The Money List: Top 21 Richest Nigerian Billionaires

Very few Nigerians have made the Forbes list of richest people in the world the reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange).


The few Nigerians that have the list are Aliko Dangote, Mike Adenuga and Femi Otedola.

The list of top 21 Richest Nigerian billionaires has been based on:

The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.

Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top.

In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Check out the list below.

1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world

2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom

3. Femi Otedola – ZENON Oil and Gas

4. Orji Uzor Kalu – Slok Group

5. Cosmos Maduka – Coscharis Group

6. Jimoh Ibrahim – Nicon Insurance, Global Flee

7. Jim Ovia – Zenith Bank, Visafone

8. Pascal Dozie – MTN Nigeria, Diamond Bank

9. Oba Otudeko – Honeywell Group Nigeria

10. Alhaji Sayyu Dantata – MRS Group

11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group

12. Prince Samuel Adedoyin – Doyin Group

13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.

14. Chief Cletus Ibeto – Ibeto Group

15. Raymond Dokpesi – Daar Communication, AIT,

16. Tony Ezenna – Orange Group

17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies

18. Ifeanyi Ubah – Capital oil and gas

19. Leo Stan Ekeh – Zinox Computer

20. Fola Adeola – GTBank

21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars


  1. let them invest their money in the lives of over 170 million Nigerians, that is when we would know that the are truely “RICH” so to say.

  2. let them invest their money in the lives of over 170 million Nigerians, that is when we would know that they are truely “RICH” so to say.

  3. where is Tony Elumelu, Rabiu Ahmed and Mrs Alakija in the liast, these are among the top ten. Jimoh Ibrahim is not supposed to be there.

    • God bless you my brother,I wonder how jimoh’name made the list when ωε still many serious minded biznes men in the country.presently all jimoh’s companies are bn runned @loss.infact nothing is happenin in all his filling stations and depot,globalfleet industries not working,.he hardly pay staff salaries and doesn’t maintain anythng in his company.airngeria don enta voicemail despite 35billion naria collectd by jimoh frm federal govt †̥ boost his airline.his staffs collectd decembert salary in third week of january dis year,no christmas packag,no bonus,nothing like leave and this man stil made d list.

  4. Dangote, a man of honour,man of hero.and a sucesful man in this world! May he never been retrogresively and God wil lift me up like him.

  5. Thank God for thier lives what about thier souls? Are they saved. If you gain the whole world and loose your what will that profit you. Please are the listed men should search thier minds. May the grace of God carry you all through INJ

    • Thank you, for that contribution, but there are people who will neither gain the world nor their souls, at this time let us congratulate them it is not easy in Nigeria. The wall of poverty is very difficult to pull down in this country. the gap between the poor and the rich is so wide. May God delver his people, in the mist of plenty Nigerian people keep living in penury .

  6. Life is not about how much you have but the number of life you positively influence with the little you have.To whom much is given ,much is expected.They’ve work for it but much is expected from them.

  7. they ar all failures
    hw many of them cn boost of raising just 1 millionaire in their state or they takimg care of d less priviledged around them?

  8. just say nigeria greatest thieves not richest one way or the other they are nothing but thieves and enemies of our nation..

  9. Life is not about how much you
    have but the number of life you
    positively influence with the little
    you have.To whom much is
    given ,much is
    expected.They’ve work for it but
    much is expected from them.

  10. Actually, dey’ve worth it bcos most of them has been helping d situation of d nation most especially in d aspect of employment but jimoh Ibrahim who went to Ghana and establish energy bank dia with much branches, why not here? I doubt why he shd be among!!! God bless us all

  11. I salute these men who re always up at nights wen others re possibly sleeping. D fear of failure has kept them on the top. Kudos my countrymen. I also implore Foebes 2 kindly access our own man. His name is Chief (Dr) Ernest Azudialu Obiejiesi. He is the boss behind Obijackson W/A Ltd,Nest oil $ gas and other companies too numerous to write here. Thanks.

  12. Tank god, we have 21 rechest money in this country and we still have jobless in this country too, many graduate are loking for job,they don’t have money to buy anything we surffering, no light, no tap water,lack of good road every year fuel increase, god will punish u and ur money.

  13. To be a man is never easy!! They hav tried for both themselves and the economy of our nation Honestly.. One day, all of them will die and be buried with nothing…. I mean no money … No wealth!!!! Its a ringing bell!!! Do the right thing now you are still alive and be blessed…. Maxwinno!! By his grace, i will top the list and will shop the world the meaning of being RICH…. Its simply to serve/rule… I pray it shall come to pass!!!

  14. don’t you find it funny that after all the indictments, proofs of theft, unpaid bank loans some people like Femi Otedola, Orji Uzor Kalu, Jimoh Ibrahim, Alhaji Sayyu Dantata, Ifeanyi Ubah still made the list?

  15. The names is incomplete if OBASANJO,IBB,TY DANJUMA,ABDUSALAMI ABUBAKA,EL RUFAI.LUCKY IGBINEDION,IBORI,CHRIS OYAKHILOME,ISIAKU RABIU,and plentyful others. they enjoying their wealth while over 170million people are watching from their respective home zones. the bombing has not stopped neither the secret killings nor the………we are watching

  16. This people forgot to list Franklin Ezenwa in this list. Ezenwa group of companies is worth more than ZENON Oil and Gas, okay let me believe that this is not the real list.

  17. Its not easy….they deserved it cos they laboured for it.stop criticising if you are not okay with this list go and work hard and be the 1st.

  18. Thank God for their lifes and others whom their names are not included in the list.What’s their impact to better the lifes of the poor masses who are interested in going into small and medium business to encourage them.

  19. Boy this guys are in money, am happy for them at least people are still working in their organisations and giving thanks to God for the Opportunity. All they need for those of them that are not saved is to embrace Christ, i pray that the grace of salvation will work in them. This guys are loaded. I REFUSED to be small IJN. I will top the list of the world

  20. I believe God that someday my name will be in the list of Forbes top riches African…… I will represent Nigeria,by God’s Grace, Amen!!!

  21. kool, am surprised though that note one of our former rulers such as obasanjo and babaginda didnt make it. Are they hiding the money they’ve stolen and scared to declare their worth?


  23. Wow !dix cals 4 a sober reflectn.:-( i salut u SIRS. My God i want to b wealthy grant me d Grace. I blive in wealth bt wot rili matas s d impact on d masses(GOOD NAME S BETA DAN SILVER ND GOLD).

  24. Wealth is a thing everybody desire’s,but few are ready to pay the sacrifice associated with 2much money!don’t be jealous,cursing them is unnecessary be contented and above all have a vision of where u’re going or what u want to be.

  25. I celebrate all our richest in Nigeria am nt angry of ur riches but am using dis tym 2 tell yu am coming very soon nd over taking is allow.

  26. Mr Dangote, a Nigerian who made his fortune in cement, flour and sugar, is worth an estimated $16bn (£10bn) and has topped the Forbes list of Africa’s richest men for the past three years.

  27. Mr Dangote is a Nigerian who made his fortune in cement, flour and sugar, is worth an estimated $16bn (£10bn) and has topped the Forbes list of Africa’s richest men for the past three years.

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