List: 21 Richest Nigerian Billionaires

Very few Nigerians have made the Forbes list of richest people in the world the reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange).

The few Nigerians that have the list are Aliko Dangote, Mike Adenuga and Femi Otedola.

The list of top 21 Richest Nigerian billionaires has been based on:



The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.

Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top.

In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Check out the list below:

1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world

2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom

3. Femi Otedola – ZENON Oil and Gas

4. Orji Uzor Kalu – Slok Group

5. Cosmos Maduka – Coscharis Group

6. Jimoh Ibrahim – Nicon Insurance, Global Flee

7. Jim Ovia – Zenith Bank, Visafone


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