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Nigeria’s top ten wealthiest men in 2021
According to Forbes magazine, Nigeria has four billionaires. Aliko Dangote, Africa’s richest man and the world’s richest black man, and Globacom Chairman Mike Adenuga are among them. Continue reading to learn more about Nigeria’s wealthiest men and the top ten list.
Who are Nigeria’s wealthiest men? Continue reading to learn more.
Aliko Dangote has a net worth of $12.33 billion dollars.
Since 2013, Dangote has maintained his status as Nigeria’s and Africa’s richest man. He is the 162nd wealthiest person in the world and the richest person in Africa, with a net worth of US$12.3 billion as of May 2020.
He is most known for Dangote cement and sugar, both of which are companies of the Dangote Group, of which he is Chairman.
Beginning in 2013, he was named Africa’s most powerful person five times in a row.
Former President Goodluck Jonathan bestowed on Dangote Nigeria’s second highest honor, the Grand Commander of the Order of the Niger (GCON).
Mike Adenuga has a net worth of $6.7 billion.
Mike Adenuga is the second richest individual in Nigeria, Africa’s most populous country.
Globacom is Nigeria’s second-largest telecommunications business, with operations in Ghana and Benin.
He is a shareholder in the Equitorial Trust Bank and the Conoil oil exploration company.
Abdul Samad Rabiu
Abdul Samad Rabiu has a net worth of $5.5 billion.
Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate that focuses on manufacturing, infrastructure, and agricultural and generates over $3.1 billion in sales.
He is also the Nigerian Bank of Industry’s chairman (BOI).
BUA International Limited was founded in 1988 by Abdul Samad Rabiu for the primary aim of commodity trading. Rice, edible oil, flour, and iron and steel were all imported by the enterprise.
The government, which owns Delta Steel Company, entered into a contract with BUA in 1990 to supply raw materials in exchange for finished goods. This offered a much-needed boost to the fledgling business.
BUA extended its steel operations in Nigeria, producing billets, importing iron ore, and building several rolling mills.
BUA bought Nigerian Oil Mills Limited, the country’s largest edible oil processing company, a few years later. BUA opened two flour milling units in Lagos and Kano in 2005. By 2008, BUA had broken an eight-year stranglehold in the Nigerian sugar sector by commissioning Sub-Saharan Africa’s second-largest sugar refinery. In 2009, the business purchased a majority interest in a publicly traded Cement Company in Northern Nigeria, and began construction on a $900 million cement plant in Edo State, which it completed in early 2015.
Tony Elumelu has a net worth of $1.4 billion.
Tony Onyemaechi Elumelu is a Nigerian economist, philanthropist, and entrepreneur. He is the creator of The Tony Elumelu Foundation and chairman of Heirs Holdings, the United Bank for Africa, and Transcorp.
In 1985, Elumelu began his work at Union Bank as a member of the National Youth Service Corps’ Youth Corp. in In his early career, he purchased Standard Trust Bank in 2005, followed by United Bank for Africa (UBA).
He formed Heirs Holdings in 2010, after retiring from UBA in 2010. Heirs Holdings invests in financial services, energy, real estate and hospitality, agribusiness, and healthcare. In the same year, he founded the Tony Elumelu Foundation, a non-profit organization based in Africa and a philanthropic organization based in Africa.
He is a member of the PCGA Partners Forum of USAID’s Private Capital Group for Africa (PCGA). He is a member of the Agricultural Transformation Implementation Council of Nigeria’s President (ATIC). He also serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security and is Vice-Chair of the National Competitiveness Council of Nigeria (NCCN), whose foundation he played a crucial role in.
At the invitation of the Federal Government and the Presidential Jobs Board, he also chairs the Ministerial Committee to develop world-class hospitals and diagnostic centers across Nigeria, with the goal of creating 3 million jobs in a year.
From May 11 to 13, 2016, he was one of the co-chairs of the 26th World Economic Forum on Africa in Kigali, Rwanda. He was included in TIME’s list of the world’s 100 most influential people.
Orji Uzor Kalu
$1 Billion Orji Uzor Kalu
Orji Uzor Kalu is a politician and businessman from Nigeria. He is the chairman of SLOK Holdings, which owns the Nigerian publications Daily Sun and New Telegraph. From May 29, 1999, to May 29, 2007, he was the Governor of Abia State in Nigeria.
He was the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited before his election. Kalu was a member of the Peoples Democratic Party (PDP), the Progressive Peoples Alliance (PPA), and the PPA Board of Trustees chairman.
In the general election in April 2007, he ran as the party’s presidential candidate. After officially announcing his resignation as the PPA BOT head, he is now a member of the ruling All Progressive Congress (APC).
Femi Otedola has a net worth of $1. 8 billion.
Femi Otedola is the majority shareholder in Forte Oil, a publicly traded oil marketing and power producing company.
Forte Oil, which began as a Nigerian subsidiary of British Petroleum (BP), now operates over 500 gas stations across Nigeria.
It possesses oil storage facilities and produces its own motor oil.
In 2013, Otedola led the company in acquiring a government-owned share in a gas-fired power facility in central Nigeria’s Kogi state.
1.1 billion dollars owed to Jimoh Ibrahim.
Nigerian lawyer, politician, businessman, and philanthropist Jimoh Ibrahim. He is the chairman and CEO of Global Fleet Group, a Nigeria-based global conglomerate with business interests and subsidiaries in surrounding West African countries.
Oil and gas distribution, hotels, resorts, airlines, banking, real estate, insurance, publishing, and investments are just a few of the sectors in which he has invested.
$1.0 Billion – Folorunso Alakija.
Fashion, oil, real estate, and printing are all businesses that Alakija is involved in.
She is the executive vice-chairman of Famfa Oil Limited and the group managing director of The Rose of Sharon Group, which includes The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited, and The Rose of Sharon Prints & Promotions Limited.
She also owns a portion of the company DaySpring Property Development.
She is the second most powerful woman in Africa, behind Ngozi Okonjo-Iweala, and the 87th most powerful woman in the world, according to Forbes, as of 2015.
$1.1 Billion – Jimoh Ibrahim.
In Nigeria, Jimoh is a lawyer, politician, businessman, and philanthropist.
He is the chairman and CEO of Global Fleet Group, a Nigeria-based global conglomerate with business interests and subsidiaries in surrounding West African countries.
Uzoma Dozie has a net worth of $1.1 billion.