Nov 032012

According to Forbes, here are the eight richest people in Nigeria:

#1 Aliko Dangote


Net Worth: $11.2 billion
Nigeria’s Richest Person: #1
Source of wealth: sugar, flour, cement , self-made
Age:54 ,Citizenship: Nigeria , Residence: Lagos, Nigeria
Marital Status: Married, Children:3

Aliko Dangote is not only the richest man in Nigeria, he is Africa’s wealthiest man. and the 76th richest person in the world. He’s building a $115 million cement plant in Cameroon, and owns plants in Zambia, Senegal, Tanzania and South Africa, among others.


#2 Mike Adenuga

Net Worth: $4.3 Billion
Nigeria’s Richest Person: #2
Source of wealth: Telcom, banking, oil,
Age:58 , Citizenship: Nigeria , Residence:Lagos, Nigeria
Marital Status: Married

Mike Adenuga runs Conoil Producing, the first Nigerian company to strike oil in commercial quantities in the early 1990s. Today Conoil Producing is Nigeria’s largest oil exploration company, producing an estimated 100,000 barrels per day.  Mr Adenuga also owns Globacom, Nigeria’s 2nd largest mobile telecom operator.  Mike Adenuga is not only the 2nd richest man in Nigeria, he is the 248th richest person in the world

#3 Jim Ovia


Net Worth: $775 Million
Source: Banking
Citizenship: Nigeria

Jim Ovia, the godfather of Nigerian banking, founded Zenith Bank Group in 1990, which grew into West Africa’s largest financial services provider by market capitalization and assets

#4 Theophilus Danjuma


Net Worth: $600 Million
Source: Oil
Citizenship: Nigeria

Theophilus Danjuma, a former Nigerian defense minister, is chairman of South Atlantic Petroleum (SAPETRO), a Nigerian oil exploration company. In 2006, Danjuma sold an oil block he was given by the regime of former Nigerian President Sani Abacha to a consortium of Chinese investors for $1.7 billion. Nigeria’s biggest philanthropist, he has endowed his private charity, the TY Danjuma foundation, with $100 million. He currently advises Nigerian President Goodluck Jonathan on matters of state.

#5 Oba Otudeko

Net Worth: $550 Million
Source: Manufacturing, Telecom
Citizenship: Nigeria

Former banker Oba Otudeko founded conglomerate Honeywell Group in the early 1980s. It has tentacles in oil & gas, flour milling, engineering, real estate and marine transportation; its Honeywell Flour Milling unit is publicly traded but revenues for the rest of the group are not disclosed. Separately, he owns a 14% stake in Bharti Airtel’s Nigerian wireless phone operations. Owns a controlling stake of Radisson Blu, a luxurious 5-star oceanfront hotel that recently opened in Victoria Island, Lagos.

#6 Hakeem Belo-Osagie


Net Worth: $450 Million
Source: Telecom
Citizenship: Nigeria

Hakeem Belo-Osagie, a Harvard-trained petroleum economist, chairs the Nigerian operations of United Arab Emirates-based telecom provider Etisalat. Through his holding companies, Premium Telecommunications Holdings and MyaCynth, he controls a 12.5% stake in Etisalat Nigeria.


#7 Abdulsamad Rabiu


Net Worth: $400 Million
Source: Sugar, Flour, Cement
Citizenship: Nigeria

Nigerian-born tycoon Abdulsamad Rabiu started importing commodities over 20 years ago. Now he heads the multi-faceted BUA Group, one of Nigeria’s largest privately held conglomerates. The $1.6 billion (sales) group owns BUA Sugar Refinery, the second largest in Africa behind Dangote Sugar (owned by billionaire Aliko Dangote)

#8 Mohammed Indimi


Net Worth: $330 Million
Source: Oil
Citizenship: Nigeria

Mohammed Indimi, a close ally of Nigerian military bigwigs, is the founder and chairman of Oriental Energy Resources, a privately held Nigerian oil exploration and production company. Indimi’s Oriental Energy currently has three offshore Nigerian oil and gas projects with daily production of 35,000 barrels. Eight of his children serve on the board of the company


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