Nigeria’s wealthiest men in 2024 are men of distinction and caliber. They serve on the boards of numerous high-profile multinational corporations in Nigeria and abroad and own multi million dollar conglomerates.
- Aliko Dangote
Net worth: ($15 billion)
With a $14 billion net worth, Aliko Dangote is indeed the wealthiest person in Nigeria and all of Africa according to the 2022 Forbes List. There is no justification for his position at the top of the list of the ten richest men in Nigeria.
Dangote, who was born 62 years ago, earned a Bachelor of Arts and Science from Egypt’s Al-Azhar University. His main sources of income are cement and sugar, which are used to make food and construction materials. Products from his business include cement, sugar, flour, salt, and dangote pasta. These investors have sizable shares in each of these publicly traded companies on the Nigerian Stock Exchange.
With a $15 billion net worth, Aliko Dangote is the wealthiest person in Nigeria and all of Africa according to the 2024 Forbes List. There is no justification for his position at the top of the list of the ten richest men in Africa.
85% of the shares in Dangote Cement, a public liability corporation, are owned by his holding firm. The annual production of cement by this corporation, which has operations in eleven African nations, is 45.6 million metric tons.
He began building the Dangote Refinery three years ago in an effort to end Nigeria’s ongoing gasoline shortage. It will be the biggest oil refineries in the world when it is finished. His net worth will significantly increase as a result of this.
- Mike Adenuga
Net worth: ($7.9 billion)
Mike Adenuga is the second person here on list of the ten richest men in Nigeria. Forbes estimates his net worth at $7.9 billion, but as of April 4, 2020, his actual net worth is estimated to be $5.5 billion.
The CEO of Globacom, Nigeria’s second-largest telecom company after MTN, is Mike Adenuga. Benin, Ivory Coast, and Ghana are more countries where Globacom operates. He is a shareholder in the Equitorial Trust Bank and Conoil, an oil exploration company (formerly Consolidated Oil Company). He became wealthy in the oil and telecoms industries.
- Femi Otedola
Net worth: ($5.9 billion)
The very next man Nigerian hip-hop singers frequently utilize as a metaphor of how affluent they desire to be after Dangote is Femi Otedola. On the list of the top 10 richest men in Africa in 2024, he comes in third.
Femi Otedola has a mouthwatering net value of $5.9 billion, so he is undoubtedly affluent. Femi Otedola, a well-known CEO, businessman, and philanthropist, was born on November 4, 1962, in Ibadan. He is the father of DJ Cuppy, a well-known disc jockey in Nigeria.
- Arthur Eze
Net worth: ($5 billion)
Arthur Eze, whose net worth is $5 billion, ranks fourth among top ten richest men in Nigeria. He is the proprietor of Atlas Oranto Petroleum and a member of a royal family in Nigeria’s Anambra State.
- Abdulsamad Rabiu
Net worth: ($3.7 billion)
Abdul Samad Rabiu is a well-known industrialist, billionaire, and businessman from Nigeria who specializes in trading commodities. He is the founder and CEO of the Nigerian conglomerate BUA Group, which has interests in manufacturing, logistics, port operations, agriculture, and infrastructure.
Worth of Abdul Samad Rabiu: The enormous $3.7 billion is the estimated value of Abdulsamad Rabiu’s net worth.
His father, a successful businessman, left Rabiu a sizable amount of land in his bequest. In 1988, Rabiu began his own business by shipping iron, steel, and chemicals while studying at Capital University in Ohio, the United States.
In addition to purchasing Nigeria Oil Mills, Abdulsamad Rabiu is the largest shareholder of BUA PLC, a publicly traded business. He now owns 98.5% of the shares in the BUA PLC following the merger of his private company, Obu, and the Cement Company of Northern Nigeria.
- Cletus Ibeto
Net worth: ($3.5 billion)
Cletus Ibeto is listed as the sixth richest man in Africa in 2024 on our list. Cletus Ibeto has come a long way from his humble beginnings as a motor parts merchant to become one of Nigeria’s richest men.
He is a multibillionaire and the owner of The IBETO Group, one of the biggest conglomerates. The IBETO Group, whose chairman and founder is Cletus Ibeto, engages in property investment, banking, finance, cement manufacturing, automotive coupling, petrochemicals, etc.
- Orji Uzor Kalu
Net worth: ($3.2 billion)
A politician, businessman, and entrepreneur from Nigeria is named Orji Uzor Kalu. Among the list of the ten wealthiest men in Nigeria, he comes in at number seven.
Furthermore, Orji Kalu is the publisher of the Daily Sun and New Telegraph newspapers in Nigeria as well as the chairman and founder of SLOK Holding. In addition, he presided over Abia state as its executive governor from May 29, 1999, until May 29, 2007.
Orji Uzor Kalu is undoubtedly a wildly wealthy man with a net worth estimated at $3.2 billion.
- ABC Orjiakor
Net worth: ($1.2 billion)
The industry of oil and gas is where ABC Orjiakor gained his riches. In Nigeria, an unaffiliated gas and oil firm called SEPLAT has him as its chairman and co-founder. At the National Orthopedic Hospital and Lagos Teaching Hospital, he has previously held the positions of orthopedic and trauma surgeon.
ABC ORJIAKOR’S WEALTH: ABC Orjiakor, one of Nigeria’s wealthiest men, is thought to be worth $1.2 billion.
9. Tony Elumelu
Net worth: ($1.19 billion)
Tony Elumelu is the last person listed among the top ten richest persons in Nigeria in 2024. In Nigeria, he enjoys a high level of respect, especially from young people and business owners.
He founded the Tony Elumelu Foundation and serves as chairman of Transcorp, Heirs Holdings, and the United Bank for Africa. An economist, philanthropist, and businessman, Tony Elumelu.
Elumelu received his economics training from the former Bendel State University Ekpoma and is a Harvard Business School alumnus.
At the now defunct Allstates Trust Bank, which was run by Ebitimi Banigo, he began his banking career and worked his way up. Later, in 2005, he oversaw a group that bought the former Standard Trust Bank and combined it with UBA.
10. Jimoh Ibrahim
Net worth: ( $900 million)
Jimoh Ibrahim is next on the list of the ten richest men in Nigeria. He is yet another wealthy businessman in Nigeria to be taken seriously. On February 24, 1967, he was born in a small Ondo State village to a local fish vendor mother and a bricklayer father.
The CEO of Global Fleet Group is Jimoh Ibrahim. Additionally, he holds the position of director at the prominent Nicon group, which has a variety of subsidiaries. Nicon Academy, Nicon Airways, Nicon Energy, Nicon Hotels, Nicon Insurance, Nicon Investment, Nicon PFA, Nicon properties, Nicon Trustee, Nicon United Kingdom, and Nicon Sao Tome are some of them.
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