We are happy to share with you the list of the top 10 richest People in Nigeria, including their sources of wealth.
According to All Africa, Nigeria, the giant of Africa is the richest country in Africa with an enormous GDP of $446.5 billion.
Nigeria is a country blessed with natural resources and has an agricultural advantage due to its green and fertile lands.
Oil as a natural resource in Nigeria is one of the major key sources which generates huge revenue for the country.
It should be no surprise that the richest man in Africa on Forbes’ list hails from Nigeria.
Concerning this list of the top 10 richest people in Nigeria 2023 that we have deeply compiled; you would adequately find out about the richest people in Nigeria, their net worth and their sources of wealth.
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List of the Top 10 Richest People in Nigeria 2023
- Aliko Dangote – Net Worth of $14.7 Billion
- Mike Adenuga – Net Worth of $7.2 Billion
- Abdul Samad Rabiu – Net Worth of $6.8 Billion
- Arthur Eze – Net Worth of $5 Billion
- Cletus Ibeto – Net Worth of $3.8 Billion
- Femi Otedeola – Net Worth of $1.8 Billion
- Folorunsho Alakija – Net Worth of $1.3 Billion
- Pascal Gabriel Dozie – Net Worth of $1.1 Billion
- Jimoh Ibrahim – Net Worth of $1.05 Billion
- Orji Uzor Kalu – Net Worth of $1 Billion
Here is the detailed list of the 10 richest people in Nigeria in 2023, their net worth, and their sources of wealth in descending order of arrangement.
10. Orji Uzor Kalu – Net worth ($1 Billion)
Orji Uzor Kalu is a businessman and a popular politician in Nigeria. He has an estimated net worth of $1 billion, making him one of the richest people in Nigeria.
He was born on April 21, 1960, in Abia State, Nigeria. Orji Uzor Kalu was once the Governor of Abia State, Nigeria and he served in office from 1999 to 2007.
Orji completed his secondary school education at Barewa College, Zaria, and graduated from the University of Maiduguri with a degree in political science.
Orji Uzor Kalu’s Source of Wealth
Orji Uzor Kalu is a businessman in Nigeria and has a series of investments across the country.
He is the chairman of two big newspaper companies in Nigeria namely; the Daily Sun and New Telegraph Newspapers.
Orji Uzor Kalu is also the CEO and chairman of SLOK Holding; a company that holds interests across Africa in oil & gas, real estate, banking and finance, media and publishing, tourism, trading, insurance, and so on.
9. Jimoh Ibrahim – Net worth ($1.05 Billion)
Jimoh Ibrahim is one of the richest men in Nigeria and has an estimated net worth of $1.05 billion.
He is a businessman, philanthropist, and a Nigerian lawyer. Jimoh Ibrahim was born in Ondo State, Nigeria on February 24, 1967.
Ibrahim Jimoh graduated from Obafemi Awolowo University with a degree in Law (LLB) and obtained another degree of Master of Public Administration (MPA) in the same OAU.
He didn’t stop there, he traveled overseas to study Law and International Taxation in Harvard University in Cambridge, Massachusetts, United States of America.
Jimoh Ibrahim’s Source of Wealth
Jimoh Ibrahim is the CEO and chairman of Global Fleet Group; a conglomerate located in Nigeria and widely, West Africa.
Global Fleet group is a multi-industry company in Nigeria which has interests across different sectors in Africa.
Jimoh Ibrahim’s company has other investments in areas of oil & gas, banking, insurance, real estate, publishing, hotels, resorts, magazines and airline.
8. Pascal Gabriel Dozie – Net worth ($1.1 Billion)
Pascal Gabriel Dozie’s net worth has been estimated to be $1.1 billion. He is widely regarded as one of the wealthiest people in Nigeria.
He is a Nigerian businessman and entrepreneur who founded Diamond Bank Plc. Pascal Gabriel Dozie was born on April 9, 1939, in Owerri State, Nigeria.
Pascal Gabriel Dozie attended Holy Ghost College for his senior secondary school education and later obtained a BSc in Economics when he studied at The London School of Economics located in London.
Pascal Gabriel Doozies’s Source of Wealth
Pascal Gabriel Dozie was the CEO and founder of Diamond Bank Plc; a former Nigerian bank that was merged with Access Bank Plc. Owning a bank in Nigeria is really a great source of wealth.
Another Pascal’s source of income is the Pan-Atlantic University where he is portrayed as the founder and CEO.
Pascal Gabriel Dozie also owns shares in the MTN Group and was a former member of the board of directors of the Group.
7. Folorunsho Alakija – Net worth ($1.3 Billion)
Folorunsho Alakija is the only Nigerian female billionaire on this list of the top 10 richest people in Nigeria.
She is a Nigerian businesswoman, Philanthropist, and entrepreneur. Folorunsho Alakija was born on July 15, 1951, in Ikorodu, Lagos State, Nigeria.
Folorunsho Alakija once made it to Forbes’ list of the richest people in Africa but eventually dropped the following year.
She completed her secondary school education at Muslim High School located in Sagamu, Ogun State, Nigeria, and graduated at Pitman’s Central College, London where she undertook her secretarial studies.
Folorunsho Alakija’s Source of Wealth
Folorunsho Alakija is the vice-chair of Famfa Oil Limited; a large Nigerian oil exploration company.
She is actively involved in Fashion as she is the managing director of the Rose of Sharon Group, also known as the Rose of Sharon House of Fashion.
The Rose of Sharon Group consists of the Rose of Sharon Digital Prints Limited and Prints & Promotion Limited.
Folorunsho Alajika’s main sources of income include; oil & gas, printing industries, real estate, and fashion.
6. Femi Otedola – ($1.8 billion)
Femi Otedola has a net worth of $1.8 billion and he is listed among the richest billionaires in Nigeria.
He was born on November 4, 1962, in Ibadan, Oyo State, Nigeria. Femi Otedola is a businessperson, an investor, and a philanthropist.
Femi Otedola is the father of famous fashion blogger, Temi Otedola and the popular Nigerian female Disc jockey called DJ Cuppy and whose real name is Florence Otedeola.
He completed his secondary education at Olivet Baptist High School and graduated from Obafemi Awolowo University, one of the best universities in Nigeria.
Femi Otedola’s Source of Wealth
Femi Otedola is the founder and CEO of Zenon Petroleum Limited, a fuel retail company. He was the former chairman of Forte Oil Petroleum Limited.
He sold Forte Oil plc in 2019 with the intention to divulge from oil sector to power, following the creation of Geregu Power Plc.
Femi Otedola is also into fuel products shipping, real estate and Finance.
5. Cletus Ibeto – Net Worth ($3.8 Billion)
Cletus Ibeto’s net worth has been estimated to be $3.8 billion, making him one of the wealthiest people in Nigeria.
He was born on November 6, 1952 in Nnewi city, Anambra State, Nigeria.
Cletus Ibeto is a Nigerian Business magnate and entrepreneur that founded the Ibeto Group.
He graduated with a degree in Accountancy from the University of Nigeria, Nsukka.
Cletus Ibeto’s Source of Wealth
Dr. Cletus Ibeto is the CEO and founder of the IBETO GROUP; a company that trades automotive spare parts and as well manufactures cements in Nigeria.
So far, the Ibeto Group is regarded as one of the largest automotive spare parts dealers in Nigeria.
He also established the Ibeto Petrochemical industries limited which produces petroleum products for both municipal and international markets.
4. Arthur Eze – Net Worth ($5 Billion)
Prince Arthur Eze is one of the richest people in Nigeria with an estimated net worth of about $5 billion (USD).
He is a philanthropist, politician, and one of the business moguls in Nigeria that are into oil and gas production.
Arthur Eze was born in Anambra State, Nigeria on November 27, 1948. He completed his tertiary education at California State University with a degree in Mechanical and Chemical Engineering.
Arthur Eze’s Source of Wealth
Prince Arthur Eze is the CEO and founder of Atlas Oranto Petroleum.
Arthur’s company, Atlas Oranto Petroleum is currently Nigeria’s largest privately owned Oil Company as it was said to also have about 22 oil and gas licenses in various regions of Africa.
He also founded a domestic airline that operated between 1992 and 2000; which was called “Triax Airlines”.
Arthur Eze is also a politician and has been actively involved in the politics of Anambra State over the years.
3. Abdul Samad Rabiu – Net Worth ($6.8 Billion)
Abdul Samad Rabiu is a wealthy businessman in Nigeria and also regarded as a philanthropist.
He was born on August 4, 1960, in Kano State, Nigeria. Abdul Samad Rabiu is one of the richest men in Nigeria and his estimated net worth is valued at $6.8 billion.
Abdul Samad Rabiu is also one of the richest people in Nigeria to appear on Forbes’ top 20 list of richest people in Africa.
He graduated from Capital University in Columbus, Ohio, United States of America.
Abdul Samad Rabiu’s Source of Wealth
Abdul Samad Rabiu is the Chairman and owner of the BUA Group, a Nigerian multi-industrial company that actively involves in manufacturing, agriculture, and infrastructure.
The BUA Company is a billionaire company that generates a revenue of over $2.5 billion every year.
Abdul Samad Rabiu’s company “BUA Group” is divided into categories and these categories include; BUA sugar, BUA oils, BUA ports & terminals, BUA cement, and BUA estates.
With these categories, we can conclude that the BUA Group refines and processes food products like sugar, rice, cooking oils, and flour. Also, the group distributes iron & steel, cement, and industrial chemicals and partakes in the real estate business.
Related: Richest Yoruba Men in Nigeria.
2. Mike Adenuga – ($7.2 billion)
Mike Adeniyi Adenuga is one of the richest people in Nigeria and his net worth is currently estimated at $7.2 billion.
He was born on April 29, 1953, in Ibadan, Oyo State, Nigeria to the family of Michael Agbolade Adenuga Sr. and Juliana Oyindamola Adenuga.
Mike Adenuga, one of the top 10 richest men in Africa is a successful business magnate and a popular philanthropist.
He is the owner of Globacom, the 2nd largest telecom operator in Nigeria.
Chief Mike Adeniyi Adenuga attended Ibadan Grammar School for his secondary education and Pace University for his tertiary education.
Mike Adenuga’s Source of Wealth
There are few telecommunication operators in Nigeria, out of which Mike Adenuga owns the second-largest, known as Globacom.
Not only that, his fortune is also built in Oil and Gas production; Mike Adenuga is the Chairman of Conoil, a popular oil company in Nigeria.
Telecom and Oil & gas production can be regarded as Mike Adenuga’s main source of wealth, which is of no surprise that he is the second richest man in Nigeria.
1. Aliko Dangote – ($14.7 billion)
Aliko Dangote is the richest person in Nigeria with a mouthwatering net worth of $14.7 billion.
He was born in Kano State, Nigeria on April 10, 1957. Aliko Dangote is a popular business mogul who is widely known as the founder and CEO of “The Dangote Group”.
Aliko Dangote was born with a silver spoon, particularly in to the Dantata and Dangote families, making him the great-grandson of the then richest West African, named Alhassan Dantata.
Aliko Dangote’s source of wealth
Dangote is the founder of “The Dangote Group” which was originally created in 1977 as a small trading company. Today, this company is one of the largest companies in Africa.
Dangote Industrial group is divided into Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Basically, it produces Cement, sugar, and flour.
The company is also an exporter of cashew nuts, sesame seeds, cotton, ginger, and cocoa.
Aliko Dangote’s other investments include; real estate, oil & gas, transport, banking, textiles, and so on.
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