Richest People in Nigeria & Net Worth (2023)

The major focus of this article is on the richest people in Nigeria and their net worth.

Richest men in Nigeria

Despite the acclaimed widespread poverty in Nigeria, many Nigerians are among the richest people in Africa.

The list of top richest men in Nigeria shows that most wealth in Nigeria is in the hands of very few.

The interesting thing about the richest men in Nigeria is that they are super rich and are part of the richest people in Africa and across the world.

In this post, we will be looking at the net worth of the richest people in Nigeria.

Also to be contained in this blog post is brief profile of top richest men in Nigeria and their businesses.

Articles about the richest Nigerians are always interesting because of the ethnic undertone attached to it as a result of diverse ethnic nature of the country.

If you want to discover the richest people, men in Nigeria and their net worth, all you have to do is digest this post carefully.

Richest Men in Nigeria & Net Worth

Below is the roll call of top richest people in Nigeria and their net worth, assets and businesses.

1. Alhaji Aliko Dangote – $12.5 Billion

Alhaji Aliko Dangote is rated the Nigeria’s richest man with an estimate net worth of $12.5 billion according to Forbes.

He is the overall richest person in Nigeria. Aliko Dangote businesses includes oil and gas, cement, foods and real estate.

The Nigeria’s top entrepreneur businesses is spread across Africa.

He hails from Kano state in northern Nigeria. His $12.5 billion net worth makes him the Nigeria’s richest man by miles.

Aliko Dangote is divorced with 3 children. He resides in Lagos, Nigeria.

The Nigerian billionaire is a graduate of Bachelor of Arts/Science, Al-Azhar University.

2. Mike Adenuga – $6.7 Billion

Mike Adenuga’s net worth of $6.7 billion makes his the second richest man in Nigeria.

Mike Adenuga’s source of wealth includes telecommunication and oil and gas.

Mike Adenuga lives in Lagos, Nigeria and is married with 7 children.

He is the 5th richest billionaire in Africa. He is one of the richest persons in Nigeria as well.

Through his telecommunications company, Globacom, he controls over 20% of Nigeria’s mobile telecommunication subscribers.

He also owns one of the most popular upstream oil and gas company in Nigeria, Conoil. The Nigerian billionaire in dollars hails from Oyo state.

3. Abdulsamad Rabiu – $4.4 Billion

Also on the list of richest people in Nigeria is the founder of BUA group, Abdulsamad Rabiu.

He is the owner of BUA group, a conglomerate with interests in Cements, Sugar and real estate.

The Nigerian billionaire hails from Kano state in Nigeria but lives in top Nigerian city of Lagos.

He is one of the richest people in Hausa-Fulani Land as well as in Nigeria.

Alhaji Abdulsamad Rabiu is not only among the top richest billionaires in Nigeria but also in list of richest people in Africa.

4. Femi Otedola – $1.8 Billion

Femi Otedola who is the chairman of Forte oil is one of the richest people in Nigeria currently.

He also shares a stake in a federal government gas fired power plant in Kogi state, Nigeria.

Femi lives in Lagos Nigeria and is one of the silent billionaires in dollars in Nigeria.

In 2015, Femi entered into a deal to sell off 17% of his Forte oil stake to a Swiss firm for $200 million.

He is married with 4 children. He hails from Lagos state, Nigeria.

5. Folorunsho Alakija- $1 Billion

Folorunsho Alakija is among the Nigeria’s richest people in 2023. She also double as the richest women in Nigeria.

She is the vice chairman of Famfa oil. She is also an investor in fashion in Nigeria and is big player in Nigeria oil and gas industry.

Her oil company has been operating in Agbami oil field for over a decade.

She is Nigeria female billionaire and one of the top Nigeria’s wealthiest people.

6. Theophilus Danjuma – $750 Million

Another Nigerian millionaire in dollars who is rated in the list of richest people in Nigeria is retired former Nigerian Army General, Theophilus Danjuma.

He is a top energy and real estate investor with his businesses spanning across African countries such as Madagascar, Republic of Benin, Central Africa Republic etc.

The Taraba born billionaire also owns as stake in one of Nigerian’s largest shipping line, NALComet. No doubt he is among top Nigeria’s richest men till date.

7. Tony Elumelu – $700 Million

Tony Elumelu is estimated to worth over $700 million which makes him one of the top richest men in Nigeria.

The Delta state native is top top finacial expert and an investor.

He has businesses spread across from banking, telecommunication.

He also has a stake in Transcorp, a top Nigeria’s conglomerate with interests in hospitality, agriculture oil and power generation.

All these Tony Elumelu’s assets and investments puts him on the list of richest Nigerian billionaires.

8. Jim Ovia – $550 Million

Billionaire banker, Jim Ovia makes the list of top wealthiest people in Nigeria with an estimate net worth of around $550 million according to Forbes.

Jim is the founder of one of Nigerian’s biggest bank and financial institution, Zenith bank.

He is the largest individual shareholder in the bank.

The top financial expert also has business in telecommunication with his Visafone amassing over 3 million subscribers.

Jim Ovia is still among the richest men in Nigeria currently.

9. Oba Otudeko – $550 Million

The chairman of Honeywell group, Oba Otudeko makes the current ranking of the Nigeria’s richest people.

His Honeywell group has business activities in floor mill, marine transportation, real estate as well in oil and gas.

Oceanfront Radisson Blu which is located in Lagos is another top business of Oba Otudeko. His net worth is estimated at around $550 million.

10. Mohammed Indimi – $500 Million

According to Forbes magazine, Nigeria oil mogul, Mohammed Indimi is estimated to worth around $500 Million.

This net worth puts him in the league of richest people and men in Nigeria.

He is as well among the richest people in northern Nigeria.

Indimi is the chairman and major stakeholder in Orient Energy Resources, top Nigeria’s oil production snd exploration company.

Reports has it that six of his children serves in the company board.

The billionaire hails from Maiduguri and is married with 8 children.

11. Sen. Orji Uzor Kalu – $330 Million

The former governor and serving senator, Orji Uzor Kalu is the surprisingly the first Igbo man from Southeast in the list of the richest persons in Nigeria.

The billionaire politician is the founder of SLOK Holdings, a conglomerate with activities on shipping, oil, banking, manufacturing and media.

He also has businesses across real estate. Sen. Orji Uzor Kalu is one of the top richest politicians in Nigeria.

He also has severally been fingered by EFCC, Nigeria’s anti corruption police.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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