Top 50 richest men in Nigeria
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The net worth of the top 50 richest men in Nigeria is estimated to be more than $30 billion. let’s find out their individual net worth then. 


Look I have to tell you some of the richest billionaires in Nigeria 2020 didn’t declare their assets. 


As such even Forbes can’t really dig into their wealth without it raising some eyebrows. 


So what will you get from today’s post? 


Well, in today’s post you will be able to discover some of the top 50 richest people in Nigeria 2020.


As a matter of fact, this list of top 50 richest men in Nigeria covers everything you need to know. 


Here is a bullet point of the headings I will touch before I draw the curtain. 


  • Who are the top 10 richest men in Nigeria today 


  • Who are the top 20 richest men in Nigeria today


  • Who are the top 30 richest men in Nigeria today


  • Who are the top 40 richest men in Nigeria today


  • Who are the top 50 richest men in Nigeria today


  • Conclusion 


Assuming you understand what you will get from the top richest persons in Nigeria 2020 then let’s dive in deeper. 


This list will race from the richest men in Nigeria top 10 through the top 50 richest men in Nigeria 2020


So sit tight! 


Who Are The Top 10 Richest Men in Nigeria 


Who are the top 10 richest men in Nigeria 2020? The top ten richest men in Nigeria are;


  • Aliko Dangote 


  • Mike Adenuga 


  • Bola Ahmed Tinubu


  • Ibrahim Badamosi Babangida


  • Umaru Abdul Mutallab


Now that we have the complete list of the top 10 richest men in Nigeria, now let’s touch on each bullet point. 


Aliko Dangote $16.4 Billion 


The first question you may want to ask me is who is Aliko Dangote right? 


I will satisfy your curiosity so you don’t have to worry. 


In other to answer your question, Aliko Dangote is a Nigerian businessman, philanthropist, and founder of Dangote Group. 


If you are looking for the richest man in Africa then look no further because you just found him. 


Although I believe there are many who are richer but have refused to disclose their wealth. 


When I wrote this article on the top 50 richest men in the world, Dangote didn’t make that list. 

Top 50 richest men in Nigeria

but he is among the top 200 richest people in the world right now holding the position of 163.


So what is his full name? The full name of Dangote is Alhaji Aliko Dangote. 


Dangote was born in Kano in the year 1957 April 10th. This is exactly 3 years before Nigeria got her independence. 


Oh did I forget to tell you that Dangote is from Kano State? because he really is. 


Truth be told Dangote and his several companies have created a lot of job opportunities. 


I am not talking Nigeria alone, his Dangote cement factory cut across several other African countries including Kenya. 


So how much is the net worth of Aliko Dangote? Aliko Dangote net worth is currently estimated to be $16.4 billion. He makes a lot of his money from his Dangote Group conglomerate. 

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Dangote Group started with cement and then shift its focus to sugar, then crude oil. 


So far the success of all his companies makes him the number one richest man in Nigeria 2020. 


Aliko Dangote networth: $16.4 billion 


Now that you know who takes the first position on the top 5 richest billionaires in Nigeria let’s move on. 


Mike Adenuga $9.2 Billion 


Who is Mike Adenuga you may ask right? 


The simple answer to that question would be Mike Adenuga is a Nigerian billionaire. 


He is one of Forbes richest men in Nigeria according to the 2020 rankings. 


Mike Adenuga is a Nigeria telecommunication businessman, and the founder of the Globacom. 


If you follow Channels a lot you probably have ran into one of the company’s Ads on TV. 


So what is his full name? The full name of Chief Michael Adeniyi Agbolade Ishola Adenuga Jr. 


He was born in the year 1953 on April 29th to a father who is a teacher and a mother of royal blood. 


Adenuga took his primary and secondary school studies in Lagos before furthering his education. at the Northwestern Oklahoma State University


Nigeria is one country that is rich in crude oil which is her major export. 


Why the story? 


Well, it is because Mike Adenuga own stake in Conoil which is a crude oil drilling company. 


So how much is the net worth of Mike Adenuga? Michael Adenuga net worth is currently estimated to $9.2 billion. He majorly makes his money from his company Globacom. 


Globacom is the second largest telecommunication company in Africa. 


It has branches even in Benin, Kenya, and some other parts of Africa which have also help. to create job opportunities for more than 1000 persons in Africa. 


Mike Adenuga networth: $9.2 Billion 


Okay, I know what you are thinking if he is the 3rd richest person in Africa then that most put him in the number two position of the top 10 richest people in Nigeria right? 


Well, if that’s your thought then you guessed right. 

Mike Adenuga $9.2 Billion

So let’s continue… 


The next one on our richest men in Nigeria list is Bola Tinubu… 


Bola Ahmed Tinubu $8 Billion 


At the beginning of this post, I told you about some people who did not declare their assets right? 


Well, this man is one of them and he is so filthy rich through his political career. 

Bola Ahmed Tinubu $8 Billion 

So who is Bola Tinubu? Bola Tinubu is a Nigerian politician and the ex-governor of Lagos State. 


What is his full name then right? His full name is Chief Bola Ahmed Adekunle Tinubu. 


Tinubu was born in Lagos State in 1952 precisely March 29th. 


Tinubu had his primary and secondary education in Nigeria before flying to US to acquire a degree in accounting. 


He studied accounting in Chicago State University where he graduated with a degree in accounting. 


Bola political career has been one that’s got the country talking for over decades. 


and his APC party has the current president ruling the nation Nigeria, the person of President Buhari. 


So how much is the net worth of Bola Ahmed Tinubu? Bola Ahmed Tinubu’s net worth is currently estimated to be $8 billion. A larger chunk of his wealth was made through politics. 


His political career saw become a one time governor of Lagos States whilst ruling with great integrity. during his tenure in office. 


Bola Ahmed Tinubu networth: $8 Billion


Although Ahmed has other sources of income, this is the place that birth every other of his income. 


Now let’s get on to the number 4 of the top 50 richest people in Nigeria today, shall we? 


Ibrahim Badamosi Babangida $7 Billion


Another great politician who never declared his wealth but as a Nigerian, we know how rich he is. 


So who is Babangida? Well, I can say he is most popular for coups in the 1970s and 1980s.

Ibrahim Babangida is a Nigerian politician and ex-president of the Republic of Nigeria during military rule. 


The wealth Ibrahim has amassed over the years comes from politics. 


So what is his full name? His full name General Ibrahim Badamasi Babangida. 


He was born in Minna which is the capital of Niger in the year 1941 August 17th. 


General Ibrahim Babangida attended Government college Bida. 

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Babangida is among one of the very few military personnel with several courses attended which boosted his rank. 


How much is the net worth of Ibrahim Badamasi Babangida? Ibrahim Babangida net worth puts him in 4th position with a net worth averaging $7 Billion. 


It is believed that he could be worth more due to owning several stakes in different companies in Naija. 


Ibrahim Babangida networth: $7 Billion 


Personally I believe politicians are crooks but this is just a one man’s opinion and you can let it slide. 


This list makes him one of the 4th richest men in Nigeria 2020. 


Umaru Abdul Mutallab $3.2 Billion 


Who is Umaru Abdul? Umaru Mutallab is a Nigerian businessman and financier according to Wikipedia. 


If you are looking for one of the most prominent bankers in the country then Mutallab is your guy. 

Umaru Abdul Mutallab $3.2 Billion

Abdul Mutallab is also a politician and he served in the military alongside the likes of General Olusegun Obasanjo who is also an ex-president of Nigeria. 


So what is his full name then? His full name is Alhaji Umaru Abdul Mutallab. 


He was born in the year 1939 on December 15th in the rural-urban area of Funchal in Katsina. 


Abdul schooled both in Ghana, London, and Nigeria and was awarded an honorary degree. 


His knowledge in finance has helped him amass quite a fortune as the once vice-chairman, managing director and CEO of UBA. 


So how much is the net worth of Umaru Abdul Mutallab? Umaru Abdul’s net worth is currently estimated to be $3.2 billion. 


Much of his income comes from politics assuming several key roles in the financial industry. 


Umaru Abdul Mutallab networth: $3.2 Billion. 


His net worth puts 5th on a star-studded list of the top ten richest men in Nigeria 2020


Now let’s get to who the 6th person on this list is shall we? 


Femi Otedola $2.3 Billion 


Femi Otedola huh! Chances are if you are a Nigerian then you must know Otedola. 


I mean this guy is so rich and even his kids are rich as well with their fortune stemming from the entertainment industry. 

Femi Otedola $2.3 Billion

So who is Femi Otedola? Femi Otedola is a Nigerian business magnate and a Philanthropist. 


I remember at the early beginning of COVID-19, he is among the big names that contributed more than 900 million to fight the pandemic. 


Although I doubt it was ever a pandemic but that’s just my thoughts. 


Otedola is one of the top 10 billionaires in Nigeria today no doubt. 


Femi Otedola was born in Ibadan in the year 1962 November 4th in Ibadan. 


Otedola rise to wealth came after raising capital to kick start his Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company. 


He later merged his company Zenon with African petroleum which saw his shares rise quickly. 


Now how much is the net worth of Femi Otedola? Femi Otedola net worth is estimated at around $2.3 billion. His source of income are diverse. 


You know how I said that multiple stream of comes saves your ass from trouble right? 


Well I got that right? 


Femi Otedola networth: $2.3 Billion. 


Olusegun Obasanjo $2.3 Billion 


Who is Obasanjo? Simply put Olusegun Obasanjo is a Nigerian politician, farmer, and author. 


Obasanjo is also one of the ex-presidents of the federation of Nigeria ruling both in the military regime as well as a civilian president. 

Olusegun Obasanjo $2.3 Billion 

His reign lasted until 2007 and his tenure is greeted with mixed feelings from Nigerians. 


While he is notable for bringing the GSM into Nigeria, he is also popularly regarded as the one man that destroy Nigeria. 


So what is his full name? The full name of president Olusegun Obasanjo is Chief Olusegun Matthew Okikiola Aremu Obasanjo. 


He was born in Ibogun Olaogun village in Southwest of Nigeria in the year 1937 March 5th. 


Obasanjo attended Baptist Boys High School and was raised as a Baptist. 


The tenure General Olusegun Obasanjo ruled as a civilian can be summed up in few words. 


Do you know what those words are? 


Well did you know that during his reign as a military head of state he came one of the presidents aligned with USA. 


He fought and gave his support to South Africa during the WHITE minority rule. 


While as a civilian president, you and I probably know him for the corruption that befell the country. 

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Although I doubt if that was the time corruption started in country of Nigeria. 


Anyways enough said already…


How much is the net worth of Olusegun Obasanjo? General Olusegun Obasanjo’s net worth is currently estimated to be $2.3 billion. A larger part of his income comes from his era as the ex-president of Nigeria. 


Since stepping down from power, Obasanjo has been very silent and. busy concentrating his latter years on farming. 


Olusegun Obasanjo networth: $2.3 Billion 


Time to move a little bit further now shall we? 


Folorunsho Alakija $2.2 Billion 


Another of the top richest billionaires in Nigeria currently is Folake Alakija. 


Let’s discuss her a little, shall we right? 

Folorunsho Alakija $2.2 Billion 

Okay! So who is she? Well, Folake Alakija is a Nigerian businesswoman, she has her hands weaved around fashion and oil. 


As a matter of fact, you can add real estate to the list of things she does to earn her billion dollars. 


So what is her full name? simply put her full name is Folorunsho Alakija. 


and she was born in Ikorodu in Lagos State Nigeria in the year 1951 July 5th precisely. 


Alakija attended Dinorben School for Girls in Hafodunos Hall in Llangernyw, Wales. and upon finishing her primary education, she moved back to Nigeria. 


While in Nigeria she furthered her education at Muslim High School” in Sagamu, Ogun State, Nigeria. 


So how much is the net worth of Folorunsho Alakija? Folorunsho Alakija net worth is currently established to be $2.2 billion. 


The most of her incomes come from her fashion designing company… 


but she branched into the crude oil sector in 1993 after putting in for a OPL license. 


His company is currently a subsidiary to Texaco to which she owns a larger stake. 


There are other sources of Alakija’s income but these are the few you should know. 


because these are the primary contributers of her billion of dollars in Nigeria. 


Folorunsho Alakija networth: $2.2 Billion 


Theophilus Danjuma $2.1 Billion 


Danjuma is the 9th person on our top 10 richest persons in Nigeria 2020 list so let’s talk about him a little. 


Who is Danjuma? Theophilus Danjuma is a Nigerian businessman, Army general, and a politician. 

Theophilus Danjuma $2.1 Billion 

Danjuma was once the chief of staff of the Nigerian federation under general Olusegun Obasanjo. 


but wait that’s not all, his skill in the oil sector has seen his net worth rise substantially too. 


So what is his full name right? His full name is General Theophilus Yakubu Danjuma. 


Danjuma was born in Taraba which has its capital as Jalingo in the year 1938 December 9th. 


Politics has always been a lucrative way to amass wealth in Nigeria although its a shame. that despite her wealth the country suffers so much. 


So how much is the net worth of Theophilus Danjuma? Theophilus Danjuma’s net worth is $2.1 Billion. Many parts of his source of income stems from South Atlantic Petroleum. 


This list is largely made up of politicians and one of their most common sources of wealth is crude oil. 


Danjuma is no exception from this list of the richest men in Nigeria right now. 


Theophilus Danjuma networth: $2.1 billion 


Abdusalam Rabiu $1.5 Billion


This is the last person on the list of 10 of the top 50 richest men in Nigeria. 


I will take you to the top 20 list after this but for now let’s concentrate on Rabiu a little. 

Abdusalam Rabiu $1.5 Billion

Who is Abdusallam Rabiu? Well, Rabiu is a Nigerian businessman and the founder of the company Boa Group. 


While Dangote may be leading in the cement industry, Rabiu is more focused on Agriculture. 


but more on that when we dive into a different aspect in a different post. 


So does he have any educational background? 


Very much so but first when was he born? Abdusallam Rabiu was born in the northern part of Nigeria. 


He was born in the year 1960 in Kano Nigeria which has its capital as Kano. 


Rabiu finished his primary education in Nigeria before flying to Ohio where he attended Capital University in Columbus, Ohio


While he was done with his studies, did you know Rabiu returned to Nigeria to continue his father’s business? 


Yeah he did at the early age of 24… 


He then established BUA Group for commodity trading which deals in importations. 


So how much is the net worth of Abdusallam Rabiu? Abdusallam Rabiu net worth is currently estimated to be $1.5 billion. 


His major source of income comes from BUA Group and BOA. 


BUA Group later bought Mills limited which is one of the largest edible oil producing companies in Nigeria. 


Do you know that Rabiu BUA Group at some point was averaging more than $2.4 billion on yearly revenue? 


Might sound shocking right? 


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but hey it should not, that’s the power of trading when you know your way. 


Abdusalam Rabiu networth: $1.5 Billion 


This sums up the top 10 richest men in Naija list today, now let’s jump into the top 20. 


Click the NEXT BUTTON to discover 7 more Billionaires on this list.

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