Richest Men In Nigeria And Their Net Worth 2023

This is to inform the general public About Richest Men In Nigeria, Given the high number of millionaires in modern Nigeria, many are curious in the total fortune of the nation’s richest citizens.

Richest Men In Nigeria

These people have a variety of sources of income, including investments in several facets of the Nigerian economy. They have risen to the top of local and global prominence thanks to their money. The wealthiest individuals in Nigeria are estimated to be worth millions or billions of dollars as of 2023 after demonstrating sound financial judgment by making investments in significant areas of the country’s economy.

The private sector in Nigeria has been able to generate successful men and women who are industry captains, CEOs of international corporations and organizations, and major businessmen and women because to the availability of both people and natural resources. We’ll look at some of the wealthiest persons in Nigeria in this post, along with their empires.

List of Richest Men In Nigeria And Their Net Worth

1. Aliko Dangote ($12.6 billion)

Aliko Dangote, who was born on April 10th, 1957, will be 66 years old in 2023. Through investments in the manufacture of cement, automobiles, and fertilizer, he has amassed his money. While he does not claim the title of the richest person in the world, he is the richest person in Africa. Dangote is well-known for founding and leading Dangote Cement, the biggest African cement manufacturer in which he owns an 85% share. Dangote’s net wealth is $12.6 billion as of 2023.

2. Abdulsamad Rabiu ($7.9 billion)

In 2023, Abdulsamad Rabiu will be 63 years old. He was born on August 4th, 1960. He invested in real estate, sugar refining, and cement production to amass his money. With a $7.9 billion net worth, Rabiu is currently the second richest person in Nigeria. He founded the BUA Group, a business that engages in the manufacture of cement, the refinement of sugar, and real estate. He started a company that specialized in importing iron, steel, and chemicals in 1988. In addition, Rabiu received land from his successful businessman father who passed away.

3. Alafaa Kariboye-Igbo ($6.1 billion)

Oil Money, also known as Alafaa Kariboye-Igbo, was born on May 21, 1981, making him 41 years old in 2022. His commercial investments in real estate, gas, oil, auto dealerships, and entertainment are his main sources of wealth. Oil Money grew in a low-income household, but through perseverance and hard work, he has grown to be a prosperous entrepreneur with a $6.1 billion net worth.

4. Arthur Eze ($5.8 billion)

As of 2022, Arthur Eze, who was born on November 27th, 1948, was 74 years old. He is famous for serving as the Chief Executive Officer of Atlas Oranto Petroleum, one of the biggest privately owned oil exploration and production firms in Nigeria. In 1992, when air travel in Nigeria experienced deregulation, Eze founded Triax Airlines. His predicted net worth in 2023 is $5.8 billion.

5. Mike Adenuga ($5.7 billion)

Mike Adenuga, born on April 29th, 1953, was 69 years old in 2022. Through investments in telecom and oil production, he has amassed his wealth. Adenuga has a net worth of $5.7 billion, making him the fifth-richest person in Nigeria. He is the owner of Globacom, Nigeria’s third-largest mobile network operator. Adenuga also owns Conoil Producing and is involved in the oil exploration industry.

6. Cletus Ibeto ($3.8 billion)

As of 2022, Cletus Ibeto, who was born on November 6th, 1952, was 70 years old. He has amassed money via producing cement, energy, and car components. As the founder and chairman of the Ibeto Group, the most important union in the Eastern portion of Nigeria, Ibeto is well-known. During his student years, he began his entrepreneurial career as an importer of additional components. Cletus Ibeto’s net worth is projected to be $3.8 billion as of 2023.

7. Orji Uzor Kalu ($3.2 billion)

Orji Uzor Kalu was born on April 21, 1960, and as of  April 2023, he was 62 years old. His enterprises and political career have both contributed to his financial success. Kalu is a wealthy politician and businessman with a $3.2 billion net worth. He is the Chief Whip of the House of Senators in the Federal Republic of Nigeria and the serving senator for the Abia North Senatorial District. He also serves as the CEO of SLOK Holding, a business with holdings in media, finance, shipping, manufacturing, and oil trading.

8. Emeka Offor ($2.9 billion)

As of February 2023, Emeka Offor, who was born on February 10th, 1957, was 66 years old. He acquired his money through his prosperous oil industry firms. Offor is a well-known oil tycoon, philanthropist, and the creator of The Chrome Group, an Abuja-based oil exploration company. Emeka Offor has engaged in numerous commercial endeavors, and his estimated net worth is $2.9 billion.

9. Benedict Peters ($2.7 billion)

Nigerian millionaire Benedict Peters made his money in the oil and gas sector. He started working in this industry in the early 1990s and collaborated closely with Ocean and Oil’s founders before launching Sigmund Communecci in 1999. In February 2008, Peters established the Aiteo Group to take over from Sigmund Communecci. His net worth is projected to be $2.7 billion as of 2023.

10. Andy Uba ($2.1 billion)

A politician from Nigeria named Andy Uba was born on December 14th, 1958, and is now 64 years old. In 2011, he was elected senator of Anambra South Senatorial District in Anambra State. He started his political career while still in college. His net worth is $2.1 billion as of 2022.

What do you need to do to become rich?

Except for a few individuals with affluent parents, all of the wealthy persons on this list had humble beginnings. Ambition, vision, and the determination to excel in their respective industries are what gave rise to their successful businesses. Richest Men In Nigeria

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Who is the richest black man in 2023?

#1 Dangote, Aliko

Due to his $19.9 billion fortune amassed from his fertilizer company, Dangote Fertilizer, his ownership of Dangote Cement Plc, Africa’s largest cement maker, and Dangote Sugar, Nascon Allied Industries, Aliko Dangote, Africa’s richest man, is also the world’s richest Black billionaire.

Who is Nigeria’s first billionaire?

In 2007, Dangote became the first billionaire in Nigeria. According to the Bloomberg Billionaires Index, Dangote reportedly increased his personal wealth by $9.2 billion in 2013, ranking him as the thirty-fifth richest person in the world and the richest African at the moment


Here, we’ve listed Nigeria’s top earners along with brief biographies of each. You now know the characteristics of the wealthy, including their age and the nature of their businesses, and we’ve shown you how to become one of them.

We hope that you will be motivated by their successes to launch your own company and join these deserving offspring of our magnificent nation. It is now your chance to take your proper place among those who will be honored tomorrow; move quickly.

FAQs Richest men in nigeria

Who are the billionaires in Nigeria listed by Forbes?

Three Nigerians were among the 2460 individual billionaires on Forbes magazine’s list of the wealthiest people in the world as of 2023. Aliko Dangote, the president and chief executive of the Dangote Group, AbdulSamad Rabiu, the chairman of the BUA Group, and Mike Adenuga, the CEO of Globacom, are the three Nigerians on the list.

Who is the richest child in the world in 2023?

Princess Charlotte has been referred to as “the richest kid in the world” since she is a member of the British royal family, one of the richest and most well-known royal families in the world.

Which tribe in Nigeria is the wealthiest?

The Igbo are Nigeria’s richest tribe. Igbos live in the states of Abia, Anambra, Ebonyi, Enugu, and Imo. The richest people in Nigeria belong to this tribe.

Who is the richest Igbo man?

Arthur Eze, CEO of Atlas Oranto Petroleum, one of Nigeria’s largest privately-held oil exploration and production businesses, is ranked first among the rich Igbo men. Following the deregulation of airlines in Nigeria, he established Triax Airlines in 1992. He is an Anambra State native and comes from Ukpo Village in Dunukofia.

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