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Richest Businessmen In Nigeria

If you are looking for a comprehensive list of the richest businessmen in Nigeria 2020, then you are reading the right post.

Orji Uzor Kalu
Orji Uzor Kalu

The dream of everyone in the world is to become rich.

But the secret to real riches lies in owning a business or investment.

That is why the richest men in the world today are all businessmen and women in one way or the other.

Without a doubt, the richest businessmen in Nigeria have shown all of us that the business world is a world that is very lucrative.

One cannot become the richest man in the world or even in a country or state depending on his/her salary.

That should tell you that businesses own the riches of the world.

Now, in this list, we are going to go through some of the best and richest businessmen in Nigeria, and their net worths in 2020.

These men operate on a higher level and they are known all over the world for their success.

So without wasting too much of your time, here comes the list of richest businessmen in Nigeria 2020.

10 Richest Businessmen In Nigeria (2020)

Here are the list of the richest businessmen in Nigeria and their net worth in 2020.

10. Oba Otudeko – Networth: $800 million

On the tenth place in this list, we have Oba Otudeko.

He is a famous Nigerian businessman and investor who was born on the 18th of August 1943.

He is the chairman of First Bank of Nigeria, and also the founder of the popular Honeywell Group.

This is a company that produces several consumer products like noodles, sugar, and many other food products.

His products are very popular all over Africa today, and they keep spreading.

He is an alumnus of the Leed Beckett University where he studied accounting.

Aside from his Bachelor’s degree in Accounting.

He has also taken several top-quality courses from world-class institutes like the Harvard Business School.

With numerous investments spread across the whole world.

Oba Otudeko is currently one of the richest men in Nigeria with a current net worth of over $800 million.

9. Jim Ovia – Networth: $980 million

Jim Ovia is a Nigerian businessman who was born on the 4th of November 1951.

He is the chairman of Zenith Bank.

However, he was the one behind the great success of this bank and also the founder of the popular Visafone Communications.

The famous Nigerian telecommunications company ‘MTN’ bought this company from him at an undisclosed worth.

Jim Ovia is the pioneer of so many modern banking systems used in Nigeria today.

He is a tech investor, and also the founder of several tech companies like the Nigerian Software Development Initiative, and the Cyberspace Network.

With a net worth of $980 Million, he is currently the ninth richest businessman in the country.

8. Theophilus Danjuma – Networth: $990 million

Born on the 9th of December 1938, Theophilus Danjuma is the oldest businessman on this list.

He is a business tycoon and philanthropist, and he is also a retired Army General.

He was a minister of defence in Nigeria.

Currently, he is the CEO of SAPETRO (Southern Atlantic Petroleum).

This is a very popular oil company with a strong presence all over Africa.

Theophilus gained admission to study History at the Nigerian College of Arts Science and Technology in Zaria.

This college is now the popular Ahmadu Bello University.

After his studies, he joined the  Nigerian Defence Academy (NDA) and passed out as a Second Lieutenant.

It was after his retirement back in the late 70s that he fully ventured into the business.

With a net worth of about $990 Million, he is currently the eighth richest businessman in Nigeria.

7. Tony Elumelu – Networth: $1 Billion

With a current net worth of $1 Billion, Tony Elumelu is currently one of the richest businessmen in Nigeria.

He was born on the 22nd of March 1963.

Tony is the chairman of Heirs Holdings and UBA, and he is also the founder of the Tony Elumelu Foundation.

He is responsible for the popularity of UBA across Africa.

He upgraded it from being a Nigerian bank, to being an African bank.

Tony Elumelu attended the famous Harvard Business School.

Today, he is a very successful businessman and Economist who owns several investments in different industries.

These include real estate, health care, agriculture, finance and more.

As an economist, he has held several lucrative posts in different organizations including the United Nations.

6. Orji Uzor Kalu – Networth: $1.1 Billion

Born on the 21st of April 1960, Orji Uzor Kalu is a successful Nigerian businessman and one-time governor of Abia State, Nigeria.

He started a business while he was only 19, and he became a millionaire by 20.

He is currently the founder of SLOK Holdings.

The company is a diverse one with so many subsidiaries in different fields like shipping, palm oil trading, transportation, and more.

While he was younger, he was a controversial person who even got expelled from the University for fuelling several student protests.

Today, he is one of the richest businessmen in Nigeria with a net worth of $1.1 Billion.

5. Uzoma Dozie – Networth: $1.1 Billion

Uzoma Dozie is a very famous banker, business tycoon, and tech investor from Nigeria.

He was the General Managing Director of the popular Diamond Bank Plc till 2019 when he established his company called Sparkle.

He is a very experienced banker and businessman, and he is also one of the richest men in Africa.

Today, he is estimated to worth $1.1 Billion, making him the fifth richest businessman in Nigeria.

4. Femi Otedola – Networth: $1.8 Billion

Born on the 4th of November 1962.

Femi Otedola is a Nigerian entrepreneur and philanthropist who has also made it big in the business world.

He is currently the chairman of the famous Forte Oil, and also the CEO of Zenon Petroleum and Gas Ltd.

He is the son of the one-time Lagos state governor ‘Michael Otedola’.

As a diverse businessman, he is also into other fields like real estate, shipping, and more.

With a whopping net worth of $1.8Billion, Femi Otedola is the fourth richest businessman in Nigeria today.

3. Abdusalamad Rabiu – Networth: $3.1 Billion

In third place, we have Abdusalamad Rabiu.

He is a diverse Nigerian business tycoon who was born on the 4th of August 1960.

He is the CEO and chairman of the BUA Group.

His company is diversified just like that of Aliko Dangote.

He is into manufacturing, infrastructure, and agriculture.

Rabiu also heads the Nigerian Bank of Industry.

With an estimated net worth of $3.1Billion.

Abdusalamad Rabiu sits firmly as the number three richest businessman in Nigeria, and one of the richest in Africa.

2. Mike Adenuga – Networth: $7.7 Billion

Mike Adenuga is the number two businessman in Nigeria.

He was born on the 29th of April 1953.

As a businessman, he made his fortune from the oil industry, and the telecommunications industry.

He is the CEO of Conoil Ltd which currently owns over 6 oil blocks in Nigeria, and he also owns the popular Globacom network (Glo).

There is hardly anyone who doesn’t know the Glo network here in Nigeria.

With over a 40million subscribers, Glo is currently the second-biggest telecom company in Nigeria.

Today, they have even expanded to other African countries like the Benin Republic, Cote de’ Voire, and more.

With a current net worth of $7.7Billion, he is currently the second richest businessman in Nigeria.

1. Aliko Dangote – Networth: $9.2 Billion

Aliko Dangote is a Nigerian businessman who was born on the 10th of April 1957.

He is the CEO of the Dangote Group, with several refineries and factories spread all over Africa.

He is into the manufacturing of products like cement, flour, salt, sugar, noodles, etc.

His company rules the market in major African countries like Nigeria, Ghana, South Africa, Ethiopia, Benin Republic, Cameroon, and more.

The Dangote sugar refinery is currently the largest in Africa and the third-largest in the world.

With a net worth of $9.2Billion, he is currently the richest businessman in both Nigeria and Africa as a whole.

Final thoughts on Richest Businessmen in Nigeria 2020

From the comprehensive list above, you now know the richest businessmen in Nigeria.

These men are all big businessmen in their various fields, and their wealth keeps growing by the day.

Feel free to follow them carefully and learn from their moves.

They are inspirations to so many aspiring and upcoming business owners in the business world today.

If you dream to be on this list one day in your life, then make sure you start a business today.

Not just a business, but a lucrative business.

This will show you a step by step guide, and it will boost your performance when you venture into the business world.

So far, this is all for this post.

I hope you found this article useful.

Feel free to drop your opinions on this list of richest businessmen in Nigeria below…



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