Nigerian Billionaire: Top Ten Richest People In Nigeria

Forbes Nigerian Billionaires

Recently, Forbes released the 2017 list of the richest people in Nigeria and while there seems to be little or no change in the list, the latest list houses 9 billionaires with just a few million dollars away from the billionaire benchmark.

Nigeria, the most populous Black Country in Africa and the World is home to a list of billionaires including the Richest Man and Person in Africa.

Here is a list of the top 10 Richest Persons in Africa.

10. Oba Otudeko

Estimated Net Worth: $650 million

Founder and Chairman of Honeywell Group, a conglomerate company which focuses on areas such as food and agriculture, real estate and financial services, telecommunications and infrastructure.

Otudeko is also the Chairman of FBN Holdings Plc with operation spread across various sectors such as oil and gas, real estate, flour mining and marine transportation.

  1. Jim Oviah

Estimated Net Worth: $1 billion

Founder and Largest shareholder of Zenith Bank; a financial services institution, Jim Oviah is currently the Chairman with almost a 10% stake in the company.

He also has other investments and manages the mobile telecommunications company Visafone which boasts of over 3 million subscribers.

  1. Orji Uzo Kalu

Estimated Net Worth: $1.1 billion

Kalu is the former governor of Abia State, the founder and Chairman of Slok Holdings. The conglomerate company focuses on shipping, oil and gas, banking, trading, manufacturing and media.

Kalu is one of the most notable entrepreneurs in Nigeria, becoming a business man at the age of 19 after being expelled from a Nigeria University for spearheading various student riots.

  1. Tony Elumelu

Estimated Net Worth:  $1.4 billion

Philanthropist, Business magnate and chairman of the United Bank of Africa; Tony Elumelu is most notable for his foundation entrepreneurship program which has aided thousands of entrepreneurs in Nigeria.

He is also the founder of Transcorp and Heirs Holdings.

  1. Abdul salmad Rabiu

Estimated Net Worth: $1.5 billion

Founder of the famous BUA Group, Abdusalam is one of the most notable entrepreneurs and businessmen in Nigeria.

The conglomerate BUA Group focuses on areas such as sugar refining, real estate, port operations and cement production.


  1. Theophilus Danjuma

Estimated Net Worth: $1.7 billion

General Theophilus Danjuma was the Former Nigerian Chief of Army Staff from 1975 to 1979. Presently, he is the Chairman of Athlantic Petroleum.

  1. Folorunsho Alakija

Estimated Net Worth: $2.1 billion

Business Magnate and entrepreneur Folorunsho Alakija comes up in number 4 on the list. She is the richest woman in Nigeria and Africa with a net worth over $2 billon.

  1. Femi Otedola

Estimated Net Worth: $2.3 billion

Current CEO of Zenon Oil and Gas and Forte Oil Plc; Femi Otedola is a philanthropist, business tycoon and businessman, his interest cuts across various sectors including real estates.

  1. Mike Adenuga

Estimated Net Worth: $10.5 billion

Sitting comfortably in the number 2 spot is one of the richest men in African and multi-billionarie Mike Adenuga. He is the owner of the telecommunications giant Globacom and the Chairman of Conoil.

  1. Aliko Dangote

Estimated Net Worth: $12.5 billion

Aliko Dangote is currently the richest man in Nigeria, Africa and the richest black man in the world. Although, he was once worth over $25 billion (2014), his worth was cut by half due to the weakening of the Nigerian Naira.

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