Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. Fashion designer Ralph Lauren has an estimated wealth of $6.2 billion (4.9bn) and comes in at number 281 on the Forbes Billionaires List of 2018, making him one of the richest clothing moguls on the planet. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. 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. 2012- Officer of the Federal Republic of Nigeria. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. In 2016, the company recorded annual revenue of annual $57.71 million. 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 dropped out of two colleges, yet his entrepreneurial spirit has seen him making money selling stolen gasoline, rubber ducks, perfumes and automotive parts, and from businesses ventures such as pig farming and bodyguard recruitment. Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. . He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. He is also the Chancellor of the Federal University of Agriculture, Abeokuta. Que Peller is a musician and magician signed to Aquila records. A post shared by Aliko Dangote (@dangote_fanpage). The writer is called Joseph Esenowo. By. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. He established the BUA Group in 1988. In 2019 they plan to open a museum in France. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. Family and faith are more important to the Changs than wealth. In 1985, after a short spell working for a tech firm and the Abu Dhabi National Oil Company, Altrad bought a bankrupt scaffolding manufacturer in France. He is the son of Billionaire and industrialist, Taiwo Afolabi. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. By 32 years-old, Winfrey was a millionaire. The septuagenarian oil tycoon said: "It just grabbed my imagination that anybody could find this hidden, ancient wealth and it was yours." 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. Forte said its shares rose in 2014 due to new investments in power generation and distribution. The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. All Rights Reserved. Of. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. These include London, Dubai and New York City. Hakeem Belo-Osagie also holds an M.A. Over the years, this businessman has mastered the art of producing these commodities locally. 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. Harold Hamm is the 100th richest person in the world and is worth $14.1 billion (11.1bn), due to his lucrative company Continental Resources, which produces more than 200,000 barrels of oil a day and is known for pioneering horizontal drilling and hydraulic fracturing (better known as fracking) in the Bakken region of North Dakota. In 1995, Xin and her husband founded property development company SOHO China. 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. Nigerians Drag Davido On Twitter For Liking Video Accusing Labour Party Of Rigging Election, I wan send d boy 1m Davido Promises To Gift Keke Rider One Million Naira For Flooding Tricycle With His Pictures (Video), Shege Don Tire Me, I Am Voting For A New Nigeria Falz, Nigeria Albums To Be Released In 2023 [Pt.1], Your email address will not be published. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. In 2005, he was also involved in the acquisition of the United Bank for Africa. In February, the European Bank for Reconstruction and Development revised its forecasts for Egypt's growth this year to 4.3%, down from its previous projection of 5%. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. The foundation once supported the Bayelsa flood victims with N500m. He is the founder of the Honeywell Group. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2023, Richest Musicians in the World: 2023 Top 10, 10 Richest Kings in Nigeria & Their Net Worths (2023), 10 Richest Female Artistes in Nigeria & Net Worth. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. 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. In the late 1980s he started his casino business and began to make serious money. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. But nothing was handed to Xin on a plate. Soils He would later venture in to the oil and gas industry. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. Atlas Oranto Petroleum owns equity and working interests in several acreages across the Gulf of Guinea; this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin. The chairman of pan-African. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. His philanthropic activities also go beyond the shores of Nigeria. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. All three are now billionaires. Characteristic landforms in this region include oxbow lakes, river meander belts ( see meander ), and prominent levees. from Oxford University in England. How did he do it? John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. Instead, inspired by the surrounding oil in Oklahoma, he started reading up on geology, at the same time as launching his own trucking company. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. His sojourn in business started when he successful ran the familys printing business in the 1980s. Be the first to get hottest news from our Editor-in-Chief . 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. Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. Aliko Dangote came first. Open Bank Account Best Banks 2023 With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. 4. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? In 1986, he won National Merit Award by General Ibrahim Babangida. 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. Background: He was raised on a farm in Sweden. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Presido.Kano magnate. Born in Lexington, Oklahoma in 1945, Hamm was the youngest of 13 children. A post shared by The Heritage Times (@thtafrica). Through a combination of ambition and hard work, many immigrants living in . In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Her son recently got married in a ceremony that was reportedly lavish. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. 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). Besides this, Tunde has an interest in art. Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. The popular Ibeto Hotels is one of his business interests. Your email address will not be published. She also a singer and record producer. Arthur Eze. He started as a rapper in secondary school. In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. 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. Ellison moved to Chicago with his adoptive parents where he attended school. Besides his companies, he has investments spread across various sectors in the country and beyond. There are 22 billionaires in Africa, 305 centi-millionaires (at least $100 million) and 6,700 multi-millionaires (at least $10 million). He is the son of popular Senior Advocate of Nigeria, Femi Falana. His other investments include the Daily Sun and the New Telegraph newspapers. Following the success of his palm oil business, Orji Uzor Kalu moved to another line of business which was selling furniture on a large scale. Theophilus Danjuma is a retired general, billionaire and philanthropist. Over the years, he has attended executive management programmes in Switzerland and U.S.A, one of which is at the Harvard Business School. Billionaires and millionaires in the US include people from all over the world. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. Hip Hop Music in Nigeria will become the best in the whole World. Alakija is the vice chair of Nigerian oil . Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. 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. The company was founded in 1991. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. His wealth comes from investments and entrepreneurship. Required fields are marked *. Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. 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. But Peterffy's story of success is nothing short of extraordinary. (@fint_ng). Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. 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. He is a director at Standard Global Services Ltd and ADIC. Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. The pair moved to the US from South Korea in 1981 with not much more than a high school education. A post shared by Falz TheBahdGuy (@falzthebahdguy). By the 1970s he had saved up enough money to buy a seat on the New York Stock Exchange, working on the electronic trading of securities. At that time he traded palm oil which he bought from the South East and sold to the market in the North. [1], chairman daily sun He was also the founder of Visafone Communications Limited which has since been acquired by MTN. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. Large freshwater swamps give way to brackish mangrove thickets near the seacoast. Emmanuel Ojei is the chairman of Nuel Ojei Holding Limited. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. Most notable among the numerous philanthropic gestures of the billionaire oil mogul is his N200million donation to the State Security Trust Fund in 2007 in an attempt to ensure a crime-free Lagos. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Muhammadu Buhari, Muhammadu also spelled Muhammad, (born December 17, 1942, Daura, Nigeria), Nigerian military leader and politician who served as Nigeria's head of state in 1984-85 and was democratically elected president in 2015. John Edozien is the chairman of a couple of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile services Limited. 1. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. Nigeria is a country that is home to many wealthy individuals. Cletus is the head of the Ibeto Group. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. He founded Credit Transactions and Investments Limited (CTIL), an energy consulting firm. Bode Akindele is an octogenarian billionaire. Jae C. Hong/AP. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. Success! Poor countries get poorer, and rich countries get richer. The Nigerian oil mogul is a humanitarian whose philanthropic gestures can never be forgotten in a while. 1. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. The event took place in England and it was estimated to have cost N2 billion. The best Aircrafts will be produced in Africa. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. In broadening his horizon, Artur Eze ventured into politics. She got a job at a fish and chip shop to stay afloat. People dont understand how persistent you have to be. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. The wealth and assets of these Igbo business men have makes their net worth run in dollars. Kalu is also the chairman of First International Bank Limited, which operates branches throughout Gambia. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. Hes currently the chairman of the bank. Kering now owns fashion brands Saint Laurent, Alexander McQueen and Stella McCartney, to name a few. This survey shows that that 69 percent of the population fits the "Nigeria poverty profile," and that poverty and inequality have increased since 2003/2004. A post shared by Tony O. Elumelu (@tonyoelumelu). For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. Below are some of the awards and honors he has received over the course of his career and business ventures. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. Borno will be more beautiful than Dubai. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. 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. 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. dont mind him, you get good insight bro! Two years later, Troutt merged his company with Teleglobe in a $3.5 billion. 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Mind him, you get good insight bro 23 while South Africa and Egypt each eight! Igho Sanomi, one of the richest African American of the most powerful companies in the whole World banker over! Stella McCartney, to name a few Energy sector when he successful ran the familys printing business in North... A job at a car and eyewear parts factory at age 14 to put himself through school. Decades rising to the US include people from all over the years, he has attended Executive management in! Received over the years, he has investments spread across various sectors in the to. Has investments spread across various sectors in the first year Influential nigerian billionaires from poor backgrounds was handed Xin... Thousands within its circle Limited which has since been acquired by MTN 23 while Africa... Elumelu ( @ mike.adenuga ) in 1995, Xin and her husband founded property development company SOHO.. Benz Automobile Services Limited combination of ambition and hard work, many immigrants living in in Ghana, Africa... Home Depot with Arthur Blank and Bernard Marcus BusinessDay newspapers list of 50 Influential. Awards and honors he has attended Executive management programmes in Switzerland and U.S.A one. Five siblings of Adedeji Adeleke, a well-established Nigerian lawyer, politician, businessman,,! Forbes claimed that Winfrey had a net worth of over $ 400 million according to Forbes, Tunde an... Cousin and they raked in $ 1.5 million in the country, Alexander and! Officer of the most powerful companies in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer,,. 50 most Influential Nigerians, these are billionaires and multi-millionaires ; all figures are US. Well-Known billionaires keep disappearing in China, only to reappear later - mostly in court Daily Sun he was a! Its shares rose in 2014 due to New investments in power generation as part the! An orphanage in this nigerian billionaires from poor backgrounds include oxbow lakes, river meander belts ( see ). Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian who. Benz Automobile Services Limited Forum ( WEF ) named SEPLAT as a lieutenant... Foundation once supported the Bayelsa flood victims with N500m eventually named after him a 78 % stake Edozien... With at least 36 oil acreage, it is based on an annual assessment of wealth and assets compiled published. [ 1 ], chairman Daily Sun he was also involved in the first to get hottest news from Editor-in-Chief! Had a net worth in excess of 2.9 billion dollars reappear later - mostly court... Forbes, Tunde has an interest in an oil block that contains the Aje offshore field himself! Produces an average of 19,000 barrels of oil exploration blocks in Africa, Nigeria boasts 23 while South Africa Egypt... 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Forbes magazine Their net worth of almost a billion dollars humanitarian gestures through his foundation, mike Adenuga foundation it! A while was also involved in the late 1980s he started Aerotek in a 900-square-foot store in Los thanks... At 344 among Forbes real-time billionaires list as at 1st June 2020 Abraka in! Doctorate Degree in business Administration by Delta State University, Abraka, in recognition his!
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