Top 20 Richest people in Nigeria

Top 20 Richest people in Nigeria

Top 20 Richest people in Nigeria

Top 20 Richest people in Nigeria

Who is the richest guy in Nigeria in 2022? Is a question you might want to consider asking. The top 20 wealthiest Nigerians, their net worth, and the reasons behind their achievement are listed in this article. Nigeria is incredibly fortunate to have a wealth of natural resources and intelligent people. The nation has brave men and women who have devoted their lives to fostering the nation’s development for the better. Many billionaires, philanthropists, and entrepreneurs consider Nigeria to be their motherland. They chose the proper road, which is why they are so great today. Although some of them were not raised in wealthy houses, they have made progress today for their descendants.

According to data, there are over nine thousand high-net-worth persons and seven billionaires in Nigeria. The wealthiest individuals in Nigeria, both male and female, and other notable individuals are included in this number. In this post, we’ve listed the top 20 richest men and women in Nigeria as of 2022 after carefully selecting their names. It’s vital to understand that the list below is not arranged in any specific order or according to the magnitude of each person’s fortune. As a result, some persons may appear on the list who you didn’t anticipate being among the top 20.

  1. Aliko Dangote

Over $12.5 billion is now in Aliko Dangote’s net worth. In both Nigeria and Africa, he is the richest person. In terms of wealth, he ranks 67th in the world. Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia are among the nations where Dangote has investments in addition to Nigeria.

  1. Mike Adenuga

According to the most recent Forbes list, Mike Adenuga is the third richest person in Africa, which pegs his net worth at $5.8 billion.

  1. Folorunsho Alakija

When Folorunso Alakija replaced Oprah Winfrey as the richest black woman in the world a few years ago, she made headlines. Folorunso Alakija, who has worked as both an oil tycoon and a fashion designer, is currently the richest African woman with a net worth of $2.1 billion. Her commercial interests include printing, oil, and fashion.

  1. Femi Otedola

Michael Otedola, a former governor of Lagos State, is the father of Femi Otedola. He serves as chairman of Forte Oil Plc, a significant fuel importer. He founded Zenon Petroleum and Gas Ltd. as well. His investments span a variety of industries, including shipping, real estate, and banking, and are not solely restricted to the oil industry. According to Forbes’ most recent report, Femi Otedola is the third richest person in Nigeria, with a net worth of $2.3 billion.

  1. Tony Elumelu

One of the wealthiest men in Nigeria is Tony Elumelu, who is thought to be worth $1.4 billion. He is an economist, business owner, and benefactor.

  1. Oba Otudeko

The estimated net worth of Oba Otudeko is $650 million. He is credited for starting the Honeywell Group. He serves as FBN Holding Plc’s chairman as well. He was born Ayoola Otudeko and had his accounting training at Leeds College of Commerce, which is now Leeds Beckett University, in the United Kingdom.

  1. Jim Ovia

The success of Zenith Bank, one of Nigeria’s leading banks, is the work of Jim Ovia. He is thought to be worth $1 billion overall. He graduated from Harvard Business School and is renowned for bringing several innovations to the banking sector. He was in charge of growing Zenith Bank into one of the nation’s biggest and most successful banks. He is the bank’s current chairman.

  1. Cletus Ibeto

Cletus leads the Ibeto Group. One of the biggest conglomerates in Africa, the group is involved in producing cement, automobile parts, energy, petrochemicals, and real estate. One of his business interests is the well-known Ibeto Hotels.

  1. Arthur Eze

One of the richest persons in Africa is Arthur Eze. He is the founder and chairman of the reputable company Atlas Oranto Petroleum, which has holdings in Liberia, Guinea, the Gambia, and Nigeria. The business was established in 1991. Arthur attended California State University to study chemical and mechanical engineering.

  1. Hakeem Belo-Osagie

Hakeem Belo-Osagie has a law degree and is a distinguished Harvard Business School alumnus. Belo-Osagie has experience in the telecommunications, oil, and financial industries. Between 1998 through 2004, he served as the United Bank of Africa’s chairman. When he first came back, he was also associated with the Federal Government, particularly in the Energy industry.

Top 20 Richest people in Nigeria

Top 20 Richest people in Nigeria


Read Also: Top 7 investors who invest in African businesses


  1. Tunde Folawiyo

Tunde Folawiyo is among the richest persons in the nation, with a Forbes estimate of his net worth exceeding $400 million. He serves as chairman of the Yinka Folawiyo Group, a sizable conglomerate interested in shipping, real estate, agriculture, and energy. When his father, Wahab Folawiyo, died in 2008, he succeeded in the business. Tunde serves as MTN Nigeria Ltd.’s director as well.

  1. Igho Sanomi

Dickens Sanomi’s father, Igho Sanomi, was born in Agbor, Delta State. It should be recalled that Dickens served as the UPU’s second National Vice President. He was also a former Nigerian Police Force Assistant Inspector General of Police (AIG).

  1. Benedict Peters

The Aiteo Group, a conglomerate focused on energy, was founded by Benedict Peters. Before going to MRS Oil Nigeria Plc to take the position of Group Executive Director, Benedict started his career at Ocean and Oil, currently known as Oando Plc. Benedict eventually established Aiteo Group, which is now known to be the owner of one of the biggest oil tank farms in the nation.

  1. Bode Akindele

A billionaire who is in his eighties, Bode Akindele. He is the Mondola Group’s chairman. One of Nigeria’s biggest companies, this one has ties to the agricultural, food processing, maritime, real estate, and transportation sectors.

  1. Andy Uba

Philanthropist and businessman Emmanuel Nnamdi Uba was the governor of Anambra State for just 14 days. His nomination as governor was annulled by the supreme court on June 14, 2007, after it was made on May 27, 2007. He achieved success in the business world and is worth $2.1 billion.

  1. Emmanuel Ojei:

Emmanuel Ojei’s multiple ventures in the banking and automotive industries have increased his net worth to $1.2 billion. He is Ojei Holdings Limited’s owner.

  1. Abdul Samad Rabiu

Abdul Samad Rabiu is worth $1.1 billion in total. He invested in his firm, the BUA group, and real estate to develop his business savvy. One of Nigeria’s leading producers of cement and sugar is the BUA Group. He is the owner of refineries around the nation.

  1. Jimoh Ibrahim

Thanks to his investments in real estate, oil and gas, and insurance, Jimoh Ibrahim comes in at number seven. He currently has a $1.1 billion net worth.

  1. Orji Uzor Kalu

Former Abia State Governor Orji Uzor Kalu. He is the CEO of SLOK Holdings and has a net worth of $1.1 billion. His stakes include the manufacturing of furniture, the transportation sector, and the oil business. Additionally, he has stock in the Daily Sun and the New Telegraph.

  1. Paschal Dozie

Entrepreneur Paschal Gabriel Dozie is a hard worker. He focused on financial institutions and had rapid expansion. He serves as chairman of one of the top commercial banks in the nation, Diamond Bank PLC. He is committed to advancement and is currently worth $2.1 billion.


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