This firm would later metamorphose in to what is now known as the Dangote Group. He is the son of Billionaire and industrialist, Taiwo Afolabi. Igho is the chairman of several companies and he is the Executive Director of Cosmos oil AG and the founder/chairman of Taleveras, an energy trading company. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. 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. Eventually, he established the SLOK Holding which is conglomerate comprising Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited. Your email address will not be published. They produced the highest local content and manufacturing and has the highest diaspora community across the globe. The chairman of pan-African. Now discover the college droputs who became billionaires. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. Meet Helen Pauls Husband Femi Bamisile and Children. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Some of which include 100 million donations to the fight against child malnutrition in Nigeria (2007), N200 million donations to the presidential library, N50 million donations to the National Mosque, among many others. 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 Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. A post shared by Espact | Business Plan | Tech (@espactonline). With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. The company has grown to become a leading global energy and services company with interests in oil, telecommunications, maritime, aviation, and real estate. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. It wasnt until 1952, after a stint in a detention camp in Cyprus and fighting in the 1948 Arab-Israeli War, that Lowy moved to Australia armed with one suitcase and no money. He is the founder of Oriental Energy Resources, a privately owned Nigerian oil exploration and production company that owns three major offshore assets in Nigeria, including OML 115, Ebok Field (OML 67), and the Okwok Field (OML 67). A post shared by Blindspotng (@blindspotng). This is a list of the top 5 Nigerian songs released this week. With a net worth estimated to be $650 million, Obafoluke Otudeko is a Chartered Banker, Chartered accountant, and Chartered Secretary by profession. Below are some of the awards and honors he has received over the course of his career and business ventures. As for Ortega, he is notoriously private, rarely gives interviews and, unlike fellow billionaires, is known for maintaining a simple lifestyle. Please try again later. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. A post shared by ManLikeLynxxx (OnlyPage)???? chairman first international bank limited As of January 2023, Forbes estimation of Abdul Samad Isyaku Rabius net worth is pegged at $7.6 billion. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . 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. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Instead, inspired by the surrounding oil in Oklahoma, he started reading up on geology, at the same time as launching his own trucking company. He was the owner of Visafone Communications Limited, which he had long sold to MTN. When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. In the late 1980s he started his casino business and began to make serious money. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. He is the founder and Chairman of Atlas Oranto Petroleum a reputable company with assets in Nigeria, Liberia, Guinea and the Gambia. Of his past he said: "I had no special dream only the ambition not to accept my initial destiny.". 1. 1. Femi Otedola is the son of the former Lagos State Governor, Michael Otedola. also against the background of poor economic data. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? This book is intended for everyone with a social security number in the United States of America. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. Encouraged by his parents, Schultz got a place at Northern Michigan University via an athletic scholarship. 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? Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. He is the chairman of Prince luxury group and founder of Prince omoha foundation. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . By the age of 18 Koum became interested in programming and enrolled at San Jose State University. Lynxxx was the first Nigerian artist to be endorsed by the global brand, Pepsi. She got a job at a fish and chip shop to stay afloat. 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. But his upbringing was anything but affluent. All Vecchios hard work and work experience paid off and at 25 he went on to open his own moulding shop. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. . L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). 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). They started from the bottom, but their hard work has paid off. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. Apart from her wealth, Folorunso Alakija is known for her philanthropic activities. 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. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. Danjuma was also able to prevent the Dimka Coup in 1976. He was the chairman of the United Bank of Africa between 1998 and 2004. 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. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. He established the BUA Group in 1988. Name Citizenship Net worth Sources of wealth . Over the years, this businessman has mastered the art of producing these commodities locally. Date of birth: 24th February 1967. His wealth comes from investments and entrepreneurship. 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. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. A post shared by Aliko Dangote (@dangote_fanpage). You take detours, navigate between the obstacles and make it happen. She's 31, she has five children born by the "billionaire" kidnapper, and she has been by his side since the age of 17. 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. He is the only son of Chief John D. Edozie, a former deputy governor of defunct Bendel State. Aliko Dangote is currently worth over $12.5 billion. No less than 10 African countries boast billionaires, the report says. He has an estimated net worth of $1 billion. Besides his companies, he has investments spread across various sectors in the country and beyond. Honeywell group, where he serves as the boards chairman, is a business conglomerate with operations stretching across oil and gas, flour milling, real estate, and marine transportation. Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. 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. His net worth is estimated at $550 million, according to Forbes. He founded Credit Transactions and Investments Limited (CTIL), an energy consulting firm. Rotimi Alakija is a Nigerian Disc Jockey with the stage name DJ Xclusive. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). The septuagenarian oil tycoon said: "It just grabbed my imagination that anybody could find this hidden, ancient wealth and it was yours." The billionaire also has interests in other business ventures, which largely contributes to his net worth. Kalu is also the chairman of First International Bank Limited, which operates branches throughout Gambia. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. Igho Sanomi is a recipient of multiple awards and honors. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. His mother Frieda was an artist, his father Frank was a house painter and money was tight. He started as a rapper in secondary school. Her business interests are in fashion, oil and printing. This is where he learnt to make clothes by hand. 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. A post shared by Femi Ote (@femiotedola). Get the latest money-saving tips, expert strategies for boosting your wealth and generally-useful financial info sent straight to your inbox by entering your email address below. 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). . Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. 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. The 39-year-old man is known for his luxurious lifestyle. People shall go to Space (the Moon and other Planets) from their houses in Africa. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. He dropped out of two colleges, yet his entrepreneurial spirit has seen him making money selling stolen gasoline, rubber ducks, perfumes and automotive parts, and from businesses ventures such as pig farming and bodyguard recruitment. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. 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). Lists 2022. 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. But nothing was handed to Xin on a plate. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. 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. The writer is called Joseph Esenowo. His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. Image credit Sunday Alamba via The Commonwealth Flickr CC. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). 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. There are only about 2,208 billionaires in the world, with America leading the way. He is the son of popular Senior Advocate of Nigeria, Femi Falana. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. On the list and in second place, according to the Al-Iqtissadi site, is Brazilian businessman Joseph Safra, 80, who comes from a Syrian family, with a value of 25.2 billion dollars, making him the richest banker in the world. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. Atlas Oranto Petroleum owns equity and working interests in several acreages across the Gulf of Guinea; this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin. Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. How did he do it? Xin was determined to learn however and would attend evening school after work. Most of their Diasporas are engage in b Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. 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. When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. Langone dug ditches for the Long Island Expressway and his high school principal advised his parents not to waste their money sending the unpromising student to college. Through a combination of ambition and hard work, many immigrants living in . In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. Name Citizenship Net worth (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, Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. His business interests spread both locally as well as internationally. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. She also a singer and record producer. That a Nigerian billionaire and his . He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. Arthur Eze Arthur Eze [] A post shared by The Heritage Times (@thtafrica). Langone is a philanthropist and in 1999 donated $10 million to NYU's part-time MBA programme and $200 million (155m) to the university's medical centre in 2008. Ellison has stated that he did not enjoy school and did not excel academically. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. In 2009 Koum co-founded real-time messaging app WhatsApp. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. Nigerians Drag Davido On Twitter For Liking Video Accusing Labour Party Of Rigging Election, I wan send d boy 1m Davido Promises To Gift Keke Rider One Million Naira For Flooding Tricycle With His Pictures (Video), Shege Don Tire Me, I Am Voting For A New Nigeria Falz, Nigeria Albums To Be Released In 2023 [Pt.1], Your email address will not be published. Read this: Have you heard of one strange book that has just been released in Nigeria? He is the co-founder of hair-care company John Paul Mitchell Systems, which generates $1 billion (770m) in annual revenue, as well as high-end tequila company Patrn Spirits, which sells more than two million cases each year. 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 is the founder and chairman of Cosmos AG oil. He is the founder of SIFAX Group of Companies. Arthur Eze. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. Tony Elumelu has greatly contributed to the economic growth of the country and Africa at large. Nigeria is a country that is home to many wealthy individuals. The Cure for AIDS will be discovered in Africa by Africans. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. Peterffy was born in Budapest, Hungary in 1944 in a hospital basement during a Russian air raid. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. In this post, well take a look at the 20 richest individuals in the country. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? 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. 2012- Officer of the Federal Republic of Nigeria. Eventually, Benedict founded Aiteo Group which is currently reputed to own one of the largest petroleum tank farms in the country. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. 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 has, over time, donated generously to PDP and supports other political parties as well. Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. In its 2013 list of billionaires,. 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. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. Background: He was raised on a farm in Sweden. Que Peller is a musician and magician signed to Aquila records. He sits or has sat on boards of prestigious firms, including Fan Milk Plc, Airtel Nigeria, Honeywell Group, First Bank of Nigeria, Eco Bank, and Guinness Nigeria Plc. Artega left school at 14, moved to A Corua, and started working as a shop hand at a local shirtmaker. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. The richest region in Nigeria is the southeast region because they have the highest GDP per capita, also they have far less youth unemployment in Nigeria despite being marginalised. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. The scale ranges from 1 to 10. Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun, and New Telegraph newspapers in Nigeria, and served as the governor of Abia State, Nigeria, from May 29, 1999, to May 29, 2007. Ingvar Kamprad. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. But sadly it wasnt enough and he was sent to foster care and wound up in a gang, before finding an olive branch in the form of the military. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. FORBES counts only two female billionaires in Africa: Angola's Isabel dos Santos - Africa's richest woman with a $3.2 billion fortune, and Nigeria's Alakija. 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