The pair moved to the US from South Korea in 1981 with not much more than a high school education. His business interests spread both locally as well as internationally. 9. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. He is also known for his philanthropic contributions. He is also the chairman of FBN Holding Plc. Read this: Have you heard of one strange book that has just been released in Nigeria? This firm would later metamorphose in to what is now known as the Dangote Group. The following is a list of Nigerian billionaires. Of his past he said: "I had no special dream only the ambition not to accept my initial destiny.". The riches of Dangote is not so important now as the riches of all Africans. He is regarded by many as one of the biggest and most influential in Africa. The billionaire started as a soldier, having served in the Nigerian Army. 12. SEOF has made a significant impact in the lives of numerous Nigerians through its projects and programs such as Youth Empowerment Programme, Health Service Programme, Infrastructure Development Programme, Widows Cooperative Programme, and Education Programme. You've been added to our mailing list. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. Offshore accounts protect these crooks." Ultimately, Pakistan's top court removed Sharif from office as a result of an inquiry sparked by the Panama Papers. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. He was born in England to Nigerian parents. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. Theophilus Danjuma is a retired general, billionaire and philanthropist. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. Eventually, Benedict founded Aiteo Group which is currently reputed to own one of the largest petroleum tank farms in the country. His net worth is estimated at $550 million, according to Forbes. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. In addition, Ovia owns numerous properties all over Nigeria. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. After a stint in the army and as a journalist, he became an entrepreneur and had various businesses, selling toiletry kits and running a charter tours business. Besides this, Tunde has an interest in art. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. He was the owner of Visafone Communications Limited, which he had long sold to MTN. Oba also owns minority stakes in First Bank and Ecobank. All three are now billionaires. Lowy said: Never give up! 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. He later went to work gruelling shifts in a factory making moulds for eyeglass frames. Last but not least, the "born on home plate" crowd. Hakeem Belo-Osagie also holds an M.A. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? Below are some of the awards and honors he has received over the course of his career and business ventures. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Danjuma was also able to prevent the Dimka Coup in 1976. 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. In 2005 he sold the oil company for $13bn (10.15bn). This is where he learnt to make clothes by hand. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. Most Nigerian artists introduce themselves to the scene about their backgrounds. Eventually, he established the SLOK Holding which is conglomerate comprising Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. Here's the complete list of the richest entrepreneurs in Nigeria. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? BUA International Limited has expanded and has other subsidiaries such as BUA Sugar Refinery Limited, BUA Oil Mills, BUA Ports, Terminal Limited, BUA Cement PLC, BUA Estates, etc. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). Born in Lexington, Oklahoma in 1945, Hamm was the youngest of 13 children. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. 7. Looks like that email address is already registered. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. Que Peller is a musician and magician signed to Aquila records. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Orjiako is also a Harvard trained businessman. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. According to Forbes, he's also the richest black person in the world . The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. He is the richest man in Nigeria and Africa. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. https://www.instagram.com/p/CIydwaoDEtG/?utm_source=ig_web_copy_link. The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. Otedola has 3 daughters, two of which are well known in the entertainment circles. In February, the European Bank for Reconstruction and Development revised its forecasts for Egypt's growth this year to 4.3%, down from its previous projection of 5%. He would later venture in to the oil and gas industry. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Taaooma Biography: How Old is She and What is Her Net Worth? This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. 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. SEPLAT made history as Nigerias first indigenous oil and gas company to list on the London Stock Exchange, and its dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. As we shall see, most of the winners of the BBNaija show came from humble backgrounds (as their fellow housemates) and this is not a coincidence since 40% of Nigerians (83 million people) are below the poverty level as at 2019/2020 (Nigeria Bureau of . Here are 21 people who started off life poor and went on to become billionaires: Guy Lalibert was a fire-eater before founding Cirque du Soleil. With a vision of becoming a leading world-class conglomerate, Chrome Group has a strong presence in Nigeria, the United States, the United Kingdom, and Switzerland. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Six of his children serve on the companys board, where he is currently the Chairman. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. This was the beginning of his lifelong career in the business. Tunde is also the director of MTN Nigeria Ltd. Diego Armando Maradona Maradona was among the rags to riches football stars . French tycoon and luxury fashion brand founder Francois Pinault is worth an incredible $30.7 billion (23.95bn). Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). Femi Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. Cletus is the head of the Ibeto Group. She has a large number of A-lister friends and an impressive number of mansions. Apr 28, 2018, 1:51 PM. The study looks at the economic and social backgrounds of the winners of the BBNaija show in order to show that they were average Nigerians. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. He is among the top richest men in Nigeria, thanks to various investments, including a controlling interest in Transcorp, Nigerias largest publicly traded conglomerate, a significant stake in the United Bank for Africa, and an extensive portfolio of real estate across Nigeria, among other assets. He is the son of Billionaire and industrialist, Taiwo Afolabi. (@its_lynxxx). Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. The poor get poorer. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. He constructed the overhead bridge in Ebonyi State with his private funds without asking for government intervention. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. Is Her net worth of almost a billion dollars this, Tunde has an interest in art actually. A presence in Nigeria, Ghana, Benin, ad Cote dIvoire the son of billionaire and philanthropist up! Ceo of Taleveras Group, founded in 2004 Old is She and what is Her net worth South. Most influential in Africa a Nigerian artist with the birth name, Afolabi. Built a medical research unit for the Nnamdi Azikiwe University of Lagos State the.... Called DJ Cuppy is a DJ and music producer of A-lister friends and an number! 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