According to Forbes’ , there are certain individuals in Nigeria, who are wealthy as they run certain business conglomerates. They are seen to be among the richest people in Nigeria as they have built an empire that shapes the economy of Nigeria.
In this particular year 2020 list of richest men in Nigeria, there are some notable names that joined the fold. In this article, we would be addressing who the richest men in Nigeria are, what businesses made them rich, their net worth and so on.
In no particular order, here are Forbes’ top richest men in Nigeria this 2020 and their net worth.
Forbes Top 10 Richest men in Nigeria (2020)
Dr. Oba Otudeko is the current chairman of Airtel Nigeria, Fan Milk Nigeria PLC and Honeywell Group of companies.
He is an investor, retired banker and an entrepreneur. Oba Otudeko net worth is estimated to be $605 million.
Mohammed Indimi is also an entrepreneur and investor. He is an active player in the Oil and Gas sector.
He is the founder of Oriental Energy Oil Resources Limited which he established in 1990.
Mohammed Indimi net worth is estimated at $650 million and he is one of the richest persons in Nigeria.
He is the Chairman of the popular flour milling, BUA group, a company that deals in the production, supplying of Flour, refining of sugar, ports and terminal management.
Abdulsalam Rabiu net worth is estimated to be $710 million according to Forbes.
In 1980, Mr Abdulsalam Rabiu had his education at the Capital University, Ohio, United States of America after which he came back to Nigeria to take over his father’s business.
In 1988, he then established the BUA group which currently has the second largest sugar refinery in Nigeria. The Company also has various interests other sectors of the economy such as in manufacturing, infrastructure and agriculture.
Mr Abdulsalam’s Company is said to be worth of $2.5 billion financially. He further bought the Nigerian Oil Mill Limited and is the chairman of the Nigerian Bank of Industry. He has many philanthropic works to his credit.
Jim Ovia is the 7th richest man in Nigeria and founder of Zenith Bank. He also has a very large stake in the mobile telecoms company, Visafone.
He is an investor, entrepreneur especially in real. Jim Ovia net worth is estimated to be $840 million.
Orji Uzor Kalu
A one time former governor of Abia state in Nigeria. He was born April 21, 1960.
He is the owner of The Sun Publishing and her sister paper, News Telegraph, a leading Newspaper company in Nigeria.
His company, SLOK Holdings is into various businesses. Orji Uzor Kalu net worth is estimated at $900 million
Popularly known for his charity and philanthropic gesture, Tony Elumelu is the owner of Transcorp and Heirs Holdings.
He was decorated with the Commander of the Order of the Niger (CON) title and was former chairman, United Bank of Africa (UBA).
Tony Elumelu is the fifth richest man in Nigeria 2020 and his net worth is estimated to be at $1 billion.
With a whooping net worth of $1.02 billion, Theophilus Danjuma made his wealth while he was Nigeria’s Army’s Chief of Army Staff between 1975 to 1979.
He is currently the chairman of South Atlantic Petroleum.
He is one of the popular figures in Nigeria and CEO of Zenon Petroleum Oil and Gas and Forte Oil Plc.
He has interest in other sectors asides oil and gas, especially in Real estate.
Femi Otedola’s net worth is estimated at $1.06 billion.
Mike adenuga is the current second richest man in Nigeria 2020.
He is the owner of the second largest telecommunications company in Nigeria – Globacom and the founder of ConOil.
Mike Adenuga current net worth is $4.5 billion.
Aliko Dangote is currently the richest man in Nigeria and Africa this year 2020.
He owns the Dangote Group, which has sub companies that has interests in telecommunications, agricultural production, real estate and so on.
Aliko Dangote’s current net worth is at $17.3 billion.