Top 20 richest entrepreneurs in Nigeria

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What is the secret to the success of the top 20 richest people in Nigeria? Who are the Nigerian billionaires and how did they amass their wealth? What are the business success secrets of the successful entrepreneurs in Nigeria? What does it take to become a billionaire in Nigeria? If the answer to any of these questions interests you, then please read on.

Today, I will be compiling a list of Nigerian billionaires and top richest people in Nigeria but please this list will be restricted to entrepreneurs only. Politicians and individuals whose source of wealth cannot be traced are excluded from this list.

Most people have asked why so few Nigerians made the Forbes and fortune list of richest people in the world. So far, only Aliko Dangote, Mike Adenuga and Femi Otedola have made the Forbes and fortune list of world billionaires. Well the answer to that question is this: Forbes or fortune magazine 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) and most of the richest people in Nigeria prefer to run their businesses privately. That’s why they don’t make the lists of richest people in the world.
The criteria for coming up with this list

Most of you may be wondering the criteria or benchmark on which BlackBillz compiled this list of richest people in Nigeria. Well, we  compiled this list based on the following criteria:

1.            By the value of their shares held in quoted companies.

2.            The size and market share of their companies

3.            The number of companies they own and its assumed value

4.            The market value of their company’s brand

5.            The impact of their companies on the Nigerian economy

I compiled this list of richest people in Nigeria and highlighted the secret to their success because I believe we can learn a lot from them. Nigeria as a country has been branded all sort of names and a lot has been said about Nigeria; both positive and negative but I am proud that some individuals stood tall to tell the world that we have got potentials.

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 150 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Instead of boring you with their success stories; I would rather extract the vital lessons learned from the life of these billionaires. If you are ready to learn, then below is a list of the Nigerian Billionaires (entrepreneurs) and top richest people in Nigeria.

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Alhaji Aliko Dangote – ounder of Dangote Group and Richestblack man in the world

Nigerian Billionaires and top 20 Richest People (Entrepreneurs) in Nigeria

Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom


   Femi Otedola – ZENONOil and Gas


Orji Uzor Kalu – Slok Group


Cosmos Maduka –Coscharis Group


Jimoh Ibrahim – Nicon Insurance, Global Fleet


Jim Ovia – Zenith Bank, Visafone


Pascal Dozie – MTN Nigeria, Diamond Bank


Oba Otudeko –                                 Honeywell Group Nigeria


Alhaji Sayyu Dantata – MRS Group


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


Prince Samuel Adedoyin – Doyin Group


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


Chief Cletus Ibeto –Ibeto Group


Raymond Dokpesi – Daar Communication, AIT,


Tony Ezenna – Orange Group


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


Ifeanyi Ubah – Capital oil and gas


Leo Stan Ekeh –  Zinox


Fola Adeola –  GTBank


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






























































































































Now having gone through the list of richest (entrepreneurs) people In Nigeria,i know many of you might disagree,be free to post your comments below

Anthony-Claret Ifeanyi Onwutalobi

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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