Very few Nigerians have made the Forbes list of richest people in the world. The reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange).
The few Nigerians that have made the list are Aliko Dangote, Mike Adenuga and Femi Otedola. The list of top 21 Richest Nigerian billionaires has been based on:
The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.
Despite the harsh terrain and business challenges involved with starting a business in Nigeria, the successful entrepreneurs listed below held their ground and fought their way to the top.
In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.
Check out the list below.
1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world
2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom
3. Femi Otedola – ZENON Oil and Gas
4. Orji Uzor Kalu – Slok Group
5. Cosmos Maduka – Coscharis Group
6. Jimoh Ibrahim – Nicon Insurance, Global Flee
7. Jim Ovia – Zenith Bank, Visafone
8. Pascal Dozie – MTN Nigeria, Diamond Bank
9. Oba Otudeko – Honeywell Group Nigeria
10. Alhaji Sayyu Dantata – MRS Group
11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group
12. Prince Samuel Adedoyin – Doyin Group
13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.
14. Chief Cletus Ibeto – Ibeto Group
15. Raymond Dokpesi – Daar Communication, AIT,
16. Tony Ezenna – Orange Group
17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies
18. Ifeanyi Ubah – Capital oil and gas
19. Leo Stan Ekeh – Zinox Computer
20. Fola Adeola – GTBank
21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars