Forbes Top 10 Richest Men in Nigeria (2019)

Several wealthy people exist in Nigeria but some standout among the pack. Forbes records that there are certain exceptionally wealthy individuals in Nigeria, who run certain business conglomerates. They are seen to be among the richest people in Nigeria as they have built an empire that shapes the economy of Nigeria.

Some new names appeared in the scene in 2019 as among the richest in the country. In this article posted on Nigerianinfopedia, you will find information about these richest men in Nigeria, What businesses made them rich, What their net worth is, among others.

Forbes Top 10 Richest men in Nigeria (2019)

Oba Otudeko

Dr. Oba Otudeko is the current chairman of Airtel Nigeria, Fan Milk Nigeria PLC and Honeywell Group of companies.

He is an investor, retired banker and an entrepreneur. Oba Otudeko net worth is estimated to be $605 million.

Mohammed Indimi

Mohammed Indimi is also an entrepreneur and investor. He is an active player in the Oil and Gas sector.

He is the founder of Oriental Energy Oil Resources Limited which he established in 1990.

Mohammed Indimi net worth is estimated at $650 million and he is one of the richest persons in Nigeria.
Abdulsalam Rabiu

He is the Chairman of the popular flour milling, BUA group, a company that deals in the production, supplying of Flour, refining of sugar, ports and terminal management.

Abdulsalam Rabiu net worth is estimated to be $710 million according to Forbes.

In 1980, Mr Abdulsalam Rabiu had his education at the Capital University, Ohio, United States of America after which he came back to Nigeria to take over his father’s business.

In 1988, he then established the BUA group which currently has the second largest sugar refinery in Nigeria. The Company also has various interests other sectors of the economy such as in manufacturing, infrastructure and agriculture.

Mr Abdulsalam’s Company is said to be worth of $2.5 billion financially. He further bought the Nigerian Oil Mill Limited and is the chairman of the Nigerian Bank of Industry. He has many philanthropic works to his credit.

Jim Ovia

Jim Ovia is the 7th richest man in Nigeria and founder of Zenith Bank. He also has a very large stake in the mobile telecoms company, Visafone.

He is an investor, entrepreneur especially in real. Jim Ovia net worth is estimated to be $840 million.

Orji Uzor Kalu

A one time former governor of Abia state in Nigeria. He was born April 21, 1960.

He is the owner of The Sun Publishing and her sister paper, News Telegraph, a leading Newspaper company in Nigeria.

His company, SLOK Holdings is into various businesses. Orji Uzor Kalu net worth is estimated at $900 million

Tony Elumelu

Popularly known for his charity and philanthropic gesture, Tony Elumelu is the owner of Transcorp and Heirs Holdings.

He was decorated with the Commander of the Order of the Niger (CON) title and was former chairman, United Bank of Africa (UBA).

Tony Elumelu is the fifth richest man in Nigeria 2019 and his net worth is estimated to be at $1 billion.

Theophilus Danjuma

With a whooping net worth of $1.02 billion, Theophilus Danjuma made his wealth while he was Nigeria’s Army’s Chief of Army Staff between 1975 to 1979.
He is currently the chairman of South Atlantic Petroleum.

Femi Otedola

He is one of the popular figures in Nigeria and CEO of Zenon Petroleum Oil and Gas and Forte Oil Plc.

He has interest in other sectors asides oil and gas, especially in Real estate.

Femi Otedola’s net worth is estimated at $1.06 billion.

Mike Adenuga

Mike adenuga is the current second richest man in Nigeria 2019.

He is the owner of the second largest telecommunications company in Nigeria – Globacom and the founder of ConOil.
Mike Adenuga current net worth is $4.5 billion.

Aliko Dangote

Aliko Dangote is currently the richest man in Nigeria and Africa this year 2019.

He owns the Dangote Group, which has sub companies that has interests in telecommunications, agricultural production, real estate and so on.

Aliko Dangote’s current net worth is at $17.3 billion.

Source: Nigerianinfopedia

The Author

Chinenye Nwabueze

He is a Senior Lecturer in the Department of Mass Communication, Chukwuemeka Odumegwu Ojukwu University, COOU, (formerly Anambra State University), Igbariam Campus.

37 Comments

Add a Comment
  1. A nice piece. Reading this is also a source of motivation to the hardworking youth at large.

  2. I think the Dangote figure is incorrect, as of March 13 2019, Dangote net worth is still $16.6bn

  3. Who knows how this people started, determination,perseverance and hard work matters so much

  4. The money wey we get e no go finish oo!!!
    INVESTORS REAL TIME!!!!

  5. Wow if we work hard we will be earn money even in our youth age

  6. They worked hard to earn it
    If we work hard too we will make it happen too

  7. Crystal Chinelo Erokwu

    Nice one. Didn’t know Mr Elumelu was first five.

  8. Ntoruka Maryjane
    very beautiful,pray for more Grace to them

  9. Lazarus Kelvin chidiebube

    Nice

  10. Lazarus Kelvin chidiebube

    Nice one

  11. happiness chidume

    nice one.

  12. Chidozie chiazokam jennifer

    Very nice… Pray my name would b heard like dis

  13. Udogu Ogechi Victory

    Wow!! I’m actually motivated to work hard. Congratulations to them

  14. Egbuwalo Teniola Glory

    Very encouraging

  15. They are rich and so, do they think about the poorest state in Nigeria abeg make them go c-don

  16. Otedola and Dangote forever my inspiration

  17. OBI OGECHI EMMANUELLA

    we have money in this country, but just in hands of few people

  18. people who motivate

  19. Why will Nigeria be better when the rich are getting richer.. The poor are getting poorer

  20. Omenuko Adaobi Promise

    Nice article

  21. Okere Favour Udochi

    Cause my papa no bi dangote, happy riching

  22. Okeke Cynthia Chinecherem

    It’s really motivating reading articles of dignitaries…it often shows the benefits that await hardwork…

  23. Okeke Chioma Onyinye

    Great men. Am really motivated

  24. Anagbogu Mary Ifeyinwa

    Nice article

  25. Okeke Chiamaka Gabriella

    Wow that is good

  26. Ezeh vivian chinaecherem

    Great men!!

  27. Okeke Chiamaka Gabriella

    This is great

  28. Reading this gives me alot of joy. Can’t wait to be on this list ooo

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