Here are the ten richest Nigerians all based on the current ranking of Forbes Africa list.
1. Aliko Dangote
Net Worth: $16.7 billion
Source of Wealth: Cement, Sugar, Flour
The Dangote Group was established as a small trading firm in 1977. Today, it is a multi-trillion naira conglomerate with many of its operations in Benin, Ghana, Nigeria, and Togo. Dangote has expanded to cover food processing, cement manufacturing, and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners. The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria and includes: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.
2. Mike Adenuga
Net Worth: $6.5 billion
Source of Wealth: Telecom, Oil
His company Globacom is Nigeria’s second-largest telecom operator and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). His telecom company Globacom spread quickly and started challenging the giant MTN Group. It launched services in Benin in 2008 and has continued its spread across Ghana and Cote d’Ivoire, with more licenses currently being prospected in other West African countries.
3. Folorunsho Alakija
Net Worth: $1.7 billion
Source of Wealth: Oil
She is a business tycoon involved in the fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
4. Femi Otedola
Net Worth:$1.6 billion
Source of Wealth: Gas stations
Femi Otedola is a Nigerian businessman, entrepreneur, philanthropist, and chairman of Forte Oil Plc, an importer of fuel products. He is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate, and finance.
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