Top 50 richest men in Nigeria
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Last updated on September 4th, 2023 at 03:55 am

Who Are The Top 20 Richest Men in Nigeria 



Who are the richest men in Nigeria top 20? The richest men in Nigeria top 20 list are;


  • Tony Elumelu


  • Orji Uzoh Kalu


Tony Elumelu $1.4 Billion 


Who is Tony Elumelu? Elumelu Tony is a Nigeria Entrepreneur and the founder of Tony Elumelu Foundation. 


but wait that’s not all, you must have known him as the chairman of the United Bank of Africa


UBA is one of Africa’s largest banking organisation which predates the 90s. 


So what is his full name? The full name of Tony Elumelu is Tony Onyemaechi Elumelu. 


So where was he born you may ask right? 


Tony Elumelu was born in Jos which is the capital of Plateau State in the year 1963 March 22nd. 


Tony’s state of origin is Delta which has its capital as Asaba. 


Do you know he has two degrees currently? 


Tony graduated from Ambrose Ali University with a bachelors degree in economics. 


He then went for his master’s degree at the University of Lagos State. 


So how much is the net worth of Tony Elumelu? Tony Elumelu net worth averages a total of $1.4 Billion. His major source of income comes from him being the chairman of UBA, Heir Holdings as well as Transcorp. 


Tony Elumelu networth: $1.4 Billion 


The net worth Tony Elumelu has ranks him as the 11th of the top 50 richest men in Nigeria today


Orji Uzoh Kalu $1.1 Billion


Orji is the second billionaire in Nigeria with an Igbo origin which is a good thing. 


As a matter of fact, I would have been surprised if I didn’t find an Igbo man on this list. 


This is because I know the Igbo people are very industrious but the political system is flawed. 


So who is Orji Uzoh Kalu? Orji Uzoh is a Nigerian businessman, politician and the founder of SLOK Holdings. 


He was born in April 21st, 1960 which historically is 6 months before Nigeria got her independence. 


Uzoh attended Christ the King and the college of Barewa Zaria. 


It was after leaving the college he decided to pick a form that saw him gain admission into University of Maiduguri. 


Did you know that while at the university he studied political science and an incident broke out? 


This incident led to his suspension from school, though it’s a long time ago, history still remembers it. 


So the question is how much is the net worth of Orji Uzoh Kalu? Orji Uzoh Kalu’s net worth is estimated to be $1.2 Billion. A lot of his income comes from SLOK Holdings which is a conglomerate. 


SLOK Holding has several branches around Africa heck even in China Asia. 


Orji Kalu networth: $1.1 Billion


The net worth Orji Uzoh Kalu has amassed ranks him in the 12th position as one of Nigeria’s top billionaires in 2020. 


Now let’s look at who occupies the 13th spot shall we? 


Pascal G Dozie $1 Billion


The list of top 20 richest people in Nigeria will never be complete without names like Pascal Dozie. 


So I bet the question running through your head right now is who is Pascal G Dozie? 


Maybe not the question you are asking but I was just anticipating… 




Anyways Pascal Dozie is a Nigerian businessman and an entrepreneur who is the founder of Diamond Bank. 


Look I don’t like that bank and Access Bank who bought in 2016 isn’t doing a great job either. 


but that’s not the topic of discussion so let’s skip that right? 


So what is the full name of Pascal? Well his full name is Pascal Gabriel Dozie. 


He was born in Imo State which has its capital as Owerri in the year 1939 April 9th. 


Dozie education is one that’s characterized by success. 


He got his WAEC certificate from Holy Ghost Juniorate Seminary and Holy Ghost College. 


He then traveled to London where he got a BSC degree in economics. 


So how much is the net worth of Pascal G Dozie? Pascal Gabriel Dozie is net worth is estimated to be $1 Billion. 


Most of his income comes from his then Diamond Bank which has now merged with Access Bank. 


His Pan-African University is also an additional source of income for Dozie. 


Pascal Dozie networth: $1 Billion 


Jimoh Ibrahim $1 Billion


Who is Jimoh Ibrahim? Jimoh is a Nigerian politician, Philanthropist, and lawyer. 


For those that are up to date with business news around the country then he is the founder of Global Fleet Group. 


Jimoh Global Fleet Group is a conglomerate specializing in several businesses. 


Some of which are Oil and Gas, Law, and insurance to name a few. 


So what is his full name? His full name is Jimoh Ibrahim and he was born in the year 1967 February 24th. 


Jimoh’s origin could be traced to Ondo State which has the capital Akure. 


Ibrahim graduated with a degree in law popularly known as LLB and also a Master of Public Administration. 


So how much is the net worth of Jimoh Ibrahim? Jimoh Ibrahim net worth averages $1 Billion as of 2020 making him one of the richest billionaires in Nigeria currently. 


His sources of income comes majorly from his Global Fleet Group conglomerate. 


Jimoh Ibrahim networth: $1 Billion 


The net worth Jimoh Ibrahim has gathered over the years makes him a worthy person to be on this list. 


Jim Ovia $850 Million


Who is Jim Ovia? Jim Ovia is a Nigerian businessman holding several powerful offices in the country. 


One of such office includes the Nigeria Software Development Initiative to which he is the chairman. 


Jim Ovia is also the founder of Zenith Bank which is one of the top banks in the country today. 


So what is his full name? His full name is Jim James Ovia. 


Jim was born in the year 1951 November 4th 8 years before Nigeria got her independence. 


Ovia James got his BSC degree from Southern University Baton Rouge Louisiana


So how much is the net worth of Jim Ovia? Jim James Ovia net worth is $850 million. Most of his wealth comes from founding the financial institute Zenith Bank. 


Jim Ovia networth: $850 million 


The net worth Jim Ovia currently has makes him one of the richest men in Nigeria in 2020. 


Atiku Abubakar $830 Million


Who is Atiku Abubakar? Atiku Abubakar is a Nigerian businessman, politician, and ex-vice president of Nigeria. 


Atiku over the years has been known to be a constant contender for the position of president. 


Although he has failed in all his attempts with the latest failure coming in 2019 when Buhari defeated him. 


So what is his full name? His full name is Atiku Abubakar and he was born in the year 1946 on November 25th. 


His father is a Fulani man and died trying to cross a river to a neighboring community. 


Abubakar has since gained enough level of education to position in society as a success. 


The ex-president has several business ventures including Intels Nigeria Limited which is an oil servicing business. 


He has operational centers in Nigeria as well as abroad. 


So how much is the net worth of Atiku Abubakar? Atiku Abubakar net worth puts him on the top 20 richest men in Nigeria with a net worth of $830 million. 


The net worth Atiku Abubakar has makes him an influential figure in business in Nigeria. 


Atiku Abubakar networth: $830 million


Mohammed Indimi $670 Million


Who is Mohammed Indimi? Mohammed Indimi is a Nigerian business magnate who is the chairman and founder of Oriental Energy. 


Oriental Energy is oil production and exploration company that was founded in 1990. 


So what is his full name? The complete name of Indimi is Muhammadu Indimi. 


He was born in the year 1947 precisely August 12th in the Northern part of Nigeria. 


Indimi is also a politician and a one time minister of federal Republic of Nigeria under. Late General Sani Abacha. 


Muhammadu Indimi currently lives in Maiduguri with his wife and children. 


So how much is the net worth of Muhammadu Indimi? Muhammadu Indimi net worth $670 million. 


A larger part of his income comes from his Oriental Energy company which currently has offshore jobs in the southern part of Nigeria. 


Mohammed Indimi networth: $670 million 


Tunde Folawiyo $650 Million


It is hard to see a millionaire or billionaire in Nigeria not tapping from the natural crude resources. 


This is because Nigeria is so centric on Oil production and exploration. 


Although I feel a time will come when Nigeria will diversify their sources of income. 


but whether it’s in the 10 years’ time I have no idea except I want to be like Doctor Fauci who accurately predicted a CORONA VIRUS outbreak years before it happened. 


So who is Tunde Folawiyo? He is a Nigerian businessman and the founder of Yinka Folawiyo Group. 


The group deals on several business ranging from crude oil to real estate and more. 


So what is his full name? The full name of Tunde is Tijani Babatunde Folawiyo. 


Tunde schooled abroad securing his first degree from the London School of Economics. 


He then got an LLB degree and then an LLM degree from the University College London. 


Folawiyo company has several other subsidiaries which ventured into agriculture as part of a bigger conglomerate. 


So how much is the net worth of Tunde Folawiyo? Tunde Folawiyo net worth is currently estimated to be $650 million. 


He has earned several of his income by occupying several key position in organizations set within Nigeria. 


This includes a one time director of MTN Nigeria Limited which is a telecom company operating in Nigeria. 


Tunde Folawiyo networth: $650 million 


Oba Oteduko $650 Million


The beauty of Nigeria is the fact that there are still several business opportunities for you and me. 


I mean look at agriculture for example, there is a lot of job to be done right? 


Heck even construction and clean energy companies are not yet being explored. 


So there is still a huge market out there… 


Having said that who is Oba Oteduko? He is a Nigerian businessman and the founder of Honeywell Holdings. 


He also founded the Oba Oteduko foundation which is responsible for so many philanthropic activities in the country. 


Oba Oteduko was born into a Royal family as in the year 1943 August 18th. 


He was born in Oyo which has the capital Ibadan in the South Western part of Nigeria. 


Oba Otudeko attended executive management training programs at International Institute for Management Development and Harvard Business School. 


So how much is the net worth of Oba Oteduko? Oba Oteduko’s net worth is estimated to be $650 million. A major part of his income stem from Honeywell Holdings. 


Oba Oteduko networth: $650 million 


Hakeem Bello Osagie $600 Million


Who is Bello OSAGIE? Hakeem Bello Osagie is a Nigerian businessman and the chairman of Metis Capital Partners. 


It is majorly focus on large-ticket transactions in Africa to select blue-chip, international investment partners. 


At least this is according to sources online discovered after a brief research. 


Bello used the connection of his father to gain higher ground in Nigeria oil exploration. 


No doubt this was his first thirst of wealth and power which led to his ranking as one of the richest men in Africa according to Forbes. 


Just in case you are wondering who is father was, well he was a gynecologist during the military regime of Babangida. 


So how much is the net worth of Hakeem Bello Osagie? Hakeem Bello’s net worth is $600 million. 


Part of income comes from chairmanship positions in various financial institutes. 


This includes UBA, Union Bank, and more… 


Hakeem Bello networth: $600 million 


This concludes the list of top 20 richest persons in Nigeria


and now let’s dive into the top 30 richest people in Nigeria shall we? 


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

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