10 Richest People in Nigeria and Their Net Worths

Top 10 Richest People in Nigeria and Net Worth

Are you eager to know about the richest people in Nigeria and their net worth? Have you been asked this question but you can’t say if your answer to the question was correct and you want to find out?

In this post, I decided to share with you the top 10 richest people in Nigeria and their net worth so you don’t get to guess any longer.


Interestingly, these richest people in Nigeria are those people that remain unshakable and undaunted despite the harsh economy terrain and various appalling business challenges they faced in the course of kick-starting their business in Nigeria; though there exist countless numbers of them the following successful entrepreneurs, though not exhaustive are ranked accordingly based on their estimated net worth by Forbes Magazine and Venture Africa as follows:


List of the Wealthiest People in Nigeria

  1. Alhaji Aliko Dangote

Aliko Dangote is by far the richest man in Nigeria with an estimated net worth of $21.6 Billion and $25.7 Billion according to Forbes Magazine and Venture Africa on the richest people in Nigeria.

He is also the richest man in Africa and he was ranked on the number 24th spot in the list of world richest in 2014 but as a result of the country’s economic crisis, he had dropped down to 67th.

Aliko Dangote is the Chairman and CEO of Dangote Group of companies; a group that extends its tentacles beyond Nigeria shores. Dangote has companies in other African countries like Ghana, South Africa, Cameroon, Togo, and Zambia.

Dangote Group of Companies develop an interest in the production of Flour, Sugar, Pasta, etc. Its impact in the mining field, Steel, and petroleum can never be overemphasized.

  1. Mike Adenuga

The second richest man as far as Nigeria is Mike Adenuga and he is also the 5th in Africa. His net worth is estimated to be $4.7 billion. Mike Adenuga is a business tycoon who amassed his wealth through the oil and gas industry and telecommunications sector.

He is the chairman of Con Oil plc and also owns the Nigeria second-largest telecommunications company, Globacom Limited, a mobile network company that is also operating in the Benin Republic. Findings show that his mobile network company is having over 24 million active users in Nigeria.

  1. Prince Arthur Eze

Arthur Eze who is also known as Ezenukpo. He is the founder and the Chairman of the Atlas Petroleum International Ltd. Prince Arthur has $5.7 Billion net worth according to Ventures Africa. Atlas is a West African oil and gas exploration company with nothing less than 36 oil acreage. In Africa, Atlas is the largest oil exploration block, holder.

Atlas Petroleum shows equity together with working interests in different acreage throughout the Gulf of Guinea, with countries like Nigeria, Liberia, Ivory Coast, Ghana, Sierra Leone, Mali, Gambia, Equatorial Guinea, Senegal, and the Benin Republic.

  1. Cletus M. Ibeto

Cletus M. Ibeto is another Nigeria businessman from Nnewi, Anambra state. He heads the Ibeto Group, the most patronize and largest business enterprise in the whole of Nnewi, a city of unique entrepreneurial spirit.

Ibeto Net Worth is valued at $3.7 Billion. His is into automobile spare parts business, cement production, hospitality, energy, real estate, and petrochemicals. He also owns many hotels under the Ibeto hospitality brand across Nigeria.

  1. Femi Otedola

Otedola is the CEO of Zeno Oil plc and the controlling shareholder of the Forte Oil, with a whopping 78% stake. The company has its gas and/or petrol stations with fuel storage depots.

The company also manufactures engine oils in its line. Forte proclaimed in 2014 that Otedola shares rose due to their new investments in the power generation sector. He also has a great deal interest in the real estate business amongst other sectors. Otedola Net Worth is estimated at $2.3 billion.

  1. Folorunsho Alakija

Folorunsho Alakija is the richest woman in Nigeria with a net worth of $2.2 billion. Also, she is Africa’s second richest woman and the World black richest woman. She is a business mogul who develops an interest in fashion, printing, oil, and gas industries.

She is the general overseer of Rose of Sharon, Digital Reality Prints Ltd, and Rose of Sharon Promotions Ltd. This Nigeria richest woman also held the office of the Vice-Chairman at Famfa Oil Ltd.

  1. Orji Uzor Kalu

Orji Uzor Kalu is the founder and CEO of SLOK Holding, New Telegraph, and the Daily Sun newspapers in Nigeria, his estimated worth is $1.1 billion. He was the governor of Abia State, Nigeria for eight years- from May 29th, 1999 – May 29th, 2007.

Slok Holding plc is a company of annual revenue of $2.5 billion conglomerate with interests in banking, media, oil trading, shipping, and manufacturing. He is the Director of First International Bank, a bank that has several working branches throughout the Gambia.

  1. Jim Ovia

He is the founder of the second-largest financial institutions in Nigeria, Zenith bank which has its headquarter situated in Victoria Island Lagos, Nigeria. The Bank enlarges its coast to other countries like Ghana, South Africa, Gambia, Sierra Leone, and the United Kingdom.

Jim Ovia is said to a worth estimation of $850 million and $2.3 billion, there is according to Forbes Magazine and Ventures Africa respectively. Ovia has many properties across Nigeria which include a five-star hotel, 150-bed Marriott in Lagos, etc.

SEE: Top 10 Richest Musicians in Nigeria

  1. Theophilus Danjuma

Theophilus is a Nigerian billionaire who started off the shore as a soldier in the Nigerian Army. Mr. Danjuma Net Worth is estimated to be $1.1 Billion by Forbes and $1.8 Billion to Ventures Africa. This Nigeria billionaire is the chairman of a Nigerian oil and gas upstream exploration and production known as South Atlantic Petroleum (SAPETRO).

  1. Tony Elumelu

Mr. Elumelu is the managing director and at the same time the Chief Executive Officer of the United Bank of Africa (UBA). He has an estimated net worth of $1 Billion according to Forbes top richest Nigerian ranking and $1.6 Billion on the Ventures Africa list.


He is one of the Africa intelligent businessmen and outstanding entrepreneurs, as a result of this he also held many boards in Nigeria. He is one of the top richest men in Nigeria, a big thanks to his varieties of investments, among others, controlling interest in Nigeria’s largest public trading conglomerate; Transcorp, a major stake in United Bank for Africa.

Also, he has a wide range of real estate in many Nigerian cities; he is the director of Standard Global Services limited; chairman of the Standard Alliance Insurance, Flame oil and gas Ltd, Verticom Wireless as well as the STB capital markets.


However, the above personalities are without a doubt the richest people in Nigeria. These Nigerian billionaires held their ground and maintain their stance to fight back to the top, as such cutting the top ten richest people in Nigeria.

You May Also Like