The top 20 Richest People in Nigeria and their net worth in 2021
Everyone knows how lucrative owning a business can be.
However, the people we are going to review in this list are those who have taken their businesses and investments to a whole new level.
These guys make extraordinary wealth from their lucrative business ventures.
Nigerian billionaires can be found all over the list of richest people in Africa, and this is a strong signal that we are indeed ‘the giant of Africa’.
Now, if you’ve been wondering who the top 20 richest people in Nigeria are, then make sure you read on.
In here, you will find a well researched list of them all, and how they make their cash.
The Richest People in Nigeria 2021
Here are the list of top 20 richest people in Nigeria and their net worth in 2021
#1. Aliko Dangote – Networth: $9.2 Billion
Dangote has been the richest man in both Nigeria and Africa for some years now.
With a networth of about $9.2 Billion, he is also one of the richest men in the world too.
He is the CEO of the popular Dangote Group.
He has so many manufacturing factories, depots, and refineries all over Africa.
As a diverse business man, Aliko Dangote is into production of cement, salt, sugar, flour, and many other consumer goods.
He is a very influential person in Nigeria and a one-time Chairman of the Nigerian Stock Exchange.
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#2. Mike Adenuga – Networth: $7.7 Billion
Second place in this list is Mike Adenuga.
Mike is a popular Nigerian business man who is into telecommunications.
He is the Ceo of Globacom (aka Glo) and his telecom company is the second largest in Nigeria, after the popular MTN.
His company keeps growing by the day.
However, they now have presence in so many African countries like Ghana, Cote de’ Voire, and Benin Republic to mention a few.
Aside from owning a large telecom company.
Mike Adenuga also owns huge stakes in major companies like Equatorial Trust Bank, and the famous Conoil.
#3. Abdusalamad Rabiu – Networth: $3.1 Billion
Abdulsamad is the chairman and ceo of the BUA Group.
This is a company which handles a lot of work in the manufacturing, agriculture, and infrastructural industry.
He owns diverse businesses just like Aliko Dangote, and is one of the richest men in Africa today.
He owns so many investments across the world, and is currently the head of the BOI (Nigerian Bank of Industry).
With a net worth of $3.1 Billion, Rabiu sits safely at the number 3 spot in this list.
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#4. Femi Otedola – Networth: $1.8 Billion
With a whooping net worth of $1.8 Billion, Femi Otedola sits on the 4th position in our list.
He owns the biggest stake in the popular oil company ‘Forte Oil’, which has several oil stations across Africa, and their very own line of engine oil.
However, he is the father of the popular Nigerian DJ Cuppy, who is
happily married to a Nigerian musician ‘Mr Eazi’.
He often showers his son and daughters with expensive gifts, and they always gain attraction from fans far and wide with their display of luxury.
#5. Folorunsho Ajakija – Networth: $1.2 Billion
Folorunsho Ajakija is the first woman in this list.
Aside from being the richest woman in Nigeria, she is also the richest woman in Africa.
She is a Nigerian business woman with diverse investments in different fields.
In addition to that, she owns big stakes in many world class companies both within and outside Africa.
Today, she heads the ‘Rose of Sharon Group’, and their businesses are spread across different industries through their subsidiaries.
With a whooping $1.2 Billion, Folorunsho sits firmly at the number six spot in the list of richest people in Nigeria
#6. Uzoma Dozie – Networth: $1.1 Billion
Uzoma is a well known tech investor, banker, and general business tycoon in Nigeria.
Dozie was the GMD of Diamond Bank Plc until 2019 when he launched his company Sparkle.
Uzoma has held several other lucrative positions in different bodies and firms.
He is one of the richest Africans today, with a mind-blowing net worth of $1.1Billion.
#7. Orji Uzor Kalu – $1.1 Billion
The one time executive governor of Abia State Orji Uzor Kalu is also a well known businessman.
It was said that at 19, Orji borrowed the sum of $35 from his mum and used this as a capital to start trading on rice, sugar, palm oil and more.
By 20, he was already a millionaire who was into transportation, and manufacturing of furniture.
Today, Orji Uzor Kalu is the founder and ceo of Slok Holdings.
This is a diverse company that is into the fields of oil trading, shipping, and many more.
Before venturing into business as a young man, Orji was dropped out from a Nigerian University, on the grounds of fueling numerous student riots.
With a networth of $1.1 Billion, he is one of the richest people in Nigeria today.
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#8. Jimoh Ibrahim – Networth: $1 Billion
Jimoh Ibrahim is the CEO of the popular Global Fleet Group.
This is a big company which is headquartered here in Nigeria, with so many branches and subsidiaries far and wide across Africa.
He is a businessman, well known philanthropist, and a lawyer.
With a whooping net worth of $1 Billion, Jimoh is safely one of the richest people in Nigeria today.
#9. Tony Elumelu – Networth: $1 Billion
The popular Nigerian entrepreneur and philanthropist ‘Tony Elumelu’ is one of the richest men in Nigeria today with a networth of about $1 Billion.
He has so many investments spread far and wide across Africa.
Some of them are the popular UBA (United Bank of Africa), Transcorp, and Heir Holding.
As a philanthropist, he is the founder of Tony Elumelu foundation, which empowers millions of new entrepreneurs all over Africa.
He was the brain behind the popularisation of the Standard Trust Bank.
He also expanded the United Bank of Africa from being a Nigerian bank, to being an well known African bank after acquisition.
Tony is an alumnus of Harvard Business School in America.
This is literally the best business school in the world today.
As a successful businessman and economist, he holds several lucrative positions in several bodies and companies across the world.
Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings.
Today, he is also a Global Advisory Board of the United Nations SE4ALL (Sustainable Energy For All Initiative).
He is very successful in the fields of health care, banking, management, business, and more.
With a networth of about $1 Billion, he is one of the richest people in Nigeria.
#10. Theophilus Danjuma – Networth: $990 Million
Theophilus Danjuma is the only Military Personnel in this list.
He is a retired General in the Nigerian army, a businessman and philanthropist.
However, he is the chairperson of SAPETRO, which is an oil company with presence all over Africa.
In addition, he had a very poor start in life as his father was a farmer and trader.
But along the line, things gradually became better.
He studied History at the Nigerian College of Art, Science and Technology in Zaria, which is now the Ahmadu Bello University.
After studies, he enrolled in the Nigerian Army through the Nigerian Defence Academy, and retired as a General.
After his retirement from the Nigerian Army in 1979, he ventured into business and today, he is a billionaire in the industry.
He was the Chief of Staff to the former Nigerian president Olusegun Obasanjo while he was still the Head of State.
Top 20 Richest People In Nigeria (2021)
#11. Jim Ovia – Net worth: $980 Million
The popular Nigerian bank Zenith Bank owes its success to this creative man.
He was the founder of the famous Visafone communications, which was later acquired by the popular telecommunications company ‘MTN’.
Just like Tony Elumelu, Jim attended Harvard Business School.
He introduced so many advancements in the banking industry in Nigeria today.
He is a very good tech investor, and also the chairman of several technological initiatives like Cyberspace Network, and NSDI (Nigerian Software Dev Initiative).
#12. Bola Shagaya – Net worth: $950 Million
With an estimated net worth of $950 Million, Bola Shagaya is one of the richest persons in Nigeria, and the second richest woman.
She started out as a worker in the audit department of CBN (Central Bank of Nigeria), after which she ventured into the business world back in 1983.
She ventured into business by importing and distributing photography materials, and she was the one behind the popular Konica brand.
#13. Adedeji Tajudeen Adeleke – Net worth: $700 million
Adeleke is a popular Nigerian business man and CEO of the Pacific Holdings.
He is the father of the popular Nigerian musician ‘Davido’, and has gained more fame for that.
Today, Adedeji Adeleke is worth a whooping $700 million, thus making him one of the richest in Nigeria.
#14. Oba Otudeko – Net worth: $620 million
With over $620 million, Oba Otudeko is indeed a strong force in the business world today.
He is the founder of the famous Honeywell Group, with so many popular consumer products spread across the continent.
He studied accounting in the Leed Beckett University, UK.
Oba has enrolled in several top class business management programmes across the world, and is also an alumnus of the famous Harvard Business School.
Today, he owns several investments across all continents of the world, and in different sectors.
#15. Tunde Folawiyo – Net worth: $500 Million
Tunde is currently the head of Yinka Folawiyo Group.
He assumed the position as the Head of this company when his father passed away back in 2008.
Aside from being a very creative businessman, Tunde is also the managing director of popular MTN Nigeria.
This is the largest telecommunication company in Nigeria.
With an estimated net worth of $500 million, he is also one of the richest persons in the country today.
Other richest people in Nigeria are…
#16. Mohammed Indimi – Net worth: $460 Million
Mohammed is the CEO of Oriental Energy.
This is a company he founded back in the 90s.
With several investments and businesses spread across different sectors.
He is currently estimated to worth about $460 Million.
#17. Cletus Ibeto – Net worth: $300 million
Cletus Ibeto is the founder and head of the Ibeto Group.
This is a big company which specialises in cement production, real estate, automobile and a few more fields.
He is also the owner of the famous Ibeto Hotels, and is currently estimated to worth about $300 million.
#18. Arthur Eze – Net Worth: $300 million
Arthur studied Chemical/Mechanical Engineering at the California State University, after which he ventured into the business world.
He is the ceo of Atlas Oranto Petroleum.
However, he started this company back in 1991 and today, the company has branches all over Africa.
Currently, Arthur Eze has an estimated net worth over $300 million dollars.
#19. Hakeem Belo-Osagie – Net Worth: $200 million
Hakeem was the chairman of UBA in 1998and he held this position for up to seven years.
He is fully involved in the telecommunications industry in Nigeria and also the oil and gas sector.
In addition to that, he is a lawyer by training, and is also a graduate of the Harvard Business school, like many others in this list.
Today, he is currently estimated to worth about $200 million.
#20. Bode Akindele – Net Worth: $150 million
Bode is the CEO of Mondola Group, which focuses on different sectors like agriculture, food production, and more.
He is a very promising billionaire, and is currently estimated to worth over $150million
Conclusion of the richest people in Nigeria 2021
From the list, you can confirm that these men all live big from the fortunes they have made in the business world.
If you are an aspiring business owner or investor.
You can watch them closely to learn from their creative works.
They have made the country proud and they are all very influential in the business world today.