current list of the top 10 richest men in Nigeria.

Top 10 Richest Men In Nigeria

1. Aliko Dangote
  • Occupation: Chairman & CEO of Dangote Group
  • Forbes Est Net Worth: $14.4 billion 
Aliko Dangote is currently the richest man in Africa and Nigeria,currently he has a net worth of $14.4 billion.

Aliko Dangote is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commoditie,his company operates in Nigeria and other African countries, like Benin, Cameroon, Ghana, South Africa, Togo and Zambia. 

Dangote's fortune came from the business of production,importing and selling of cement, sugar and flour.
Currently he has added oil, rice and fertilizer to his chains of businesses.

2. Mike Adenuga 

  • Occupation: Founder of Globacom, Chairman of Conoil
  • Forbes Est Net Worth: $9.9 billion

Mike Adenuga is a Nigerian business man and one of the richest black people in the world.

His telecommunication company Globacom is Nigeria's second-largest telecom operator.
Mike Adenuga also owns stakes in Equitorial Trust Bank and oil exploration firm Conoil.
Mike Adenuga is currently  the second Richest man in Nigeria.

3. Femi Otedola

  • Occupation: Chairman of Forte Oil Plc
  • Est. Net Worth: $1.7 Billion
Femi Otedola is a seasoned Nigerian businessman and Chairman of Forte Oil Plc.
He is also the CEO of Zenon Oil and Gas.

Otedola also has interest in real estates amongst other sectors.

4. Theophilus Danjuma
  • Est. Net Worth: $1.7 billion
  • Occupation: Bussiness tycoon,Oil

Theophilus Yakubu Danjuma was the Nigerian Army Chief of Army Staff from July 1975 to October 1979.

He was also the  Minister of Defence under Olusegun Obasanjo. 
TY Danjuma is currently the chairman of South Atlantic Petroleum (SAPETRO).

He is also into fertilizer and shipping industry with a stake in NALComet, one of Nigeria’s largest shipping companies.

5. Abdusalam Rabiu
  • Est. Net Worth: $1.1 billion
  • Occupation: Business Tycoon

AbdulSamad Isyaku Rabiu is a Nigerian businessman and chairman of BUA Group.

Read Also: 14 Highest Paying Hot Jobs In Nigeria 

BUA group is a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture.

His group,the BUA Group,specializes in active flour milling, pasta manufacturing,ports,terminals management and sugar refining.

6. Tony Elumelu

  • Est. Net Worth: $750 Million -  $1.4 billion
  • Occupation: Business / Investments
Tony O. Elumelu is an economist,and an entrepreneur.He is the Chairman of Heirs Holdings, and the founder of Transcorp.
He was the chairman of United Bank for Africa,with a huge stake in Transcorp, United Bank for Africa (UBA) plus an impressive  portfolio of real estate across Nigeria, Tony Elumelu is one of the Richest men in Nigeria.

7. Orji Uzor Kalu

  • Est. Net Worth: $1.1 billion
  • Occupation: Business/ Investment 

Orji Uzor Kalu was The former governor of Abia State and the founder and chairman of Slok Holding. 

Slok holding is a conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. 

Orji Uzor Kalu became a business man after he was expelled from a Nigerian University for allegedly spearheading a series of student riots.

8. Jim Ovia (Net Worth: $1 billion)

  • Occupation: Banking
  • Est Net Worth: $600 Million 
Jim Ovia is the founder of Zenith Bank Group. He is the largest individual shareholder with about 9.3% stake. 

Read Also: Top 15 Highest Paying Jobs In Nigeria 

Jim also is an investor in real estate business,he also has an investment in Nigerian telecommunication industry.

He is also involved in $1.5 billion petrochemical complex construction

9. Tunde Folawiyo

  • Occupation: 
  • Est. Net Worth: $600 Million 
Tunde Folawiyo is a lawyer and a businessman. He is also the managing director of Yinka Folawiyo Group and director of MTN Nigeria. Mr Tunde was previously a Non-executive Director of Access Bank Plc.
He  has also served as the Vice President of Nigeria Association of Indigenous Petroleum Explorers & Productions (NAIPEC).

10. Mohammed Indimi

  • Occupation: Oil Business
  • Est. Net worth: $500 Million 
Mohammed Indimi is the founder and chairman of Oriental Energy Resources, Limited. 

His company has interest in the Nigerian Upstream Oil and Gas sector. Mohammed Indimi founded his company way back in 1990.

In 2014, Forbes listed Mohammed Indimi as the Africa's number 37th richest man.