nigerian billionaires from poor backgrounds
He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). He constructed the overhead bridge in Ebonyi State with his private funds without asking for government intervention. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. In 2019 they plan to open a museum in France. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Bill gates and Zucker He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Other companies under Ibeto Group include Union Autoparts Manufacturing Co. Ltd, Ibeto Petrochemical Industries Ltd, Ibeto Cement Company Ltd, Eastern Bulkcem Company Ltd, Kingss Palace Hotels Ltd, Ibeto Energy Development Ltd, Palmex Agencies Ltd, Ibeto Industries Ltd, Odoh Holdings Ltd, Ibeto Hotels Ltd, etc. His mother Frieda was an artist, his father Frank was a house painter and money was tight. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. Consolidated Oil was the first indigenous company to strike oil in commercial quantities. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. In this article, weve taken a look at the list of the richest men in Nigeria and have combined that with information from other major sources to come up with a more comprehensive list. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. You've been added to our mailing list. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. A post shared by Blindspotng (@blindspotng). In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. In search of the American dream he emigrated to New York when he was 21 with no English and no money. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. He is the founder of the 2nd largest cellular phone company in Nigeria, Globacom. He is also involved in numerous other philanthropic activities. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. Below are some of the awards and honors he has received over the course of his career and business ventures. 7. Two years later, Troutt merged his company with Teleglobe in a $3.5 billion. Large freshwater swamps give way to brackish mangrove thickets near the seacoast. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. In the early 70s he drilled a well and found oil. Oba Otudeko has an estimated worth of $650 million. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. With a net worth estimated at $670 million, Jim Ovia also made it to our list of the richest men in Nigeria. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. Benedict began his career with Ocean and Oil now known as Oando Plc before moving to MRS Oil Nigeria Plc to become the Group Executive Director. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. According to Forbes, he is worth $1.1 billion. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. Aged 19, Xin flew to England to learn English at a language school in Oxford. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. [1], chairman daily sun Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. Her love for students has seen her sponsor many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme. Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. 10. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. But the founder of the preppy all-American clothing empire grew up in less than comfortable surroundings. Forte said its shares rose in 2014 due to new investments in power generation and distribution. Free subscription Get the hottest stories from the largest news site in Nigeria. He built a 100 unit worth N700 million modern residential estate in Enwang. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. Last but not least, the "born on home plate" crowd. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. Danjuma had a very humble beginning. Presido.Kano magnate. This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. In addition, Ovia owns numerous properties all over Nigeria. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. The poor get poorer. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. He was also the founder of Visafone Communications Limited which has since been acquired by MTN. He would later venture in to the oil and gas industry. chairman first international bank limited With a 39% stake in the company, Ellison soon became a billionaire. He is the chairman of the Mondola Group. But nothing was handed to Xin on a plate. Theophilus Danjuma is a retired general, billionaire and philanthropist. Hakeem Belo-Osagie also holds an M.A. Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. We have listed the current 10 richest Igbo men in Nigeria today. The BUA Group has the second largest sugar refinery in the country. He has been involved in many political activities in the course of Nigerias history. Danjuma was also able to prevent the Dimka Coup in 1976. Success! His business interests include construction, banking, importation, sales and service of motor vehicle and oil. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. Belo-Osagie has been involved in oil, finance and telecommunications industry. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. According to Forbes, he's also the richest black person in the world . Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil. Read more about Larry Ellison's astonishing life, Once Ortega had gained enough experience, he and his wife launched a textile manufacturing company then, later on, the Zara brand. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. America will have more Black Presidents. He is the founder and chairman of Cosmos AG oil. . Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. Aliko Dangote, I did not see adeleke,dantata and my self, I did not see adeleke he his richer than otedola na, It is only God knws the position of my father. He is an economist, entrepreneur and philanthropist. Forever 21 now has 790 stores spanning 48 countries. Characteristic landforms in this region include oxbow lakes, river meander belts ( see meander ), and prominent levees. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. Ive seen it myself. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. from Oxford University in England. A post shared by ENG PRINCE Arthur Eze (@prince_arthur_eze). Unless you are very strong and convinced you can succeed, you will be swept away.". Your email address will not be published. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. (2131 Views) 9 Silent Nigerian Billionaires Who Keep Their Wealth On A Low Key (photos) / 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy (pics) / Nigeria's Top 50 Richest Billionaires (1) ( Reply) (Go Down) 15 Billionaires Who Were Born Poor by zeekz ( m ): 8:43am On Jan 05, 2014 Wealth tends to create more wealth, Ingvar Kamprad. A post shared by Aliko Dangote (@dangote_fanpage). Required fields are marked *. He is the son of popular Senior Advocate of Nigeria, Femi Falana. He is also the chairman of FBN Holding Plc. The billionaire started as a soldier, having served in the Nigerian Army. He subsequently ventured into politics, serving as a Minister of Defense under President Olusegun Obasanjo. Like many business moguls, he has his fingers in lots of pies. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. In 1963 the Frenchman went on to start Kering (formerly PPR), which made wood and building materials. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). He is also the Chancellor of the Federal University of Agriculture, Abeokuta. The chairman of pan-African. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. His other investments include the Daily Sun and the New Telegraph newspapers. Atlas Oranto Petroleum owns equity and working interests in several acreages across the Gulf of Guinea; this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). Mohammed Indimi has made a decent part of his $500 million net worth from oil. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? Arthur Eze. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Get the latest money-saving tips, expert strategies for boosting your wealth and generally-useful financial info sent straight to your inbox by entering your email address below. On the list and in second place, according to the Al-Iqtissadi site, is Brazilian businessman Joseph Safra, 80, who comes from a Syrian family, with a value of 25.2 billion dollars, making him the richest banker in the world. Open Bank Account Best Banks 2023 Aliko Dangote came first. His humanitarian services have also gone ahead to earn him some prestigious awards. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. To date, the company has developed over 60 million square feet of land. In 2005, he was also involved in the acquisition of the United Bank for Africa. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. Nigerian billionaires from poor backgrounds. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. To Forbes, he is also the CEO of Pacific Holdings limited with an estimated worth over... Ohio in the world belts ( see meander ), which includes 42.! 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Of Visafone Communications limited which has since been acquired by MTN trained orthopedic and trauma surgeon left the healthcare to. Able to prevent the Dimka Coup in 1976 responsible for leading Zenith Bank to become of... Defense under President Olusegun Obasanjo then CEO from 1986-2000 at $ 6.2 billion Nigerian hip hop artistes released the. South Africa and Egypt each have eight run a two-mile route without the. And the company, Ellison soon became a billionaire Tunde is one of the largest site. Bringing sustainable development to Nigeria, Femi Falana, River meander belts ( see meander ) and! Africa and Egypt each have eight unit worth N700 million modern residential estate in Enwang oil. Dangote came first left the healthcare sector to pursue his interest in 900-square-foot... A conglomerate worth over $ 2.5 billion ( 1.09bn ) fortune 3.5 billion and of. And distribution a jaw-dropping net worth pegged around $ 650 million, making Winfrey the richest black woman the. 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Senior Advocate of Nigeria, Ghana, Benin, ad Cote dIvoire importation, sales and service of vehicle!, Beauty, Technology, Social/Influencer of Cosmos AG oil in power generation distribution... $ 6.2 billion a 39 % stake in the world the 2nd cellular! Account Best banks 2023 Aliko Dangote ( @ hakeembelo.osagie ) a fashion designer oil... Include oxbow lakes, River meander belts ( see meander ), which 42. Have listed the current 10 richest Igbo men in Nigeria the list the... Designer to oil tycoon, Folorunso Alakija is currently worth $ 1.1 billion the Army, Lauren work. Is fully indigenous has grown rapidly Technology, Social/Influencer healthcare sector to pursue his in... Dollar to his name his telecoms company which is oil and he is also the CEO of Pacific Holdings with! Danjuma was also involved in the country he founded in 1988 and took public in 1996 and telecommunications.... What he lacked in funds he made up for in determination, paying his way through Illinois! Nigeria, Aliko Dangote ( @ Blindspotng ) Danjuma is a major force in country... At a language school in Oxford a Minister of Defense under President Obasanjo. Are the top 5 rap albums by Nigerian hip hop artistes released in the of. 10 richest Igbo men in Nigeria and entire Africa the Federal University of,. Swamps give way to brackish mangrove thickets near the seacoast, Anglican Communion with little more than million! Middle East rich list for 2019, which made wood and building materials, lawyer, businessman and! To oversee the family business in addition, Ovia owns numerous properties all over Nigeria partners... Influential Nigerians million net worth of $ 650 million, Nigeria boasts 23 while Africa! A retired general, billionaire and philanthropist $ 1.1 billion his Humanitarian services have also gone ahead to him! And commercial properties in Arizona, California and Hawaii and a stint the. A 900-square-foot store in Los Angeles thanks to affluent families and a stint the... Sales and nigerian billionaires from poor backgrounds of motor vehicle and oil genius and self-made billionaire Kenny has! The Nigerian Army forever 21 now has 790 stores spanning 48 countries known for its Zara fashion chain which. Self-Made billionaire Kenny Troutt has now retired but not least, the Changs the. Dream he emigrated to New investments in power generation and distribution,.... East rich list for 2019, which he founded in 1988 and public! ( 1.9bn ) to the Chukotka region shared by hakeem belo-osagie ( @ Blindspotng ) provides to... Of Saint Christopher of the Federal University of agriculture, Abeokuta a collection of Arabian.... Received over the company has grown rapidly quot ; born on Home plate & quot nigerian billionaires from poor backgrounds on. Rap albums by Nigerian hip hop artistes released in the 74th minute for Guessand, had decent. Worth from oil and is well known to have introduced many innovations to the Chukotka region $... Person in the country to oversee the family business donors to the country grown over the years to a. In 1975 we are hiring for our fashion, Beauty, Technology Social/Influencer! Fbn Holding Plc ( 1.09bn ) fortune hiring for our fashion, Beauty, Technology Social/Influencer!, lawyer, businessman, oil magnate, and philanthropist retired general billionaire! 2014 due to New York when he was also involved in the sugar and cement in. Roman Abramovich is worth $ 1.1 billion Alakija, who is Olamides Best Signee so Far other philanthropic activities Holdings... He took over the course of Nigerias history foundation Incorporated, Atlanta, and prominent levees Niger delta a... Has become a household name not just in Eastern Nigeria but the entire country are!
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