According to Forbes' 2016, there are certain individuals in Nigeria, who are wealthy as they 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.
In this particular year 2016 list of richest men in Nigeria, there are some notable names that joined the fold. In this article, we would be addressing: who are the richest men in Nigeria? What businesses made them rich? What is their net worth and so on.
Forbes Top 10 Richest men in Nigeria (2016)
- 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.
- 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.
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- 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 2016 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 2016. 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. 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
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