There are rich people, and there are very rich people. The truth is: we have many billionaires in Nigeria but some are miles ahead of others when it comes to how much they are worth. Some of these individuals are not just the richest people in Nigeria, but some of the richest people in Africa.
The billionaires in Nigeria are living the best life anyone could wish for out there
These individuals are business moguls and have become models for the new generation of successful and young entrepreneurs. They are living the dream.
These billionaires are still thriving despite the state of the nation’s economy. They are household names, directly and indirectly impact our lives through their growth as a name and as a corporate entity.
It will also interest you to know that many of these billionaires in Nigeria are car lovers. Their taste in acquiring exotic cars is quite high.
Some of the cars in their garage are what many of us get the chance to see on TVs or probably on the internet. Their car collections run into several hundreds of million.
But before going into the details, please have a look at a table of contents which summarizes the list of billionaire in Nigeria.
|Ranking||Billionaires in Nigeria||Net worth (N)||Net worth ($)|
|1.||Aliko Dangote||₦4.7 trillion||$12.5 billion|
|2.||Mike Adenuga||₦2.4 trillion||$6.3 billion|
|3.||Femi Otedola||₦685.8 billion||$1.8 billion|
|4.||Jimoh Ibrahim||₦419.1 billion||$1.1 billion|
|5.||Pascal Uzoma Dozie||₦419.1 billion||$1.1 bilion|
|6.||Folorunsho Alakija||₦381 billion||$1 billion|
|7.||Orji Uzor Kalu||₦381 billion||$1 billion|
|8.||Jim James Ovia||₦373.3 billion||$980 million|
|9.||Hajia Bola Shagaya||₦361.9 billion||$950 million|
|10||Fifi Ekanem Ejindu||₦323.8 billion||$850 million|
II. Top 10 billionaire in Nigeria
10. Fifi Ekanem Ejindu - Net worth of $850m (~₦323.8b)
The business Tycoon has not only made a fortune for herself from the construction business, but she is also a strong name to contend within the oil and gas sector. Fifi Enkanem’s net worth is said to be estimated at a whopping $850 million. She is a neo-traditional architect, CEO of Building Support Systems and the Principal Partner of Starcrest Group of Companies.
Fifi is a successful and award-winning Nigerian businesswoman
Born in 1962 in Ibadan, Fifi Ejindu is a Nigerian architect, businesswoman and a philanthropist. She is reported to be from the family line of King James Ekpo Bassey of Cobham Town, Calabar. Her father was a professor from Uyo in Akwa Ibom State. Fifi is the founder of the African Arts and Fashion initiative.
Fifi Ejindu cars
Fifi Ejindu is one of the few Nigerian women that own a luxury Rolls-Royce model. She reportedly acquired this exotic ride, a Rolls-Royce Ghost, back in 2013 for a sum of ₦30 million. From what we learnt, she gifted herself this car on her 51st birthday.
How much do you think Nigerian rich women love Rolls-Royce? Watch the clip below:
9. Hajia Bola Shagaya - Net worth of $950 million (~₦361.9b)
The next in our list of billionaires in Nigeria today is Hajia Bola Shagaya. Born on the 10th of October 1959, Hajia Bola Shagaya is one of the many Nigerian women that are doing great things in life as well as making a whole lot of money. For many years now, she has been a board member of the prestigious Unity Bank.
She is a business tycoon and a lover of art and fashion. Bola has hands in my businesses such as retail, oil and gas, photography as well as real estate, putting her net worth at $950 million.
Hajia Bola Shagaya owns two Roll-Royces in her fleet of cars
Hajia Bola Shagaya cars
Being the fourth richest woman in Africa comes with lots of goodies. One of such is driving some of the most expensive cars around. Hajia Shagaya owns a Rolls-Royce Phantom and a Rolls Royce Ghost, both valued at a staggering sum of ₦90 million.
>>> What number is Hajia Bola Shagaya in Nigeria? Check out the 10 richest women in Nigeria & their cars
8. Jim James Ovia - Net worth of $980 million (~₦373.3b)
Jim Ovia is the CEO of Zenith Bank, one of the biggest financial institutions in Nigeria. He is unarguably one of the richest men in Nigeria. He was born on the 4th of November 1951 in Agbor, Delta State, Nigeria.
He reportedly founded Zenith Bank in 1990. Jim is a serial businessman with investment in real estate and telecommunication. His net worth is estimated at $980 million.
Jim Ovia is the founder of Zenith Bank, one of the biggest commercial banks in Nigeria
Jim Ovia cars
Owning a Rolls-Royce model is a trend among billionaires in Nigeria. Jim Ovia isn’t the type that loves to be left out of the action as he owns a Rolls-Royce Phantom model. So far, this is the only luxury model he has revealed to the public from his expensive fleet of cars.
7. Orji Uzor Kalu - Net worth of $1 billion (~₦381b)
Orji Uzor Kalu is a popular Nigerian politician and a businessman. Born on the 21st of April 1960. He is a member of the People’s Democratic Party (PDP) and was one time the governor of Abia State. Orji Uzor Kalu is the CEO of SLOK Holding, New Telegraph and the Daily Sun newspapers.
Orji Uzo Kalu also reportedly has hands in oil and gas and real estate with a net worth of $1billion
Orji Uzor Kalu cars
6. Folorunsho Alakija - Net worth of $1 billion (~₦381b)
Folorunsho Alakija is one of the richest black women in the world. She is the richest woman in Nigeria, with a net worth of $1 billion. Folorunsho is a successful businesswoman with investments in oil and gas, printing and fashion.
She was born on the 15th of July, 1951 in Ikorodu, Lagos State. She is the vice chairman of Famfa Oil, an oil exploration company in Nigeria with a huge stake in Agbami Oilfield, a prolific offshore asset.
Folorunsho Alakija is known to be a huge fan of the Mercedes brand, with many in her collection
Folorunsho Alakija cars
The fashion guru Folorunsho Alakija has a great taste for beautiful cars. Who would blame her considering the amount of money lying in her bank account?
One of the luxury cars you will find in her garage is a customized Mercedes-Benz S Class. She is a big fan of the German brand. She reportedly bought four identical Mercedes G-Wagon for her sons and also a Mercedes-Benz S-Class for her husband.
5. Pascal Uzoma Dozie - Net worth of $1.1 billion (~₦419.1b)
The next one who deserves to be listed in the billionaires in Nigeria is Pascal Uzoma Dozie. Unknown to some, Pascal Uzoma Dozie is the brain behind many successful enterprises in Nigeria, some of which include Kunoch Limited and Diamond Bank. He is also the MTN Nigeria Chairman and the CEO of Sparkle, a financial technology community and ecosystem.
Pascal was born on the 2nd of November 1969. Presently, his net worth is put at $1.1 billion.
Pascal Uzoma Dozie is a Nigerian banker, financial inclusion advocate and tech investor
Pacal Uzoma Dozie cars
Information about Pacal Uoma Dozie cars is unavailable at the moment. The billionaire is a bit conservative when it comes to flaunting his lifestyle. We will update you as soon as we get our hands on it.
4. Jimoh Ibrahim - Net worth of $1.1 billion (~₦419.1b)
Born on the 24th of February 1967, Jimoh Ibrahim is a Nigerian-born lawyer, businessman, politician and philanthropist. He is the founder and CEO of Global Fleet Group, a conglomerate with investments in oil and gas, real estate, hospitality, insurance and other industries. Jimoh Ibrahim is set to worth an estimated $1.1 billion.
Jimoh Ibrahim is a successful lawyer with great taste for expensive cars
>>> Read this: Top 10 richest men in Nigeria 2020 & their cars
Jimoh Ibrahim cars
3. Femi Otedola - Net worth of 1.8 billion (~₦685.8b)
Being one of the youngest billionaires in Nigeria. Femi Otedola is the major shareholder in Forte Oil, with over 500 filling stations across the country. He is a famous businessman born on the 4th of November 1962.
Femi Otedola is the founder of Zenon Petroleum and Gas Ltd and other businesses such as finance, real estate, shipping and so on. His net worth is put at $1.8 billion.
Femi Otedola broke the Internet when he bought three Ferraris for his daughters
Femi Otedola cars
Femi Otedola is one of the many billionaires in Nigeria making headlines on expensive lifestyles. The billionaire and father of popular Disc Jockey known as DJ Cuppy recently made headlines when he acquired three Ferraris for his daughters.
2. Mike Adenuga - Net worth of $6.3 billion (~₦2.4t)
Mike Adenuga is one of the most known billionaires in Nigeria and beyond. He is the chairman of Globacom, one of the biggest telecommunication outfits in Nigeria.
He was named by Forbes as one of the richest men in Africa with an estimated net worth of $6.3 billion. Born on the 29th of April 1953 in Ibadan, Oyo State, Mike also owns big stakes in Conoil and Equitorial Trust Bank.
Mike Adenuga is the owner of Globacom, the second-largest telecom operator in Nigeria
Mike Adenuga cars
The Globacom chairman owns some of the most expensive cars in the world. Adenuga’s garage is filled with exquisite cars such as Rolls-Royce phantom, Mercedes-Maybach S-Class, armoured Bentley Mulsanne and a Mercedes-Benz AMG C63.
1. Aliko Dangote - $12.5 billion (~₦4.7t)
Aliko Dangote is widely considered the richest black man alive. Born on the 10th of April 1957 in Kano, he is the chairman of Dangote Group, a globally known manufacturing company.
The industrialist net worth, according to Forbes, is put at $12.5 billion. He also has investments in the oil sector and other areas of the economy.
The business magnate is the wealthiest person in Africa with many mouthwatering cars in his garage
Aliko Dangote cars
Aliko Dangote is not just the richest man in Nigeria, he is also the richest in Africa. His car collection is undoubtedly one of the most expensive in the country. He owns a Maybach 57s Knight, a Bugatti Veyron, a Mercedes-Benz CL65 AMG and a Bentley Mulsanne.
>>> Care to know more about Dangote's luxury lifestyle? Richest African man Aliko Dangote net worth, houses, cars & private jet
Nigeria has always been a thriving place for business-oriented people. The number of billionaires in Nigeria is a strong indicator of why the country has one of the strongest economies in Africa.
While we have successfully shown you our list of top 10 billionaires in Nigeria, who do you think is missing on our list of top billionaires in Nigeria? Do not hesitate to write to us to share your ideas.