Top 10 Richest Man in Nigeria 2023 and their Networth
by Surya
Updated Mar 31, 2023
Richest Man in Nigeria
Contemporary Nigeria boasts of a large number of millionaires, prompting curiosity about the net worth of the country's wealthiest individuals. These individuals have diversified income streams, including investments in various sectors of the Nigerian economy. Their wealth has propelled them to the forefront of local and international prominence. As of 2023, the richest people in Nigeria are valued in the millions or billions of dollars, having exhibited financial acumen by investing in critical sectors of the nation's economy.
Top 10 Richest Man in Nigeria 2023
Rank
Name
Net Worth
1
Aliko Dangote
$12.6 billion
2
Abdul Samad Rabiu
$7.9 billion
3
Alafaa Kariboye-Igbo
$6.1 billion
4
Arthur Eze
$5.8 billion
5
Mike Adenuga
$5.7 billion
6
Cletus Ibeto
$3.8 billion
7
Orji Uzor Kalu
$3.2 billion
8
Emeka Offor
$2.9 billion
9
Benedict Peters
$2.7 billion
10
Andy Uba
$2.1 billion
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Who is the Richest Person in Nigeria Top 10?
1 - Aliko Dangote
Born on April 10th, 1957, Aliko Dangote is currently 65 years old as of 2022. He has accumulated his wealth through investments in cement production, auto manufacturing, and fertilizer production. While he is not the richest person globally, he holds the distinction of being the wealthiest individual in Africa. Dangote is renowned for establishing and serving as the chairman of Dangote Cement, the largest cement producer in Africa, in which he has an 85% stake. As of 2023, Dangote's net worth is $12.6 billion.
2 - Abdul Samad Rabiu
Abdulsamad Rabiu was born on August 4th, 1960, and is presently 61 years old in 2022. He has accumulated his wealth through investments in cement production, sugar refining, and real estate. Rabiu is currently the second-richest person in Nigeria, with a net worth of $7.9 billion. He is recognized for establishing BUA Group, a company involved in cement production, sugar refining, and real estate. In 1988, he launched a business focused on importing iron, steel, and chemicals. Additionally, Rabiu inherited land from his late father, a successful businessman.
3 - Alafaa Kariboye-Igbo
Alafaa Kariboye-Igbo, popularly known as Oil Money, was born on May 21st, 1981, making him 41 years old as of 2022. His source of wealth is primarily derived from business investments in real estate, oil, gas, auto dealership, and entertainment. Despite being born into a low-income family, Oil Money's hard work and dedication have propelled him to become a successful businessman with a net worth of $6.1 billion.
4 - Arthur Eze
Arthur Eze, born on November 27th, 1948, is currently 74 years old as of 2022. He is recognized as the Chief Executive Officer of Atlas Oranto Petroleum, one of Nigeria's largest privately-owned companies involved in oil exploration and production. Following the deregulation of airlines in Nigeria in 1992, Eze established Triax Airlines. As of 2023, his net worth is estimated at $5.8 billion.
5 - Mike Adenuga
Born on April 29th, 1953, Mike Adenuga is presently 69 years old as of 2022. He has accumulated his wealth through investments in telecom and oil production. Adenuga is recognized as the fifth-richest person in Nigeria, with a net worth of $5.7 billion. He owns Globacom, the third-largest mobile phone network operator in Nigeria. Additionally, Adenuga is involved in the oil exploration business and is the owner of Conoil Producing.
6 - Cletus Ibeto
Cletus Ibeto, born on November 6th, 1952, is currently 70 years old as of 2022. He has built his wealth through cement, energy, and automotive parts production. Ibeto is well-known as the founder and chair of Ibeto Group, the most significant union in the Eastern part of Nigeria. He started his entrepreneurial journey as an extra parts import vendor during his college days. As of 2023, Cletus Ibeto's net worth is estimated at $3.8 billion.
7 - Orji Uzor Kalu
Orji Uzor Kalu was born on April 21st, 1960, and is currently 62 years old as of 2022. He has acquired his wealth from both his businesses and political career. Kalu is a successful entrepreneur and politician, with a net worth of $3.2 billion. He currently serves as the sitting senator of Abia North Senatorial District and is the Chief Whip of the House of Senate in the Federal Republic of Nigeria. Additionally, he is the CEO of SLOK Holding, a company that has investments in banking, shipping, manufacturing, oil trading, and media.
8 - Emeka Offor
Emeka Offor was born on February 10th, 1957, and is currently 65 years old as of 2022. He has made his wealth through his successful businesses in the oil industry. Offor is a prominent oil tycoon, philanthropist, and founder of The Chrome Group, an oil exploration firm based in Abuja. With his extensive business ventures, Emeka Offor's net worth is estimated to be $2.9 billion.
9 - Benedict Peters
Benedict Peters, a Nigerian billionaire, made his fortune in the oil and gas industry. He began his career in this sector in the early 1990s and worked closely with the founders of Ocean and Oil before starting Sigmund Communecci in 1999. Peters then founded the Aiteo Group in February 2008, which succeeded Sigmund Communecci. As of 2023, his net worth is estimated at $2.7 billion.
10 - Andy Uba
Andy Uba, a Nigerian politician, was born on December 14th, 1958, and is currently 64 years old. He began his political career while in college and was elected Senator of Anambra South Senatorial District in Anambra State in 2011. As of 2022, his net worth is $2.1 billion.
Who is the Richest Man in Nigeria?
As of 2023, Aliko Dangote is considered the richest man in Nigeria and one of the wealthiest people in Africa. Born in Kano State, Nigeria in 1957, Dangote began his career as a trader in commodities such as sugar, cement, and flour.
Through hard work and business acumen, he built his company, the Dangote Group, into a multinational conglomerate with interests in cement, sugar, salt, flour, and more. The company has become a major player in the Nigerian economy and has expanded to other countries in Africa.
Dangote's net worth is estimated at over $11 billion, making him not only the richest man in Nigeria but also one of the richest people in the world. Despite his wealth, Dangote is known for his philanthropic efforts, including funding education, health, and infrastructure projects across Africa.
Top 20 Richest Person in Nigeria in 2023
Rank
Name
Net Worth
1
Aliko Dangote
$12.6 billion
2
Abdul Samad Rabiu
$7.9 billion
3
Alafaa Kariboye-Igbo
$6.1 billion
4
Arthur Eze
$5.8 billion
5
Mike Adenuga
$5.7 billion
6
Cletus Ibeto
$3.8 billion
7
Orji Uzor Kalu
$3.2 billion
8
Emeka Offor
$2.9 billion
9
Benedict Peters
$2.7 billion
10
Andy Uba
$2.1 billion
11
Femi Otedola
$1.8 billion
12
ABC Orjiako
$1.2 billion
13
Leo Stan Ekeh
$1.2 billion
14
Danjuma Theophilus
$1.1 billion
15
Jimoh Ibrahim
$1.1 billion
16
Pascal Gabriel Dozie
$1 billion
17
Folorunsho Alakija
$1 billion
18
Igho Sanomi
$1 billion
19
Jim Ovia
$980 million
20
Tony Elumelu
$700 million
Top 10 Richest Man in Nigeria 2023 - FAQs
Aliko Dangote is the richest man in Africa.
Abdulsamad Rabiu is the founder of BUA Group.
Alafaa Kariboye-Igbo is commonly known as "Oil Money."
Arthur Eze is the CEO of Atlas Oranto Petroleum, one of Nigeria's largest privately-held oil exploration and production companies.
Mike Adenuga owns Globacom, a mobile phone network in Nigeria, and Conoil Producing, an oil exploration business.