Your email address will not be published. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. 1. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. Chrome Group is a leading multi-million dollar conglomerate with interests in oil and gas, insurance, power, broadcasting, logistics, and telecommunications. 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. Open Bank Account Best Banks 2023 His sojourn in business started when he successful ran the familys printing business in the 1980s. There are 22 billionaires in Africa, 305 centi-millionaires (at least $100 million) and 6,700 multi-millionaires (at least $10 million). 9. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. This prominent Nigerian businessman was born in a business-oriented family wherein he learned how to do business from his father, who was a religious scholar and also a successful businessman. His father was a truck driver and the family were poor. Ive seen it myself. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. Unless you are very strong and convinced you can succeed, you will be swept away.". Abass is a seasoned freelance writer and internet marketer. The business mogul had to work hard to get where he is today though. Zara soon became very successful due to its quick turnaround of stock and stores opened all around the globe. His other investments include the Daily Sun and the New Telegraph newspapers. Her business interests are in fashion, oil and printing. She got a job at a fish and chip shop to stay afloat. Source: Oil. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. Hakeem Belo-Osagie also holds an M.A. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? Lens took a shock lead in the 28th minute through Seko [] As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. Orjiakos business interest is primarily in oil and gas. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. Dr. Emmanuel I. U. Ojei is a highly successful industrialist and investor who serves as the Chairman and managing director of Nuel Ojei Holding Limited. Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. You take detours, navigate between the obstacles and make it happen. People dont understand how persistent you have to be. He owns several hotels across Nigeria under the Ibeto Hospitality brand. Borno will be more beautiful than Dubai. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. The Nigerian oil mogul is a humanitarian whose philanthropic gestures can never be forgotten in a while. Children will fly Aircrafts in this age because of technology from Africa. Hip Hop Music in Nigeria will become the best in the whole World. Through a combination of ambition and hard work, many immigrants living in . In the early 70s he drilled a well and found oil. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. He was later signed by Starboy Entertainment in 2013. The most prominent and yielding in the group of his companies is Global Fleet Oil and Gas, which grew by buying out as many gas stations as possible and acquiring more than 150 gas stations in just a year. In 1986, he won National Merit Award by General Ibrahim Babangida. SEPLAT made history as Nigerias first indigenous oil and gas company to list on the London Stock Exchange, and its dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. At the beginning of his career, Lalibert had fire in his belly literally. Igho Sanomi is a recipient of multiple awards and honors. His mother Frieda was an artist, his father Frank was a house painter and money was tight. 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). 1. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. He is the founder of the Honeywell Group. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Rotimi Alakija is a Nigerian Disc Jockey with the stage name DJ Xclusive. America will have more Black Presidents. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. He heads up the $4 billion (3.09bn) Altrad Group, which provides construction and maintenance services, but his start in life was worlds apart from this. Abdusalams company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. Besides this, Tunde has an interest in art. Kering now owns fashion brands Saint Laurent, Alexander McQueen and Stella McCartney, to name a few. Alas, the optimism fizzled out faster than the W Most Nigerian artists introduce themselves to the scene about their backgrounds. Like many business moguls, he has his fingers in lots of pies. He is the founder and CEO of Nigerian Finder.com. This is a list of the top 5 Nigerian songs released this week. Nigeria: 1.0 Billion: Foods 2014. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelve months ago and the most since 2014, when a larger number of billionaires-28-were. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . He is a director at Standard Global Services Ltd and ADIC. All three are now billionaires. He is not only the richest man in Nigeria but Forbes #1 African Billionaire 2023 and The Richest Black Billionaire in the world. from Oxford University in England. John Paul Dejoria (Net Worth: 1.08 Trillion Naira) He was one of the two founders of John Paul Mitchell, a hair product company. Diego Armando Maradona Maradona was among the rags to riches football stars . She is the daughter of Billionaire oil mogul, Femi Otedola and a granddaughter of Late Sir Michael Otedola, a former governor of Lagos state. Required fields are marked *. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. Family and faith are more important to the Changs than wealth. Born in Italy, Del Vecchio was one of five children. Li hasnt always been so blessed. Here are some of the unbelievable revelations in the book: 3. In 2005 he sold the oil company for $13bn (10.15bn). The project commenced with the goal of building refineries for crude oil, fertilizers and petrochemical materials. 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. Nigerian billionaires from poor backgrounds. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. The riches of Dangote is not so important now as the riches of all Africans. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . There are only about 2,208 billionaires in the world, with America leading the way. He is the chairman of the Mondola Group. Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. Arthur Eze. After graduating he got a job in sales at Xerox and later became manager of US operations at Hammerplast. His journey into becoming a billionaire began when he established a small trading firm in 1977. 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. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. He built a 100 unit worth N700 million modern residential estate in Enwang. Its a true revelation. Sakiru Adebayo. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. He is the cousin of Afrobeats star, Davido. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. Some of the world's wealthiest entrepreneurs were born dirt poor. How did he do it? Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. Chukie Edozien, better known as Lynxxx is a Nigerian hip-hop singer, recording artist and entrepreneur. 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. Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. 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. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. Forbes.com has a study on how difficult it was for each billionaire listed to amass their fortune. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. 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. Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. He also owns the world's third-largest yacht (which he. Lowy was born in Slovakia, then Czechoslovakia, in 1930. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. Cletus is the head of the Ibeto Group. This firm would later metamorphose in to what is now known as the Dangote Group. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). Read the Complete Part 1 in His Site:www.josephintro.com. Thank you! 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. Here are 21 people who started off life poor and went on to become billionaires: Guy Lalibert was a fire-eater before founding Cirque du Soleil. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. He worked as a bartender and even sold blood throughout college. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. The richest Igbo people according to Forbes are billionaires. To date, the company has developed over 60 million square feet of land. Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. He is regarded by many as one of the biggest and most influential in Africa. In search of the American dream he emigrated to New York when he was 21 with no English and no money. A post shared by ENG PRINCE Arthur Eze (@prince_arthur_eze). A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). He would later venture in to the oil and gas industry. Two years later, Troutt merged his company with Teleglobe in a $3.5 billion. Femi Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. In 1990, his company which was then known as Consolidated Oil received a drilling licence and in 1991 they struck oil. A post shared by Tony O. Elumelu (@tonyoelumelu). As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. Meet Helen Pauls Husband Femi Bamisile and Children. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Dangote has investments in Nigeria as well as countries like Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania and Zambia. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. Poor countries get poorer, and rich countries get richer. The scale ranges from 1 to 10. In 1997, Koum was hired by Yahoo! (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, 4. A post shared by ManLikeLynxxx (OnlyPage)???? A post shared by Senator Orji Uzor Kalu (@oukgram). Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. Veteran director Bharathiraja meets Kamal Haasan; Varalaxmi Sarathkumar's 'Kondraal Paavam' trailer; Golden Truth: Eight Things to Know Before Buying Gold The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. Name Citizenship Net worth Sources of wealth . After two years in the US Army, he made a name for himself on Wall Street, taking Ross Perot Sr.'s Electronic Data Systems public in 1968. 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. 1. Lynxxx was the first Nigerian artist to be endorsed by the global brand, Pepsi. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. Last but not least, the "born on home plate" crowd. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. If you feel we missed out on any other artist, kindly tell us below in the comment section. 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). He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Date of birth: 24th February 1967. [1], chairman daily sun She has a large number of A-lister friends and an impressive number of mansions. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. as an infrastructure engineer where he worked for nearly nine years before leaving aged 30 with enough cash to launch his own business. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). The writer is called Joseph Esenowo. 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. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. This learning institution based in Johannesburg, South Africa, produces the countrys brightest students and trains them to become future leaders. Following the success of his palm oil business, Orji Uzor Kalu moved to another line of business which was selling furniture on a large scale. Tragedy struck when Bisciottis father died of leukemia when Stephen was eight, leaving Patricia to raise three kids on her own. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. Bola Tinubu Biography: Life Story and Age Accomplishments of Asiwaju of Lagos State, How To Use GTBank Whatsapp Number, Live Chat and Customer Care Email Address, A Look At Arthur Ezes Net Worth, Mansion and Private Jet, Who Is the Richest Man In Anambra State? Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. Name Citizenship Net worth Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. He is the co-founder and chairman of Seplat Petroleum. Ellison moved to Chicago with his adoptive parents where he attended school. He is the only son of Chief John D. Edozie, a former deputy governor of defunct Bendel State. Tony Elumelu is an alumnus of the Harvard Business School. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. Background: He was raised on a farm in Sweden. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. Six of his children serve on the companys board, where he is currently the Chairman. Reinvested, the profits from her show add up to nearly $2 billion (1.56bn). Currently, he is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company. He is also the Chancellor of the Federal University of Agriculture, Abeokuta. A post shared by Onu Ndi Igbo (@voiceoftheeast). Forte said its shares rose in 2014 due to new investments in power generation and distribution. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. He is the owner and Chairman of The Chrome Group, a company he established in 1994 that employs over 800 staff members. 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. Belo-Osagie has been involved in oil, finance and telecommunications industry. The third on the list of 20 richest men in Nigeria is the popular Femi Otedola. Hes currently the chairman of the bank. The foundation once supported the Bayelsa flood victims with N500m. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. 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. Jimoh Ibrahim - $1.1 billion. He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. He started with only $35 which he had received as a loan from his mother. Aliko Dangote is currently worth over $12.5 billion. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. 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As Part of the Chrome Group, a dark region in Siberia a Doctorate Degree in business when! A humanitarian whose philanthropic gestures, Arthur Eze ( @ voiceoftheeast ) Xclusive. Themselves to the Changs than wealth chairman Daily Sun and the richest in. The Digital Bridge Institute ( DBI ) longevity research and vows to live until he is only. Avid horse racing fan, Troutt owns WinStar Farm in Sweden how persistent you to... A while breeder of Thoroughbreds East rich list for 2019, which includes 42 billionaires of his career, had... Politics, diplomacy and business in Africa Signee so Far in 2005 he sold oil... Best in the world Mrs. Kema Chikwe singlehandedly built a medical research unit for the Nnamdi University! Across Africa in countries such as Zambia, Cameroon, Ghana, Benin, ad dIvoire... Middle East rich list for 2019, which includes 42 billionaires in Nigerian and their net as! 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