During the COVID-19 pandemic, the world’s economy keeps deteriorating. The pandemic has adversely affected the economy of almost every country in the world. Many billionaires have lost their millions due to the downfall of the global economy.
The last year witnessed the overcoming of every country politically, socially as well as economically.
Like many other developing countries, Nigeria has been recovering in every sector especially in the economy after all the battles during the pandemic. In 2023, it is assumed that Nigeria will have a surge in its economy. It’s a country with various rich people who have a vital role in the global economy.
You might be searching for answers to the questions such as Who are the top wealthiest people in Nigeria? How much is their net worth? What are their interests?
List Of Top 25 Richest People In Nigeria 2023
|25||Hakeem Belo Osagie||$600 million|
|24||Tunde Folawiyo||$650 million|
|23||Emmanuel Ojai||$800 million|
|22||Igho Sanomi||$1 billion|
|21||ABC Orjiako||$1 billion|
|20||Jim Ovia||$1 billion|
|19||Flourunsha Alakija||$1 billion|
|18||Pascal Gabriel Dozie||$1 billion|
|17||Jimoh Ibrahim||$1.1 billion|
|16||Theophilus Danjuma||$1.2 billion|
|15||Leo Stan Ekeh||$1.2 billion|
|14||Tony O. Elumelu||$1.4 billion|
|13||Mohammed Indimi||$1.7 billion|
|12||Femi Otedola||$1.8 billion|
|11||Andy Uba||$2.1 billion|
|10||Benedict Peters||$2.7 billion|
|9||Oba Otudeko||$2.8 billion|
|8||Emeka Offor||$2.9 billion|
|7||Orji Uzor Kalu||$3.2 billion|
|6||Cletus Ibeto||$3.8 billion|
|5||Mike Adenuga||$5.7 billion|
|4||Arthur Eze||$5.8 billion|
|3||Alafaa Kariboye-Igbo||$6.1 billion|
|2||Abdusalam Rabiu||$7.9 billion|
|1||Aliko Dangote||$18.7 billion|
Keep on reading to get clear on all the queries you have.
Here’s the rundown list of the top 25 richest people in Nigeria.
25. Hakeem Belo Osagie
Hakeem Belo Osagie is a Nigerian businessman who is the chairman of Metis Capital Partners. Metis Capital Partners is a company that works with reputable international investment partners to broker and complete lucrative, high-ticket transactions in Africa.
In 2014, Forbes magazine ranked him as the 41st richest person in Africa. He pursued his graduation in Business Administration from the prestigious Harvard Business School. His net worth is approximately $600 million.
24. Tunde Folawiyo
Tijani Babatunde Folawiyo, who is popularly known as Tunde Folawiyo is a Nigerian businessman who has an estimated net worth of $650 million. He serves as the managing director of the Yinka Folawiyo Group, as well as the director of MTN Nigeria Ltd.
The Yinka Folawiyo Group was founded by Tunde Folawiyo’s father. It was passed to Tunde after the death of his father in 2008. Folawiyo is a graduate of economics and political science from London University.
23. Emmanuel Ojai
Emmanuel Ojai is the managing director and the CEO of Nuel Ojai Holding Limited. He began his own business in 1976 after quitting his job with Rutam Motors Limited.
Emmanuel Ojai is mostly interested in banking, sales, and services of motor vehicles and oil, and construction. He is supposed to have a net worth of $800 million.
22. Igho Sanomi
Igho Charles Sanomi is a businessman from Nigeria. This 48-year-old businessman is mostly interested in oil, power, logistics, telecommunication, the marine sector, aviation, and real estate.
He was a former Assistant Inspector General of Police in the Nigerian Police Force and was also known as a geologist, public speaker, and philanthropist.
He is the founder and CEO of Taleveras, an energy trading company. Igho has an estimated net worth of $1 billion.
21. ABC Orjiako
ABC Orjiako is the chief of SEPLAT and one of its founders. It is a significant Nigerian independent oil and gas business with a strategic focus in the Niger Delta of Nigeria. SEPLAT is traded on the London and Nigerian stock exchanges.
Orjiako has trained as a General Surgeon in a few Nigerian hospitals, he left the medical sector to follow his business interests.
He is supposed to have an estimated income of $1 billion.
20. Jim Ovia
The Nigerian businessman Jim James Ovia CFR CON is the founder of the Zenith Bank. He founded the Bank in 1990. Jim Ovia is one of the founders of Visafone Communications Limited, which MTN later acquired, furthermore, he is a member of Digital Bridge Institute as well as the Honorary International Investor Council.
Jim pursued his master’s in Business Administration from the University of Louisiana. He was also a student at Harvard Business School. Jim has an estimated net worth of $1 billion as of 2023.
19. Flourunsha Alakija
Folourunsha Alakija is one of the richest people in Nigeria who has an estimated net worth of $1 billion. She is a Nigerian businesswoman who is interested in printing, oil, real estate, and fashion.
She is the executive vice-chairman of Famfa Oil Limited and the managing director of the Rose of Sharon Group. Her business, Famfa Oil was established in 1993 and is supposed to have a profit of $10 million daily.
18. Pascal Gabriel Dozie
Nigerian Businessman and entrepreneur Pascal Gabriel Dozie is the founder of Diamond Bank. He served as the CEO of Diamond Bank since 1991 and In 2006 his son took over the position. He also serves as the chairman of Pan-Atlantic University. Pascal Dozie began his career as a part-time lecturer in London.
He was also an economist at the National Economic Development Office in the UK. African Development Consulting Group was the first company started by him in 1971.
He has an estimated net worth of $1 billion.
17. Jimoh Ibrahim
Jimoha Ibrahim is a businessman, politician, lawyer, and philanthropist from Nigeria. He is the CEO and chairman of the diversified conglomerate Global Fleet Group. It is based in Nigeria with operations and affiliates in neighboring West African nations.
He pursued his Ph.D. in business at the University of Cambridge. Jimoh Ibrahim has invested in the sectors like hotels, oil and gas distribution, resorts, real estate, airlines, banking, insurance, and publishing.
He is said to have an estimated net worth of $1.1 billion.
16. Theophilus Danjuma
Theophilus Danjuma is a Nigerian politician and former lieutenant general of the Nigerian army. Danjuma had a significant role in Nigeria’s post-independence military and political events.
Danjuma, a well-known politician from Nigeria and is one of the richest people in Nigeria with a net worth of $1.2 billion. The major source of his wealth is shipping and petroleum.
15. Leo Stan Ekeh
Leonard Stanley Nnamdi Ekeh popularly known as Leo Stan Ekeh is a businessman from Nigeria who has an estimated net worth of $1.2 billion. He is the chairman and founder of Zinox Group as well as the Konga.com
Ekeh pursued a Bachelor of Science degree in Economics from the Punjab University in India. Later he received a Master’s in Risk Management from the University of Nottingham.
14. Tony O. Elumelu
Anthony Onyemaechi Elumelu CFR is a Nigerian economist and philanthropist who was born in 1963. He is the founder of The Tony Elumelu Foundation and serves as the chairman of Heirs Holdings and Transcorp. Tony Elumela has a net worth of approximately $1.4 billion.
He pursued his Master’s in Economics from the University of Lagos. Last year, Elumelu was awarded the National honor of Commander of the Order of the Federal Republic. He is one of the most influential people in Nigeria as well as one of the wealthiest people.
13. Mohammed Indimi
Mohammed Indimi is a businessman and Philanthropist from Nigeria. He is the founder and CEO of Oriental Energy Resources. It is a privately held Nigerian oil exploration and production company. As of 2023, he has an estimated net worth of $1.7 billion.
Indimi founded the Mohammed Indimi Foundation (MIF) in Nigeria. It works to strengthen vulnerable families by addressing problems including hunger, illiteracy, and poverty.
12. Femi Otedola
Femi Otedola is a businessman and philanthropist from Nigeria who was born in 1962. He is currently serving as the CEO of Geregu Power PLC. He was the former CEO of Forte Oil PLC which was rebranded to Adrova PLC in 2020.
Otedola owns Swift Insurance and he serves as the CEO and president of SeaForce Shipping Company Ltd. He is one of the largest shareholders in the First bank PLC.
As of 2023, the 61-year-old businessman is supposed to have an estimated net worth of $1.8 billion.
11. Andy Uba
Andy Uba is a politician from Nigeria who was elected to serve as the senator for the Anambra South Senatorial District of Nigeria in 2011. He is a follower of the People’s Democratic Party (PDP).
Andy Uba is considered one of the richest Nigerians with an estimated net worth of $2.1 billion.
10. Benedict Peters
Nigerian billionaire Benedict Peters established the Aiteo Group, which is the country’s top independent oil producer. The company was founded in February 2008 and it owns one of Nigeria’s largest petroleum tank farms.
He is one of top richest people in Nigeria with a net worth of $2.7 billion. He pursued his degree in Geography and Town Planning from the University of Benin.
9. Oba Otudeko
He is a businessman from Nigeria who serves as the chairman of FBN Holding PLC. He founded the Honeywell Group. He is supposed to have a net worth of $2.8 billion. He served as the former chairman of FBN Holdings and he founded the Oba Otudeko Foundation.
Oba Oteduko began his career as a bank employee and he continued as it for 23 years. He was the former President of the Nigerian Stock Exchange in 2006.
8. Emeka Offor
Emeka Offor is a Nigerian entrepreneur and oil tycoon born in 1959. He is from Irefi Oraifite in the Nigerian local government of Ekwusigo, Anambra State. He is one of the richest men in Nigeria with a net worth of $2.9 billion.
Emeka Offor is one of the most prominent Knights in Oraifite, Anambra State, and a Knight of Saint Christopher in the Church of Nigeria.
7. Orji Uzor Kalu
Orji Uzor Kalu is a Nigerian politician and businessman who also serves as a senator for the Federal Republic of Nigeria’s Abia North Senatorial District and the Chief Whip of the House of Senate.
He is the chairman of SLOK Holding as well as Nigeria’s Daily Sun and New Telegraph.
He is said to have an estimated net worth of $3.2 billion.
6. Cletus Ibeto
Cletus Madubugwu Ibeto is one of the most prominent Nigerian businessmen from the industrial city of Nnewi. He serves as the head of the Ibeto group, the biggest company from Nnewi. He is considered one of the richest men in Nigeria.
Under his leadership, the company established the standard for trade and later manufacturing growth in the region and country. As of 2023, Cletus is supposed to have a net worth of $3.8 billion.
5. Mike Adenuga
Mike Adenuge is the fifth richest person in Africa as well as in Nigeria. He is a businessman who owns Globacom, the second-largest telecom provider in Nigeria. He is a shareholder in the Equitorial Trust Bank and Conoil. He is supposed to have an estimated net worth of $5.7 billion.
Mike Adenuga is a graduate of Business Administration from Pace University and also from Northwestern Oklahoma State University.
4. Arthur Eze
Arthur Eze is a Nigerian Philanthropist and businessman who serves as the CEO of the Atlas Oranto Oil group. He founded Triax airlines in 1992 which is based in Enugu Airport. But this airline stopped working in 2000.
Apart from being a businessman, Arthur Eze is an active politician in Nigeria. he is supposed to have a net worth of $5.8 billion. Eze is born into a royal family and so he is popularly known as ‘Prince Arthur Eze.’
3. Alafaa Kariboye-Igbo
Alafaaa Kariboye-Igbo also known as Oil Money in Nigeria is a businessman who is considered one of the top 5 richest Nigerians. His net worth is thought to be $6.1 billion.
Being one of the Young wealthiest men in Nigeria, he is mostly interested in the music industry of Nigeria. Even though Alaafa Karibye was born and raised in Nigeria, he is currently based in the United Kingdom.
2. Abdusalam Rabiu
Abdusalam Rabiu is one of the top richest people in Nigeria who took the 67th position in the list of wealthiest people in the world. He is the founder of BUA Group which was established in 1988.
The Nigerian Oil Mills Limited and a majority stake in the Cement Company of Northern Nigeria were acquired by the BUA Group in the past.
Abdusalam Rabiu has been contributing a major share of his wealth to society through his charity organization BUA foundation.
He pursued his graduation from the Capital University in Columbus and later came back to Nigeria to take over the family business. He is said to have an estimated net worth of $7.9 billion.
1. Aliko Dangote
Aliko Dangote is the topmost richest person in Nigeria and is said to have an estimated net worth of $18.7 billion. He is the Dangote group’s founder and CEO. He is one of the top richest black people in the world as well as in Africa.
Even though he was born into a wealthy family, Dangote founded his own company in 1977 without taking advantage of his family’s wealth.
He secured the first spot in the list of the wealthiest men in Nigeria.
He began the Dangote Group in 1977 as a small business but later Africa witnessed the company’s growth as one of the nation’s largest conglomerates.
Apart from being a great investor in Nigeria, he has investments in various businesses in countries like Ghana, Cameroon, South Africa, Tanzania, Ethiopia, Senegal, and Togo.
Aliko Dangote is a graduate in business studies which he pursued from the Al-Azhar University, Cairo.