Top 10 richest men in Nigeria 2020 & their cars

Posted by: Juliet Onyeachonam

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Do you know the two richest men in Nigeria are actually the two richest men in Africa? Nigeria have more rich people than you might think! Read now to find out!

The list below is a compilation of the richest men in Nigeria and their cars starting with the richest of them all. Even though the type of car a billionaire chooses to drive does not nearly define the amount of wealth he has amassed but it defines his taste and choice.

Either way, Nigerian billionaires have proven over the years that they have some great taste in cars which is why NaijAuto.com presents this article on their individual net worths and cars they drive.

People often say money does not bring us happiness but with money, we facilitate the journey to happiness and at least, we can help others better with both heart and wealth. There is a fact that even though we all have a big heart and feel for the poor and the unlucky out there, most of us don't really help those less fortunate than the rich who might now really care for them but care more about their reputation or business awareness. According to an Oxfam report, the combined wealth of Nigeria’s five richest men could end extreme poverty in the country. So, today Naijauto.com brings you these people who are whether willing to help or not are drawing a better picture of the future for our unlucky fellows!

Now see how they make those hefty fortunes and what kind of assets they own:

10 richest men in Nigeria, their houses & cars (Updated 2020)

#10. Igho Sanomi / Net worth of $1 billion ~ ₦390 billion

Igho Sanomi (full name: Igho Charles Sanomi) breaks into the list of the richest men in Nigeria this year, being the first new face among the total of 6 persons who make the list after missing the previous-year list.

The Agbor billionaire was born to a Catholic root, being the fifth child and also the first son of his father Dickens Sanomi and mother Mabel Iyaho Sanomi.

He is most known as not only a successful entrepreneur but also a philanthropist. public speaker, and geologist. For this, his business interests span over various fields such as oil, real estate, aviation, maritime industry, telecommunications, logistics, and power.

igho-Sanomi

Picture of Igho Sanomi

Igho Sanomi's background and launch to success

He was born to a well-educated father and mother with his father being a retired Assistant Inspector General of police in the Nigeria Police Force while his mother a former nurse and a yeye jemo of the Isotun Ijesha kingdom. Nurtured in such an environment, Iho Charles Sanomi II got a place in the University of Jos, Plateau State, and complete his education here with a bachelor's degree.

After his years of accumulating experience and fame in the field, Sanomi joined Cosmos oil as an executive director who initiated many innovative ideas for the company to thrive. The soaring success urged him to found Taleveras Group in 2004 and then bought Agam Power in 2013, which are his most noticeable acts in the business.

Igho Sanomi's net worth

As of May 2020, Igho Sanomi is of $1 billion net worth thanks to years of dedication to the oil field as well as others of his ventures. The whopping amount allows him to live in luxury.

Igho Sanomi's private jet

Igho Sanomi does not reveal much about his properties, information of his cars is still far-reaching. However, there was a huge scandal back in April last year when he was involved in a lawsuit claiming his debt to the Swiss bank, which forced him to forfeit his private jet to the bank.

Igho-sanomi-his-house-and-private-jet

Though tied to certain debts, his net worth is just huge

#10. Orji Uzor Kalu / Net worth of $1 billion ~ ₦390 billion

He was born on April 21, 1960, to the of Mr. Johnson Uzor Kalu and Mrs. Eunice Uzor Kalu. He obtained a BSc honors in Political Science at the Catholic University, Washington – USA where. Orji Uzor Kalu had a keen interest in business so he went further to study Business Administration at Harvard University.

cars-of-Orji-Uzor-Kalu

Orji Uzor Kalu made his name in arms and ammunition industry

Orji Uzor Kalu's net worth

Orji Uzor Kalu got his biggest contract when he won a deal to provide arms and ammunition to the Nigerian Military in the early 1980s. Orji Uzor Kalu has a net worth of $1 billion to date.

Orji Uzor's property

Orji Uzor Kalu lives a life of luxury as he has two private jets, houses in Lagos, Abia, Maryland USA, and fleets of cars to his credit. His cars include a Bentley and a Range Rover.

Orji-Uzor-Kalu-car

Some of Orji Uzor's cars

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Orji Uzor's private jet

Orji-Uzor's-mansion

Orji Uzor's mansion

#10. Folorunsho Alakija / Net worth of $1 billion ~ ₦390 billion

Folorunsho Alakija, once richest black woman on Earth, was born on July 15, 1951, in Ikorodu, Lagos State to the family of Chief L.A. Ogbara. She traveled to the United Kingdoms at age seven for her primary school education at Dinorben School for Girls in Hafodunos Hall in Llangernyw, Wale. She studied secretarial studies at Pitman’s Central College, London. Afterward, she also attended the American College, London and the Central School of Fashion to study fashion design.

Folorunsho-Alakija-cars

She is one of only 3 women makes it to the list

Folorunsho Alakija's net worth

Folorunsho began her career in 1974 as an executive secretary at Sijuade Enterprises in Lagos, Nigeria. She continued at the First National Bank of Chicago, now FinBank for a number of years. Afterward, she established Supreme Stitches, a tailoring company. She ventured into Oil and gas in 1993. She amassed so much wealth and was once referred to as the richest black woman in the world. She is worth $1.09 billion, the largest among 3 women in the list of 10 richest men in Nigeria.

Folonrunsho Alakija's cars

She owns a Bombardier Global Express XRS, one of the most exclusive and deluxe jets in Africa. Folorunsho Alakija loves luxury cars, she owns a Mercedes-Benz G-Wagon valued at N20million among other cars. She also travels in her Bombardier Global Express XRS worths around 46 million dollars (~₦16.7 billion).

Folorunsho-Alakija-mercedes-benz

Madam Folorunsho Alakija Mercedes-Benz caught in the street

 

#10. Pascal Dozie / Net worth of $1 billion ~ ₦390 billion

Pascal Dozie was born on April 9, 1939, in a small town in Imo state. He had his primary and education in Imo State and then went ahead to bag a degree in Economics from the Lagos School of Economics. He further obtained a master's in Administrative Science at the City University, London.

portrait-of-pascal-Dozie-the-fourth-richest-man-in-Nigeria

Getting big in his hand, Pascal Dozie, however, lives a normal life without bragging his property and assets

Pascal Dozie's net worth

Pascal Dozie is the founder and previous Diamond Bank and one of the 6 largest individual founder shareholders in MTN. He is also a Co-Founder and Non-Executive Partner at the African Capital Alliance. Although he holds a net worth of $1 billion, he never shows off his luxury belongings.

#9. Jimoh Ibrahim / Net worth of $1.1 billion ~ ₦429 billion

Jimoh Ibrahim, CEO of Global Fleet Group, was born on the 24th of February 1967 to a local fish seller mother and a bricklayer father. Born in a remote village in Ondo state, he attended Community Grammar School, Igbotako, and continued his education at the Federal School of Arts and Science, Ondo state. He completed a degree in international law at the prestigious Obafemi Awolowo University.

Jimoh-Ibrahim-Rolls-Royce

Jimoh Ibrahim is a director at the prestigious Nicon group which has a number of subsidiaries. They include Nicon Academy, Nicon Airways, Nicon Energy, Nicon Hotels, Nicon Insurance, Nicon Investment, Nicon PFA, Nicon properties, Nicon Trustee, Nicon United Kingdom, and Nicon Sao Tome.

Jimoh Ibrahim's net worth

His net worth is presently valued at $1.1billion.

Jimoh Ibrahim's cars

Jimoh Ibrahim loves a luxury lifestyle and got himself a ₦300 million Rolls-Royce for his 50th birthday, making the list of 40 Nigerian Roll Royce owners.

Rolls-royce-ghost-of-Jimoh Ibrahim

Jimoh Ibrahim got himself a ₦300 million Rolls-Royce for his 50th birthday

#8. Dr. Bryant (ABC) Orjiako / Net worth of $1.2 billion ~ ₦468 billion

ABC Orjiako is the co-founder and Chairman of SEPLAT, an independent gas and oil company in Nigeria. The company is one of the leading in the field, confining its focus in the Niger Delta.

After getting his degree in M.B.B.Ch. from the College of Medical Sciences in 1985, he has worked in various places which include the Lagos University Teaching Hospital and the West African College of Surgeons. Notably, the billionaire spent some time studying in the Havard Business School and finished his OPM program in 2006.

Dr-bryant-ABC-Orjiako

Portrait of Dr. Bryant (ABC) Orjiako

ABC Orjiako's Net worth

He has built a reputable name in managing and establishing companies before the birth of SEPLAT which is considered his greatest success, launching his reputation to international awareness. His conquest of the oil business helps him garner a huge amount of income which translates to a net worth of $1.2 billion.

He is one of a few billionaires that rather live a simple life than show off with his crib and cars. Above all, do you agree that seeing ABC Orjiako's family happy is all that matters?

#7. Femi Otedola / Net worth of $1.8 billion ~ ₦701 billion

The 7th of the richest men in Nigeria is Femi Otedola who is very familiar on the social media with 2 famous and beautiful daughters - Temi Otedola & DJ Cuppy. Femi Otedola was born on the 4th of November, 1962 to the late Sir Michael Otedola and Mrs. Nana Otedola in Ibadan, Nigeria.

Femi Otedola's net worth

Femi Otedola graduated from the Obafemi Awolowo University, (OAU) formerly referred to as the University of Ife. As soon as he graduated, Otedola headed the family’s printing press business for a while before he switched into the lucrative lane of the oil business.

Femi-Otedola-Cars

Femi Otedola is one of the best names in the oil industry

He founded Zenon Oil, a company involved in the importation and marketing of petroleum products. He is also the chairman Forte Oil Plc.

To date, his net worth is estimated to be $1.8 billion ~ ₦701 billion.

Femi Otedola's property

Femi Otedola is a millionaire that possesses at least three houses in Lagos. Another is in Abuja where he meets with officials. In fact, it is said that Femi Otedola houses are situated all over Nigeria. Femi Otedola possesses a private jet which is worth more than sixty million dollars.

Femi Otedola's cars

Femi Otedola owns a fleet of luxurious cars. He maintains a Mercedes fleet in Nigeria. He also maintains the Rolls-Royce custom-designed cars, built in Great Britain. Both fleets cost about $1 billion. His Mercedes cars are bulletproof include a Mercedes Benz AMG 63,  He recently acquired a Mercedes-Benz Mclaren SLR valued at N250 million.

The businessman has sweet relationships with his daughters. He must be very proud of his two talented daughters with one being a famous owner of JTO Fashion Blog while others succeeding in the music industry. Seems like his kids share the same passion for exotic cars with their father as Femi once gifted Temi Otedola a red Range Rover while another time he presented his DJ daughter a white Range Rover.

DJ-Cuppy's-Range-Rover

Dj Cuppy drove her father's Rolls-Royce when she was in Britain

Femi-Otedola-Range-Rover&-BMW

Cars owned by Femi Otedola

Femi also drives a Mercedes-Benz G-Wagon. This car was seen in his mansion in Ikoyi. The initial cost of this car is about $300 000. The bulletproof system and the custom design hikes its cost to $400 000.

#6. Abdulsamad Rabiu / Net worth of $2.5 billion ~ ₦974 billion

Abdul Samad Isaya Rabiu (full name) was born in 1960 to Khalifah Isyaku Rabiu who was also a businessman. The Kano-born tycoon made his name in the chemical, steel, and iron importing field, being an owner of BUA Cement Plc which earned him an affluent source of income.

abdulsamad-photo

Portrait of Abdulsamad Rabiu

Abdulsamad Rabiu's Net worth

Aside from the above-mentioned businesses, Abdulsamad also joins hand in real estate and the sugar refining industry. His total net worth is estimated to be $2.5 billion.

Abdulsamad Rabiu's cars

There is no information leaked about his cars, but ironically, the generous businessman has been known by many as one who donates and awards cars to the deserved. Last year, his BUA group under Abdulsamad Rabiu rewarded its customers with more than 20 cars while during the Covid-19 pandemic, he also donated 20 vehicles to his hometown Kano to fight the virus.

abdulsamad-donated-cars

Cars to fight the Coronavirus, donated by Abdulsamad Rabiu's BUA group

#5. Benedict Peters / Net worth of $2.7 billion ~ ₦1,053 billion - Top richest men in Delta state

Born in 1966 in Delta State, Benedict Peters (or like many call him Benny Peter) is another businessman who grew rich in the energy industry of Nigeria. However, what makes him a great example is the fact that he grew himself great all the way from a humble origin unlike many others on the list.

For those tough years at his tender ages, Benedict Peters endeavored to join a local University of Benin and has never wished to go abroad to pursue higher education. After his graduation in 1989 with a bachelor's degree, the man's life has been bouncing to reach greatness despite the fact that he has jumped from various fields to pay the bill in his early years.

bennedict-peters-portrait

Portrait of Benedict Peters

Benedict Peters' net worth

His wisest choice is to work in the energy industry, founding Sigmund Communecci which is now famously known as Aiteo Group. Currently, his net worth is estimated to be $2.7 billion.

#4. Cletus Ibeto / Net worth of $3.7 billion ~ ₦1,443 billion

Looking at the name, you now already know why the number 4 could be so affluent, right? Yes, Cletus Ibeto is the chairman as well as co-founder of Ibeto Group. The tycoon touches people's hearts with his humanitarian acts to support people living in poverty.

Cletus-Ibeto

Portrait of Cletus Ibeto

The story of Cletus Ibetor thriving to success has been the inspiration to millions of Nigerians. Though he craved for formal education, he had to subdue to his father's decision of putting him on the trading map since the age of a secondary student. This led to his not receiving his WASSCE till 48 and a bachelor's degree till 54. But seems like his life fared well!

Cletus Ibeto's Net worth

The inspirational leader of the Ibeto Group took his chance in the 1980s when the controversial import licensing system and oil crash crippled Nigeria's manufacturing activities. Till now, the Ibeto Group's founder's net worth is at $3.7 billion, being the richest man in Eastern Nigeria.

Cletus Ibeto's cars

The only time the mass can witness Cletus Ibeto beside a car was when he along with Ebonyi State Governor, Chief Engr. David Nweze Umahi, inspected an Innoson car. Information of his own rides has not been disclosed.

cletus-Ibeto-inspecting-an-innoson-car

Cletus Ibeto inspecting an Innoson car

#3. Arthur Eze /  Net worth of $5.8 billion ~ ₦2,223 billion

One of the most respected men in the Nigerian oil industry, Arther Eze deserves a place on this list. The oil tycoon, politician, philanthropist, and head of Atlas Oranto Petroleum grew up from Anambra to a royal family; therefore, many call him Prince Arthur Eze.

arthur-eze

Arthur Eze making a speech

Arthur Eze's net worth

Arthur Eze founded Atlas Oranto Petroleum in 1991, growing it to be the currently largest holder of oil exploration blocks in Africa. Therefore, his net worth is growing over the years to be estimated at $5.8 billion now in 2020.

Arthur Eze's car

The media used to go mad at the news Price Arthur Eze got spotted in his 2019 Rolls-Royce back in 2018. Aside from that, information about his car collection has been kept close-mouthed.

2019-Rolls-Royce-of-Arthur-Eze

Riding the car everyone wishes to have, Arthur Eze must be a guy who knows how to relish his life

 

#2. Mike Adenuga / Net worth of $5.9  billion ~ ₦2,3 billion - The second richest man in Nigeria

Michael Adeniyi Agbolade Ishola Adenuga Jr was born on April 29, 1953, in Ibadan, Nigeria. He studied Business Administration at the Northwestern Oklahoma State University and Pace University, New York. His telecom company Globacom grew rapidly and competed largely with MTN Group, the largest multinational telecom company in Nigeria. He was branded the African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on August 15, 2007.

Mike-Adenuga-Car-collection

Mike Adenuga is also the second richest man in the continent

Mike Adenuga's net worth

His enterprise, Globacom, is the second-largest telecom operator in Nigeria, with a large presence in Ghana and Benin republic. Forbes (2019) valued his net worth at $9.21 billion. With this net worth, Mike Adenuga also took the 2nd position in the list of Top 10 richest men in Africa last year (after Aliko Dangote).

To date, his net worth is estimated to be $5.9  billion ~ ₦2.3 trillion.

Mike Adenuga's property

He owns an estate in Banana Island which he branded as the Gold digger’s den. The estate comprises nine (9) duplexes, a church, a mosque, two watchtowers, and a multipurpose hall that seats 200 people. His personal duplex has a home office, indoor swimming pool, car park, helipad, and a yacht deck that occupies about 3 hectares.

Mike Adenuga's cars

He recently acquired a burial tomb (Dysney vault) for N200 million at the upscale vaults and Gardens, Ikoyi. He drives an Audi A7, a Mercedes AMG G63 among other expensive cars. He also maintains two Rolls-Royce, one in Nigeria and the other in London. In addition to all that, Mike Adenuga owns a private jet and drives a 35 million naira Bentley Continental GT.

Mike Adenug-silver-bentley

Mike Adenuga-G-wagon

Mike Adenuga-Rolls-Royce

  • Honorable mention: Fifi Ekanem / Net worth of $850 million ~ ₦331 billion

The list of 10 richest men in Nigeria can't be complete without Fifi Ekanem Ejindu as an honorable mention. wished I could make this post to be Top 50 richest men in Nigeria but instead, I would include the lady as an honorable mention.

Fifi was born in the year 1962 to a royal family in Ibadan, Nigeria. Her grand-father is King James Ekpo Bassey of Cobham Town in Calabar. 

Her father, a university professor at the University of Ibadan, Professor Sylvester Joseph Una was once a Minister of Health in Nigeria.

Fifi-Ekanem-the-sixth-richest-man-in-Nigeria

Fifi Ekanem joined hands in real estate in Nigeria

She pursued her secondary education at the staff school of the University of Ibadan and proceeded to Queens College, Lagos.

She went further to acquire a B.A and a Masters in Urban Planning at the Pratt Institute, Brooklyn New York where she studied architecture.

Fifi Ekanem's net worth

She founded Starcrest Group of companies in 1995 which was involved in real estate, building construction, oil, and gas. She was awarded the African Achievers African Arts and Fashion Lifetime Achievement award in 2013. She is worth $850 million.

Fifi Ekanem cars

Fifi is one of the 8 Nigerian women who own a Roll-Royce. She bought a ₦130 million worth Rolls-Royce Ghost for her 51st birthday.

Fifi-Ekanam-s-Rolls-Royce-Ghost

Fifi Ekanem owns a Rolls-Royce Ghost. She's also known to gift her friends Rolls-Royces

#1. Aliko Dangote / Net worth of $8.4 billion ~ ₦3,275 billion - the official richest man in Nigeria & Africa

Aliko Dangote was born on April 10, 1957, to an affluent and highly esteemed family. Dangote was raised by Alhaji Alhassan Dantata, his grandfather, who was once the richest man in Africa. He studied business studies and administration at the Al-Azhar University, Kairo. According to several reports, Aliko discovered his passion for business from a very tender age, and many years down the line, he founded the Dangote Group in the year 1977.

Aliko-Dangote-car-collection

Not only number one in Nigeria, but Aliko Dangote is also the richest man in Africa

The company from inception became a major producer of pasta, flour, and sugar. At the moment, Dangote Group has diversified into many businesses which are all subdivisions of the Dangote Group. They are Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote Oil Refinery in Ibeju Lekki Lagos is the largest refinery in Africa.

He is currently living in Lagos which the richest state in Nigeria with the richest people in Nigeria.

Aliko Dangote's net worth

He was the 6th on the list of the “100 Most Influential Philanthropists” organized by Richtopia, other awards include Forbes Africa Person of the Year 2014 and Clinton Global Citizen Award 2015. At the moment, Dangote is worth $8.4 billion and with that amount of money, he is currently the richest man in the entire Continent of Africa as well. (Read also: Top 10 richest men in Nigeria)

Aliko Dangote's property

Aliko has a tastefully designed castle-like mansion in the UK. In 2013 he acquired a state of the art yacht adorned with many impressive gadgets. In addition to a ₦15b yacht that used to give the ride to Anthony Joshua, Aliko Dangote owns a super classy Bombardier's Global Express XRS private jet that’s worth $45 million.

Aliko Dangote's cars

When it comes to cars, the richest man in Nigeria and also in Africa did not disappoint. Aliko Dangote's car fleet has no place for a mediocre car. All the exotic cars come at prices that a normal person would only dream of. They are the $1m Maybach 57S Knight Luxury, $2m Bugatti Veyron, $310,000 Bentley Mulsanne, etc.

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Aliko-dangote-bugatti-veyron

Aliko-dangote-Bentley-Mulsanne

Aliko-dangote-mercedes-benz

Aliko-dangote-maybach

Aliko-dangote-bugatti

Aliko-dangote-Roll-Royce

Interesting facts about Aliko Dangote

  • He only needs 1314 hours equivalent to 55 days of work to buy his $2.3 million Bugatti Veyron.
  • Though being a billionaire, Aliko Dangote once ignited public and media interest by riding a bus alongside Femi Otedola and Governor Ambode.

Now you've learned that two richest men of Nigeria are actually the two men who are richest in Africa. What is your thought? Who do you think can make it to the list next year?

All in all, hope you have a nice time reading this article on 10 richest men in Nigeria and their cars. You can find more articles like this on Najauto.com.

Top 10 richest men in Nigeria by net worth (Updated in 2020)
 Rank Name Net worth in USD Net worth in Naira
 #1

 Aliko Dangote

$8.4  billion

₦3,275 billion
 #2

 Mike Adenuga

 $5.9  billion

₦2,3 billion
 #3

 Arthur Eze

$5.7 billion

₦2,223 billion
 #4

 Cletus Ibeto

$3.7 billion

₦1,443 billion
 #5

 Benedict Peters

$2.7 billion

₦1,053 billion
 #6

 Abdulsamad Rabiu

$2.5 billion

₦974 billion
 #7

 Femi Otedola

$1.8 billion

₦701 billion
 #8

 ABC Orjiako

$1.2 billion

₦468 billion
 #9

 Jimoh Ibrahim

$1.1 billion

₦429 billion
 #10

Pascal Dozie

Folorunsho Alakija

Orji Uzor Kalu

Igho Sanomi

$1 billion ₦390 billion
Honorable Fifi Ekanem $850 million ₦331 billion

Car collections of the richest people

Check out more cars of the rich on Naijauto celebrity car corner:

>>>You can update various information about cars on Naijauto.com by click Car-new.

How rich is Mike Adenuga? All Mike Adenuga House, Private Jet, Luxuries & Company

Peope also search for: who is the richest man in Nigeria,  who is the richest man in africa, top ten richest men in Nigeria, richest people in Nigeria, top 10 richest man in Nigeria

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Juliet Onyeachonam

Juliet Onyeachonam

Car maintenance

Juliet Onyeachonam is an enthusiastic car nut which is why she has turned that passion into a fantastic job by becoming a car blogger on NaijAuto.com. Juliet's blogs are a wealthy resource for information on car maintenance, driving tips and also how things pertaining to cars work.

Additionally, because of her passion for the entertainment industry, Juliet does not write only hardcore but also entertaining articles about cars.

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