List of Nigerian billionaires by net worth

Last updated

The following is a list of Nigerian billionaires. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. [1]

Contents

Lists

2024

2024 [2]
NameCitizenship Net worth (USD)Sources of wealth
Aliko Dangote Flag of Nigeria.svg  Nigeria 15.3 BillionDiversified, Cement
Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 7.6 BillionDiversified, Cement
Mike Adenuga Flag of Nigeria.svg  Nigeria 7.3 BillionCement, Food Processing, Real Estate
Femi Otedola Flag of Nigeria.svg  Nigeria 4.7 BillionTelecom, Oil, Finance & Investments

2022

2022 [3]
NameCitizenship Net worth (USD)Sources of wealth
Aliko Dangote Flag of Nigeria.svg  Nigeria 13.9 billion [4] cement, sugar
Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 6.7 Billion [5] oil, Self Made
Mike Adenuga Flag of Nigeria.svg  Nigeria 5.7 Billion [6] Telecom, oil, Self Made

2021

2021 [7]
NameCitizenship Net worth (USD)Sources of wealth
Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 7 billioncement production, sugar refining and real estate
Mike Adenuga Flag of Nigeria.svg  Nigeria 6.7 BillionTelecommunication

2020

2020 [8]
NameCitizenship Net worth (USD)Sources of wealth
Aliko Dangote Flag of Nigeria.svg  Nigeria 8.3 BillionSugar, flour, cement, household consumables
Mike Adenuga Flag of Nigeria.svg  Nigeria 5.7 Billion Telecommunication, petroleum
Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 3.1 Billion [9] Cement, Sugar

2019

2019 [10]
World rankingNameCitizenship Net worth (USD)Sources of wealth
100 Aliko Dangote Flag of Nigeria.svg  Nigeria 10.3 BillionSugar, flour, cement
365 Mike Adenuga Flag of Nigeria.svg  Nigeria 9.2 Billion Telecommunication, petroleum
156 Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 1.6 BillionCement, Sugar

2018

2018 [11]
World rankingNameCitizenship Net worth (USD)Sources of wealth
100 Aliko Dangote Flag of Nigeria.svg  Nigeria 14.1 BillionCement, Sugar, Salt.
365 Mike Adenuga Flag of Nigeria.svg  Nigeria 5.3 Billion Telecommunication, petroleum

2017

2017 [12]
World rankingNameCitizenship Net worth (USD)Sources of wealth
100 Aliko Dangote Flag of Nigeria.svg  Nigeria 12.2 BillionCement, Sugar, Salt.
250 Mike Adenuga Flag of Nigeria.svg  Nigeria 6.1 Billion Telecommunication, petroleum
1290 Folorunsho Alakija Flag of Nigeria.svg  Nigeria 1.61 BillionFashion industry, oil

2016

2016 [13]
World rankingNameCitizenship Net worth (USD)Sources of wealth
51 Aliko Dangote Flag of Nigeria.svg  Nigeria 9.5 Billionoil, sugar & cement
103 Mike Adenuga Flag of Nigeria.svg  Nigeria 5.2 Billion Telecommunication, petroleum
1011 Femi Otedola Flag of Nigeria.svg  Nigeria 1.85 BillionPetroleum
1121 Folorunsho Alakija Flag of Nigeria.svg  Nigeria 1.55 BillionFashion industry, oil
1577 Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 1.1 BillionFoods

2015

2015 [14]
World rankingNameCitizenship Net worth (USD)Sources of wealth
67 Aliko Dangote Flag of Nigeria.svg  Nigeria 17.7 BillionSugar, flour, cement
393 Mike Adenuga Flag of Nigeria.svg  Nigeria 4.2 Billion Telecommunication, petroleum
949 Folorunsho Alakija Flag of Nigeria.svg  Nigeria 2.0 BillionFashion industry, oil
1741 Femi Otedola Flag of Nigeria.svg  Nigeria 1.0 BillionPetroleum
1741 Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 1.0 BillionFoods

2014

2014 [15]
NameCitizenship Net worth (USD)Sources of wealth
Aliko Dangote Flag of Nigeria.svg  Nigeria 25 BillionSugar, flour, cement
Mike Adenuga Flag of Nigeria.svg  Nigeria 4.6 Billion Telecommunication, petroleum
Folorunsho Alakija Flag of Nigeria.svg  Nigeria 2.5 BillionFashion industry, oil
Abdul Samad Rabiu Flag of Nigeria.svg  Nigeria 2.5 BillionFoods

See also

Related Research Articles

<i>Forbes</i> American business magazine

Forbes is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes, and its current CEO is Mike Federle It is based in Jersey City, New Jersey. But on Dec 11, 2024, Forbes names Sherry Phillips, the current chief revenue officer since 2022, to be the new CEO since Jan 1, 2025, whereas the outgoing CEO, Mike Federle, will take on a strategic advisor role.

<span class="mw-page-title-main">Billionaire</span> Person who has at least one billion units of a currency

A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.

<span class="mw-page-title-main">Kano State</span> State of Nigeria

Kano State is one of the 36 states of Nigeria, located in the northern region of the country. According to the national census done in 2006, Kano State is the most populous state in Nigeria. The recent official estimates taken in 2016 by the National Bureau of Statistics found that Kano State was still the largest state by population in Nigeria. Created in 1967 out of the former Northern Region, Kano State borders on Katsina State to the northwest for about 210 km, Jigawa State to the northeast for 355 km, Bauchi State to the southeast for 131 km, and Kaduna State to the southwest for 255 km. The state's capital and largest city is the city of Kano, the second most populous city in Nigeria after Lagos. The incumbent governor of the state is Abba Kabir Yusuf. He was sworn in on 29 May 2023.

<span class="mw-page-title-main">Black billionaires</span>

Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion.

Globacom Limited, commonly known as Glo, is a Nigerian multinational telecommunications company founded on 29 August 2003 by Mike Adenuga.

<span class="mw-page-title-main">Mohammed Dewji</span> Tanzanian billionaire businessman and politician (born 1975)

Mohammed "Mo" Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his grandmother, developed by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015 for his home town of Singida. As of October 2024, Dewji has an estimated net worth of US$1.8 billion, Africa's 17th richest person and youngest billionaire. Dewji was the first Tanzanian on the cover of Forbes magazine, in 2013.

<span class="mw-page-title-main">Aliko Dangote</span> Nigerian businessman (born 1957)

Aliko Dangote is a Nigerian businessman and industrialist. He is the first man who built a private refinery in Nigeria. Dangote is the 221st richest individual in the world, with an estimated net worth of US$11.2 billion as of December 2024, according to Forbes and US$27.6 billion according to Bloomberg Billionaires Index.

<span class="mw-page-title-main">Mohammed Rabiu</span> Ghanaian footballer

Mohammed Rabiu Al-Hassan, simply known as Mohammed Rabiu, is a Ghanaian former professional footballer who played as a defensive midfielder. He has earned over 30 caps for the Ghana national team.

<span class="mw-page-title-main">The Giving Pledge</span> Charitable campaign

The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, at a total of US$600 billion.

<i>The Worlds Billionaires</i> Annual ranking of the worlds billionaires by Forbes magazine

The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained.

<span class="mw-page-title-main">Mike Cannon-Brookes</span> Australian businessman (born 1979)

Michael Cannon-Brookes is an Australian businessman who is the co-founder and chief executive officer of the software company Atlassian.

<span class="mw-page-title-main">Tony Elumelu</span> Nigerian banker and philanthropist (born 1963)

Anthony Onyemaechi Elumelu is a Nigerian economist, banker and philanthropist. He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr is a Nigerian billionaire businessman, and the fifth richest person in Africa according to Forbes. His company Globacom is Nigeria's second-largest telecom operator and also has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.

Abdul Samad Isyaku Rabiu is a Nigerian businessman and philanthropist. As of 2024, he is the second richest man in Nigeria. His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry (BOI).

<span class="mw-page-title-main">Robert F. Smith (investor)</span> American businessman and philanthropist (born 1962)

Robert Frederick Smith is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. He graduated from Cornell University with a chemical engineering degree and from Columbia Business School with an MBA, before working as an investment banker at Goldman Sachs.

<span class="mw-page-title-main">Bella Disu</span> Nigerian business executive

Belinda "Bella" Ajoke Olubunmi Disu is a Nigerian business executive, arts enthusiast, published author, and philanthropist.

Kabiru Rabiu is a Nigerian entrepreneur and currently serves as the group executive director of BUA Group. A conglomerate owned by his brother Abdulsamad Rabiu, in which enabled him to generate his wealth and achieve his status today In 2020, he was named the best African economic leader under the age of 40 in the 100 African Economic Leaders for Tomorrow awards by the French Institut Choiseu.

References

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  4. "Abdulsamad Rabiu". Forbes. 16 December 2022. Retrieved 16 December 2022.
  5. "Mike Adenuga". Forbes. 16 December 2022. Retrieved 16 December 2022.
  6. "Mike Adenuga". Forbes. 16 December 2022. Retrieved 16 December 2022.
  7. "Africa's Billionaires". Forbes. Archived from the original on 26 January 2020. Retrieved 26 January 2021.
  8. "Africa's Billionaires". Forbes. Archived from the original on 26 January 2020. Retrieved 26 January 2020.
  9. "Abdulsamad Rabiu Real Time Networth". Forbes Africa.
  10. "Africa's Billionaires". Forbes. Archived from the original on 14 February 2019. Retrieved 2 March 2019.
  11. Nsehe, Mfonobong. "The Black Billionaires 2018". Forbes. Retrieved 2 March 2019.
  12. "The African Billionaires 2017". Forbes . Retrieved 25 January 2018.
  13. "The black billionaires 2016". Forbes . Retrieved 17 December 2016.
  14. "The List: 2015 ranking (1-10)". Forbes . Retrieved 2 August 2015.
  15. "The African Billionaires 2014". Forbes . Retrieved 29 December 2016.