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Top 10 Richest Men in Nigeria 2020

Top 10 Richest Men in Nigeria 2020

Nigeria is ranked as the second country with the highest number of billionaires in dollars alongside Morocco in the continent of Africa.

Another interesting fact is that two Nigerians occupy the first and the second position of the richest men in Africa and they account for 35.57 per cent of the top ten billionaires’ net worth. The list below is a compilation of the richest men in Nigeria.

Richest Man in Nigeria
Aliko Dangote

Richest Men in Nigeria

1. Aliko Dangote

State of origin: Kano State
Source of wealth: Cement, Sugar, Flour
Net Worth: $ 10.3 billion

The number one on our list of the top ten richest men is the Chairman and CEO of Dangote group. Born on 10 April 1957, Aliko Dangote’s worth of $10.33 billion makes him the richest man in Africa, and the Richest black man in the World.

2. Mike Adenuga

State of origin: Oyo state
Source of wealth: Telecom and oil
Net Worth: $ 8.9 billion

Second to Aliko Dangote, both in Nigeria and Africa, Mike Adenuga has a net worth of $8.9 billion. He is the owner of the third mobile network in Nigeria (Globacom), which has 43 million subscribers and the chairman of Conoil.

3. Abdulsamad Rabiu

State of origin: Kano State
Source of wealth: Cement, sugar
Net Worth: $ 1.6 billion

Abdulsamad Rabiu is the founder of the BUA group, which is often described as a conglomerate that is active in cement production, sugar refining, and real estate. The Capital University alumnus is the chairman of the Nigerian Bank of industry.

4. Folorunsho Alakija

State of origin: Lagos State
Source of wealth: Fashion, Oil. Real estate
Net Worth: $ 1.1billion

Folorunsho Alakija is one of the two richest women in Africa according to the Forbes list. Born on 15 July 1951, she is the group managing director of the rose of Sharon Prints and promotions limited, Digital Reality Prints Limited, and the executive vice-chairman of Famfa Oil.

5. Jimoh Ibrahim

State of origin: Ondo State
Source of wealth: Diversified
Net Worth: $ 1.1billion

The group chairman who is an alma mater of Obafemi Awolowo University, Harvard University and Cambridge University is the Group Chairman and Chief executive officer of Global Fleet Group, which is a diversified conglomerate based in Nigeria.

6. Pascal Uzoma Dozie

State of origin: Imo state
Source of wealth: Banking and Finance
Net Worth: $ 1.billion

Regarded as tech-savvy investors and financial inclusion advocate by Wikipedia, Pascal Dozie is the founder of Sparkle, a Fintech company. Prior to the launch of Sparkle in 2019, he was the GMD and CEO of Diamond Bank from 2014.

During his time as the CEO and GMD of Diamond bank, he served as Executive director of Corporate Banking and Executive Director of Regional Business Lagos and West Regions.

7. Jim James Ovia

State of origin: Delta State
Source of wealth: Banking, telecommunication
Net Worth: $980 million

Jim Ovia is one of the top businessmen in Nigeria. He is the founder of Zenith Bank, Visafone Communications Limited and the chairman of the Nigerian Software Development Initiative (NSDI) National Information Technology Advisory Council (NITAC), and Cyberspace Network Limited.

8. Tony Elumelu

State of origin: Delta state
Source of wealth: Diversified
Net Worth: Between $700-800million

Popularly known for his foundation, Tony Elumelu Foundation, Tony Elumelu was the chairman of United Bank of Africa (UBA), and the current chairman of Heirs Holdings, and Transcorp.

Born in Jos Plateau State in Nigeria, Tony Elumelu has two degrees in economics from Nigerian universities, a bachelor degree from Ambrose Ali University, and a Master of Science degree from the University of Lagos.

9. Orji Uzor Kalu

State of origin: Abia State
Source of wealth: Diversified
Net Worth: Between $400-600million

In 2015, Orji Uzor Kalu had an estimated net worth of $330 million dollars according to Forbes and on the previous year, he had a net worth of $ 1 billion. Forbes attributed this decline to a fall in real estate prices and weakness in oil prices.

The former Governor of Abia state is the founder of SLOK Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. He is the chairman of SLOK holding, Daily Sun, First International Bank Limited, and New telegraph.

10. Femi Otedola

State of origin: Oyo sate
Source of wealth: Oil, Shipping, Real estate
Net Worth: Between $ 400-600million

Born on the 4th of November 1962, Femi Otedola is considered as a businessman and philanthropist. The son of the former governor of Lagos state Michael Otedola (former governor of Lagos state) is the founder of Zenom Petroleum and Gas Ltd and the chairman of Forte Oil Plc.


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