Nigeria has by far the highest number of billionaires and big-time businessmen in Africa. I'm almost certain a host of my African brothers will be so willing to contest this, but the fact remains that there are hundreds of unofficial billionaires businessmen of Nigerian origin doing their thing. Anyways, this article is not for the billionaire's debate, we here at Naijauto.com are bringing to you our top picks of the richest businessmen in Nigeria and we are super excited about it just as we think you guys are too.
So why not come along with us on this journey we believe will glue you to your devices as we bring to you some of the best cars these top guys use for lunch ...Lol. We will also bring you details of some of their priced assets wherever they are across the globe. If you are ready, we surely are too!!!. Please note that the picks will be in no particular order, so expect a sumptuous mix of everything.
Richest businessmen in Nigeria
|Benedict Peters||$3 billion|
|Chief Tony Ezenna||$430 million|
|Dr. Ambrosie Bryant Chukwueloka Orjiako||$1.2 billion|
|Tony Elumelu||$1.98 billion|
|Hakeem Bello-Osagie||$1.2 billion|
|Sir Emeka Offor||$2.9 billion to $5.8 billion|
|Pascal Dozie||$1 billion|
|Vincent Amaechi Obianodo||$250 million|
|Adedeji Adeleke||$700 million|
|Cletus Ibeto||$3.8 billion|
|Arthur Eze||$5.7 billion|
|Oba Otudeko||$550 million to $650 million|
|Leo Stan Ekeh||$1 billion|
|Mohammed Indimi||$500 million to $650 million|
|Tunde Folawiyo||$650 million|
|Abdulsamad Rabiu||$3.1 billion and $5.4 billion|
|Orji Uzor Kalu||$1.1 billion|
|Igho Sanomi||$1 Billion|
|Femi Otedola||$550 million to $1.8 billion|
|Mike Adenuga||$6.1 billion|
|Aliko Dangote||$11.5 billion|
1. Benedict Peters ($3 billion)
So we get started with Mr Benedith Peters, the Delta State-born Nigerian billionaire. Benedict is probably one of those billionaires that have been in the eye of the storm more often than you would have thought, but he remains by far one of the richest men in Nigeria and indeed Africa.
Chief Benedict Peters, the 7th Richest man in Nigeria
The dark and sturdy-looking billionaire was born in the Nigerian city of Abakaliki, in the present Ebonyi State southeastern Nigeria, and had most of his education in the south and eastern part of the country before sojourning into the professional world in the 1990s. He began his career with Ocean and Oil (Currently known as Oando Plc), where he learned the trade and dug his tooth in the oil and gas pie. Mr Peters would later end his professional career with MRS oil and gas in 1999 where he rose to the lofty post of Managing Director.
The billionaire is married to beautiful Ella Peters and has four children from their union.
Mr Peters has not been a stranger to controversies; in fact, he has been embroiled in so many within the last 10 years. The most recent is the storm being created in his new adopted home Ghana where a company, Frontier Healthcare Services Limited (FHSL), purportedly owned by him was awarded a whopping $150 million contract to manage Covid-19 testing at the famous Kotoko International Airport. The Ghanaians are angry that a company named Peters Family Company Ltd, which owns the parent company that runs Frontier Healthcare Services Limited (FHSL), is owned by Benedict Peters invariably putting the multimillion-dollar contract in the hands of a Nigerian foreigner...Lol.
Anyways, if it's true, the businessman must have gotten a fair deal for his early donation to the small west African country, to whom he donated a reported $30 million to help in the fight against the Covid-19 pandemic in its early days.
Mr Peters was also embroiled in another international controversy in 2018. This time was in the small island nation of Barbados where he was accused by one of the country's top politicians, Chris Sinckler, of trying to use his wealth and money to influence the outcome of that country's election in 2018. Mr Benedict would later sue the politician who was reported to have torn to tiny pieces the subpoena documents served to him. Anyway, we are not so sure how that ended. See a section of the subpoena below,
Mr Peters has also been involved in legal battles with the Nigerian government immediately after President Buhari took office but would later win these cases, thus clearing his name and properties in the process.
Networth, Cars, and Houses
Benedict Peters is said to be worth about $3 billion which makes him about the 17th richest man in Africa and about the 7th richest man in Nigeria. He owns the Aiteo Group of companies which he started in 2008.
The company owns an oil and gas field in Nigeria's Niger Delta region and also has an interest in power generation and even mining as is obvious in his recent purchase of mining rights for the mining of Platinum in the East African nation of Zimbabwe. And oh the $1 billion mining deal did not come without controversy even as some Zimbabweans are accusing Benedict Peters of stealing their gold using his private jets. See the tweet below,
So Benedict Peters has been flying in and out of Zimbabwe in his Private Plane looting Gold! It’s not a Coincidence that they end up in Belarus!— African (@ali_naka) March 23, 2019
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Benedict Peters Houses
So Mr Benedict Peters owns a number of properties both in Nigeria and overseas, with his most notable properties located outside the country. One such property is an over $459, 000 luxury flat he owns in a very exclusive location in Atlanta, Georgia. The flat is part of the luxury condominium known as the Atlantic. See photos of the Atlantic and the interior of some of the condos below,
He also owns a luxury flat in the Harley House which was part of the properties seized by EFCC in connection with the Alisson Madueke money laundering case that was later dismissed. See photos of the Harley House where Peters owns a luxury flat to himself below.
Private Jet and Cars
Mr Benedict Peters has sure kept a real low profile especially when it comes to the display of wealth, he barely posts his luxury stuff on his social media accounts and the same goes for his wife. But we know that the Delta State-born billionaire owns at the least one private jet and he is wealthy enough to purchase the worlds most expensive SUV seen here below,
2. Chief Tony Ezenna ($430 million)
Chief Tony Ezenna, popularly known as Ikenga Akokwa is one astute businessman of the Igbo extraction that has grown from humble beginnings to the wealthy drug merchant he is today. Cheif Ezenna is the proud owner of Orange Drugs Limited, a foremost Nigerian FMCG company with an interest in Lighting, Pharmaceutical, Personal Care, Beverage products, and Food.
The Orange Drug Group began operating in 1988 and was solely involved in the importation and local distribution of drugs and soaps. But by 2006, the company began local production of some high-end soaps and by (2009-2010), Sir Tony Ezenna's Orange Drugs Group in partnership with a certain Indonesian Drug Manufacturing company began the local production of drugs in Nigeria.
Sir Tony Ezenna is happily married to his wife and they share 5 lovely children from their union including 2 females and 3 males.
Sir Ezenna's Networth, Houses, and Cars
The 64-year-old Igbo businessman is reportedly worth about $430 million which is about ₦163 billion. Isn't that just amazing, when you consider how small the business started just a mere 32 years ago?.
Anyways, with that level of cash-chest sitting somewhere, Ikenga Akokwa can afford to build the sumptuous and palatial mansion he erected in Ikoyi Lagos. The mansion is just so lovely that it reportedly rivals some of the best mansions in the country. See some pictures of the mansion below.
When it comes to cars, the Ikenga Akokwa loves them to be luxurious and expensive. His fleet includes some really expensive automobiles including famous brands like the Range Rover nameplate, Rolls Royce, and others.
Chief Ezenna seems to be in love with the Rolls Royce brand as he reportedly owns at least two Rolls Royce Phantoms, including a 2018 Rolls Royce Phantom which usually seats majestically at the front porch of his Ikoyi mansion. The 2018 Rolls Royce Phantom is reportedly worth about ₦188 Million for the extended wheelbase version which is likely Sir Ezenna's model. The wealthy FMCG merchant also owns a white Range Rover SUV which usually starts at about ₦25 million.
See the video below for more of Chief Sir Tony Ezenna's cars
Chief Sir (Dr) Tony Ifeanyichukwu Ezenna (OFR)
3. Dr. Ambrosie Bryant Chukwueloka Orjiako ($1.2 billion)
Chief ABC Orjiako, the orthopaedic surgeon that turns into a billionaire businessman. The richest doctor in Nigeria according to a recent Forbes rating, a man with an ownership right in over 5 companies organizations excluding Seplat Petroleum which he founded with Ojunekwe Augustine Avuru is a geologist with well over 20-year-old industry experience.
Dr Orjiako's investment in Seplat Petroleum Development Company remains his most prominent and unarguably his most profitable venture so far, with Seplat regarded as the most efficient Nigerian oil and gas company to date.
ABC Orjiako is happily married to Mrs. Henrietta Orjiako and both share 4 children.
Dr ABC Orjiako's Networth, Houses, and Cars
Dr Ojiako is reportedly worth about $1.2 billion which is equivalent to about ₦458 billion. He began amassing this much even while working as an Orthopedic and Trauma surgeon at the national orthopaedic hospital in Lagos. Dr Orjiako is currently ranked among the top 10 richest Igbo men and is deservingly so considering the size of his fortune so far.
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When it comes to Dr Orjiakor's houses, we can say that he reportedly owns the Eko Atlantic Alpha 1 tower, which he is rumored to have acquired for an undisclosed fee. But we believe that the property is worth well over $1 million dollars and Dr Orjiakor has the financial chest to make such an acquisition. See some pictures of the Eko Atlantic Alpha 1 tower below.
The Alpha 1 Tower is reportedly owned by Dr ABC Orjiakor
Dr Orjiako has made sure to keep family and personal affairs as private as possible, so we can't give you more details as regards his mansions and supercars at least for now. But we can confidently say that ABC Orjiakor is rich enough to afford expensive luxury cars like the Mercedes Maybach S-Class, the Rolls Royce of this world, and even the most expensive SUVs around. We bet he owns a Rolls Royce Phantom in his garage and even a Range Rover SUV.
4. Tony Elumelu ($1.98 billion)
The very easy-going and hard-working banker and entrepreneur also make our list of top 21 richest businessmen in Nigeria. Tony Elumelu is by far one of the most popular and loved Nigerian businessmen to date, maybe only behind Late Chief M.K.O Abiola. Tony Elumelu remains the most generous billionaire in Nigeria who has without a doubt impacted the lives of thousands of Nigerians with his Business and Entrepreneurship program which gives out equity-free $5000 or about ₦1.9 Million grant to Nigerian and African businesses.
Tony Elumelu like most billionaires today has a really inspiring story rising from a mere copier salesman in his early days to a bank branch manager and then to who we see today. His main break came in his days with Allstates Trust Bank where he rose to the position of a branch manager in just 12 months after being employed. His major financial break came in 1997 from his role in the successful takeover of Crystal Bank, which would lay the foundation of success for him.
Standard Trust Bank became the new bank after the purchase of Crystal Bank and the new bank would become the vehicle of growth for Mr Elumelu, who would later merge the Standard Trust Bank with UBA in 2005 creating a clear path to his current position.
The Boss posing with his Family
Tony Elumelu Networth, Houses and Cars
Mr Tony Elumelu is surely one of the shrewdest businessmen in Africa which is why he currently stands as one of the richest men in Africa. In 2015 Forbes was quoted as estimating that Mr Elumelu was worth about $700 Million but his current net worth reportedly stands at about $1.98 billion according to wealthresult.com.
We expect his net worth to expand even further considering his recent investment in a Nigerian Oil Block previously owned by some major multinational oil companies Shell, Eni, and Total. The $1.1 Billion investment in the oil block has a production capacity of about 27,000 barrels of crude per day, with the possibility of an increase.
So for someone with the level of charisma and jovial presence like Elumelu, you can almost imagine his kind of taste when it comes to cars. Anyways, he keeps his choices simple and very executive. He has never hidden his love for the BMW brand as can be seen in the photos below. Before then, check out the list of some of his cars and their possible prices.
|Some Tony Elumelu's Cars||Prices|
|Range Rover Sports||Over ₦34 million|
|Mercedes Benz S-Class||Above ₦35 Million|
|BMW M3||₦23 million|
Elumelu and his cars in the background
Tony Elemelu posing by his BMW M3
A Range Rover SUV just can't be missing from his Garage
The Mercedes Benz S-Class is surely for the CEO's
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5. Hakeem Bello-Osagie ($1.2 billion)
The next businessman of repute to make our list of top richest businessmen in Nigeria is the very likeable Hakeem Bello-Osagie, the shrewd and smart Nigerian Businessman. Hakeem Bello-Osagie has duly and comfortably earned his place on our list with his size of wealth owing to his shrewd business ventures over the years.
Bello Osagie is a Cambridge-trained lawyer and a long-standing member of the Nigerian Bar Association NBA, along with his wife, Mrs Myma Belo-Osagie, who is a Nigerian Law School and Harvard Law School trained lawyer and a founder partner of the prestigious Udo Udoma & Belo-Osagie law firm. Hakeem's late father was a personal family doctor to the former military leader of Nigeria, General Ibrahim Badamosi Babangida.
Hakeem is happily married with four children including Yasmin Belo-Osagie, an entrepreneur and Co-Founder of She Leads Africa, a "platform that gives women the community, information, and inspiration they need to live the lives of their dreams”.
Hakeem Osagie Networth
Hakeem remains a very smart and shrewd businessman as is seen in his investment in the Jabi Lake Real Estate development and his investment in Andela a premium ICT education firm with a really smart business plan. His business prowess has also seen him become the Chairman of Etisalat Nigeria, a position he would later leave in 2017 after the company failed to meet its $1.2 billion loan obligation to Nigerian Banks.
Still, Hakeem Bello holds the position as Chairman Board of Directors of the FSDH Holding Company Limited, the parent company of the FSDH Merchant Bank Limited, FSDH securities trading company, PAL pensions, and FSDH Asset management.
Hakeem Bello-Osagie and his lovely Family
So how much is the Edo Businessman really worth. Well, in 2014, Forbes quoted Hakeem Osagie to be worth an estimated $600 million. His exit from Etisalat as chairman must have taken a hit as his purse, and considering that the FSDH Holding Company Limited had a total shareholders equity of just over $90 million, we can say that his net worth is possibly well below that $600 million at the moment, even as the Covid-19 pandemic hits on everyone's purse.
6. Sir Emeka Offor ($2.9 billion to $5.8 billion)
Sir Emeka Offor is another Nigerian billionaire businessman with a considerable net worth that places him among the richest businessmen in Nigeria. Chief Offor was born in Kafanchan, Kaduna State on the 10th of February 1957, which means he just turned 64 this year.
Sir Emeka Offor Networth
Sir Emeka Offor entered the business world in the late 1970s and early 1980s. He began by importing and trading Bitumen to road construction companies who were in need of it for their operations. By 1984-1985, Sir Offor had grown and would then decide to expand beyond Bitumen importation and trade. About 4 decades later, Chief Offor is a proud owner of the Chrome Group which is a business conglomerate that has an interest in Oil and Gas, broadcasting, Electricity distribution, etc.
Sir Offor is reportedly worth between $2.9 billion to $5.8 billion, which surely makes him one of the Richest businessmen in Africa. When it comes to his cars and mansion, we have very little info on these except for the twin duplex that was the center of a land case in Abuja.
On the car side of things, the business mogul reportedly owns a Range Roves Sport SUV which he bought for his new wife in 2013, he also owns a Toyota Landcruiser Prado SUV, a Mercedes Benz S-class, and others.
Sir Emeka Offor
7. Pascal Dozie ($1 billion)
Another top Nigerian businessman whose hard work and years of commitment to his craft have made him one of the richest in the country, especially when it comes to the business world. Chief Pascal Dozie is the founder and former CEO of Diamond Bank (Diamond Bank merged with Access Bank in 2019), and the former Chairman of the MTN Group.
Chief Pascal is married with children and one of his sons Uzoma Dozie succeeded him as the CEO of Diamond bank after he stepped aside in 2006. Chief Pascal recently celebrated his 80th birthday.
Chief Pascal Dozie with his grandchildren
Pascal Dozie Networth, mansion and cars
Chief Dozie is an astute businessman and a complete Igbo man. In fact, his main idea of starting a bank was mainly to help local Igbo businessmen to move money safely from the eastern part of the country to Lagos where most of their commercial enterprises connected. Chief Dozie gained considerable experience in Europe, the UK to be precise before returning to Africa and Nigeria to start his first business enterprise.
Chief Dozie is said to be worth an estimated $1 billion, equivalent to over ₦380 billion going by the current exchange rate. This figure sure makes him one of the richest businessmen in the country.
When it comes to houses and cars, Chief Dozie owns a wicked-looking mansion in Egbu Owerri, his hometown in Imo State. The mansion reportedly sprawls over a huge landmass and is said to house a cathedral within the complex. The mansion alone is worth several billions of naira. When it comes to cars you can bet a Roll Royce is parked somewhere in his garage and we won't be surprised if a Toyota Prado SUV and Range Rover SUV are also there.
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8. Vincent Amaechi Obianodo ($250 million)
If you've ever heard of "The Young Shall Grow" Transport company, then you may also want to know that Chief Vincent Ameachi Obianodo single-handedly started this company. I'm sure not many of us knew this before now, but Chief Vincent started the Young Shall Grow Transport in 1972 with just one mini Ford bus. This humble beginning is most likely behind the naming of the transport company which has in truth grown from the young transport firm with a minibus to the huge transport company it now is, boasting of several thousand buses in its fleets.
Chief Vincent is married and his daughter Cynthia is married to popular television personality Ebuka Obi Ochendu, host of the popular reality TV show Big Brother Naija.
Chief Vincent Ameachi Obianodo
Vincet Obianodo Networth
Chief Vincent is a wealthy man. Besides his transport company, Chief Obianodo also owns a fleet of Rockview hotels across the country including major cities like Lagos and Abuja. His interest in the oil and gas industry is made obvious by his two companies in that industry, Vineegas Ltd and VineeOil Ltd.
Chief Vincent Obianodo is estimated to be worth over $250 million, going by his huge investments in the transport, hospitality, and oil/gas sectors of the Nigerian economy.
Chief Vincent Obianodo's Rockview Hotel Owerri
9. Adedeji Adeleke ($700 million)
The name "Adeleke" should ring a bell. Yes, your guess is not so far from it, he is very much related to the dancing Senator and also to the very popular Duro crooner David Adeleke whom we know as Davido. Chief Adedeji Adeleke is the father of Nigerian music superstar Davido.
Chief Adeleke is a well-known businessman whose level of wealth classes him among the richest businessmen in Nigeria. Adedeji Adeleke was born in Enugu state but would later move to Lagos where he completed basic education before moving abroad for his degree studies.
Cheif Adedeji Adeleke and his sons
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Adedeji Adeleke Networth and Cars
According to industry sources, Chief Adeleke is reportedly worth about $700 million. However, this was not always the case as the multi-millionaire wasn't always rich. In fact, one of his sons, David Adeleke aka Davido recently revealed that his father once worked in a fast food joint back in the day. But he is now a rich man and his wealth mainly comes from his business ventures which he started as early as 1990. In that year he incorporated his first company, the Pacific Holding Ltd., which initially had an interest in water drilling and treatment, as well as in geographical surveys.
The company's interest would later expand to other areas including warehousing and freight services, as well as Energy and Power generation. Besides this, Chief Adeleke also owns a private university, Adeleke University, which he founded in 2011.
When it comes to cars, the rich Osun state indigene has never hidden his love for the Bentley nameplate, with his garage hosting two fine models of the Bentley Mulsanne with the 2017 model valued at about $309,000 or about ₦118 million. He also owns a Rolls Royce Phantom with a market value of about $450,000.
Adeleke's son posing with his Bentley Mulsanne
Adedeji Adeleke's 2017 Bentley Mulsanne bought to celebrate his 60th birthday
And oh before we forget, Adedeji Adeleke owns two private jets with the latest one, the Bombardier Global Express 6000 arriving only last year (2020). The Bombardier Global Express 6000 has an estimated value of about $62 million which is about ₦24 billion. So if we estimate the 64-year-old businessman is worth over $700 million, you would probably agree with us after seeing the price of this one jet alone.
10. Cletus Ibeto ($3.8 billion)
Dr Cletus Ibeto was born in the old eastern city of Nnewi in Anambra State on the 6th of November 1952. Unfortunately, Chief Ibeto would not complete his secondary education in his early teens as his mate due to the decision of his father for him to learn a trade rather than go to school. Fortunately, Dr Ibeto would later complete his Secondary and University education in his late 40s and early 50s.
Chief Cletus Ibeto
Cletus Ibeto is your traditional Igbo businessman who rose through the ranks of the famous Igbo Apprenticeship Scheme, where he fully indulged in the spare parts trade before starting out on his own. Before long, Mr Ibeto would become one of the biggest importer spare parts and car batteries in the country. Dr. Ibeto's big break came sometime in 1981 when the Shagari Administration and later Buhari regime placed restrictions on importation and import licensing. Before now, Ibeto had already obtained the license for the importation of spare parts and with the restriction would become more like the sole importer of mechanical spare parts into the country.
Dr Ibeto himself mentioned that he was selling at a very high rate and making a great deal of profit since it was virtually like a monopolistic market with him being in charge.
By 1988, Dr Ibeto would begin the local production of some vehicle spare parts like brake pads, headlamps, brake shoes, vehicle batteries, etc in the country, a move that laid the groundwork for his future wealth.
Cletus Ibeto Networth and Cars
Cletus Ibeto is reportedly worth a whopping $3.8 billion making him one of the top richest businessmen in Nigeria. He owns a group of companies that branches across virtually every economic sector in the country, from Oil and gas to Cement bagging, Hospitality, Automobile industry, etc. Union Autoparts Manufacturing Company remains one of his first ventures which he started as far back as 1987 and still remains his biggest source of revenue.
When it comes to getting photos of Chief Ibeto's private life, you can bet it's a sure challenge, as the business mogul makes sure to keep his things under wrap. Anyways, our closest glimmer of his cars came on his wedding day where he displayed his love for the Rolls Royce brand with at least one of his Rolls Royce models gracing his big day. He is said to also own an Innoson Vehicle SUV and other cars.
See some of his cars on display
11. Arthur Eze ($5.7 billion)
Prinze Arthur Eze is unarguably one of the richest Nigerian Businessmen with a size of wealth that is huge, one that falls in the range of several billion. Prince Arthur Eze was born on the 27th day of November in 1948 in his family's ancestral home town of Ukpo in Dunukofia Local Government Area of Anambra State. Prince Eze is a trained engineer who got his undergraduate degree from California State University in the United States of America.
After completing his bachelor's degree in 1978, Prince Eze would return to Nigeria and would immediately hit the ground running in terms of business. His first big break came in 1980 and arrived on the back of his father's good name as Prince Eze, who was awarded a lucrative $12 million contract by the then governor of Kano State Abubakar Rimi for the construction of a TV station. He would also get a similar contract from Plateau state, Bornu State, Katsina, and the Kaduna States within the same period.
With the relationship built during this time, he was introduced to the oil and gas business and would grow to become one of the biggest individual players in the industry with as many as 22 oil licenses owned across Africa.
Arthur Eze Networth and Cars
Prince Eze has most of his business interest in the Oil and Gas sector through his company Atlas Oranto Petroleum Limited which he started as far back as 1991. So how much is Prince Arthur Eze worth? According to industry sources, Prince Eze is estimated to be worth about $5.7 billion, a figure that lands him in the top ten brackets of the richest businessmen in Nigeria.
As we already know, Prince Eze is an outgoing and fashion-loving person clearly seen in his choice of dresses. Anyways our other interest in Prince Eze is his cars. The Anambra businessman owns cars that fit his wealthy status, one of which is the Rolls Royce Phantom he got in 2019. Some of his other cars include Mercedes Benz G-Wagon, Lexus SUV, Mercedes Benz S-Class, etc. We can confirm that the wealthy oil magnate owns an expensive private jet, but rumours have it that Anambra-born business mogul actually has two private jets in his possession.
Prince Arthur Eze admiring his 2019 Rolls Royce Phantom VIII
See Chief Eze rides in an open jeep in the video below
Chief Arthur Eze And his Entourage leaving his compound
12. Oba Otudeko ($550 million to $650 million)
Oba Otudeko may not have been so popular among the middle class before his court battle with Ecobank over a ₦1.5 billion write-down from a ₦5.5 billion initial loan figure. This court battle thrust the very much low-key billionaire into the public eye and made us more aware of his size of wealth. But before we discuss more, let have a look at his background.
Oba Otudeko was born in Ibadan, into a royal household in 1943. He did his primary and secondary education in Nigeria before moving to the UK to complete his bachelor's degree in Accountancy from the University of Leeds. He returned to Nigeria and joined the corporate world as a banking clerk and grow from there to become a bank CEO.
Oba Otudeko joined the business world in 1970 when he founded his company the Honeywell Enterprise. Honeywell Enterprise has grown in leaps and bounds and is now a conglomerate of several other firms with interest cut across virtually every sector of the economy, officially known as the Honeywell Group.
Oba Otudeko Networth and Cars
Oba Otudeko is reportedly worth between $550 million to $650 million, a very good figure for a man who started off as a banking clerk in the corporate world. His wealth has opened doors for him as he is currently the Chairman of the First Bank Nigeria Holdings PLC, the parent company of First Bank Nigeria.
Oba Otudeko is a very private person and tries as hard to keep his wealth off the public space. However, he recently got a gleam of one of his cars, a Range Rover SUV which he arrived in for a court case some time ago. See the photo below.
One of Oba Otudeko's cars, a Range Rover SUV
13. Leo Stan Ekeh ($1 billion)
The name might not ring a big bell but when you mention Zinox Computers, maybe then the light bulb might just get lit. Leo Ekeh is the name behind Zinox Computer, the first locally built computer in Nigeria. Leo's resilience and business drive have made him one of the richest businessmen this country has ever had.
Leo like most Igbo businessmen ground his way from the bottom right to the very top. He built his very first business enterprise over 30 years ago, specifically in 1987. The company Task System Limited would then begin operation in 1989. Following through on the success of Task System Limited, Leo Ekeh would dive deeper into the ICT world by going into computer hardware production with his company Zinox Technology which he founded in 2001.
Leo Stan Ekeh Networth and cars
Industry sources say Mr Leo Stan Ekeh has an estimated worth of about $1 billion. This figure looks correct when you consider the viability of Leo's business, one of such being the popular e-Commerce KONGA which his conglomerate Zinox Group purchased in 2018. Konga remains one of the largest e-Commerce players in Africa, especially when you consider that the company has its own integrated payment platform called Konga-PAY. With this payment platform, Konga is well-positioned to challenge bigger e-Commerce players for the African market.
We expect his worth to further increase as Konga enhances its footprint across Africa.
When it comes to cars. we can take a leaf from the car the business mogul gifted his daughter at her wedding in 2013, a brand new Rolls Royce Phantom. See the photo of Leo posing beside the car below.
Leo posing beside the Rolls Royce Phantom he got for his daughter
14. Mohammed Indimi ($500 million to $650 million)
Mohammed Indimi is a true definition of a smart and market-wise businessman, who learned the ropes of the business from his father before venturing to the deep end on his own as far back as 1963.
Indimi was found to leverage market realities to his advantage, especially obvious in his instinctive and fast reaction to the market needs. A case in point is his decision to cut a deal for the purchase of flour from a neighbouring state into Bornu in 1973, a move that earned him good money. Another instance is his smart move of importing high-performance pumping machines into the country in 1979 to service a market need at that time.
This move marked his entry to the big money men's group as he moved fast to grab the market by the balls, making sure he controlled how the pump market moved and would even build a pump manufacturing plant of his own which further gave him near-absolute control of that market.
By 1990, Mohammed Indimi would further leverage the market reality and venture into the oil and gas industry, which was only a nascent one at the time especially for local players. This move meant Indimi was well-positioned to tap into an industry that would make him one of the richest businessmen in the country.
Alhaji Indimi posing with his beautiful daughters
Mohammed Indimi Networth
Indimi's well-calculated move in the oil and gas market remains one of his most profitable business decision as his investments in that industry has made him a very rich man.
At the moment, Mohammed Indimi is reportedly worth between $500 million to $650 million, as his company, Oriental Energy Resources Limited, currently controls about 3 oil and gas blocks in the country's Niger Delta region.
In the cars' front, Alhaji Mohammed Indimi definitely owns a Toyota Landcruiser Prado SUV, a Mercedes Benz S-Class, and a Rolls Royce Phantom.
15. Tunde Folawiyo ($650 million)
Tunde Folawiyo remains one of the richest men in Nigeria who run businesses in Nigeria. He is the son of Late Wahab Folawiyo, one of the wealthiest businessmen of the Yoruba extraction. Tunde took over the running of his father's conglomerate, (which has a diverse range of interests spanning well over 3 economic sectors including oil and gas, agriculture, shipping, etc), in 2008 after the death of his father.
After taking charge, Tunde presided over the conglomerate with such dexterity and personally took charge of the formation of Enyo Retail and Supply, a company founded in 2016 with an already visible imprint across the downstream value chain of the oil and gas industry. The businessman also controls the following companies in the Yinka Folawiyo Group:
Yinka Folawiyo Petroleum
Folawiyo Energy Limited
United Property Developers
Maritime Associates International
Tunde Folawiyo Networth
Tunde, who is a trained lawyer with an LL.M from the University College London, has a net worth which industry sources quote to be in the region of $650 million. This figure was last confirmed in 2014, however, we believe that the upheaval witnesses by the downstream sector of the nation's petroleum industry must have had an impact on his wealth. But he still remains one of the richest businessmen in the country.
Tunde Folawiyo MD and CEO of the Yinka Folawiyo Group
16. Abdulsamad Rabiu ($3.1 billion and $5.4 billion)
Rabiu like most northern businessmen inherited a family business and through doggedness and the can-do spirit built an empire from that family fortune. Rabiu stepped into the lonely path of entrepreneurship as early as 24 years after just completing his bachelor's degree program in the US.
Fast forward to 2021, Rabiu is the MD and CEO of a business conglomerate that has a footprint in Cement production, Flour mills, Oil mills, and others. The business mogul is reportedly worth between $3.1 billion and $5.4 billion.
A list of some of his companies include:
- BUA Estates
- BUA oil mills Limited
- BUA Port and Terminals Limited
- BUA Sugar Refinery Limited
Abdulsamad Rabiu MD and CEO of the BUA Group
17. Orji Uzor Kalu ($1.1 billion)
Orji Uzor Kalu may forgivably not be regarded as a businessman per se, especially due to his mountain-high political reputation and prominence in Nigeria and across her borders. However, Chief Kalu remains one of the most successful businessmen in the country, with a wealth package that says it all.
Chief Orji Uzor Kalu began doing business when he was just 19 years of age and would grow an initial investment of about $35 to one that is now in billions. Orji Kalu currently runs the SLOK Holding Group of companies which has a footprint in Shipping, oil, and gas, etc. Some of the companies in the SLOK Group which spans over 6 countries include:
- SLOK Airlines
- Sun Publishing Limited
- SLOK Paper Factory
- SLOK Nigeria Limited
- SLOK United States Incorporated
- Adamawa Publishers Limited
- Supreme Oil Limited
- Ojialex Furniture Company
- First International Bank Limited
- SLOK Vegetable Oil
- SLOK United Kingdom Limited, etc.
When it comes to his size of wealth and net worth estimation, Forbes would in 2015 estimate that the Abia State strong man was worth about $330 million. However, recent reports within and outside the country put his net worth to be in the region of $1.1 billion. But we strongly believe that a good portion of this wealth was amassed from his political career as less from the business side.
Anyways, when it comes to cars, Chief Kalu surely has some really expensive taste. See the pictures below to have an idea of the kind of cars the rich businessman and politician owns.
Chief Kalu posing by Some of his cars
Chief Kalu taking a swim with his cars in the background
18. Igho Sanomi ($1 Billion)
Igho remains one of the youngest and most successful Nigerian businessmen. He is one of those people that tries so much to stay under the radar while building a business conglomerate. Fortunately, he has succeeded in doing this and owns a company that turned over as much as $2 billion only a few years ago.
Igho is a graduate of Geology and Mining from the University of Jos and was born in Delta State, Nigeria. He is surely one of the smartest businessmen in the country who joined the business world when he was only 23 years of age. Igho Sanomi successfully followed a business model that would become so successful that he became a multi-millionaire before even turning 40.
Igho went into commodity trading immediately after graduation and would successfully build his competent and business reputation by leveraging every opportunity and the link he could lay hands on. He was collaborating with foreign firms in the Import and Export of petroleum products in and out of Nigeria before long. One of his biggest and best collaborations was with the Swiss trading company, Masefield. This collaboration laid the solid foundation for his success in the commodity trading business and ultimately in him becoming a multi-millionaire.
Igho Sanomi Networth
Industry sources estimate that businessman Igho Sanomi is worth about $1 billion. This is no surprise when you consider the strength of his business ventures especially in the oil and gas sector where he owns a good number of oil blocks both in Nigeria and Ivory Coast. Sanomi is also the majority shareholder and reportedly controls the Afam Power plant in Ogbibo in Rivers State. Igho is the MD of Televeras a commodity trading company. Igho holds a strong interest in the renewable energy sector and would also love to expand his presence in the power generation sector.
When it comes to showing off his wealth, Igho would rather spend his money on helping others. A case in point is his selflessness in sponsoring the medical bills of 6-year-old Ali Ahmadu for his treatment in the United Arab Emirates.
Igho Sanomi generously paid the medical bills of young Ali in 2017
>>> Having read enough of the men's net worth, you might be also interested in 10 Richest women in the world & their cars
19. Femi Otedola ($550 million to $1.8 billion)
Surely, there are some persons that do not require any form of introduction, only their name serves as a good enough introduction for them. Femi Otedola falls in that category, as his name alone is enough introduction to who he is and what he stands for especially in the Nigerian business and social space.
Femi Otedola was born to the former governor of Lagos State, Sir Micheal Otedola. He was born in Ibadan, in the Oyo State of Nigeria, and is the father to famous celebrity DJ, DJ Cuppy.
Femi started out in the business world with his father's company before starting his own firm sometime in 1994. Femi Otedola's biggest break came when he ventured into the oil sector, specifically the downstream end of this sector's value chain. In 2003, Femi established Zenon Oil which he would later merge with Forte Oil, a company he held controlling shares. However, Otedola would actually sell off Forte Oil in 2019 (now known as Ardova PLC), as he makes the move away from the oil and gas sector.
Femi Otedola Networth
Current statistics show that celebrity businessman is reportedly worth between $550 million to $1.8 billion. Most of his wealth was amassed when he was the near-monopolistic dealer of Automotive Gas Oil we popular call diesel. At the moment he currently holds controls of the Geregu Power Plant in Kogi state which costs him a whopping $350 million. Still, he maintains an interest in some of his other oil and gas, as well as non-oil ventures.
When it comes to his public life, Otedola has obviously led a very healthy one, with his Instagram page enjoying a near-weekly activity from his side. The business mogul currently has about 1.2 million followers on the social media platform.
When it comes to his cars, the easiest route to finding out more is through his celebrity daughter, DJ Cuppy, who doesn't seem to tire out in flaunting some of her father's choice cars. Anyways, Femi Otedola owns a number of Mercedes Benz models including Mercedes Benz G-Wagon, Mercedes Benz S-Class, as well as Mercedes Benz SLR Mclaren. He also owns a number of Rolls Royce models including one his daughter reportedly got for him. See some of the pictures below,
DJ Cuppy Posing with Femi Otedola's Cars in the background
See one of Femi Otedola's Rolls Royce
Otedola having some snow fun
20. Mike Adenuga ($6.1 billion)
When you hear Adenuga, it will be unbelievable if your mind doesn't crip to the following two keywords: Globacom or the richest men in Nigeria. Adenuga currently owns Globacom which is the third-largest Telecom service provider in Nigeria and he is also the second richest man in Nigeria.
Adenuga is by every definition a model businessman who scratched his way from the low days till he made it to the top. Adenuga started small, selling whatever he could lay hands-on until he finally made good money. He delved into the oil and gas industry in 1990 and purchase an oil-drilling license from the Nigerian government.
Adenuga also identifies a possible goldmine when the Nigerian government began auctioning out GSM Licenses. He would invest in one of those licenses in 2004, one that resulted in famous Glo Mobile.
Chief Adenuga hasn't looked back since then and has continued to grow his business in leaps and bounds.
Mike Adenuga, the 2nd businessman in Nigeria
Mike Adenuga's Networth and Cars.
Mike Adenuga is surely one of the richest businessmen in Nigeria, especially obvious when you have a look at his net worth. For a man who owns an oil company (Conoil Plc), that controls as many as 5 oil blocks in the country, falling in this class is no accident.
Forbes estimates that the oil tycoon has a net worth of about $6.1 billion, a figure that places him in the top 5 richest men in Africa class and the 2nd richest businessman in Nigeria.
When it comes to cars, the business mogul is surely off the social media radar, keeping his personal life as private as they all do. Anyways, we strongly believe that he owns a Rolls Royce model, a Range Rover SUV, and surely a Mercedes Benz model too. See some photos of his son Padi Adenuga's cars to understand what the big man himself can afford.
Some of Padi Adenuga's cars
21. Aliko Dangote ($11.5 billion)
Aliko Dangote remains the very symbol of wealth and riches as far as the African continent is concerned. In fact, is the yardstick we currently use to contrast individual across the continent. You'll likely hear something like "Baba Calm Down, abi u get money reach Dangote".... Lol. Alhaji Aliko Dangote is super-rich and currently holds the title of the richest man in Africa and thus by extension, the richest businessman in Nigeria too.
Like most northern businessmen, Alhaji Aliko Dangote comes from a family with a long history of business activities. His great grandfather was a one-time richest man in Nigerian and indeed west Africa in the 1950s.
Aliko ventured into business full-time in the 1970s by trading in Agro products between northern cities and Lagos. Before long he was among the biggest commodity traders in the country. Fast forward to 2020, Aliko Dangote is the wealthiest Nigerian businessman around with a network which, according to Forbes, stands at $11.5 billion as of 24th of February 2021. This figure makes him by far the richest man in Nigeria and consequently the richest businessman in Nigeria.
Dangote sharing a laugh with his friend Femi Otedola
When it comes to cars, I'm not sure of which cars are owned by the business mogul who owns the largest fertilizer plant and the largest oil refinery in Africa cannot afford. Anyways, if you want to find out more about Aliko Dangote's net worth, houses, cars & private jet, follow the link.
So guys that the much we have for you when it comes to the top 21 richest businessmen in Nigeria. We know you enjoyed this piece, do come back for more sizzling posts and articles about Nigeria's top celebrities and their cars.