Net worth: $42.2 billion. The reason she did so well? (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, All Rights Reserved. He started with only $35 which he had received as a loan from his mother. America will have more Black Presidents. The foundation once supported the Bayelsa flood victims with N500m. also against the background of poor economic data. He is also involved in numerous other philanthropic activities. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. Image credit Sunday Alamba via The Commonwealth Flickr CC. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. He is the CEO of Global Fleet Group, a diversified conglomerate with a presence in Nigeria and the UK. But the founder of the preppy all-American clothing empire grew up in less than comfortable surroundings. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. The billionaire started as a soldier, having served in the Nigerian Army. He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. The 39-year-old man is known for his luxurious lifestyle. His wealth comes from investments and entrepreneurship. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). HOW THE BILLIONAIRE SON TREATED ME BECAUSE AM FROM A POOR HOME (New Hit movies)Latest Nigerian MovieEXCEL NOLLYTV Channel on YouTube is your best plug for ex. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. To date, the company has developed over 60 million square feet of land. 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. Six of his children serve on the companys board, where he is currently the Chairman. Her love for students has seen her sponsor many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. Tony Rex Idaminabo. Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). 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). Mohed Altrad came from humble beginnings, born an orphaned Bedouin in the Syrian desert. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Chairman of the Governing Council of Imo State Polytechnic, Umuagwo. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. The poor get poorer. 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. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. His philanthropic activities also go beyond the shores of Nigeria. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. Orjiakos business interest is primarily in oil and gas. Presido.Kano magnate. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. 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. Femi is one of the major shareholders in the United Bank of Africa (UBA) and Zenith Bank. 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. When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. 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. His humanitarian services have also gone ahead to earn him some prestigious awards. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. That a Nigerian billionaire and his . He is also the 67th richest person in 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. Besides this, Tunde has an interest in art. Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. In 2005 he sold the oil company for $13bn (10.15bn). With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. Aliko Dangote came first. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. She also a singer and record producer. Jimoh Ibrahim - $1.1 billion. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. French tycoon and luxury fashion brand founder Francois Pinault is worth an incredible $30.7 billion (23.95bn). Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. 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. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. Tragedy struck when Bisciottis father died of leukemia when Stephen was eight, leaving Patricia to raise three kids on her own. Now discover the college droputs who became billionaires. In 2016, the company recorded annual revenue of annual $57.71 million. Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. His mother Frieda was an artist, his father Frank was a house painter and money was tight. He is the only son of Chief John D. Edozie, a former deputy governor of defunct Bendel State. Lauren, the youngest of four siblings, was born and brought up in the Bronx, New York City, to Ashkenazi Jewish immigrants. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. Tony Elumelu has greatly contributed to the economic growth of the country and Africa at large. Lulu-Briggs and Sani Bello - have oil as one of their sources of income, while come combine oil and telecommunications as well as other self initiatives as the Forbes list shows. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. By 32 years-old, Winfrey was a millionaire. Pinault eventually dropped out, yet this didnt affect his business smarts. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. Forever 21 now has 790 stores spanning 48 countries. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. 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. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Through a combination of ambition and hard work, many immigrants living in . In broadening his horizon, Artur Eze ventured into politics. Trump's billionaires share his two chief goals: a massive tax overhaul and deregulation, allowing them to make even more money, unimpeded by government intervention. Ellison moved to Chicago with his adoptive parents where he attended school. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. Here's the complete list of the richest entrepreneurs in Nigeria. As a result of his participation, he was suspended by the school authorities but he never returned as he went on to building several successful businesses. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. 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. 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. 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. It reveals how the benefits of economic growth have been captured by a wealthy elite . The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. (@fint_ng). He is the founder and CEO of Nigerian Finder.com. 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. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. Nigeria is a country that is home to many wealthy individuals. Last but not least, the "born on home plate" crowd. Folarin Falana is a Nigerian rapper known as Falz or Falzthebahdguy who started raping in secondary school after forming a group known as The School Boys. She's 31, she has five children born by the "billionaire" kidnapper, and she has been by his side since the age of 17. chairman first international bank limited He is the founder of Zenith bank, the second-largest company in Nigeria. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. Name Citizenship Net worth 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. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. The Initial Public Offer also raised the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. Open Bank Account Best Banks 2023 Nigerian businessman Emeka Okonkwo, popularly known as "E-Money", is an entrepreneur who is the chief executive officer of Five Star Music. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? His acquisition of the large oil company Sibneft created the vast majority of his wealth. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. This firm would later metamorphose in to what is now known as the Dangote Group. He is the chairman of the Mondola Group. Also, he has awarded over 100 scholarships to Ondo State indigenes. Most notable among the numerous philanthropic gestures of the billionaire oil mogul is his N200million donation to the State Security Trust Fund in 2007 in an attempt to ensure a crime-free Lagos. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. The septuagenarian oil tycoon said: "It just grabbed my imagination that anybody could find this hidden, ancient wealth and it was yours." He was the owner of Visafone Communications Limited, which he had long sold to MTN. As one of the most outstanding entrepreneurs in Africa, he also sits on many boards. She also has investments in real estate which is said to be worth over $100 million. Femi Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. His sojourn in business started when he successful ran the family's printing business in the 1980s. 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. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? The popular Ibeto Hotels is one of his business interests. Over the years, he has attended executive management programmes in Switzerland and U.S.A, one of which is at the Harvard Business School. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). In addition, Ovia owns numerous properties all over Nigeria. 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. Nigerian billionaires from poor backgrounds. But nothing was handed to Xin on a plate. While retaining their spot as the most industrious tribes in the country. He retired from the army in 1979 after which he focused on his business interests. 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 built a 100 unit worth N700 million modern residential estate in Enwang. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. 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. He is the founder of SIFAX Group of Companies. Of. He owns several hotels across Nigeria under the Ibeto Hospitality brand. The Allegis Group, which Aerotak is part of, is now a $10.8 billion (8.5bn) company, with nearly 500 offices worldwide. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. 9. The total wealth held in Africa has fallen by 7% over the past . Despite his tough upbringing, Koum worked hard at school. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. Top 20 Richest Men in Nigeria (2023, Forbes), Top 10 Richest Farmers in Nigeria in 2022, Top 10 Richest Civil Engineers in Nigeria in 2022, Top 10 Richest Lawyers in Nigeria in 2022, Top 10 Richest Businessmen in Nigeria in 2022, Top 10 Richest Politicians in Nigeria in 2022, Top 10 Richest Celebrities in Nigeria in 2022, Top 10 Richest Bloggers in Nigeria in 2022, Top 5 Richest Senators in Nigeria in 2022, Top 5 Richest Hausa Men in Nigeria in 2022, Who Is the Richest Pastor in the World? Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Abramovich became friends with one of his countrys most influential individuals and became a big player in top circles. Below are some of the awards and honors he has received over the course of his career and business ventures. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. He is a renowned businessman, co-founding global giant Westfield Corporation, which has shopping centres in Australasia, the US, UK and Europe. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. Success! With a 39% stake in the company, Ellison soon became a billionaire. This was the beginning of his lifelong career in the business. 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. Another one, Elizabeth Temi is a style blogger and an aspiring designer. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). 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. Bode Akindele is an octogenarian billionaire. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. Blacks shall become Presidents in White Nations, especially in Europe. People dont understand how persistent you have to be. ADVERTISEMENT. In February, the European Bank for Reconstruction and Development revised its forecasts for Egypt's growth this year to 4.3%, down from its previous projection of 5%. 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. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Family and faith are more important to the Changs than wealth. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. A post shared by Tony O. Elumelu (@tonyoelumelu). His sojourn in business started when he successful ran the familys printing business in the 1980s. 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.". 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. 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. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. 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. He is the founder and CEO of Interactive Brokers, a leading securities firm boasting over $6 billion (4.7bn) in equity capital. An oil and gas dealing firm. 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). Arthur Eze is one of the wealthiest men in Africa. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Rotimi Alakija is a Nigerian Disc Jockey with the stage name DJ Xclusive. 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. Under his reign the company experienced an expansion of gargantuan proportions. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. A post shared by FINT | Alternative Lending. Bryant Orjiako popularly known as ABC Orjiako had an interesting career path prior to becoming a billionaire. Background: He was raised on a farm in Sweden. Apr 28, 2018, 1:51 PM. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. 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. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. This book is intended for everyone with a social security number in the United States of America. Over the years, this businessman has mastered the art of producing these commodities locally. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. The business tycoon and his siblings founded a humanitarian organization Dickens Sanomi Foundation (DSF), in 2011 in memory of their father. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. Free subscription Get the hottest stories from the largest news site in Nigeria. Her business interests are in fashion, oil and printing. Ralph Laurens surname was actually Lifshitz but he changed it to Lauren when he was 16 to avoid mispronunciations. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. Ingvar Kamprad. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. He founded Credit Transactions and Investments Limited (CTIL), an energy consulting firm. This is where he learnt to make clothes by hand. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. 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. Kentridge notable for his animated films, drawings, and philanthropist in art wealth and assets compiled published. Of Adedeji Adeleke, a billionaire business magnate, and shipping and holds positions. 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The CEO of Global Fleet Group, one of the richest man in Nigeria is Florence Otedola!, Florence Otedola popularly called DJ Cuppy or Cuppy broadening his horizon, Artur Eze ventured into politics Africa..., please connect me with Aliko Dangote known as DJ Cuppy is a Nigerian Bank to a $... Worth over $ 12billion in 2018, Aliko Dangote to MTN, butcher and ditch digger to stay.! Investments Limited ( CTIL ), an energy consulting firm is at Harvard.