Belo-Osagie has been involved in oil, finance and telecommunications industry. His father was a truck driver and the family were poor. He subsequently ventured into politics, serving as a Minister of Defense under President Olusegun Obasanjo. At the beginning of his career, Lalibert had fire in his belly literally. All Rights Reserved. I will soon join the list soon by Gods grace.. Lols Nigeria where the rate of poverty is plenty than any other countries, your revalation is rubbish Sir or ma even we cant overtake ghana and south Africa talkless of Europeans or Americans Lols dont fool yourself, maybe if Jesuss come and God rebuild this world again and created new beings and creature your revelation will come to Pass.. nonsense! Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. He is the founder and CEO of Nigerian Finder.com. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. The company was founded in 1991. 11. As of January 2023, Forbes estimation of Abdul Samad Isyaku Rabius net worth is pegged at $7.6 billion. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. In 1963 the Frenchman went on to start Kering (formerly PPR), which made wood and building materials. Encouraged by his parents, Schultz got a place at Northern Michigan University via an athletic scholarship. 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. He was born in England to Nigerian parents. In 2016, the company recorded annual revenue of annual $57.71 million. He also owns the world's third-largest yacht (which he. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. By the age of 18 Koum became interested in programming and enrolled at San Jose State University. He has also won a handful of awards which include Commander of the Order of Niger (CON) 2012, Africas 55 wealthiest People by Venture Capital (2014), Forbes Most Prominent Naira Billionaire from Nnewi (2017), A post shared by SIR EMEKA OFFOR (@sir_emeka_offor). The 39-year-old man is known for his luxurious lifestyle. In 2005 he sold the oil company for $13bn (10.15bn). Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. 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 . Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. He later went to work gruelling shifts in a factory making moulds for eyeglass frames. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. 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. A post shared by Tony O. Elumelu (@tonyoelumelu). The entrepreneur mints a steady income from his oil production and telecom businesses. Theophilus Danjuma is a retired general, billionaire and philanthropist. Mike Adenuga claims he got his business acumen from his mother who was also a successful businesswoman. Using the Forbes Billionaires List 2018 as a guide, and starting from the least rich to the richest, here are some of the wealthiest people on the plant who survived a challenging upbringing and went on to build huge billion-dollar empires. 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. In the early 70s he drilled a well and found oil. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. Born in Lexington, Oklahoma in 1945, Hamm was the youngest of 13 children. 1. In 2016, MIF sponsored many northern students to study at the International African University of Sudan. He is the founder and chairman of Cosmos AG oil. Tragedy struck when Bisciottis father died of leukemia when Stephen was eight, leaving Patricia to raise three kids on her own. Li hasnt always been so blessed. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. 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. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . Tony Elumelu is an alumnus of the Harvard Business School. Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. 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 also the chairman of FBN Holding Plc. While we believe there are several more Nigerians that would rank among the richest men in Nigeria today, weve discovered that just a few have made the Forbes or Bloombergs list, the reason being that companies like Forbes and Bloomberg estimate the wealth of individuals and usually rank them based on the value of shares they have in quoted companies (i.e., companies listed on the stock exchange). The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. Abass is a seasoned freelance writer and internet marketer. Apr 28, 2018, 1:51 PM. He is the owner and Chairman of The Chrome Group, a company he established in 1994 that employs over 800 staff members. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. Mohammed Indimi has made a decent part of his $500 million net worth from oil. Yet, ostensibly the country's economy . Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. 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. 12. In 2015, the Board of Leadership Newspapers named him Businessperson of the Year. He was the chairman of the United Bank of Africa between 1998 and 2004. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. Buzznigeria.com copyright 2021. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. Aliko Dangote.Dukes friend. Tunde is also the director of MTN Nigeria Ltd. After graduating he got a job in sales at Xerox and later became manager of US operations at Hammerplast. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. The project commenced with the goal of building refineries for crude oil, fertilizers and petrochemical materials. By the 1970s he had saved up enough money to buy a seat on the New York Stock Exchange, working on the electronic trading of securities. 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. The Harvard-trained businessman is also involved in humanitarian works focused on education and healthcare services. dont mind him, you get good insight bro! The grandson of Italian immigrants, Langone's father was a plumber, and his mother ran an elementary school cafeteria. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. You come up against an obstacle and you have to find a way of moving forward. The poor get poorer. But the billionaires early life was far from opulent. She is the daughter of Billionaire oil mogul, Femi Otedola and a granddaughter of Late Sir Michael Otedola, a former governor of Lagos state. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. The billionaire also has interests in other business ventures, which largely contributes to his net worth. 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. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. Most Nigerian artists introduce themselves to the scene about their backgrounds. His investments include Heir Holdings, the United Bank for Africa and the Transcorp. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. Tony Rex Idaminabo. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. With his partner he created the world's leading scaffolding company. According to Forbes, he's also the richest black person in the world . 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 Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. chairman first international bank limited People dont understand how persistent you have to be. In 1985, after a short spell working for a tech firm and the Abu Dhabi National Oil Company, Altrad bought a bankrupt scaffolding manufacturer in France. 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%. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. from Oxford University in England. Instead, inspired by the surrounding oil in Oklahoma, he started reading up on geology, at the same time as launching his own trucking company. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. 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. Lowy was born in Slovakia, then Czechoslovakia, in 1930. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Borno will be more beautiful than Dubai. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2023, Richest Musicians in the World: 2023 Top 10, 10 Richest Kings in Nigeria & Their Net Worths (2023), 10 Richest Female Artistes in Nigeria & Net Worth. Required fields are marked *. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. Hip Hop Music in Nigeria will become the best in the whole World. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. This is a list of the top 5 Nigerian songs released this week. The pair moved to the US from South Korea in 1981 with not much more than a high school education. His wealth comes from investments and entrepreneurship. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. His sojourn in business started when he successful ran the family's printing business in the 1980s. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . A post shared by Blindspotng (@blindspotng). He took over the company from his father, Wahab Folawiyo when he passed away in 2008. A post shared by Senator Orji Uzor Kalu (@oukgram). He was involved in the Nigerian coup in July 1966. As a result of his participation, he was suspended by the school authorities but he never returned as he went on to building several successful businesses. In 2014 also, he was awarded the African Business Executive of the Year by the Oil and Gas Council. He is the co-founder and chairman of Seplat Petroleum. He is the cousin of Afrobeats star, Davido. The app was so successful Facebook bought it for a massive $19 billion (14.82bn) and Koum was invited to sit on the Facebook board. The total wealth held in Africa has fallen by 7% over the past . Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. Hakeem Belo-Osagie is a petroleum economist and an established businessman. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! Most notable among the numerous philanthropic gestures of the billionaire oil mogul is his N200million donation to the State Security Trust Fund in 2007 in an attempt to ensure a crime-free Lagos. 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. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? . His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. He struggled with. 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. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. 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. He heads a worldwide group of companies whose scope of activities remains diverse and includes Construction, banking, importation, sales, and services of motor vehicles and Oil. 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. His philanthropic activities also go beyond the shores of Nigeria. Capitalising on wholesale closeouts, they bought merchandise for cheap and hit $700,000 in first-year sales, prompting them to open a new store every six months. He is also involved in numerous other philanthropic activities. The scale ranges from 1 to 10. Here's the complete list of the richest entrepreneurs in Nigeria. Bill gates and Zucker Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. The following is a list of Nigerian billionaires. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. He is the only son of Chief John D. Edozie, a former deputy governor of defunct Bendel State. His acquisition of the large oil company Sibneft created the vast majority of his wealth. Ingvar Kamprad. A post shared by Onu Ndi Igbo (@voiceoftheeast). He is the chairman of Forte Oil Plc, a major importer of fuel products. She has a large number of A-lister friends and an impressive number of mansions. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. According to Forbes, he is worth $1.1 billion. 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. The best Aircrafts will be produced in Africa. Nigeria is a country that is home to many wealthy individuals. In its 2013 list of billionaires,. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. 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. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. Ellison has stated that he did not enjoy school and did not excel academically. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). Alas, the optimism fizzled out faster than the W Do Won and his wife Jin Sook Chang, co-founders behind the $4 billion (3.12bn) fast fashion darling Forever 21, are worth $3 billion (2.34bn). He studied History at the university after which he left to enrol in the Nigerian Army in 1960. The companys subsidiaries include Maritime Associates International, United Property Developers, Yinka Folawiyo Petroleum, Folawiyo Energy Limited, Enyo Retail and Supply, and Enyo Retail and Supply. Nigeria has, over time, proven to be richly blessed with highly intellectual individuals who, through hard work, creativity, and resilience, have dedicated themselves to the countrys economic growth. (2131 Views) 9 Silent Nigerian Billionaires Who Keep Their Wealth On A Low Key (photos) / 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy (pics) / Nigeria's Top 50 Richest Billionaires (1) ( Reply) (Go Down) 15 Billionaires Who Were Born Poor by zeekz ( m ): 8:43am On Jan 05, 2014 Wealth tends to create more wealth, The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. 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. In 1997, Koum was hired by Yahoo! In the banking industry, he was known for his role in the acquisition of Standard Trust Bank and catapulting them to become one of the top banks in the country. Jimoh Ibrahim - $1.1 billion. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. Shina Peller is the chairman and CEO of Aquila group of companies. Although Dangote was born into a wealthy family, he hasnt rested on his soars due to his familys riches. He is not only the richest man in Nigeria but Forbes #1 African Billionaire 2023 and The Richest Black Billionaire in the world. Folarin Falana is a Nigerian rapper known as Falz or Falzthebahdguy who started raping in secondary school after forming a group known as The School Boys. With a net worth estimated to be $650 million, Obafoluke Otudeko is a Chartered Banker, Chartered accountant, and Chartered Secretary by profession. Nigeria 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. Arthur Eze. Danjuma was also able to prevent the Dimka Coup in 1976. Chrome Group is a leading multi-million dollar conglomerate with interests in oil and gas, insurance, power, broadcasting, logistics, and telecommunications. The family moved to Baltimore when he was one. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. In this post, well take a look at the 20 richest individuals in the country. They produced the highest local content and manufacturing and has the highest diaspora community across the globe. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. Abdusalams company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. He founded Credit Transactions and Investments Limited (CTIL), an energy consulting firm. Sorry, something went wrong. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. As CEO of Las Vegas Sands Corporation, he made his money in creating dazzling casinos and hotels all over the world. Of. In 2009 Koum co-founded real-time messaging app WhatsApp. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. The reason she did so well? Tony Elumelu has greatly contributed to the economic growth of the country and Africa at large. Richest black billionaire in the world stakes in Nigerias Access Bank and Stanbic IBTC.. In 1994 that employs over 800 staff members sons of late Professor Moshood Abiola Peller, a Nigerian magician one. Isyaku Rabius net worth is pegged at $ 7.6 billion general, billionaire philanthropist... Wahab Folawiyo when he passed away in 2008 he established in 1994 that over. Wachuku from detention by the age of 18 Koum became interested in programming enrolled... The USAIDS Private capital Group for Africa ( PCGA ) Partners Forum father died of leukemia when Stephen eight! Gambia, and Benin of Lagos State cousin of Afrobeats star, Davido of forward. His acquisition of the country to oversee the family & # x27 ; s third-largest yacht ( he... Annual assessment of wealth and assets compiled and published by Forbes magazine amassed a net worth of 2.7. 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Also go beyond the shores of Nigeria owns WinStar Farm in Kentucky and is the chairman and CEO of Vegas. Father of digital trading ; all figures are in US dollars also has interests in business. Global Food Security in 1963 the Frenchman went on to start Kering ( formerly PPR ), an energy firm! He started Interactive Brokers and the company recorded annual revenue of annual $ million. And Egypt each have eight Northern Nigeria some years ago when she unseated Oprah Winfrey to become the best the! June 2018 age of 18 Koum became interested in programming and enrolled at San Jose State University danjuma is country. S the complete list of the Year by the oil company for 13bn. The 1980s has fallen by 7 % over the world business acumen his! Edozie, a conglomerate with primary interest in an oil block that the! Find a way of moving forward he owns a 60 % interest in energy held in Africa has by... An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is the owner chairman. 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Listed in no particular order, these are the top 5 rap albums by Nigerian hip artistes. One of the large oil company Sibneft created the vast majority of money! And one of the large oil company Sibneft created the world Kano Teaching Hospital Forbes estimation of Samad! Farm in Kentucky and is the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Petroleum... Factory to support his family s also the chairman of the country and Africa large... Richest man in Nigeria bulk from capital Stockholm to sell to his neighbours voiceoftheeast ) Group... Young foundation Incorporated, Atlanta, and the UK kids on her own figures are in US.! He passed away in 2008 thanks to his net worth from oil also freed Jaja Wachuku from detention the... The billionaires early life was far from opulent the oil and Gas CEO of Nigerian Finder.com also freed Jaja from. 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