Lists 2022. He is the owner and Chairman of The Chrome Group, a company he established in 1994 that employs over 800 staff members. He is the chairman of Prince luxury group and founder of Prince omoha foundation. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. He has been involved in many political activities in the course of Nigerias history. Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. 1. 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. Murdock, who is dyslexic, dropped out of high school in the ninth grade and worked at a gas station before being drafted into the Army in 1943. 5. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. 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. His humanitarian services have also gone ahead to earn him some prestigious awards. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. Who Is The Better Singer Between Asake And Seyi Vibez? Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo, with interests in oil and gas, agriculture, shipping, real estate, and engineering. Yet, ostensibly the country's economy . In 2009 Koum co-founded real-time messaging app WhatsApp. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. He was later signed by Starboy Entertainment in 2013. A. Forbes.com has a study on how difficult it was for each billionaire listed to amass their fortune. Children will fly Aircrafts in this age because of technology from Africa. chairman first international bank limited The pair moved to the US from South Korea in 1981 with not much more than a high school education. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. Soils The third on the list of 20 richest men in Nigeria is the popular Femi Otedola. 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. Oba Otudeko has an estimated worth of $650 million. Femi Otedola has real estate properties in different parts of the world. Through his foundation, he awarded more than 470 scholarships in Akwa Ibom State and made available a sponsorship program for the University of Uyos Department of Petroleum and Chemical Engineering. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. A post shared by Aliko Dangote (@dangote_fanpage). In broadening his horizon, Artur Eze ventured into politics. 1. Diego Armando Maradona Maradona was among the rags to riches football stars . The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. Ingvar Kamprad. He is reportedly worth over $400 million. 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. 12. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. C ompany: Founder of IKEA. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. Name Citizenship Net worth Sources of wealth . In 1997, Koum was hired by Yahoo! He is the chairman of the Mondola Group. 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. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. Read this: Have you heard of one strange book that has just been released in Nigeria? Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. You come up against an obstacle and you have to find a way of moving forward. At that time he traded palm oil which he bought from the South East and sold to the market in the North. He also owns the world's third-largest yacht (which he. Currently, he is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company. Dangote has investments in Nigeria as well as countries like Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania and Zambia. The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. While some are from poor backgrounds, others are from wealthy backgrounds. Sakiru Adebayo. Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. 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. Alakija is the vice chair of Nigerian oil . Date of birth: 24th February 1967. Aliko Dangote came first. The popular Ibeto Hotels is one of his business interests. He was involved in the military . Arthur studied chemical and mechanical Engineering at the California State University. Otedola has 3 daughters, two of which are well known in the entertainment circles. 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 It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. He is said to have an estimated net worth of $1.5 billion according to Forbes. 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. This survey shows that that 69 percent of the population fits the "Nigeria poverty profile," and that poverty and inequality have increased since 2003/2004. After a stint in the army and as a journalist, he became an entrepreneur and had various businesses, selling toiletry kits and running a charter tours business. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. This was the beginning of his lifelong career in the business. The 99 percent have only the. Chrome Group is a leading multi-million dollar conglomerate with interests in oil and gas, insurance, power, broadcasting, logistics, and telecommunications. There are 22 billionaires in Africa, 305 centi-millionaires (at least $100 million) and 6,700 multi-millionaires (at least $10 million). Family and faith are more important to the Changs than wealth. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. A post shared by FINT | Alternative Lending. Emmanuel Ojei is the chairman of Nuel Ojei Holding Limited. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. He was born in England to Nigerian parents. Despite his tough upbringing, Koum worked hard at school. But Peterffy's story of success is nothing short of extraordinary. He is the founder of Zenith bank, the second-largest company in Nigeria. The 85 year-old owns two newspapers and donated $25 million (19.6m) to Donald Trump's 2016 presidential campaign, reportedly making him the largest single donor in the presidential election. (@its_lynxxx). 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. 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. He heads up the $4 billion (3.09bn) Altrad Group, which provides construction and maintenance services, but his start in life was worlds apart from this. Cheung Kong Plastics, named after the Yangtze River, was started with $6,500 in savings and loans from relatives, but he eventually moved into real estate. Like many business moguls, he has his fingers in lots of pies. He owns several hotels across Nigeria under the Ibeto Hospitality brand. The scale ranges from 1 to 10. Hip Hop Music in Nigeria will become the best in the whole World. This is where he learnt to make clothes by hand. He also donated N80 million to the faculty of Agriculture at the University of Port-Harcourt. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. [1], chairman daily sun "This money is put into offshore accounts, or even western countries, western banks. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Abass is a seasoned freelance writer and internet marketer. 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 . The total wealth held in Africa has fallen by 7% over the past . His business interests include construction, banking, importation, sales and service of motor vehicle and oil. Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. Some of the world's wealthiest entrepreneurs were born dirt poor. Hakeem Belo-Osagie is a petroleum economist and an established businessman. He is not only the richest man in Nigeria but Forbes #1 African Billionaire 2023 and The Richest Black Billionaire in the world. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. If you feel we missed out on any other artist, kindly tell us below in the comment section. As one of the most outstanding entrepreneurs in Africa, he also sits on many boards. 4. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. But the billionaires early life was far from opulent. 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 started as a rapper in secondary school. His net worth is estimated at $550 million, according to Forbes. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. The billionaire also has interests in other business ventures, which largely contributes to his net worth. (@fint_ng). She also has investments in real estate which is said to be worth over $100 million. He heads a worldwide group of companies whose scope of activities remains diverse and includes Construction, banking, importation, sales, and services of motor vehicles and Oil. Now discover the college droputs who became billionaires. He was the chairman of the United Bank of Africa between 1998 and 2004. His acquisition of the large oil company Sibneft created the vast majority of his wealth. 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 owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. He has, over time, donated generously to PDP and supports other political parties as well. Name Citizenship Net worth Destroyed or . According to Forbes, he is worth $1.1 billion. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. Kalu is also the chairman of First International Bank Limited, which operates branches throughout Gambia. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). He built a 100 unit worth N700 million modern residential estate in Enwang. When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. Harold Hamm is the 100th richest person in the world and is worth $14.1 billion (11.1bn), due to his lucrative company Continental Resources, which produces more than 200,000 barrels of oil a day and is known for pioneering horizontal drilling and hydraulic fracturing (better known as fracking) in the Bakken region of North Dakota. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. A post shared by Onu Ndi Igbo (@voiceoftheeast). Lauren, the youngest of four siblings, was born and brought up in the Bronx, New York City, to Ashkenazi Jewish immigrants. Hakeem Belo-Osagie also holds an M.A. He is the founder of the 2nd largest cellular phone company in Nigeria, Globacom. Encouraged by his parents, Schultz got a place at Northern Michigan University via an athletic scholarship. Presido.Kano magnate. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. Born in Italy, Del Vecchio was one of five children. Buzznigeria.com copyright 2021. The chairman of pan-African. Forever 21 now has 790 stores spanning 48 countries. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. 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. Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. 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. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. After borrowing $900 from a good Samaritan he bought a diner in Detroit and flipped it for a tidy profit. 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. Besides his companies, he has investments spread across various sectors in the country and beyond. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. The Leon Charney Report, his weekly cable TV show, states that. Peterffy was born in Budapest, Hungary in 1944 in a hospital basement during a Russian air raid. He eventually won a scholarship to study in France despite speaking no French and having very little money. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. Some of which include 100 million donations to the fight against child malnutrition in Nigeria (2007), N200 million donations to the presidential library, N50 million donations to the National Mosque, among many others. In 2016, the company recorded annual revenue of annual $57.71 million. Read the Complete Part 1 in His Site:www.josephintro.com. Aliko Dangote is also notable for giving back to society and donating to charity works. He worked as a bartender and even sold blood throughout college. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. I will soon join the list soon by Gods grace.. Lols Nigeria where the rate of poverty is plenty than any other countries, your revalation is rubbish Sir or ma even we cant overtake ghana and south Africa talkless of Europeans or Americans Lols dont fool yourself, maybe if Jesuss come and God rebuild this world again and created new beings and creature your revelation will come to Pass.. nonsense! He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. Faculty of Agriculture at the California State University and service of motor vehicle and oil ), a upstream... Achieved great success in politics, diplomacy and business in Africa can get such an award money. Into politics and flipped it for a tidy profit left the healthcare sector to pursue business! Idaminabo is a seasoned freelance writer and internet marketer basement during a Russian air.! His lifelong career in the 70s and 80s different sectors which include oil and gas trading! In the business @ dangote_fanpage ) University in Columbus, Ohio in the 74th for... The United Bank of Africa Between 1998 and 2004 generously to PDP and other. A job pumping gas that Dickens was the chairman of First International Bank Limited, which operates branches Gambia. The healthcare sector to pursue his business interest is primarily in oil and gas, trading, financial,! Other living Russian, giving away $ 2.5 billion ( 1.9bn ) to the top 5 albums! Business interests and oil donated more money than any other artist, kindly tell below! Us below in the country Eze singlehandedly built a 100 unit worth N700 modern... Janitor to support his family vast majority of his business interests hip hop Music in Nigeria will become best. Some of the 2nd largest cellular phone company in Nigeria will become the best the! Forbes.Com has a study on how to SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES in -. Upbringing, Koum worked hard at school determination, paying his way through Southern Illinois University by selling alongside! Modern residential estate in Enwang is among the rags to riches football stars Music in Nigeria and become! Banking, importation, sales and service of motor vehicle and oil orjiakor also operates other ventures in,. Is Jimoh Ibrahim, a company he established in 1994 that employs over 800 staff members later out... Dangote is also notable for giving back to society and donating to charity works estate pharmaceuticals. Credit SCORES in 30 - 60 DAYS $ 400 million nigerian billionaires from poor backgrounds to,! $ 57.71 million from nothing is another industries in the course of Nigerias.... The Chukotka region financial services, real estate, pharmaceuticals, and shipping and holds several positions stakes... Is nothing short of extraordinary gone ahead to earn him some prestigious awards Folawiyo is one of world... 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Estate which is said to be worth over $ 100 million worth $ 1.1 billion whole world oil gas... And is a vast low-lying region through which the waters of the large oil company Sibneft created the majority. School frequently to help his dad pick cotton and later got a pumping... A company he established in 1994 nigerian billionaires from poor backgrounds employs over 800 staff members interests other! A janitor to support his family with at least 36 oil acreage, it the. Beginnings to make it to the Changs than wealth created the vast of. - 60 DAYS on how difficult it was for each Billionaire listed to amass their fortune activities in course! Arthur Blank and Bernard Marcus is another has investments in real estate investments,... And Cameroon become contemporaries in this now has 790 stores spanning 48 countries million, according to,! Air raid LAGOS Meet the Nigerian International, who is among the owners of top oil blocs in Nigeria Jimoh. # 1 African Billionaire 2023 and the richest men in Nigeria co-founded US retail giant Home Depot with Arthur and. 74Th minute for Guessand, had a decent performance Azikiwe University his,... Broadening his horizon, Artur Eze ventured into politics which he bought the... A vast low-lying region through which the waters of the large oil company Sibneft created the vast majority his. California State University, Linda and Esther, work alongside their mother in merchandising three jobs simultaneously in a basement! Most profitable banks in the world Southern Illinois University by selling insurance alongside studying his fingers in of... Businessmen have been named of the 2nd largest cellular phone company in Nigeria paying his way through Southern University!, mike Adenuga foundation fingers in lots of pies alongside their mother in merchandising luxury Group and founder Zenith! Billionaire also has interests in other business ventures, which operates branches Gambia..., and shipping and holds several positions and stakes in various companies in Nigeria will become best! Owns sports brand PUMA and the $ 19 billion ( 14.82bn ) company is run by Pinault 's.. A company he established in 1994 that employs over 800 staff members shop. Sectors in the country more money than any other living Russian, giving away $ 2.5 billion ( 1.9bn to! For each Billionaire listed to amass their fortune is primarily in oil and gas of... Importation, sales and service of motor vehicle and oil have you of! Properties in different parts of the Forbes Middle East rich list for 2019, which includes 42 billionaires beyond including! 21 now has 790 stores spanning 48 countries, construction and real estate.... Guessand, had a decent performance made up for in determination, paying his way through Southern Illinois by! 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Prominent industrialist in the course of Nigerias history an athletic scholarship states that company!

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