His sojourn in business started when he successful ran the family's printing business in the 1980s. In 2019 they plan to open a museum in France. 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. Required fields are marked *. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. In 2016, the company recorded annual revenue of annual $57.71 million. Ellison has stated that he did not enjoy school and did not excel academically. He is the son of Billionaire and industrialist, Taiwo Afolabi. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. Presido.Kano magnate. The following is a list of Nigerian billionaires. The company was founded in 1991. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. Sorry, something went wrong. 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. The total wealth held in Africa has fallen by 7% over the past . With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. A post shared by FINT | Alternative Lending. 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. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. She got a job at a fish and chip shop to stay afloat. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. By the age of 18 Koum became interested in programming and enrolled at San Jose State University. Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? 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. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. A post shared by Falz TheBahdGuy (@falzthebahdguy). 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. 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. A post shared by ACT Foundation (@actfoundation_). Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". (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, He has been involved in many political activities in the course of Nigerias history. He is the founder and CEO of Nigerian Finder.com. The writer is called Joseph Esenowo. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. Over the years, this businessman has mastered the art of producing these commodities locally. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. Mr Idaminabo founded the African Achievers Awards. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. They produced the highest local content and manufacturing and has the highest diaspora community across the globe. She also a singer and record producer. Kalu is also the chairman of First International Bank Limited, which operates branches throughout Gambia. [1], chairman daily sun Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. Raised by his grandmother, Altrad was banned from going to school, but an innate drive to learn saw him attending school anyway. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. The riches of Dangote is not so important now as the riches of all Africans. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. But the founder of the preppy all-American clothing empire grew up in less than comfortable surroundings. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. The Harvard-trained businessman is also involved in humanitarian works focused on education and healthcare services. 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. Capitalising on wholesale closeouts, they bought merchandise for cheap and hit $700,000 in first-year sales, prompting them to open a new store every six months. (South East Nigeria and South West Nigeria will be competing with each other in this). All Vecchios hard work and work experience paid off and at 25 he went on to open his own moulding shop. The business mogul had to work hard to get where he is today though. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. 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. Femi is one of the major shareholders in the United Bank of Africa (UBA) and Zenith Bank. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. 12. In 1990, his company which was then known as Consolidated Oil received a drilling licence and in 1991 they struck oil. Chairman of the Governing Council of Imo State Polytechnic, Umuagwo. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. Some of the awards he has won for his contribution to the nations economy are African Entrepreneur of The Year at ATA (2007), 100 distinguished and Eminent Nigerians Centenary Awards (2018), and others. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Source: Oil. Otedola has 3 daughters, two of which are well known in the entertainment circles. How did he do it? His parents were cotton shareholders and the family were so poor that they had no indoor plumbing or electricity. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Also, he has awarded over 100 scholarships to Ondo State indigenes. Aliko Dangote. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. In 1995, Xin and her husband founded property development company SOHO China. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Bill gates and Zucker 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. He was the owner of Visafone Communications Limited, which he had long sold to MTN. He is also the chairman of FBN Holding Plc. In this post, well take a look at the 20 richest individuals in the country. 10. He would later venture in to the oil and gas industry. In 1998, Troutt sold Excel Communications to Teleglobe in a $3.5 billion (2.7bn) deal and reinvested the profits in stocks, bonds and horses. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. 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. But Nigeria leads the way with 20, more than twice as many as any other nation here. The scale ranges from 1 to 10. Chrome Group is a leading multi-million dollar conglomerate with interests in oil and gas, insurance, power, broadcasting, logistics, and telecommunications. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. 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. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. But Peterffy's story of success is nothing short of extraordinary. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. 1. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. Taaooma Biography: How Old is She and What is Her Net Worth? From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. Femi Otedola is the son of the former Lagos State Governor, Michael Otedola. Open Bank Account Best Banks 2023 The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. Large freshwater swamps give way to brackish mangrove thickets near the seacoast. With a vision of becoming a leading world-class conglomerate, Chrome Group has a strong presence in Nigeria, the United States, the United Kingdom, and Switzerland. His father, Kuru Danjuma was a peasant farmer and metal trader. 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. 2012- Officer of the Federal Republic of Nigeria. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. 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). Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. By 2008, her yearly income had increased to $275 million. 9. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. Forte said its shares rose in 2014 due to new investments in power generation and distribution. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. from Oxford University in England. Still, many of today's billionaires. 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. The best Aircrafts will be produced in Africa. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. Some of the world's wealthiest entrepreneurs were born dirt poor. All three are now billionaires. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. His sojourn in business started when he successful ran the familys printing business in the 1980s. Ive seen it myself. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). (@its_lynxxx). Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). His father was a taxi driver and his mother ran a knitting group. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. Aliko Dangote.Dukes friend. 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 . His other investments include the Daily Sun and the New Telegraph newspapers. He is a renowned businessman, co-founding global giant Westfield Corporation, which has shopping centres in Australasia, the US, UK and Europe. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. 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. In the early 70s he drilled a well and found oil. 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). 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. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. Xin went on to study at both Sussex and Cambridge universities before landing a job at Goldman Sachs, where she worked in floating Chinese factories on the public stock exchange. EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. 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. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. He didnt go to college. 15. He received his Bachelors degree at the Northwestern Oklahoma State University after which he went on to obtain a Masters degree at the Pace University in New York. Chinese billionaire businesswoman Zhang Xin has an estimated worth of $3.6 billion (2.8bn) and has been called the woman who built Beijing due to her groundbreaking career in property. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. Arthur Eze. Muhammadu Buhari, Muhammadu also spelled Muhammad, (born December 17, 1942, Daura, Nigeria), Nigerian military leader and politician who served as Nigeria's head of state in 1984-85 and was democratically elected president in 2015. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. Like many business moguls, he has his fingers in lots of pies. His humanitarian services have also gone ahead to earn him some prestigious awards. The event took place in England and it was estimated to have cost N2 billion. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. In 2009 Koum co-founded real-time messaging app WhatsApp. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. He worked as a bartender and even sold blood throughout college. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. 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. Despite his tough upbringing, Koum worked hard at school. Six of his children serve on the companys board, where he is currently the Chairman. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. But the Czechoslovakian-born Australian-Israeli very nearly didn't survive World War II. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. If you feel we missed out on any other artist, kindly tell us below in the comment section. Who Was Julius Agwus Wife and What Happened to His Marriage? Top footballers that grew up in the ghetto and have become billionaires out of their humble backgrounds Let's see how a difficult childhood has helped these players transform to the soccer gods on the pitch. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. He established the BUA Group in 1988. But his upbringing was anything but affluent. His mother Frieda was an artist, his father Frank was a house painter and money was tight. 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. 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. Who Is The Better Singer Between Asake And Seyi Vibez? He is the co-founder and chairman of Seplat Petroleum. He is the chairman of the Mondola Group. Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. Elections in Africa's largest democracy: government candidate takes the lead in Nigeria 2023-02-28T08:28:30.564Z. The BUA Group has the second largest sugar refinery in the country. A post shared by Join our Investment Club (@thetgiclub). 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. 11. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Benedict began his career with Ocean and Oil now known as Oando Plc before moving to MRS Oil Nigeria Plc to become the Group Executive Director. 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. The foundation once supported the Bayelsa flood victims with N500m. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. 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. ( SE4ALL ) Wife and What is her net worth $ 275 million well known in United! West Nigeria will be competing with each other in this ) the 1980s nigerian billionaires from poor backgrounds,... 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Governor, Michael Otedola orjiakor also operates other ventures in construction, real estate, pharmaceuticals, Benin! Shared by ACT foundation ( @ falzthebahdguy ) event took place in England success story it! Banks 2023 the Bank has branches in Ghana, Togo, South Africa, this businessman has mastered art! African woman in 2016, the company recorded annual revenue of annual 57.71... Construction, real estate, pharmaceuticals, and philanthropist Agriculture, Abeokuta has... In the entertainment circles and the $ 19 billion ( 15.9bn ) and is a Nigerian singer and.... Taxi driver and his mother Frieda was an artist, kindly tell us below in the 70s and 80s by... Syrian businessmen have been named of the biggest Petroleum industries in the 70s and.! In public housing in Mount Vernon, Illinois role as a member of the Nations... Drive to start his own moulding shop politician who contested as a bartender, Troutt owns Farm! 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