Home People Entrepreneurs Top 10 Richest Igbo Men in Nigeria (2020)

Top 10 Richest Igbo Men in Nigeria (2020)

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The richest Igbo people according to Forbes are billionaires. The wealth and assets of these Igbo business men have makes their net worth run in dollars.

While retaining their spot as the most industrious tribes in the country. We have listed the current 10 richest Igbo men in Nigeria today.

1. Arthur Eze

Arthur Eze is one of the wealthiest people in Nigeria. He is into the oil and gas sector and the founder of Atlas Oranto Petroleum. This company was founded in 1991 has presence in Nigeria, Guinea, Liberia and the Gambia.

The current net worth of Arthur Eze is $5.8 billion according to Forbes. He is also one of the richest men in Anambra state. Most people see him as a god father in Anambra politics.

It was rumored that he donated close to $100 million dollars to the PDP during the last presidential election. You should also note that Eze is a graduate of chemical and mechanical engineering from the prestigious California State University, Long Beach.

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Currently, Arthur Eze has different cars. Popular among these vehicles is his Rolls Royce. It is also rumored that he is among the private jet owners in Nigeria. He has also engaged himself in numerous philanthropic activities.

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2. Cletus Ibeto

Cletus Ibeto is also one of the richest Igbo men in the country that hails from Anambra state on this list. Born 6th November 1952 in Nnewi, his investments says more about this business man.

Ibeto is the chairman of one of the biggest conglomerates in the country, the Ibeto Group. This conglomerate has business interests in real estate, oil and gas, automotive coupling, hotel business, banking and finance, cement etc.

You might want to know how Cletus Ibeto made his money. Well, he started as a motor parts dealer where he learned as an apprentice before he grew into one of the richest Igbo man in Nigeria 2020.

By 1988, Cletus Ibeto had grown his business to the extent that he was able to stop the direct importation of lead acid automotive battery and plastic motor accessories because his factory manufactured these batteries. And by 1995, the Ibeto Group had become one of the largest auto spare parts manufacturing outfits in the country.

It was in 1996 that the Ibeto Group diversified, entering into the petrochemical industry by producing petroleum products for local and international markets. He is one of the stake holders in this sector.

Currently, Cletus Ibeto is currently worth an estimated $3.7 billion and he is ranked as one of the wealthiest business man in his state. He is a mentor to Innocent Chukwuma of Innoson Motors too.

He is also on the list of top Nigerian Businessmen who ventured into politics. Cletus Ibeto was born on the 6th of November, 1952 in Nnewi, Anambra State to poor family background. His success story has been attributed to hardwork and consistency. He is the founder of Ibeto group.

3. Rochas Okoroacha

Rochas is one of the richest men in the country. Although you hardly see him on the list on various sites, he is said to be one of the wealthiest politicians we have in Nigeria today.

Rochas was the former governor of Imo state and currently a serving senator at the National Assembly. Even though, there are controversies surrounding him at the moment due to the erecting of statues and appointment of his sister as commissioner of happiness in his state, he came from a humble back ground.

Rochas Okorocha parents were poor. Hence, he began the struggle for survival with hawking of groceries in Barkin Ladi, Jos and rose to become a proprietor of a commercial school. See more about his biography here. His current net worth is estimated at $1.5 million.

4. Tony Elumelu

Tony Elumelu net worth is estimated at $1.4 billion which makes him one of the richest men in Nigeria 2020.

Formerly, he was the Chief Executive Officer of UBA before starting his own company, Heir Holdings. As the chairman of Transcorp and the owner of the Tony Elumelu Foundation, he has empowered thousands of entrepreneurs across the African continent.

One of his greatest achievement during his time at UBA, was the expansion of the bank into a pan-African institution with branches in 19 African countries.

Tony Elumelu assets and investments spans from real estate, financial services, agribusiness, energy, hospitality and even the healthcare sector.

5. ABC Orjiako

Before he entered into business full-time, ABC Orjiako was already a successful orthopaedic and trauma surgeon at the Lagos University Teaching Hospital and the National Orthopaedic Hospital before establishing his own company.

Orjiako became the CEO of Shebah E&P Company. This was an oil exploration firm that had 40 percent stake in a licensed offshore block OML 108. This block is responsible for producing about 8000 barrels per day.

It was in the year 2010 that Orjiako’s Sheba changed its name to SEPLAT Petroleum Development Company Ltd, after taking over from the joint venture between shell and total.

Orjiako net worth is said to be estimated at $1.2 billion dollars. His assets and business interests spans from shipping, banking, health,  insurance and real estate.  He is the owner of Neimeth Pharmaceuticals International PLC, a top pharmaceutical firm in Nigeria.

6. Orji Uzor Kalu

He is the among the richest Igbo man in Nigeria. He also owns assets that runs in billions. His company SLOK group has interests in different areas and sectors in the country. He also owns the Sun newspapers, the new telegraph e.t.c.

7. Cosmas Maduka

Top Nigerian Bussiness men, Cosmas Maduka is the second wealthiest Igbo man in the country. He is the founder, President/CEO of Coscharis Group. He started Coscharis Motors as a one man business and over the years has transformed the organization into an indigenous conglomerate.

8. Pascal Dozie

We have written on the biography and net worth of Pascal Dozie. We know that he is also one of the richest entrepreneur in Igbo land. Mr. Pascal G. Dozie is the Co-Founder, Partner, Founding Partner and Non-Executive Partner at African Capital Alliance.

He was the Founder of Diamond Bank PLC and served as its Chief Executive Officer from 1991 to 2006. He served as the President at the Nigeria Stock Exchange also.

9. Tony Ezenna

Chief Tony Ezenna is the Chairman Orange Drugs Limited. He is among the richest billionaires in the country. He has been involved in many philanthrophic acts. He hails from Imo state and is also involved in politics.

10. Ifeanyi Ubah

He recently won the Anambra south senatorial election this 2019. He is also among the rich business igbo man in the country. He is also a philanthropist, oil well owner and has investments in various sectors and industries in Nigeria.

Ifeanyi Ubah owns Capital oil & gas and also a Nigerian football club, Ifeanyi Ubah FC. His net worth is estimated to be $200 million and he is among the richest men in Anambra state today.

Leo Stan Ekeh

He is among the richest Igbo men in Nigeria worthy of mention this 2020

Conclusion

While there are other rich Igbo billionaires like Orji Uzor Kalu, Peter Obi, Emeka Offor, Paschal Edozie etc not mentioned on this list, the ones listed above are Forbes current top 5 richest Igbo men in Nigeria for 2020.

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