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10 richest person in NigerianBased on the most recent and reliable data available, here’s a list of the 10 richest people in Nigeria in 2025, including their estimated net worth and primary sources of wealth. The rankings and net worth figures are primarily drawn from sources like Forbes, Bloomberg, and other financial reports, with a focus on the latest updates from 2025. Note that net worth estimates can vary slightly across sources due to different valuation methods, market fluctuations, and currency exchange rates.
.Aliko Dangote Net Worth: $23.9 billion
Source of Wealth: Manufacturing (Dangote Group – cement, sugar, flour, oil refining)
Details: Aliko Dangote, Africa’s richest person, chairs Dangote Group, with an 85% stake in Dangote Cement, the continent’s largest cement producer. His $23 billion Dangote Refinery, operational since 2024, has significantly boosted his wealth by reducing Nigeria’s reliance on imported fuel. His empire spans cement, sugar, flour, and now oil refining, with operations in 10 African countries.
Mike Adenuga Net Worth: $6.8 billion
Source of Wealth: Telecommunications (Globacom), oil (Conoil Producing)
Details: The founder of Globacom, Nigeria’s second-largest telecom operator with 60 million subscribers, Adenuga also owns Conoil Producing, a leading indigenous oil company. His portfolio includes stakes in Sterling Financial Holding and Julius Berger Nigeria Plc, plus the Glo-1 submarine cable linking Nigeria to Europe.
Abdul Samad Rabiu Net Worth: $5.2 billion
Source of Wealth: Manufacturing (BUA Group – cement, sugar, real estate)
Details: Rabiu heads BUA Group, with BUA Cement being Nigeria’s second-largest cement producer. BUA Foods, another key venture, is a major player in consumer goods. His wealth is bolstered by investments in ports, mining, and steel, alongside philanthropy through the ASR Africa initiative.
Arthur Eze Net Worth: $5 billion
Source of Wealth: Oil (Atlas Oranto Petroleum)
Details: A veteran oil magnate, Eze founded Atlas Oranto Petroleum, Africa’s largest holder of oil exploration blocks. His wealth stems from oil exploration and production, primarily in eastern Nigeria, making him a key player in the energy sector.
Femi Otedola Net Worth: $1.5 billion
Source of Wealth: Energy (Geregu Power), oil, real estate
Details: Otedola made a comeback to billionaire status through his investments in Geregu Power Plc, a leading power generation firm. He previously chaired Forte Oil and has interests in real estate and philanthropy, including donations to healthcare and education.
Folorunsho Alakija Net Worth: $1 billion
Source of Wealth: Oil (Famfa Oil), real estate, fashion
Details: Nigeria’s richest woman, Alakija owns a significant stake in the Agbami Oilfield through Famfa Oil. She started in fashion with Supreme Stitches and owns luxury real estate through Dayspring Property Development. Her philanthropy supports widows via the Rose of Sharon Foundation.
Jim Ovia Net Worth: $1 billion
Source of Wealth: Banking (Zenith Bank), real estate, telecom
Details: Ovia founded Zenith Bank, one of Nigeria’s largest banks, where he holds a 16.2% stake. His investments extend to real estate and previously included Visafone, sold to MTN in 2016. His Jim Ovia Foundation supports education and financial inclusion.
Igho Sanomi Net Worth: $1 billion
Source of Wealth: Oil (Taleveras Group), energy, real estate
Details: A young billionaire, Sanomi founded Taleveras Group, an energy trading company with interests in oil, power, telecom, aviation, and real estate. His Dickens Sanomi Foundation focuses on humanitarian efforts.
Pascal Dozie Net Worth: $1 billion
Source of Wealth: Banking (Diamond Bank), telecom (MTN Nigeria)
Details: Dozie founded Diamond Bank, which merged with Access Bank in 2019. His investments in MTN Nigeria and other ventures have solidified his wealth. He remains influential in Nigeria’s financial sector.
Tony Elumelu Net Worth: $1 billion
Source of Wealth: Banking (United Bank for Africa), investments
Details: Elumelu, a prominent entrepreneur and philanthropist, led United Bank for Africa (UBA) as CEO and now chairs Heirs Holdings. His investments span finance, energy, and hospitality, with significant philanthropy through the Tony Elumelu Foundation.
Notes:Sources: The net worth figures and rankings are based on data from Forbes, Bloomberg, and other financial publications like Legit.ng and Businessday NG, with the most recent updates from 2025. Variations in net worth estimates (e.g., Dangote’s wealth ranging from $23.8 billion to $28.1 billion) reflect different valuation methodologies and currency fluctuations.
Wealth Distribution: The list highlights Nigeria’s economic diversity, with wealth concentrated in oil, cement, telecom, and banking. Many of these individuals are also philanthropists, contributing to education, healthcare, and poverty alleviation.
Gender Representation: Folorunsho Alakija stands out as the only woman in the top 10, reflecting the gender disparity in Nigeria’s billionaire class.
Currency Impact: The naira’s volatility has affected some net worth estimates, particularly for Dangote, whose wealth dipped in 2024 due to currency devaluation but rebounded with the refinery’s success.
If you need more details on any individual or their businesses, let me know!
25 web pages
more on Dangote
wealth in South Africa
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10 richest person in Nigerian
Based on the most recent and reliable data available, here’s a list of the 10 richest people in Nigeria in 2025, including their estimated net worth and primary sources of wealth. The rankings and net worth figures are primarily drawn from sources like Forbes, Bloomberg, and other financial reports, with a focus on the latest updates from 2025. Note that net worth estimates can vary slightly across sources due to different valuation methods, market fluctuations, and currency exchange rates.
- Aliko Dangote
- Net Worth: $23.9 billion
- Source of Wealth: Manufacturing (Dangote Group – cement, sugar, flour, oil refining)
- Details: Aliko Dangote, Africa’s richest person, chairs Dangote Group, with an 85% stake in Dangote Cement, the continent’s largest cement producer. His $23 billion Dangote Refinery, operational since 2024, has significantly boosted his wealth by reducing Nigeria’s reliance on imported fuel. His empire spans cement, sugar, flour, and now oil refining, with operations in 10 African countries.
- Mike Adenuga
- Net Worth: $6.8 billion
- Source of Wealth: Telecommunications (Globacom), oil (Conoil Producing)
- Details: The founder of Globacom, Nigeria’s second-largest telecom operator with 60 million subscribers, Adenuga also owns Conoil Producing, a leading indigenous oil company. His portfolio includes stakes in Sterling Financial Holding and Julius Berger Nigeria Plc, plus the Glo-1 submarine cable linking Nigeria to Europe.
- Abdul Samad Rabiu
- Net Worth: $5.2 billion
- Source of Wealth: Manufacturing (BUA Group – cement, sugar, real estate)
- Details: Rabiu heads BUA Group, with BUA Cement being Nigeria’s second-largest cement producer. BUA Foods, another key venture, is a major player in consumer goods. His wealth is bolstered by investments in ports, mining, and steel, alongside philanthropy through the ASR Africa initiative.
- Arthur Eze
- Net Worth: $5 billion
- Source of Wealth: Oil (Atlas Oranto Petroleum)
- Details: A veteran oil magnate, Eze founded Atlas Oranto Petroleum, Africa’s largest holder of oil exploration blocks. His wealth stems from oil exploration and production, primarily in eastern Nigeria, making him a key player in the energy sector.
- Femi Otedola
- Net Worth: $1.5 billion
- Source of Wealth: Energy (Geregu Power), oil, real estate
- Details: Otedola made a comeback to billionaire status through his investments in Geregu Power Plc, a leading power generation firm. He previously chaired Forte Oil and has interests in real estate and philanthropy, including donations to healthcare and education.
- Folorunsho Alakija
- Net Worth: $1 billion
- Source of Wealth: Oil (Famfa Oil), real estate, fashion
- Details: Nigeria’s richest woman, Alakija owns a significant stake in the Agbami Oilfield through Famfa Oil. She started in fashion with Supreme Stitches and owns luxury real estate through Dayspring Property Development. Her philanthropy supports widows via the Rose of Sharon Foundation.
- Jim Ovia
- Net Worth: $1 billion
- Source of Wealth: Banking (Zenith Bank), real estate, telecom
- Details: Ovia founded Zenith Bank, one of Nigeria’s largest banks, where he holds a 16.2% stake. His investments extend to real estate and previously included Visafone, sold to MTN in 2016. His Jim Ovia Foundation supports education and financial inclusion.
- Igho Sanomi
- Net Worth: $1 billion
- Source of Wealth: Oil (Taleveras Group), energy, real estate
- Details: A young billionaire, Sanomi founded Taleveras Group, an energy trading company with interests in oil, power, telecom, aviation, and real estate. His Dickens Sanomi Foundation focuses on humanitarian efforts.
- Pascal Dozie
- Net Worth: $1 billion
- Source of Wealth: Banking (Diamond Bank), telecom (MTN Nigeria)
- Details: Dozie founded Diamond Bank, which merged with Access Bank in 2019. His investments in MTN Nigeria and other ventures have solidified his wealth. He remains influential in Nigeria’s financial sector.
- Tony Elumelu
- Net Worth: $1 billion
- Source of Wealth: Banking (United Bank for Africa), investments
- Details: Elumelu, a prominent entrepreneur and philanthropist, led United Bank for Africa (UBA) as CEO and now chairs Heirs Holdings. His investments span finance, energy, and hospitality, with significant philanthropy through the Tony Elumelu Foundation.
Notes:
- Sources: The net worth figures and rankings are based on data from Forbes, Bloomberg, and other financial publications like Legit.ng and Businessday NG, with the most recent updates from 2025. Variations in net worth estimates (e.g., Dangote’s wealth ranging from $23.8 billion to $28.1 billion) reflect different valuation methodologies and currency fluctuations.
- Wealth Distribution: The list highlights Nigeria’s economic diversity, with wealth concentrated in oil, cement, telecom, and banking. Many of these individuals are also philanthropists, contributing to education, healthcare, and poverty alleviation.
- Gender Representation: Folorunsho Alakija stands out as the only woman in the top 10, reflecting the gender disparity in Nigeria’s billionaire class.
- Currency Impact: The naira’s volatility has affected some net worth estimates, particularly for Dangote, whose wealth dipped in 2024 due to currency devaluation but rebounded with the refinery’s success.
If you need more details on any individual or their businesses, let me know!
25 web pages
more on Dangote
wealth in South Africa
10 richest person in Nigerian
Based on the most recent and reliable data available, here’s a list of the 10 richest people in Nigeria in 2025, including their estimated net worth and primary sources of wealth. The rankings and net worth figures are primarily drawn from sources like Forbes, Bloomberg, and other financial reports, with a focus on the latest updates from 2025. Note that net worth estimates can vary slightly across sources due to different valuation methods, market fluctuations, and currency exchange rates.
- Aliko Dangote
- Net Worth: $23.9 billion
- Source of Wealth: Manufacturing (Dangote Group – cement, sugar, flour, oil refining)
- Details: Aliko Dangote, Africa’s richest person, chairs Dangote Group, with an 85% stake in Dangote Cement, the continent’s largest cement producer. His $23 billion Dangote Refinery, operational since 2024, has significantly boosted his wealth by reducing Nigeria’s reliance on imported fuel. His empire spans cement, sugar, flour, and now oil refining, with operations in 10 African countries.
- Mike Adenuga
- Net Worth: $6.8 billion
- Source of Wealth: Telecommunications (Globacom), oil (Conoil Producing)
- Details: The founder of Globacom, Nigeria’s second-largest telecom operator with 60 million subscribers, Adenuga also owns Conoil Producing, a leading indigenous oil company. His portfolio includes stakes in Sterling Financial Holding and Julius Berger Nigeria Plc, plus the Glo-1 submarine cable linking Nigeria to Europe.
- Abdul Samad Rabiu
- Net Worth: $5.2 billion
- Source of Wealth: Manufacturing (BUA Group – cement, sugar, real estate)
- Details: Rabiu heads BUA Group, with BUA Cement being Nigeria’s second-largest cement producer. BUA Foods, another key venture, is a major player in consumer goods. His wealth is bolstered by investments in ports, mining, and steel, alongside philanthropy through the ASR Africa initiative.
- Arthur Eze
- Net Worth: $5 billion
- Source of Wealth: Oil (Atlas Oranto Petroleum)
- Details: A veteran oil magnate, Eze founded Atlas Oranto Petroleum, Africa’s largest holder of oil exploration blocks. His wealth stems from oil exploration and production, primarily in eastern Nigeria, making him a key player in the energy sector.
- Femi Otedola
- Net Worth: $1.5 billion
- Source of Wealth: Energy (Geregu Power), oil, real estate
- Details: Otedola made a comeback to billionaire status through his investments in Geregu Power Plc, a leading power generation firm. He previously chaired Forte Oil and has interests in real estate and philanthropy, including donations to healthcare and education.
- Folorunsho Alakija
- Net Worth: $1 billion
- Source of Wealth: Oil (Famfa Oil), real estate, fashion
- Details: Nigeria’s richest woman, Alakija owns a significant stake in the Agbami Oilfield through Famfa Oil. She started in fashion with Supreme Stitches and owns luxury real estate through Dayspring Property Development. Her philanthropy supports widows via the Rose of Sharon Foundation.
- Jim Ovia
- Net Worth: $1 billion
- Source of Wealth: Banking (Zenith Bank), real estate, telecom
- Details: Ovia founded Zenith Bank, one of Nigeria’s largest banks, where he holds a 16.2% stake. His investments extend to real estate and previously included Visafone, sold to MTN in 2016. His Jim Ovia Foundation supports education and financial inclusion.
- Igho Sanomi
- Net Worth: $1 billion
- Source of Wealth: Oil (Taleveras Group), energy, real estate
- Details: A young billionaire, Sanomi founded Taleveras Group, an energy trading company with interests in oil, power, telecom, aviation, and real estate. His Dickens Sanomi Foundation focuses on humanitarian efforts.
- Pascal Dozie
- Net Worth: $1 billion
- Source of Wealth: Banking (Diamond Bank), telecom (MTN Nigeria)
- Details: Dozie founded Diamond Bank, which merged with Access Bank in 2019. His investments in MTN Nigeria and other ventures have solidified his wealth. He remains influential in Nigeria’s financial sector.
- Tony Elumelu
- Net Worth: $1 billion
- Source of Wealth: Banking (United Bank for Africa), investments
- Details: Elumelu, a prominent entrepreneur and philanthropist, led United Bank for Africa (UBA) as CEO and now chairs Heirs Holdings. His investments span finance, energy, and hospitality, with significant philanthropy through the Tony Elumelu Foundation.
Notes:
- Sources: The net worth figures and rankings are based on data from Forbes, Bloomberg, and other financial publications like Legit.ng and Businessday NG, with the most recent updates from 2025. Variations in net worth estimates (e.g., Dangote’s wealth ranging from $23.8 billion to $28.1 billion) reflect different valuation methodologies and currency fluctuations.
- Wealth Distribution: The list highlights Nigeria’s economic diversity, with wealth concentrated in oil, cement, telecom, and banking. Many of these individuals are also philanthropists, contributing to education, healthcare, and poverty alleviation.
- Gender Representation: Folorunsho Alakija stands out as the only woman in the top 10, reflecting the gender disparity in Nigeria’s billionaire class.
- Currency Impact: The naira’s volatility has affected some net worth estimates, particularly for Dangote, whose wealth dipped in 2024 due to currency devaluation but rebounded with the refinery’s success.
If you need more details on any individual or their businesses, let me know!
25 web pages
more on Dangote
wealth in South Africa
