1. He is among the top richest men in Nigeria, thanks to various investments, including a controlling interest in Transcorp, Nigerias largest publicly traded conglomerate, a significant stake in the United Bank for Africa, and an extensive portfolio of real estate across Nigeria, among other assets. 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. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. While retaining their spot as the most industrious tribes in the country. Another one, Elizabeth Temi is a style blogger and an aspiring designer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Nigerian artistes gave us some amazing songs in the month of February 2023, these are the top 10 Nigerian songs Burna Boys latest album Love, Damini overtakes Wizkids Made In Lagos (Deluxe) on Spotify. 10. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. He is a multi talented artist that sings, rap and acts. Born in Kano in 1960, Abdusalam Rabiu is one of the richest men in the country thanks to his investment in the BUA Group. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. Anchorage Leisures, a subsidiary of the Honeywell Group, owns Radisson Blu, which is a prominent waterfront hotel in Victoria Island, Lagos. This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. His father, Kuru Danjuma was a peasant farmer and metal trader. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. Taaooma Biography: How Old is She and What is Her Net Worth? Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). A post shared by Falz TheBahdGuy (@falzthebahdguy). Asake Or Fireboy DML Who Is Olamides Best Signee So Far? Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. Amancio Ortega has a mammoth net worth of $70 billion (55bn) and is the sixth richest person in the world. Mohed Altrad came from humble beginnings, born an orphaned Bedouin in the Syrian desert. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. He was the chairman of the United Bank of Africa between 1998 and 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. She got a job at a fish and chip shop to stay afloat. He is the founder of the Honeywell Group. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. America will have more Black Presidents. He is an economist, entrepreneur and philanthropist. Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. 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. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. 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. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. Six of his children serve on the companys board, where he is currently the Chairman. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. . The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. Pinault and his family own a 3,000-piece art collection, with works by Picasso, Mondrian and Koons, auction house Christie's, several vineyards, a French soccer club, a theatre in Paris and a luxury yacht and expedition company. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. He is the chairman of Forte Oil Plc, a major importer of fuel products. The foundation once supported the Bayelsa flood victims with N500m. He has held the first position on the list in the last twelve years. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. Hakeem Belo-Osagie also holds an M.A. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. 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. If you feel we missed out on any other artist, kindly tell us below in the comment section. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. 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. The company was founded in 1991. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. His sojourn in business started when he successful ran the family's printing business in the 1980s. Taleveras Group is Nigerian energy, power, construction, and trading conglomerate with annual revenue estimated at $3.5 billion. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. She also a singer and record producer. Still, many of today's billionaires. 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. 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. 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 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. 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. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. A post shared by Femi Ote (@femiotedola). Large freshwater swamps give way to brackish mangrove thickets near the seacoast. The business mogul had to work hard to get where he is today though. In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. Other companies under Ibeto Group include Union Autoparts Manufacturing Co. Ltd, Ibeto Petrochemical Industries Ltd, Ibeto Cement Company Ltd, Eastern Bulkcem Company Ltd, Kingss Palace Hotels Ltd, Ibeto Energy Development Ltd, Palmex Agencies Ltd, Ibeto Industries Ltd, Odoh Holdings Ltd, Ibeto Hotels Ltd, etc. According to Forbes, he is worth $1.1 billion. In broadening his horizon, Artur Eze ventured into politics. In 2016, the company recorded annual revenue of annual $57.71 million. 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. 11. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. In 1990, his company which was then known as Consolidated Oil received a drilling licence and in 1991 they struck oil. After borrowing $900 from a good Samaritan he bought a diner in Detroit and flipped it for a tidy profit. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. 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. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. 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