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REVEALED: Top 20 Richest Nigerian Billionaires


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Very few Nigerians have made the Forbes list of richest people in the world the reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange).

The few Nigerians that have the list are Aliko Dangote, Mike Adenuga and Femi Otedola.
The list of top 21 Richest Nigerian billionaires has been based on:
The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.


Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top.
In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Check out the list below.

1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world

2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom

3. Femi Otedola – ZENON Oil and Gas

4. Orji Uzor Kalu – Slok Group

5. Cosmos Maduka – Coscharis Group

6. Jimoh Ibrahim – Nicon Insurance, Global Flee

7. Jim Ovia – Zenith Bank, Visafone

8. Pascal Dozie – MTN Nigeria, Diamond Bank

9. Oba Otudeko – Honeywell Group Nigeria

10. Alhaji Sayyu Dantata – MRS Group

11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group

12. Prince Samuel Adedoyin – Doyin Group

13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.

14. Chief Cletus Ibeto – Ibeto Group

15. Raymond Dokpesi – Daar Communication, AIT,

16. Tony Ezenna – Orange Group

17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies

18. Ifeanyi Ubah – Capital oil and gas

19. Leo Stan Ekeh – Zinox Computer

20. Fola Adeola – GTBank
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15 comments

  1. why is my name missing?
    please include
    Nirautica of Nirautica Ltd

    ReplyDelete
  2. yes, they were rich yet people are dying of hunger day in day out even in their respective community. Its a pity... Asiwaju

    ReplyDelete
  3. Dis people are use nigeria money to enrich thereself,one dey there we die and lever dis money for us

    ReplyDelete
  4. M̶̲̥̅γ̲̣̣̥ name is not there Oº°˚ . Martin of Martinez Group

    ReplyDelete
  5. Why fooling us with your tale of these people working their ways to the top. They r criminals that have enriched themselves with tax payers' money. Dangote is d richest man in Africa yet was said to be one of those indebted to one of the fallen banks. Otedola on the other hand is a key suspect in the oil subsidy scandal. Name them. You r telling me they r rich. That's bullshit!

    ReplyDelete
  6. The list is obviously not current.

    ReplyDelete
  7. Y SHOULD DANGOTE BE IN NUMBER 1 NOW!, I THINK MY NAME SHOULD BE NUMBER ONE! GOD SONS LTD
    PLS U GUY SHOULD CHANGE DAT DANGOTE NOW BEFORE I EXCALLATE IT TO D WORLD. LOL

    ReplyDelete
  8. They are all indebted to some of the bank and Nigerian. And not willing to pay bank their loans or honor their repayment obligations. They are economy killers , SME killers

    ReplyDelete
  9. well well...according to heaven economy report.. i happen to be d richest man in d world..
    hefeenez group of company

    ReplyDelete
  10. Hmmmmmmmmm, all dos pple complaining, I don't them, its poverty I blame, you guys should stop hating & make money, instead of disceiving ursefs. If they stole money, they still enjoying it & you there, just dey Zuzu. Zobi!

    ReplyDelete
  11. Something is definitely wrong with this List. It seems to me that those who prepared it are either ignorant of current facts or misinformed. Nobody doubts the fact that those mentioned have managed to make good money in this Country, but are some of them qualified to be listed among the richest Nigerians today given what we know of their current financial travails? Did the writers check with AMCON & CBN to note those blacklisted from any further borrowing from Banks on account of their humongous indebtedness? Is that our standard for measuring Billionaires? Why didn't they include Akingbola? Or has he suddenly become poorer than Ifeanyi Uba? Please tell that to Cosmas Maduka!What about people like Obasanjo, Atiku, Babangida etc including the Pension Funds looters? Surely they are equally Billoinaires in their own right! Afterall, in this Country of vanities, it certainly does not matter how we make our money, or does it?

    ReplyDelete
  12. Well! Worldly richness without Christ is Vanity. The poor Man with Jesus is far much richer than all these Men If they'r without christ.period

    ReplyDelete
  13. why is my name there?allen group nig.ltd

    ReplyDelete
  14. a wealthy man is that man who has been blessed to be a blessing to others. These people are maggots food just like you and I. The question is: does it worth it? All your life struggles to loot and be rich or work hard and be rich and yet, u watch ur fellow human languish in pain and hunger? Vanity and insanity on the part of man.

    ReplyDelete
  15. Join ILLUMINATI, and get riches, fame, and powers to control all over the world,,, get in touch with (LORD MASTER) in Europe headquarter on whatsapp or call (+393512387988)
    Via email, (Diamondkingdom6@gmail.com)
    BEWARE OF SCAM, ANY PHONE NO START WITH +2 IS AFRICA FRAUDSTERS

    ReplyDelete

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