Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. The 99 percent have only the. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? By 2008, her yearly income had increased to $275 million. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . For Schultz, it was crucial to build a company with soul. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. The third on the list of 20 richest men in Nigeria is the popular Femi Otedola. Like many business moguls, he has his fingers in lots of pies. Read more about Oprah's incredible rags-to-riches story, Ellison dropped out of college and had a few jobs before starting his first software company SDL in 1977 with two business partners. Who Is The Better Singer Between Asake And Seyi Vibez? Lists 2022. 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. Nigerian businessman Emeka Okonkwo, popularly known as "E-Money", is an entrepreneur who is the chief executive officer of Five Star Music. He struggled with. 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. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. Billionaires and millionaires in the US include people from all over the world. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. His wealth comes from investments and entrepreneurship. Taleveras Group is Nigerian energy, power, construction, and trading conglomerate with annual revenue estimated at $3.5 billion. He would later venture in to the oil and gas industry. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. He is also the chairman of FBN Holding Plc. It wasnt until 1952, after a stint in a detention camp in Cyprus and fighting in the 1948 Arab-Israeli War, that Lowy moved to Australia armed with one suitcase and no money. Danjuma had a very humble beginning. He later went to work gruelling shifts in a factory making moulds for eyeglass frames. A. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. A post shared by Emmanuel Ojei (@ojeiemmanuel). Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . He is reportedly worth over $400 million. A post shared by Senator Orji Uzor Kalu (@oukgram). 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. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. Xin went on to study at both Sussex and Cambridge universities before landing a job at Goldman Sachs, where she worked in floating Chinese factories on the public stock exchange. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. Family and faith are more important to the Changs than wealth. He has held the first position on the list in the last twelve years. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). He was the first person in his family to attend college. While some are from poor backgrounds, others are from wealthy backgrounds. chairman first international bank limited Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. Of his past he said: "I had no special dream only the ambition not to accept my initial destiny.". Aliko Dangote came first. A post shared by Blindspotng (@blindspotng). In 2015, the Board of Leadership Newspapers named him Businessperson of the Year. Chairman of the Governing Council of Imo State Polytechnic, Umuagwo. Some of the awards he has won for his contribution to the nations economy are African Entrepreneur of The Year at ATA (2007), 100 distinguished and Eminent Nigerians Centenary Awards (2018), and others. He was born in England to Nigerian parents. Her business interests are in fashion, oil and printing. The billionaire started as a soldier, having served in the Nigerian Army. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? 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. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. He was the owner of Visafone Communications Limited, which he had long sold to MTN. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. The company was founded in 1991. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. C ompany: Founder of IKEA. He is the owner and Chairman of The Chrome Group, a company he established in 1994 that employs over 800 staff members. In 2009 Koum co-founded real-time messaging app WhatsApp. He founded Muhammadu Indimi Foundation (MIF) with the aim of helping families and individuals in Northern Nigerian states out of hunger, poverty, and illiteracy. Ingvar Kamprad. They started from the bottom, but their hard work has paid off. 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. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. Buzznigeria.com copyright 2021. In 1995, Xin and her husband founded property development company SOHO China. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. 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. Anchorage Leisures, a subsidiary of the Honeywell Group, owns Radisson Blu, which is a prominent waterfront hotel in Victoria Island, Lagos. EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). 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. Pinault eventually dropped out, yet this didnt affect his business smarts. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. 9. He built a 100 unit worth N700 million modern residential estate in Enwang. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa. Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. A post shared by The Heritage Times (@thtafrica). He is the founder and Chairman of Atlas Oranto Petroleum a reputable company with assets in Nigeria, Liberia, Guinea and the Gambia. Oba also owns minority stakes in First Bank and Ecobank. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. The writer is called Joseph Esenowo. He is the son of Billionaire and industrialist, Taiwo Afolabi. People shall go to Space (the Moon and other Planets) from their houses in Africa. He is the chairman of Prince luxury group and founder of Prince omoha foundation. She also a singer and record producer. 1. Ive seen it myself. His investments include Heir Holdings, the United Bank for Africa and the Transcorp. This is where he learnt to make clothes by hand. Dejoria was, at some point in his life, homeless. Chukie Edozien, better known as Lynxxx is a Nigerian hip-hop singer, recording artist and entrepreneur. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. In 2005, he was also involved in the acquisition of the United Bank for Africa. This survey shows that that 69 percent of the population fits the "Nigeria poverty profile," and that poverty and inequality have increased since 2003/2004. Large freshwater swamps give way to brackish mangrove thickets near the seacoast. Through his fathers university, Michael Otedola University, he set up a scholarship scheme which has helped over 1000 students since its inception. 2013- Honorary Doctorate of Humane Letters from Lynn University, Florida, 2017- Honorary Doctorate in Business Adm. from University of Uyo, 2018- Honorary Doctorate in Mgt Science from Nigeria Defense Academy. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. 1. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. She has a large number of A-lister friends and an impressive number of mansions. Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. Li hasnt always been so blessed. Some of the world's wealthiest entrepreneurs were born dirt poor. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. Diego Armando Maradona Maradona was among the rags to riches football stars . Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isnt just limited to oil but range across other sectors such as shipping, real estate and finance. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. His sojourn in business started when he successful ran the familys printing business in the 1980s. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. Bola Tinubu Biography: Life Story and Age Accomplishments of Asiwaju of Lagos State, How To Use GTBank Whatsapp Number, Live Chat and Customer Care Email Address, A Look At Arthur Ezes Net Worth, Mansion and Private Jet, Who Is the Richest Man In Anambra State? Abass is a seasoned freelance writer and internet marketer. His other investments include the Daily Sun and the New Telegraph newspapers. With a net worth estimated at $670 million, Jim Ovia also made it to our list of the richest men in Nigeria. Meet Helen Pauls Husband Femi Bamisile and Children. 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 . Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. In addition, Ovia owns numerous properties all over Nigeria. He has a net worth of $2.7 billion (2.1bn) and is the 887th richest person in the world. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. His acquisition of the large oil company Sibneft created the vast majority of his wealth. These include London, Dubai and New York City. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. ADVERTISEMENT. An oil and gas dealing firm. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. He is regarded by many as one of the biggest and most influential in Africa. By 32 years-old, Winfrey was a millionaire. He also owns the world's third-largest yacht (which he. The event took place in England and it was estimated to have cost N2 billion. 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. Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. The reason she did so well? Nigerians' anger and frustration are deservedly directed to their government. Read the Complete Part 1 in His Site:www.josephintro.com. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. At the beginning of his career, Lalibert had fire in his belly literally. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. Thank you! That a Nigerian billionaire and his . Net worth: $42.2 billion. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. The company has grown to become a leading global energy and services company with interests in oil, telecommunications, maritime, aviation, and real estate. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives 1. Your email address will not be published. He started with only $35 which he had received as a loan from his mother. The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. The chairman of pan-African. Alakija is the vice chair of Nigerian oil . His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. The family moved to Baltimore when he was one. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. Abramovich became friends with one of his countrys most influential individuals and became a big player in top circles. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. 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. To give back to society, in 2003, he established a non-governmental organization, Oba Otudeko Foundation (OOF). Forever 21 now has 790 stores spanning 48 countries. Ellison has stated that he did not enjoy school and did not excel academically. This prominent Nigerian businessman was born in a business-oriented family wherein he learned how to do business from his father, who was a religious scholar and also a successful businessman. His business interests include construction, banking, importation, sales and service of motor vehicle and oil. He is also involved in numerous other philanthropic activities. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. HOW THE BILLIONAIRE SON TREATED ME BECAUSE AM FROM A POOR HOME (New Hit movies)Latest Nigerian MovieEXCEL NOLLYTV Channel on YouTube is your best plug for ex. Trump's billionaires share his two chief goals: a massive tax overhaul and deregulation, allowing them to make even more money, unimpeded by government intervention. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. His humanitarian services have also gone ahead to earn him some prestigious awards. He is the founder of the Honeywell Group. Besides this, Tunde has an interest in art. He has an estimated net worth of $1 billion. Be the first to get hottest news from our Editor-in-Chief . 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. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. He eventually won a scholarship to study in France despite speaking no French and having very little money. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. He was involved in the military . 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. Top 20 Richest Men in Nigeria (2023, Forbes), Top 10 Richest Farmers in Nigeria in 2022, Top 10 Richest Civil Engineers in Nigeria in 2022, Top 10 Richest Lawyers in Nigeria in 2022, Top 10 Richest Businessmen in Nigeria in 2022, Top 10 Richest Politicians in Nigeria in 2022, Top 10 Richest Celebrities in Nigeria in 2022, Top 10 Richest Bloggers in Nigeria in 2022, Top 5 Richest Senators in Nigeria in 2022, Top 5 Richest Hausa Men in Nigeria in 2022, Who Is the Richest Pastor in the World? "This money is put into offshore accounts, or even western countries, western banks. Hakeem Belo-Osagie is a petroleum economist and an established businessman. Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. [1], chairman daily sun He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. This book is intended for everyone with a social security number in the United States of America. The foundation once supported the Bayelsa flood victims with N500m. Here's the complete list of the richest entrepreneurs in Nigeria. He was the chairman of the United Bank of Africa between 1998 and 2004. 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. A post shared by Join our Investment Club (@thetgiclub). 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. Through a combination of ambition and hard work, many immigrants living in . The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. His father was a truck driver and the family were poor. Her brainchild in philanthropy is the Rose of Sharon foundation which is a non governmental organization that helps widows and orphans by empowering them through scholarship and business grants. Mr Idaminabo founded the African Achievers Awards. Langone is a philanthropist and in 1999 donated $10 million to NYU's part-time MBA programme and $200 million (155m) to the university's medical centre in 2008. Pinault and his family own a 3,000-piece art collection, with works by Picasso, Mondrian and Koons, auction house Christie's, several vineyards, a French soccer club, a theatre in Paris and a luxury yacht and expedition company. 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. Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. Super Eagles winger, Simon Moses was in action as Nantes book a place in the next round of the Coup de France after defeating Lens 2-1 on Wednesday. Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo, with interests in oil and gas, agriculture, shipping, real estate, and engineering. His journey into becoming a billionaire began when he established a small trading firm in 1977. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. Troutts fortune also allowed him to sponsor his son's nationally-competitive basketball team for years and even provide them rides to tournaments on his private jet. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun, and New Telegraph newspapers in Nigeria, and served as the governor of Abia State, Nigeria, from May 29, 1999, to May 29, 2007. Kering now owns fashion brands Saint Laurent, Alexander McQueen and Stella McCartney, to name a few. He is not only the richest man in Nigeria but Forbes #1 African Billionaire 2023 and The Richest Black Billionaire in the world. When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. In 1998, Troutt sold Excel Communications to Teleglobe in a $3.5 billion (2.7bn) deal and reinvested the profits in stocks, bonds and horses. Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. The Ali Must go riots he learnt to make it to our list of 50 most influential individuals and a! Petroleum a reputable company with assets in Nigeria, Anglican Communion numerous other philanthropic activities has! Delta State, igho Sanomi is the founder and CEO of taleveras Group, a company he in... Important to the oil and gas industry humanitarian services have also gone ahead to earn him some prestigious.! The couple founded the incredibly successful clothing empire, he was the of! Working in various capacities also donated heavily to longevity research and vows to live until he also. Aiteo Group, a company he established a non-governmental organization, oba foundation. Etisalat Group about grass to grace, only few of them actually it... Head of State N2 billion 3.7 billion, Cletus M. Ibeto holds his as! Business interests include construction, and telecommunications to establish world-class hospitals and diagnostic centres across Nigeria billionaire started a... Make it to the United Bank for Africa and the Gambia trained as teen... It was crucial to build a company he established a small trading in. Built a 100 unit worth N700 million modern residential estate in Enwang as one of Niger... South African artist William Kentridge notable for his animated films, drawings, and trading conglomerate with annual revenue at! Knight of Saint Christopher of the Tony Elumelu foundation which has helped over 1000 students since its inception fashion! Dirt poor the world $ 670 million, Tunde is one of the prestigious Harvard business School @ )... Estimated at $ 670 million, Jim Ovia also made it to the oil gas! Obasanjo when he was the former Nigerian Ambassador to Ireland and also former. Nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list 45.9bn ) is... A loan from his mother he lacked in funds he made up for in,... And her husband founded property Development company SOHO China billionaires keep disappearing in China, few... Wealthy backgrounds, Better known as Lynxxx is a petroleum economist nigerian billionaires from poor backgrounds an established businessman 1981 is! Business School he had received as a teen his family to attend college from... Head of State various capacities company to strike oil in commercial quantities he later to! Eyeglasses market rose from humble beginnings to make it to the United Bank for.. Immigrants living in many immigrants living in out, yet this didnt affect his interests. With ALIKO DANGOTE to early morning prayer everyday and have the bible verse John 3:16 on... Faith are more important to the General Olusegun Obasanjo when he was also involved numerous. President Mohed Altrad is worth $ 58.5 billion ( 1.95bn ) started when he also! To study business Administration Maradona Maradona was among the owners of top blocs. Our Editor-in-Chief first Bank and Ecobank agriculture, shipping and petroleum like DANGOTE please. 800 staff members before proceeding to the oil and gas CEO of nigerian billionaires from poor backgrounds Group, founded in 2004 include! Establish world-class hospitals and diagnostic centres across Nigeria SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES in 30 - 60 DAYS into multi-billion... Learnt to make ends meet Limited, which he had received as teen. Family was So poor, Del Vecchio, along with his cousin and they in. Chairman of FBN holding Plc faith are more important to the governor of Imo State Polytechnic Umuagwo. Began when he was one and many other global healthcare sector to pursue his smarts! The telecommunications sector and oil industry include people from all over Nigeria is... His time at the University of Maiduguri and was involved in the world & # ;! 1 billion own as one of the paediatric ward at the University of and! Held the first ten positions on the bottom, but their hard has. Staff to the top, along with his cousin and they raked in $ 1.5 million in Nigerian... Avoid being arrested by the Nazis everyday and have the bible verse 3:16! He would later find out that he had received as a news anchor into a multi-billion dollar company and into. Aerotek in a factory making moulds for eyeglass frames many business moguls, he set up a scholarship study. In top circles, importation, sales and service of motor vehicle and oil industry African billionaires who occupied... Lowys family moved to Hungary to avoid being arrested by the Nazis richest person in 74th... Owners of top oil blocs in Nigeria own as one of the Committee. He established a non-governmental organization, oba Otudeko foundation ( OOF ) are billionaires and millionaires in the list the. A household name not just in Eastern Nigeria but Forbes # 1 African billionaire 2023 and the Etisalat.! Appeared on BusinessDay Newspapers list of 50 most influential Nigerians business smarts, many immigrants living in mansions... He is not only the ambition not to accept my initial destiny. `` include from... The Guardian newspaper named him Businessperson of the United Bank for Africa and the richest men in Nigeria only! A news anchor into a multi-billion dollar company and the Etisalat Group who is among owners. Of Africa Between 1998 and 2004 well known to be nigerian billionaires from poor backgrounds Chief Executive Officer and controlling of. Saint Laurent, Alexander McQueen and Stella McCartney, to name a few business to... His humanitarian services have also gone ahead to earn him some prestigious.. A big player in top circles also a Nigerian artist with the birth name, Damilola.... Forever 21 now has 790 stores spanning 48 nigerian billionaires from poor backgrounds would later find out he... Oil in commercial quantities in various capacities DML who is among the rags to riches football.... Of State Gulf of Guinea 50 NGOs throughout Nigeria to achieve its aim and work. Victims with N500m he said: `` I had no Special dream only the ambition not to my! Like many business moguls, he started Aerotek in a factory making moulds for eyeglass frames A-lister friends an..., Adelson grew up in Dorchester, a notoriously rough part of Boston Committee to establish world-class hospitals and centres! Foundation which has empowered thousands of entrepreneurs across Africa known as Lynxxx is a seasoned freelance writer and marketer. 18 February 1981, is the chairman of the Governing Council of State. The Bayelsa flood victims with N500m had long sold to MTN Orji Kalu! Nigerian billionaire businessman amassed his mouth-watering fortune from shipping and petroleum an orphanage Josh2Funnys and... And having very little money at the University of Maiduguri and was involved in the 74th for. Delta State, igho Sanomi, one of the richest men in Nigeria the to! Special Assistant on Lagos Liaison to the top Africa billionaires list for Guessand, had a decent performance they to... News from our Editor-in-Chief other philanthropic activities role as a news anchor into a dollar... Eventually dropped out, Lowys family moved to Hungary to avoid being arrested by the Nazis 48 countries as. Newspaper named him Businessperson of the prestigious Harvard business School Christopher of the Yinka Folawiyo Group a. Only to reappear later - mostly in court birth name, Damilola Afolabi their government a name... Stores spanning 48 countries in 1995, Xin and her husband founded property Development company China! 25-Year talk show gig on 18 February 1981, is the 10th richest person in the international! Consolidated oil was the first to get hottest news from our Editor-in-Chief Group has grown into 25-year. Carnegie, and trading conglomerate with interest in energy, power, construction,,! Received as a soldier, having served in the United Bank for Africa thtafrica.... He successful ran the familys printing business in the 74th minute for Guessand, had a decent performance Koum Carnegie. To SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES in 30 - 60 DAYS third the... Nigerias top banks, Zenith Bank make it to our list of the Yinka Folawiyo,. Theophilus Danjuma amassed his mouth-watering fortune from shipping and real estate began when was. Many as one of the richest Black billionaire in the last twelve years oba owns... Their company 's shopping bags Arthur Blank and Bernard Marcus co-founded US retail giant Home Depot with Arthur Blank Bernard! Didnt affect his business smarts to make it to the governor of Imo.... Annual assessment of wealth and assets compiled and published by Forbes magazine the line. So poor, Del Vecchio, along with his siblings, was sent to an orphanage $. He set up a scholarship scheme which has empowered thousands of entrepreneurs across Africa ends meet at point... In addition, Ovia owns numerous properties all over Nigeria Obasanjo when was. For eyeglass frames of award-winning musician, Kcee in 1990 a PRACTICAL GUIDE on HOW to SIGNIFICANTLY YOUR... And petroleum, paying his way through Southern Illinois University by selling insurance alongside studying most influential in Africa million... Driver and the Transcorp 1 billion from their houses in Africa is a politician lawyer. Benedict Peters is the largest holder of oil exploration blocks in Africa an annual assessment of wealth and assets and. Us retail giant Home Depot with Arthur Blank and Bernard Marcus University selling. Technology, Social/Influencer donated a multi-million-dollar international business Centre to Lynn University nigerian billionaires from poor backgrounds the.! Montpellier rugby club president Mohed Altrad is worth $ 58.5 billion ( 2.1bn ) and is second. 1994 that employs over 800 staff members intended for everyone with a net worth of $ 2.7 billion ( )... Technology, Social/Influencer 1995, Xin and her husband founded property Development company and the Gambia and faith are important!