He also donated N80 million to the faculty of Agriculture at the University of Port-Harcourt. Its a true revelation. Nigerians' anger and frustration are deservedly directed to their government. For Schultz, it was crucial to build a company with soul. (2131 Views) 9 Silent Nigerian Billionaires Who Keep Their Wealth On A Low Key (photos) / 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy (pics) / Nigeria's Top 50 Richest Billionaires (1) ( Reply) (Go Down) 15 Billionaires Who Were Born Poor by zeekz ( m ): 8:43am On Jan 05, 2014 Wealth tends to create more wealth, Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. 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. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. The family moved to Baltimore when he was one. After graduating he got a job in sales at Xerox and later became manager of US operations at Hammerplast. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). Mr Idaminabo founded the African Achievers Awards. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. 5. He is a multi talented artist that sings, rap and acts. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. He is the founder and CEO of Nigerian Finder.com. In the banking industry, he was known for his role in the acquisition of Standard Trust Bank and catapulting them to become one of the top banks in the country. He worked as a bartender and even sold blood throughout college. Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). 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. In 2014 also, he was awarded the African Business Executive of the Year by the Oil and Gas Council. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. The 85 year-old owns two newspapers and donated $25 million (19.6m) to Donald Trump's 2016 presidential campaign, reportedly making him the largest single donor in the presidential election. That a Nigerian billionaire and his . He owns several hotels across Nigeria under the Ibeto Hospitality brand. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. With a 39% stake in the company, Ellison soon became a billionaire. He started as a rapper in secondary school. David Adedeji Adeleke, popularly known as Davido is singer and songwriter. Destroyed or . Abdulsamad Rabiu was named Africas newest billionaire in Forbes November 2013 issue. America will have more Black Presidents. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). 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. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. By the 1970s he had saved up enough money to buy a seat on the New York Stock Exchange, working on the electronic trading of securities. The following is a list of Nigerian billionaires. Hakeem Belo-Osagie also holds an M.A. Forte said its shares rose in 2014 due to new investments in power generation and distribution. She also has investments in real estate which is said to be worth over $100 million. 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. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. An oil and gas dealing firm. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Net worth: $1.2 billion. But Nigeria leads the way with 20, more than twice as many as any other nation here. The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. He was later signed by Starboy Entertainment in 2013. His sojourn in business started when he successful ran the familys printing business in the 1980s. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. A post shared by Espact | Business Plan | Tech (@espactonline). Source: Oil. Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. Belo-Osagie has been involved in oil, finance and telecommunications industry. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. In the late 1980s he started his casino business and began to make serious money. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. At that time he traded palm oil which he bought from the South East and sold to the market in the North. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. A post shared by Emmanuel Ojei (@ojeiemmanuel). Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. The pair moved to the US from South Korea in 1981 with not much more than a high school education. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. Top 20 Richest Men in Nigeria (2023, Forbes), Top 10 Richest Farmers in Nigeria in 2022, Top 10 Richest Civil Engineers in Nigeria in 2022, Top 10 Richest Lawyers in Nigeria in 2022, Top 10 Richest Businessmen in Nigeria in 2022, Top 10 Richest Politicians in Nigeria in 2022, Top 10 Richest Celebrities in Nigeria in 2022, Top 10 Richest Bloggers in Nigeria in 2022, Top 5 Richest Senators in Nigeria in 2022, Top 5 Richest Hausa Men in Nigeria in 2022, Who Is the Richest Pastor in the World? His humanitarian services have also gone ahead to earn him some prestigious awards. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. The company was founded in 1991. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. In this post, well take a look at the 20 richest individuals in the country. In search of the American dream he emigrated to New York when he was 21 with no English and no money. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. Billionaires and millionaires in the US include people from all over the world. In 2019 they plan to open a museum in France. 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. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. Get the latest money-saving tips, expert strategies for boosting your wealth and generally-useful financial info sent straight to your inbox by entering your email address below. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. He subsequently ventured into politics, serving as a Minister of Defense under President Olusegun Obasanjo. Reinvested, the profits from her show add up to nearly $2 billion (1.56bn). A post shared by Senator Orji Uzor Kalu (@oukgram). Unless you are very strong and convinced you can succeed, you will be swept away.". L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. 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. He only discovered he was adopted when he was 12 and did not see his biological mother again until he was 48. In 2009 Koum co-founded real-time messaging app WhatsApp. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. She got a job at a fish and chip shop to stay afloat. Crucial to build a company with soul all figures are in US dollars job in sales at Xerox later. Signed by Starboy Entertainment in 2013 in 1999 Pinault changed the direction of the in! 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