Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. Trump's billionaires share his two chief goals: a massive tax overhaul and deregulation, allowing them to make even more money, unimpeded by government intervention. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. Femi is one of the major shareholders in the United Bank of Africa (UBA) and Zenith Bank. as an infrastructure engineer where he worked for nearly nine years before leaving aged 30 with enough cash to launch his own business. Elections in Africa's largest democracy: government candidate takes the lead in Nigeria 2023-02-28T08:28:30.564Z. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. A post shared by Espact | Business Plan | Tech (@espactonline). Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. Tragedy struck when Bisciottis father died of leukemia when Stephen was eight, leaving Patricia to raise three kids on her own. Orjiako is also a Harvard trained businessman. https://www.instagram.com/p/CIydwaoDEtG/?utm_source=ig_web_copy_link. Read more about Oprah's incredible rags-to-riches story, Ellison dropped out of college and had a few jobs before starting his first software company SDL in 1977 with two business partners. Billionaires and millionaires in the US include people from all over the world. While retaining their spot as the most industrious tribes in the country. His business interests spread both locally as well as internationally. The most prominent and yielding in the group of his companies is Global Fleet Oil and Gas, which grew by buying out as many gas stations as possible and acquiring more than 150 gas stations in just a year. She has a large number of A-lister friends and an impressive number of mansions. 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. Of his past he said: "I had no special dream only the ambition not to accept my initial destiny.". Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. He is the owner and Chairman of The Chrome Group, a company he established in 1994 that employs over 800 staff members. He was the owner of Visafone Communications Limited, which he had long sold to MTN. Eventually, Benedict founded Aiteo Group which is currently reputed to own one of the largest petroleum tank farms in the country. Ralph Laurens surname was actually Lifshitz but he changed it to Lauren when he was 16 to avoid mispronunciations. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. Name Citizenship Net worth Sources of wealth . Lowy was born in Slovakia, then Czechoslovakia, in 1930. Roman Abramovich is known across the globe as a multi-billionaire with stakes in Evraz, Norilsk Nickel, and the UK's Chelsea soccer team. He is said to have an estimated net worth of $1.5 billion according to Forbes. Besides his companies, he has investments spread across various sectors in the country and beyond. He founded Muhammadu Indimi Foundation (MIF) with the aim of helping families and individuals in Northern Nigerian states out of hunger, poverty, and illiteracy. Forbes.com has a study on how difficult it was for each billionaire listed to amass their fortune. His humanitarian services have also gone ahead to earn him some prestigious awards. The entrepreneur mints a steady income from his oil production and telecom businesses. Apart from her wealth, Folorunso Alakija is known for her philanthropic activities. Buzznigeria.com copyright 2021. Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. Other companies under Ibeto Group include Union Autoparts Manufacturing Co. Ltd, Ibeto Petrochemical Industries Ltd, Ibeto Cement Company Ltd, Eastern Bulkcem Company Ltd, Kingss Palace Hotels Ltd, Ibeto Energy Development Ltd, Palmex Agencies Ltd, Ibeto Industries Ltd, Odoh Holdings Ltd, Ibeto Hotels Ltd, etc. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. Most Nigerian artists introduce themselves to the scene about their backgrounds. Read the Complete Part 1 in His Site:www.josephintro.com. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. In 2009 Koum co-founded real-time messaging app WhatsApp. He heads a worldwide group of companies whose scope of activities remains diverse and includes Construction, banking, importation, sales, and services of motor vehicles and Oil. He has also won a handful of awards which include Commander of the Order of Niger (CON) 2012, Africas 55 wealthiest People by Venture Capital (2014), Forbes Most Prominent Naira Billionaire from Nnewi (2017), A post shared by SIR EMEKA OFFOR (@sir_emeka_offor). Li hasnt always been so blessed. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. 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. She is the daughter of Billionaire oil mogul, Femi Otedola and a granddaughter of Late Sir Michael Otedola, a former governor of Lagos state. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. 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. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Lynxxx was the first Nigerian artist to be endorsed by the global brand, Pepsi. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). By the age of 18 Koum became interested in programming and enrolled at San Jose State University. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. I will soon join the list soon by Gods grace.. Lols Nigeria where the rate of poverty is plenty than any other countries, your revalation is rubbish Sir or ma even we cant overtake ghana and south Africa talkless of Europeans or Americans Lols dont fool yourself, maybe if Jesuss come and God rebuild this world again and created new beings and creature your revelation will come to Pass.. nonsense! Lists 2022. But Ortega came from very humble beginnings. He is regarded by many as one of the biggest and most influential in Africa. Some of which include 100 million donations to the fight against child malnutrition in Nigeria (2007), N200 million donations to the presidential library, N50 million donations to the National Mosque, among many others. He also established Reputation Pool for creating reputation voting and ranks. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. The richest Igbo people according to Forbes are billionaires. A post shared by Onu Ndi Igbo (@voiceoftheeast). [1], chairman daily sun Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. His sojourn in business started when he successful ran the family's printing business in the 1980s. 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). His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. Through his fathers university, Michael Otedola University, he set up a scholarship scheme which has helped over 1000 students since its inception. When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. The company was founded in 1991. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. He is the chairman of Prince luxury group and founder of Prince omoha foundation. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). Of. Destroyed or . He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). 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. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. But nothing was handed to Xin on a plate. Here are some of the unbelievable revelations in the book: 3. Hes currently the chairman of the bank. These include London, Dubai and New York City. He is the founder of SIFAX Group of Companies. You've been added to our mailing list. He is the richest man in Nigeria and Africa. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. Your email address will not be published. Although Dangote was born into a wealthy family, he hasnt rested on his soars due to his familys riches. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? Super Eagles winger, Simon Moses was in action as Nantes book a place in the next round of the Coup de France after defeating Lens 2-1 on Wednesday. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. 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. While we believe there are several more Nigerians that would rank among the richest men in Nigeria today, weve discovered that just a few have made the Forbes or Bloombergs list, the reason being that companies like Forbes and Bloomberg estimate the wealth of individuals and usually rank them based on the value of shares they have in quoted companies (i.e., companies listed on the stock exchange). Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. Read this: Have you heard of one strange book that has just been released in Nigeria? In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. Abdulsamad Rabiu was named Africas newest billionaire in Forbes November 2013 issue. Yet, ostensibly the country's economy . For many, hardships started . Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. Aliko Dangote.Dukes friend. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. Rotimi Alakija is a Nigerian Disc Jockey with the stage name DJ Xclusive. Aliko Dangote. Aliko Dangote, I did not see adeleke,dantata and my self, I did not see adeleke he his richer than otedola na, It is only God knws the position of my father. The BUA Group has the second largest sugar refinery in the country. Also, he has awarded over 100 scholarships to Ondo State indigenes. 5. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. Some of the world's wealthiest entrepreneurs were born dirt poor. He was also the founder of Visafone Communications Limited which has since been acquired by MTN. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. Forte said its shares rose in 2014 due to new investments in power generation and distribution. He is also involved in numerous other philanthropic activities. Six of his children serve on the companys board, where he is currently the Chairman. Nigeria: 1.0 Billion: Foods 2014. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isnt just limited to oil but range across other sectors such as shipping, real estate and finance. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). 10 Billionaires Like Oprah Winfrey Who Grew Up Poor | GOBankingRates You don't have to be born with a silver spoon in your mouth to achieve great things in life -- though it certainly helps. He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. They produced the highest local content and manufacturing and has the highest diaspora community across the globe. A post shared by Emmanuel Ojei (@ojeiemmanuel). He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. His journey into becoming a billionaire began when he established a small trading firm in 1977. He is the founder and CEO of Nigerian Finder.com. Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelve months ago and the most since 2014, when a larger number of billionaires-28-were. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. A post shared by ManLikeLynxxx (OnlyPage)???? 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. Bode Akindele is an octogenarian billionaire. 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. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. He started as a rapper in secondary school. This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. 1. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. Her love for students has seen her sponsor many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme. He also donated N80 million to the faculty of Agriculture at the University of Port-Harcourt. Lovemoney.com limited is a registered company in England & Wales.Company REG NO: 7406028 VAT NO: 945 6954 72. Cletus is the head of the Ibeto Group. She got a job at a fish and chip shop to stay afloat. 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. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. Source: Oil. In broadening his horizon, Artur Eze ventured into politics. Looks like that email address is already registered. Nigerians' anger and frustration are deservedly directed to their government. The business mogul had to work hard to get where he is today though. Net worth: $42.2 billion. He is the co-founder of hair-care company John Paul Mitchell Systems, which generates $1 billion (770m) in annual revenue, as well as high-end tequila company Patrn Spirits, which sells more than two million cases each year. His wealth comes from investments and entrepreneurship. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. Soils The Initial Public Offer also raised the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent. He was later signed by Starboy Entertainment in 2013. 1. John Paul DeJoria has a net worth of $2.5 billion (1.95bn). The Allegis Group, which Aerotak is part of, is now a $10.8 billion (8.5bn) company, with nearly 500 offices worldwide. At the beginning of his career, Lalibert had fire in his belly literally. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. He is the CEO of Global Fleet Group, a diversified conglomerate with a presence in Nigeria and the UK. Belo-Osagie has been involved in oil, finance and telecommunications industry. . 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. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. 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. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. 1 . Mohammed Indimi has made a decent part of his $500 million net worth from oil. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). He was involved in the Nigerian coup in July 1966. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Veteran director Bharathiraja meets Kamal Haasan; Varalaxmi Sarathkumar's 'Kondraal Paavam' trailer; Golden Truth: Eight Things to Know Before Buying Gold With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. A post shared by FINT | Alternative Lending. Danjuma was also able to prevent the Dimka Coup in 1976. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. Nigeria has, over time, proven to be richly blessed with highly intellectual individuals who, through hard work, creativity, and resilience, have dedicated themselves to the countrys economic growth. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? The 39-year-old man is known for his luxurious lifestyle. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. Who Was Julius Agwus Wife and What Happened to His Marriage? Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. Below are some of the awards and honors he has received over the course of his career and business ventures. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. (@fint_ng). What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. Hip Hop Music in Nigeria will become the best in the whole World. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. 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. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). Under his reign the company experienced an expansion of gargantuan proportions. French tycoon and luxury fashion brand founder Francois Pinault is worth an incredible $30.7 billion (23.95bn). 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. He is the founder of the Honeywell Group. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. Sorry, something went wrong. 10. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. Amancio Ortega has a mammoth net worth of $70 billion (55bn) and is the sixth richest person in the world. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. A job at a fish and chip shop to stay afloat across various sectors in country. 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