Find out the top 10 Richest Entrepreneurs in Nigeria from this post.
Who is an entrepreneur?
An entrepreneur is someone who makes a fortune from operating his/her own business, regardless of the financial risks involved.
Today, we have so many Entrepreneurs in Nigeria, that we cannot count them all.
However, we are going to review the top ten of the richest Entrepreneurs in Nigeria.
These are the richest people in the field and they have made so much cash from their entrepreneurial skills.
Top 10 Richest Entrepreneurs In Nigeria 2021
Find below the list of 10 Richest Entrepreneurs here in Nigeria.
1. Aliko Dangote
- Line of Business: Manufacturing
Aliko Dangote has been the richest entrepreneur in Nigeria for close to a decade now.
He is the founder of the Dangote Group.
As a businessman, he owns several factories and refineries all across Africa.
Aside from manufacturing products like cement, noodles, sugar, and others, Dangote is also into the oil and gas industry in Nigeria.
He is one of the most influential Entrepreneurs in the whole of Africa today.
With a net worth of $9.2 Billion, he is the richest entrepreneur in the country.
Also Read: Top 25 Richest People In Africa
2. Mike Adenuga
- Line of Business: Telecommunications
The second richest entrepreneur in Nigeria is Mike Adenuga and the younger brother of the popular Wale Adenuga of WAP TV.
He is a successful Nigerian entrepreneur who was born in April 1953.
In addition to that, he is the founder of the second largest telecom company in Nigeria (Glo).
Today, they have a strong presence all over Africa.
Aside from being a very successful entrepreneur in the telecommunications industry.
Mike Adenuga is also the CEO of Conoil (A major oil company in Nigeria).
He is currently worth $7.7 Billion, thus making him the second richest entrepreneur in Nigeria.
3. Abdusalamad Rabiu
- Line of Business: Manufacturing
Abdusalamad is a big Nigerian entrepreneur who was born in 1960.
He is a diverse businessman like Aliko Dangote, who is into different fields.
He is the chairman and founder of BUA Group.
This company is into the production of products like cement, sugar, and many more.
Aside from manufacturing, he is also into the agricultural sector, real estate, and more.
He is currently estimated to worth $3.1 Billion.
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4. Femi Otedola
- Line of Business: Oil & Gas
The popular Nigerian-born entrepreneur Femi Otedola is a big name in the business world today.
However, he is the chairman of the famous Forte Oil, and also the founder of Zenon Petroleum.
In addition, to that, he owes most of his fame to his daughter DJ Cuppy, who is a famous Nigerian musician and Disk Jockey.
He is currently the number 3 richest entrepreneur in Nigeria, with a net worth of $1.8 Billion.
5. Folorunsho Alakija
- Line of Business: Real Estate, Oil & Gas, Fashion
Folorunsho is a diverse entrepreneur who is into different fields of business.
She is into the real estate sector, Oil, fashion, and more.
However, Folorunsho owns a big share of the Dayspring Property Dev Company.
She is ranked as one of the richest women in Africa as a whole.
With a net worth of $1.2 Billion, she is the 5th richest entrepreneur we have in the country today.
6. Uzoma Dozie
- Line of Business: Banking & Tech
Uzoma Dozie is the founder of the tech company Called Sparkle.
Before he launched this company, he was the GMD of Diamond Bank.
He was responsible for their successful merger with the famous Access Bank.
This took place back in 2018.
Today, Uzoma is one of the biggest Entrepreneurs in the country, and he seems to be growing at a very fast rate.
With a current net worth of $1.1 Billion, he is currently the 6th richest entrepreneur in Nigeria today.
Also Read: Richest People in Nigeria 2020: Top 20
7. Orji Uzor Kalu
- Line of business: Trading, transportation, etc.
Aside from being a very successful entrepreneur, Orji Uzor Kalu is also a one-time governor of Abia state.
He became an entrepreneur very early in life when he was just 19.
Then, he was said to have borrowed money from his mum.
He used this as a capital to start rice and palm oil trading.
When he was 20, Uzor was already a young millionaire entrepreneur who was into transportation and furniture making.
Today, he is the CEO of SLOK Holdings.
His company is into different sectors like shipping, oil trading, and more.
He was even a university drop out, who was expelled due to active participation in school riots and other controversies.
Today, he is the 7th richest entrepreneur in Nigeria, with a net worth of $1.1 Billion.
8. Jimoh Ibrahim
Jimoh Ibrahim is another Nigerian entrepreneur who has made a lot of fortune from the line.
He is the founder of Global Fleet Group.
His company has so many subsidiaries that operate in different parts of Africa.
Aside from being a businessman, he is also a lawyer, and a philanthropist.
Today, he is one of the richest Entrepreneurs in Nigeria with a net worth of $1 Billion.
9. Tony Elumelu
- Line of business: Banking & Finance, Real Estate, agriculture, etc.
Tony Elumelu is currently one of the richest Entrepreneurs in Nigeria today.
Born in March 1963, Rony is currently the chairman of UBA, and also the CEO of the Tony Elumelu Foundation.
Tony is a very creative entrepreneur who owns several investments across different sectors in the business world.
However, he is well known as a graduate of the famous Harvard Business School.
In addition to that, he is also a member of an Advisory Committee in an initiative by the United Nations.
Moreover, he expanded the United Bank of Africa to so many African countries, thus making it a continental Bank.
Today, he has a net worth of $1 Billion, making him one of the richest entrepreneurs in the country.
10. Theophilus Danjuma
- Line of business: Oil & Gas
Theophilus Danjuma is one of the oldest active entrepreneurs in Nigeria today.
He was born in 1938.
Aside from being a businessman, Theophilus is also a retired General in the Army.
However, he was even the chief of staff to Olusegun Obasanjo.
After Theophilus graduated from the College of Arts and Science in Zaria (which is now Ahmadu Bello University).
He enrolled in the NDA (Nigerian Defence Academy).
When he passed out successfully, he was given the rank of a second lieutenant and was later retired when he became a General.
After his retirement back in 1979.
He ventured into Business full-time and started making a fortune as an entrepreneur.
He is currently the founder of Southern Atlantic Petroleum.
This is one of the biggest oil companies in Africa today.
Theophilus Danjuma is currently worth a whopping $990 Million dollars, hence making him the number ten richest entrepreneur in Nigeria.
Rich Entrepreneurs In Nigeria 2021
Other Rich entrepreneurs who didn’t make it to the top ten list are:
- Line of Business: Finance, Banking & Technology
Jim James Ovia is a Nigerian entrepreneur who is the chairman of Zenith Bank.
He is a technology investor who is the founder of so many tech initiatives in Africa.
He was the founder of Visafone, but this company was later acquired by MTN.
With a networth of about $980 Million, he is also one of the richest Entrepreneurs in Nigeria today.
Line of business: Banking and Importation
With a net worth of $950 Million.
Bola Shagaya is indeed a Nigerian entrepreneur that deserves to be mentioned in this list.
She used to work in the audit department of the Central Bank of Nigeria before she ventured into the business back in the 80s.
Today, she imports and distributes photography materials and she also has her own line of photography products called Konica.
She is a very successful entrepreneur, and she is a source of inspiration to many other aspiring entrepreneurs out there.
Adedeji Tajudeen Adeleke
Adedeji Adeleke is one Nigerian businessman who owes most of his popularity to his son ‘Davido’, who is a popular Nigerian musician.
He is the founder of Pacific Holdings and is currently said to worth $700 million.
Oba is another fast rising Entrepreneur in Nigeria.
He is the founder of the famous Honeywell Group, which produces several food products like noodles, sugar, and a host of other things.
Oba is an alumnus of both the Leed Beckett University and the Harvard Business School.
However, he is an international Entrepreneur, and he is currently worth $620 million.
Tunde Folawiyo is the MD of the largest telecommunications company in Nigeria MTN.
As an Entrepreneur, he heads the Yinka Folawiyo Group.
This is a company that was owned by his father before his departure.
When his father passed away, Tunde took over the company from him in 2008.
With numerous investments and business deals all over the world, Tunde Folawiyo is currently said to worth $500 million, thus making him a very rich Entrepreneur in Nigeria.
Final thoughts on The Richest Entrepreneurs In Nigeria
Aside from these people mentioned in this list.
There are also many more rich Entrepreneurs in Nigeria like Mohammed Indimi, Cletus Ibeto, Arthur Eze, and more.
These people are all rich Entrepreneurs and they have made a fortune from their businesses and investments.
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