Consolidated Oil was the first indigenous company to strike oil in commercial quantities. dont mind him, you get good insight bro! Mohammed Indimi has made a decent part of his $500 million net worth from oil. Alakija is the vice chair of Nigerian oil . On the list and in second place, according to the Al-Iqtissadi site, is Brazilian businessman Joseph Safra, 80, who comes from a Syrian family, with a value of 25.2 billion dollars, making him the richest banker in the world. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa. He is the chairman of Prince luxury group and founder of Prince omoha foundation. In 1995, Xin and her husband founded property development company SOHO China. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. In the late 1980s he started his casino business and began to make serious money. The following is a list of Nigerian billionaires. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. In 2016, the company recorded annual revenue of annual $57.71 million. He has a net worth of $2.7 billion (2.1bn) and is the 887th richest person in the world. Name Citizenship Net worth Sources of wealth . A post shared by Blindspotng (@blindspotng). Ellison moved to Chicago with his adoptive parents where he attended school. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. But Peterffy's story of success is nothing short of extraordinary. For Schultz, it was crucial to build a company with soul. Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. He is the founder of SIFAX Group of Companies. This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. The septuagenarian oil tycoon said: "It just grabbed my imagination that anybody could find this hidden, ancient wealth and it was yours." What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? Now discover the college droputs who became billionaires. The 39-year-old man is known for his luxurious lifestyle. In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. He is the son of popular Senior Advocate of Nigeria, Femi Falana. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. All Rights Reserved. Ambrose Bryant Chukwueloka Orjiako, popularly known as ABC Orjiako, is the chairman and co-founder of SEPLAT, one of Nigerias largest petroleum development companies. The popular Ibeto Hotels is one of his business interests. Tony Rex Idaminabo. Bryant Orjiako popularly known as ABC Orjiako had an interesting career path prior to becoming a billionaire. You've been added to our mailing list. With a net worth estimated to be $650 million, Obafoluke Otudeko is a Chartered Banker, Chartered accountant, and Chartered Secretary by profession. Emmanuel Ojei is the chairman of Nuel Ojei Holding Limited. 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. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Abdusalams company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. He has an estimated net worth of $1 billion. Xin went on to study at both Sussex and Cambridge universities before landing a job at Goldman Sachs, where she worked in floating Chinese factories on the public stock exchange. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. On "second base," households wealthy enough to run a business big enough to generate inheritances over $1 million, the new UFE study found another 11.5 percent. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. 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. Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. He is an economist, entrepreneur and philanthropist. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Danjuma had a very humble beginning. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. The pair moved to the US from South Korea in 1981 with not much more than a high school education. He has also won a handful of awards which include Commander of the Order of Niger (CON) 2012, Africas 55 wealthiest People by Venture Capital (2014), Forbes Most Prominent Naira Billionaire from Nnewi (2017), A post shared by SIR EMEKA OFFOR (@sir_emeka_offor). Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? In 1963 the Frenchman went on to start Kering (formerly PPR), which made wood and building materials. Amancio Ortega has a mammoth net worth of $70 billion (55bn) and is the sixth richest person in the world. When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. According to Forbes, he's also the richest black person in the world . Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. Orji Uzor Kalu owns a foundation that provides scholarships for undergraduates and anti-malaria treatments to his community. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. (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, The company was founded in 1991. Jimoh Ibrahim - $1.1 billion. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. His humanitarian services have also gone ahead to earn him some prestigious awards. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. Aliko Dangote is currently worth over $12.5 billion. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. FORBES counts only two female billionaires in Africa: Angola's Isabel dos Santos - Africa's richest woman with a $3.2 billion fortune, and Nigeria's Alakija. Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil. While we believe there are several more Nigerians that would rank among the richest men in Nigeria today, weve discovered that just a few have made the Forbes or Bloombergs list, the reason being that companies like Forbes and Bloomberg estimate the wealth of individuals and usually rank them based on the value of shares they have in quoted companies (i.e., companies listed on the stock exchange). In 2016, MIF sponsored many northern students to study at the International African University of Sudan. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. By 32 years-old, Winfrey was a millionaire. No less than 10 African countries boast billionaires, the report says. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. Nigeria: 1.0 Billion: Foods 2014. Most of their Diasporas are engage in b Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. 1. Pinault eventually dropped out, yet this didnt affect his business smarts. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. Ever the grafter, Bisciotti had part-time jobs mowing lawns, babysitting and and pumping gas throughout his teens before going off to college at nearby Salisbury State University. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia and he is certainly the richest, worth $33.1 billion (25.82bn). His investments include Heir Holdings, the United Bank for Africa and the Transcorp. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. Block that contains the Aje offshore field in Columbus, Ohio in the Ali Must riots... African countries boast billionaires, the report says the foundation currently partners with 50 NGOs throughout Nigeria achieve. Adoptive parents where he attended school as a second lieutenant to become a conglomerate worth nigerian billionaires from poor backgrounds $ billion... Ahead to earn him some prestigious awards Senior Advocate of Nigeria, Femi Falana Adebayo,. 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