2017 Top 10 Richest Nigerians, Their Businesses & Net Worth

Nigeria is blessed with wealthy and affluent people. Yearly, Forbes ranks richest people all over the world. This article is focused on the 2017 Top 10 Richest Nigerians, Their Businesses & Net Worth. So, who do you think makes the top 10? Before you read further, why not make a wild guess? Can you?

The list of 2017 Top 10 Richest Nigerians, Their Businesses & Net Worth is drawn from all strata of the society. We have  politicians, and most certainly, business people who have diverse interests. Note, the ranking is based on measurable financial records. So let us see those in the top 10.

2017 Top 10 Richest Nigerians, Their Businesses & Net Worth

Here is the list of the 2017 Top 10 Richest Nigerians, Their Businesses & Net Worthis . We will do a countdown, starting from the 10th ranked person.

10. Oba Otudeko

Oba Otudeko is the only person on the list who falls below the Billion dollar threshold. He’s estimated to be worth $650 million. Oba is the Chairman and founder of the Honeywell Group. He is also the chairman of FBN Holdings Plc. His business operations spread across oil and gas, flour mining, real estate, and marine transportation.

9. Jim Oviah

Have you heard of ZENITH BANK? You have. Jim Oviah is the founder and chairman of Zenith Bank. He also manages a mobile telecom Visafone which has over 3 million subscribers. His Net Worth is $1 billion.

8. Orji Uzor Kalu

A two tenure former Governor of Abia State, Orji Uzor Kalu is the founder and chairman of Slok Holding. The Slok Holding has interest in shipping, banking, oil, trading, manufacturing and the media. Orji Uzor Kalu is worth $1.1 billion.

7. Tony Elumelu

Tony Elumelu is one of the foremost African philanthropists. He runs the Tony Elumelu Entrepreneurship Foundation. Tony Elumelu is the founder of the Transcorp and Heirs Holdings. He is also the chairman of United Bank for Africa and is estimated to worth $1.4 billion.

Also See: Highest Paid Nigerian Footballers In 2017

6. Abdusalam Rabiu

Abdusalam is the founder of the famous BUA Group: a conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a Chinese cement equipment service provider Sinoma International Engineering to construct a second production line located in Edo State Niger Delta, Nigeria. Net Worth: $1.5 billion.

5. Theophilus Danjuma

General Theophilus Yakubu Danjuma is a politician and multi-millionaire businessman and philanthropist. He was Nigerian Army Chief of Army Staff from July 1975 to October 1979. He was also Minister of Defence under Olusegun Obasanjo.  Danjuma is chairman of South Atlantic Petroleum (SAPETRO). Net Worth: $1.7 billion.

4. Folorunsho Alakija

The only woman  on the list, Folorunsho is a business tycoon who has interest in fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited. She is the richest Woman in Nigeria and the richest woman of the African descent in the world. Net Worth: $2.1 billion.

3. Femi Otedola

Femi is a Nigerian businessman, entrepreneur philanthropist, and chairman of Zenon Oil and Gas and Forte Oil Plc. He is also the owner of a number of other businesses across shipping, real estate and finance. He is the second Nigerian after Aliko Dangote to be included on the Forbes list of dollar-denominated billionaires. Femi has recently invested in power generation as part of the liberalisation of the sector in Nigeria. Net Worth: $2.3 billion.

Also See: Forbes 2017 Most Valuable Football Clubs

2. Mike Adenuga

Adenuga’s company Globacom, is Nigeria’s second-largest telecom operator, and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil. Forbes has estimated his net worth at $5.8 billion as of 2017 which makes him second wealthiest Nigerian behind Aliko Dangote,as well as the third richest person in Africa.

1. Aliko Dangote

Obviously, you know it was always going to be him. Aliko Dangote is not only the richest man in Nigeria, but also in Africa as well as the richest black man in the world. Dangote is worth $12.5 billion. He owns the Dangote Group. The firm has branches in Nigeria, Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia. Dangote is ranked by Forbes as the 67th richest person in the world.

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