Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. The third on the list of 20 richest men in Nigeria is the popular Femi Otedola. He is also the chairman of FBN Holding Plc. Taleveras Group is Nigerian energy, power, construction, and trading conglomerate with annual revenue estimated at $3.5 billion. In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. In its 2013 list of billionaires,. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. Born in Italy, Del Vecchio was one of five children. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. 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. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. Que Peller is a musician and magician signed to Aquila records. He is the richest man in Nigeria and Africa. As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. The richest region in Nigeria is the southeast region because they have the highest GDP per capita, also they have far less youth unemployment in Nigeria despite being marginalised. Koum relied on food stamps and swept floors to make ends meet. Still, many of today's billionaires. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). Large freshwater swamps give way to brackish mangrove thickets near the seacoast. The wealth and assets of these Igbo business men have makes their net worth run in dollars. The Initial Public Offer also raised the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent. At the beginning of his career, Lalibert had fire in his belly literally. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. In 1963 the Frenchman went on to start Kering (formerly PPR), which made wood and building materials. Sorry, something went wrong. A post shared by ManLikeLynxxx (OnlyPage)???? An oil and gas dealing firm. John Paul Dejoria (Net Worth: 1.08 Trillion Naira) He was one of the two founders of John Paul Mitchell, a hair product company. He is also involved in numerous other philanthropic activities. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. But his upbringing was anything but affluent. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. Abass is a seasoned freelance writer and internet marketer. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Using the Forbes Billionaires List 2018 as a guide, and starting from the least rich to the richest, here are some of the wealthiest people on the plant who survived a challenging upbringing and went on to build huge billion-dollar empires. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. In this article, weve taken a look at the list of the richest men in Nigeria and have combined that with information from other major sources to come up with a more comprehensive list. Aliko Dangote is currently worth over $12.5 billion. In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. 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. Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. The reason she did so well? They produced the highest local content and manufacturing and has the highest diaspora community across the globe. A post shared by Falz TheBahdGuy (@falzthebahdguy). Blacks shall become Presidents in White Nations, especially in Europe. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. People shall go to Space (the Moon and other Planets) from their houses in Africa. The writer is called Joseph Esenowo. Arthur Eze Arthur Eze [] By 2008, her yearly income had increased to $275 million. He was also the founder of Visafone Communications Limited which has since been acquired by MTN. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. His sojourn in business started when he successful ran the family's printing business in the 1980s. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. 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. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. There are only about 2,208 billionaires in the world, with America leading the way. The business mogul had to work hard to get where he is today though. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. 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. Winfreys hit talk show has transitioned into a media and business empire, including a magazine and cable channel, OWN. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. Pinault and his family own a 3,000-piece art collection, with works by Picasso, Mondrian and Koons, auction house Christie's, several vineyards, a French soccer club, a theatre in Paris and a luxury yacht and expedition company. Last but not least, the "born on home plate" crowd. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. A post shared by Senator Orji Uzor Kalu (@oukgram). Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. Orjiako is also a Harvard trained businessman. The septuagenarian oil tycoon said: "It just grabbed my imagination that anybody could find this hidden, ancient wealth and it was yours." Femi Otedola has real estate properties in different parts of the world. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. Through a combination of ambition and hard work, many immigrants living in . 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. Danjuma was also able to prevent the Dimka Coup in 1976. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. Hakeem Belo-Osagie also holds an M.A. 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. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. Borno will be more beautiful than Dubai. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). His acquisition of the large oil company Sibneft created the vast majority of his wealth. These include London, Dubai and New York City. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. His parents were cotton shareholders and the family were so poor that they had no indoor plumbing or electricity. His philanthropic activities also go beyond the shores of Nigeria. Another one, Elizabeth Temi is a style blogger and an aspiring designer. His humanitarian services have also gone ahead to earn him some prestigious awards. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. After a stint in the army and as a journalist, he became an entrepreneur and had various businesses, selling toiletry kits and running a charter tours business. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelve months ago and the most since 2014, when a larger number of billionaires-28-were. Now discover the college droputs who became billionaires. 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. All three are now billionaires. While retaining their spot as the most industrious tribes in the country. In 1997, Koum was hired by Yahoo! Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Jae C. Hong/AP. It reveals how the benefits of economic growth have been captured by a wealthy elite . When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. Tony Rex Idaminabo. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. This prominent Nigerian businessman was born in a business-oriented family wherein he learned how to do business from his father, who was a religious scholar and also a successful businessman. But nothing was handed to Xin on a plate. Lists 2022. He owns several hotels across Nigeria under the Ibeto Hospitality brand. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. Aliko Dangote.Dukes friend. He was involved in the Nigerian coup in July 1966. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). He was later signed by Starboy Entertainment in 2013. The foundation once supported the Bayelsa flood victims with N500m. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. He has held the first position on the list in the last twelve years. 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. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. She has a large number of A-lister friends and an impressive number of mansions. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. His journey into becoming a billionaire began when he established a small trading firm in 1977. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. This learning institution based in Johannesburg, South Africa, produces the countrys brightest students and trains them to become future leaders. 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. Her business interests are in fashion, oil and printing. The Cure for AIDS will be discovered in Africa by Africans. She also a singer and record producer. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. His other investments include the Daily Sun and the New Telegraph newspapers. She got a job at a fish and chip shop to stay afloat. Schultz was born in 1953 in Brooklyn, New York, and grew up in a public housing project. He is reportedly worth over $400 million. A. 10. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. Net worth: $42.2 billion. Mohammed Indimi has made a decent part of his $500 million net worth from oil. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. Who Is The Better Singer Between Asake And Seyi Vibez? Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. By 32 years-old, Winfrey was a millionaire. 1. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. 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. Apr 28, 2018, 1:51 PM. A post shared by Billionaires.Africa (@billionaires.africa). Orji Uzor Kalu owns a foundation that provides scholarships for undergraduates and anti-malaria treatments to his community. chairman first international bank limited Be the first to get hottest news from our Editor-in-Chief . He was born in England to Nigerian parents. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. John Edozien is the chairman of a couple of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile services Limited. Image credit Sunday Alamba via The Commonwealth Flickr CC. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. Required fields are marked *. He would later venture in to the oil and gas industry. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Nigerian artistes gave us some amazing songs in the month of February 2023, these are the top 10 Nigerian songs Burna Boys latest album Love, Damini overtakes Wizkids Made In Lagos (Deluxe) on Spotify. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. Peterffy was born in Budapest, Hungary in 1944 in a hospital basement during a Russian air raid. 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. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. 15. He is among the top richest men in Nigeria, thanks to various investments, including a controlling interest in Transcorp, Nigerias largest publicly traded conglomerate, a significant stake in the United Bank for Africa, and an extensive portfolio of real estate across Nigeria, among other assets. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. 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. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. (South East Nigeria and South West Nigeria will be competing with each other in this). The billionaire started as a soldier, having served in the Nigerian Army. The Leon Charney Report, his weekly cable TV show, states that. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. Name Citizenship Net worth Sources of wealth . Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. He retired from the army in 1979 after which he focused on his business interests. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. Net worth: $1.2 billion. A post shared by Tony O. Elumelu (@tonyoelumelu). On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. Besides his companies, he has investments spread across various sectors in the country and beyond. He sits or has sat on boards of prestigious firms, including Fan Milk Plc, Airtel Nigeria, Honeywell Group, First Bank of Nigeria, Eco Bank, and Guinness Nigeria Plc. from Oxford University in England. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. The event took place in England and it was estimated to have cost N2 billion. Eventually, he established the SLOK Holding which is conglomerate comprising Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited. Langone is a philanthropist and in 1999 donated $10 million to NYU's part-time MBA programme and $200 million (155m) to the university's medical centre in 2008. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. 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. He is the founder and Chairman of Atlas Oranto Petroleum a reputable company with assets in Nigeria, Liberia, Guinea and the Gambia. A post shared by Emmanuel Ojei (@ojeiemmanuel). 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. He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. A post shared by ENG PRINCE Arthur Eze (@prince_arthur_eze). With a 39% stake in the company, Ellison soon became a billionaire. Nigerian billionaires from poor backgrounds. The richest Igbo people according to Forbes are billionaires. This is a list of the top 5 Nigerian songs released this week. Offshore accounts protect these crooks." Ultimately, Pakistan's top court removed Sharif from office as a result of an inquiry sparked by the Panama Papers. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. On "second base," households wealthy enough to run a business big enough to generate inheritances over $1 million, the new UFE study found another 11.5 percent. He studied History at the university after which he left to enrol in the Nigerian Army in 1960. (@fint_ng). Femi Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. Thank you! Here's the complete list of the richest entrepreneurs in Nigeria. The family moved to Baltimore when he was one. Background: He was raised on a farm in Sweden. In 1995, Xin and her husband founded property development company SOHO China. As we shall see, most of the winners of the BBNaija show came from humble backgrounds (as their fellow housemates) and this is not a coincidence since 40% of Nigerians (83 million people) are below the poverty level as at 2019/2020 (Nigeria Bureau of . Published by Forbes magazine s printing business in Africa @ falzthebahdguy ) ambition hard!, shipping and real estate swamps give way to brackish mangrove thickets near the seacoast making her the man. By Falz TheBahdGuy ( @ falzthebahdguy ) activities also go beyond the shores of Nigeria, Anglican.... Also known as the most powerful companies in the world across Africa in such. Member of the richest men in Nigeria, Anglican Communion family struggled to stay.. 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