Nigeria is a nation with thousands of billionaires and millions of millionaires. These set of individuals dominate and directly influence the manufacturing sector, entertainment sector and to a large extent, the political sector. In a country like Nigeria, money comes to you especially after adding serious value or, performing a task that solves people’s problems.
In essence, these people in various ways have been able to create value, add value and make people lazy by making things easy. The richest men in Nigeria in a list of 10 change each year as several market factors contribute to increment and decrement in gains.
Exclusively with little or no facts left out, I present you the top 10 richest men in Nigeria and their net worth according to recent information circulating the internet. This list of the top 10 richest men in Nigeria is dominated by businessmen, entrepreneurs, and successful, innovative career men.
Here’s the list, and feel free to criticize this list by landing a comment as the names on this top 10 list would probably surprise you…
Top 10 Richest Men in Nigeria & Their Net Worth:
10. Tony Elumelu | Net Worth: $1.1 Billion Dollars
Tony Elumelu is a Nigerian investor with interests in trade, oil production, and agriculture. He got prominent in the year 1997 after growing a small commercial bank in Lagos state to become really buoyant. The small bank was overtaken by Tony and other investors to another level, so much so that it was merged with United Bank for Africa (UBA) in 2005.
Through creativity, Tony Elumelu and a team build a small unprofitable financial institution in Lagos state into a venture of value worth investing billions into within a stint of 8 years. Tony Elumelu is an MTN stakeholder, and he also has exquisite real estates in a number of Nigerian cities.
He’s one of the top 10 richest men in Nigeria by far among several hundreds of billionaires in the country. Analytically, Tony Elumelu would be one of the richest Nigerian and African if I had a list top 10 richest Nigerian and African compiled.
9. Igho Sanomi | Net Worth: $1.3 Billion Dollars
Igho Sanomi is a brilliant Nigerian business tycoon and entrepreneur. He’s also a geologist, a speaker, a philanthropist with deep experience and interest in aviation, construction, telecommunications, shipping, maritime, real estate business, and petroleum. He was the executive director at Cosmos Oil & Gas, and was a partner with a petroleum products transporting company based in ZugSwitzerland.
As the chairman of multiple companies founded and cofounded by him, he needed to have all activities checked and executed without duplication. So he founded Taleveras Group, an energy trading organization in 2004 to merge business activities. The group has branches in London, Abuja, Geneva, Ivory Coast, Dubai and other places trading Jet Fuel, Crude Oil, Gasoline, and LPG.
Igho Sanomi was given birth to in Delta State, Nigeria, on May 17, 1975. He’s the firstborn son and has four elder female siblings. His parents were actively engaged in society business. His mother, Mabel Iyabo Sanomi was a nurse, and his dad, Ogheneruemu Patrick Sanomi was an AIG, and national president of Urhobo Progress Union (UPU). Igho Sanomi is a certified geologist with a Bachelor’s degree from the University of Jos, Jos, Plateau state, Nigeria.
8. Theophilus Danjuma | Net Worth: $1.5 Billion Dollars
Theophilus Danjuma is one of the richest politicians of all time in Nigeria. He is in joint, a politician, a military personality, philanthropist, entrepreneur, and businessman. He was born Theophilus Yakubu Danjuma on December 9, 1938. From the year 1975 to 1979, Theophilus Danjuma was Nigeria’s Army Chief of Army Staff, and under Sir Olusegun Obasanjo’s tenure, he Theophilus occupied a seat as the Minister of Finance.
He is the core founder of the South Atlantic Petroleum (SAPETRO) – an oil & gas exploration firm. The company has assets in countries like the Central African Republic and Madagascar. The Nigerian billionaire has stakes in profitable companies like NALComet shipping company, and he also owns real estates.
7. Femi Otedola | Net Worth: $1.8 Billion Dollars
Femi Otedola is a popular name in Nigeria. He’s a Nigerian entrepreneur, and a major shareholder at oil production company – Forte Oil. He’s the chairman at the oil firm, and owns a big part of the company’s shares. Forte Oil current has over 500 filling stations in Nigeria, and it’s a British Petroleum (BP) subsidiary in Nigeria. Femi Otedola is the founder of Zenon Petroleum & Gas Ltd.
He also owns other businesses as an entrepreneur. Femi Otedola was born November 4, 1969 in Ibadan, Oyo state, Nigeria. He’s one of the top 10 richest men in Nigeria today with talented kids, one being Florence Otedola (DJ Cuppy) – a popular Nigerian female disc jockey, and another being Temi Otedola – a fashion blogger and fashionista.
6. Benedict Peters | Net Worth: $2.7 Billion Dollars
Benedict Peters in a Nigeria businessman and one of the richest men in the country. He’s the founder of the Aiteo Group which is one of the largest indigenous oil producing companies in Nigeria. At a time, he was ranked by Forbes as the 17th richest African, and 7th richest man in Nigeria. Benedict Peters began took interest in oil & gas, he began working with Mofe Boyo, Adewale Tinubu, and Onajite Okoloko, founder of Oando Plc.
Eventually, he started working with MRS Oil Nigeria Plc, operating as the group executive director, and later, the managing director of the company. In 1999, Benedict Peters signed out of the company to work with Sigmund Communecci. In February 2008, he founded the Aiteo Group. The group has a some of the largest petroleum tank farms in Nigeria, and is one of the largest oil firms in Nigeria having over 100 square metres of land.
5. Cletus Ibeto | Net Worth: $3.7 Billion Dollars
Cletus Ibeto joins the list of the top 10 richest men in Nigeria. He’s a dollar billionaire entrepreneur, investor, and businessman. He hails from Nnewi and was born on November 6, 1952. He is the founder and CEO of the Ibeto Group which remains one of the largest business enterprises in Nnewi. His hometown, Nnewi is known for raising entrepreneurs, one of such being Cletus Ibeto.
The city of Nnewi grew tremendously in terms of business in the 1980s as the Ibeto Group leveraged the manufacturing inactivity Nigeria experienced due to unfavorable policies and fall in oil trade. Cletus Ibeto is very versatile, and has several channels of income in Nigeria earning him billions.
4. Mike Adenuga | Net Worth: $5.5 Billion Dollars
Mike Adenuga is officially the second the richest, but as it appears, this position has been stolen by secret billionaires on this list. He’s a versatile versatile businessman, and the chief executive officer at Globacom. Mike Adenuga was birthed as Michael Adeniyi Agbolade Ishola Adenuga on April 6, 1953.
He’s a stakeholder with a mega stake in Equatorial Trust Bank, and ConOil. He has several properties and companies under his directive. Mike Adenuga is one of the top 10 richest men in Nigeria, and he has made enough wealth for his generations to come.
3. Arthur Eze | Net Worth: $5.8 Billion Dollars
Arthur Eze is a powerful businessperson and one of the richest men in Nigeria. He’s very successful as an entrepreneur, a businessperson and investor. Prince Arthur Eze in 2010 was able to generate a balance of $200 million dollars in Liberia by selling oil blocks. He’s the founder and CEO of Atlas Oranto Petroleum; an oil & gas organization.
In 2015, Prince Arthur Eze purchased a Falcon Airplane which got delivered at Akanu Ibiam International Airport, Enugu state. He’s very intelligent, possessing rich tacit knowledge and experience in engineering as he graduated with a degree in chemical and mechanical engineering from the California State University.
2. Emeka Offor | Net Worth: $5.8 Billion Dollars
Emeka Offor is a Nigerian billionaire entrepreneur, and businessman. He’s the manager of Chrome Group, ERHC (Environmental Remediation Holding Corp) and EEDC (?). Birthed on February 10, 1957 in Kafancha, Kaduna state, Emeka hails as an indigene from Oraifite, Anambra state, Nigeria.
He schooled at Abbot Boy’s Secondary School, and later went to continue his studies at the Merchant of Light Secondary School after bring expelled from the Abbot Boy’s School. Both Schools are in Anambra state, Emeka rounded off secondary school at the later. Years after leaving secondary school, he started doing business side-by-side his uncle as an apprentice, and in 1994, he founded the Chrome Group and penetrated the Nigerian oil & gas sector.
The Chrome Group now offers services like refinery maintenance and gas pipeline construction in several countries. Emeke Offor as a promising philanthropist made provision for the free distribution of millions of academic book items, computers, and academic serials to Nigeria and other states in West Africa.
His foundation, the Sir Emeka Offor Foundation has grown to become a significant partner with Books For Africa (BFA), and it will become the biggest African books donor owned by a private individual after the completion of a $14 million dollar book project. The foundation was founded primarily to reduce poverty and increase utilization of talents in Nigeria. Emeka Offor also owns one of the largest multimillion dollar market plazas in Anambra state.
1. Aliko Dangote | Net Worth: $12.1 Billion Dollars
Aliko Dangote has always topped the list as Africa’s richest man. Perhaps someone would take his position soon just as Bill Gates was officially overtaken by Jeff Bezos – but Dangote never stops working hard to remain at the very top. He’s a Nigerian businessman, investor, and entrepreneur. Aliko Dangote is officially Africa’s richest man.
He’s the founder of the popular and high gaining Dangote Group which has interests in commodities. The Dangote Group serves across the African continent, rendering services in Senegal, Ethiopia, and other countries. Aliko Dangote is also the founder of the most popular cement producing company in Africa – Dangote Cement.
The Dangote Group and Dangote Cement has thousands of employees and employers in countries. The Dangote Group manufactures food items, textile and other commodities. Born April 10, 1957, Aliko Dangote is the great grandson of Alhaji Alhassan Dantata, who was also a billionaire businessman and one of the richest people in Africa at the time, before his death in 1955.
Nigerian richest men on this list last year are: