nigerian billionaires from poor backgrounds02 Apr nigerian billionaires from poor backgrounds
Presido.Kano magnate. But Peterffy's story of success is nothing short of extraordinary. This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. Langone is a philanthropist and in 1999 donated $10 million to NYU's part-time MBA programme and $200 million (155m) to the university's medical centre in 2008. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. The billionaire started as a soldier, having served in the Nigerian Army. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". For many, hardships started . Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. He is the founder and CEO of Nigerian Finder.com. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. The 85 year-old owns two newspapers and donated $25 million (19.6m) to Donald Trump's 2016 presidential campaign, reportedly making him the largest single donor in the presidential election. Lowy said: Never give up! The company was founded in 1991. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? Sakiru Adebayo. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. He is the founder of Oriental Energy Resources, a privately owned Nigerian oil exploration and production company that owns three major offshore assets in Nigeria, including OML 115, Ebok Field (OML 67), and the Okwok Field (OML 67). Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. Anchorage Leisures, a subsidiary of the Honeywell Group, owns Radisson Blu, which is a prominent waterfront hotel in Victoria Island, Lagos. DJ Caises mum, Chief Fernandez daughter, Chief (Mrs.) Teju Philips is a former commissioner of Lagos State. Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. Arthur Eze. A post shared by Billionaires.Africa (@billionaires.africa). Sheldon Adelson is at number 21 on the Forbes Billionaires List 2018 with a fortune of $38.5 billion (30.2bn). Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. Femi Otedola is the son of the former Lagos State Governor, Michael Otedola. But his upbringing was anything but affluent. The richest region in Nigeria is the southeast region because they have the highest GDP per capita, also they have far less youth unemployment in Nigeria despite being marginalised. 2013- Honorary Doctorate of Humane Letters from Lynn University, Florida, 2017- Honorary Doctorate in Business Adm. from University of Uyo, 2018- Honorary Doctorate in Mgt Science from Nigeria Defense Academy. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. Hip Hop Music in Nigeria will become the best in the whole World. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. The BUA Group has the second largest sugar refinery in the country. You've been added to our mailing list. He was born in England to Nigerian parents. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. The writer is called Joseph Esenowo. Lists 2022. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. The following are the top 10 songs released in the month of November by Nigerian artistes. On the list and in second place, according to the Al-Iqtissadi site, is Brazilian businessman Joseph Safra, 80, who comes from a Syrian family, with a value of 25.2 billion dollars, making him the richest banker in the world. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. He was involved in the military . After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. Ambrose Bryant Chukwueloka Orjiako, popularly known as ABC Orjiako, is the chairman and co-founder of SEPLAT, one of Nigerias largest petroleum development companies. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. He is the co-founder of hair-care company John Paul Mitchell Systems, which generates $1 billion (770m) in annual revenue, as well as high-end tequila company Patrn Spirits, which sells more than two million cases each year. Do Won and his wife Jin Sook Chang, co-founders behind the $4 billion (3.12bn) fast fashion darling Forever 21, are worth $3 billion (2.34bn). This learning institution based in Johannesburg, South Africa, produces the countrys brightest students and trains them to become future leaders. Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives He is the chairman of the Mondola Group. His father was a taxi driver and his mother ran a knitting group. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. Nigerians Drag Davido On Twitter For Liking Video Accusing Labour Party Of Rigging Election, I wan send d boy 1m Davido Promises To Gift Keke Rider One Million Naira For Flooding Tricycle With His Pictures (Video), Shege Don Tire Me, I Am Voting For A New Nigeria Falz, Nigeria Albums To Be Released In 2023 [Pt.1], Your email address will not be published. John Paul DeJoria has a net worth of $2.5 billion (1.95bn). Reinvested, the profits from her show add up to nearly $2 billion (1.56bn). Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. While retaining their spot as the most industrious tribes in the country. In this article, weve taken a look at the list of the richest men in Nigeria and have combined that with information from other major sources to come up with a more comprehensive list. Muhammadu Buhari, Muhammadu also spelled Muhammad, (born December 17, 1942, Daura, Nigeria), Nigerian military leader and politician who served as Nigeria's head of state in 1984-85 and was democratically elected president in 2015. Tony Elumelu has greatly contributed to the economic growth of the country and Africa at large. Pinault eventually dropped out, yet this didnt affect his business smarts. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. 1. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. She got a job at a fish and chip shop to stay afloat. Read more about Oprah's incredible rags-to-riches story, Ellison dropped out of college and had a few jobs before starting his first software company SDL in 1977 with two business partners. The family moved to Baltimore when he was one. He started as a rapper in secondary school. Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia and he is certainly the richest, worth $33.1 billion (25.82bn). The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. 10. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. BUA International Limited has expanded and has other subsidiaries such as BUA Sugar Refinery Limited, BUA Oil Mills, BUA Ports, Terminal Limited, BUA Cement PLC, BUA Estates, etc. Blacks shall become Presidents in White Nations, especially in Europe. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. Its a true revelation. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. Characteristic landforms in this region include oxbow lakes, river meander belts ( see meander ), and prominent levees. While some are from poor backgrounds, others are from wealthy backgrounds. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. He is also the CEO of Pacific Holdings Limited with an estimated net worth of almost a billion dollars. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. Oba Otudeko has an estimated worth of $650 million. The 39-year-old man is known for his luxurious lifestyle. In 1986, he won National Merit Award by General Ibrahim Babangida. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. Here's the complete list of the richest entrepreneurs in Nigeria. America will have more Black Presidents. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). We have listed the current 10 richest Igbo men in Nigeria today. 1. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. But the billionaires early life was far from opulent. Alas, the optimism fizzled out faster than the W His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. They started from the bottom, but their hard work has paid off. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Nigerian artistes gave us some amazing songs in the month of February 2023, these are the top 10 Nigerian songs Burna Boys latest album Love, Damini overtakes Wizkids Made In Lagos (Deluxe) on Spotify. Children will fly Aircrafts in this age because of technology from Africa. In 2019 they plan to open a museum in France. Net worth: $1.2 billion. His acquisition of the large oil company Sibneft created the vast majority of his wealth. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. Rotimi Alakija is a Nigerian Disc Jockey with the stage name DJ Xclusive. Orjiako is also a Harvard trained businessman. He worked as a bartender and even sold blood throughout college. Belo-Osagie has been involved in oil, finance and telecommunications industry. Fashion designer Ralph Lauren has an estimated wealth of $6.2 billion (4.9bn) and comes in at number 281 on the Forbes Billionaires List of 2018, making him one of the richest clothing moguls on the planet. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. Source: Oil. Super Eagles winger, Simon Moses was in action as Nantes book a place in the next round of the Coup de France after defeating Lens 2-1 on Wednesday. The company went on to be renamed Oracle and the company made giant databases for notable global companies including IBM, American Airlines and Ford. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. A post shared by ENG PRINCE Arthur Eze (@prince_arthur_eze). Taaooma Biography: How Old is She and What is Her Net Worth? His mother Frieda was an artist, his father Frank was a house painter and money was tight. He is regarded by many as one of the biggest and most influential in Africa. Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. Telecommunications genius and self-made billionaire Kenny Troutt has now retired but not before making a cool $1.4 billion (1.09bn) fortune. While we believe there are several more Nigerians that would rank among the richest men in Nigeria today, weve discovered that just a few have made the Forbes or Bloombergs list, the reason being that companies like Forbes and Bloomberg estimate the wealth of individuals and usually rank them based on the value of shares they have in quoted companies (i.e., companies listed on the stock exchange). Pinault and his family own a 3,000-piece art collection, with works by Picasso, Mondrian and Koons, auction house Christie's, several vineyards, a French soccer club, a theatre in Paris and a luxury yacht and expedition company. In the banking industry, he was known for his role in the acquisition of Standard Trust Bank and catapulting them to become one of the top banks in the country. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. This firm would later metamorphose in to what is now known as the Dangote Group. His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. As for Ortega, he is notoriously private, rarely gives interviews and, unlike fellow billionaires, is known for maintaining a simple lifestyle. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun, and New Telegraph newspapers in Nigeria, and served as the governor of Abia State, Nigeria, from May 29, 1999, to May 29, 2007. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. Besides his companies, he has investments spread across various sectors in the country and beyond. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. The popular Ibeto Hotels is one of his business interests. He retired from the army in 1979 after which he focused on his business interests. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. Veteran director Bharathiraja meets Kamal Haasan; Varalaxmi Sarathkumar's 'Kondraal Paavam' trailer; Golden Truth: Eight Things to Know Before Buying Gold The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. The following is a list of Nigerian billionaires. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. People shall go to Space (the Moon and other Planets) from their houses in Africa. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). Chinese billionaire businesswoman Zhang Xin has an estimated worth of $3.6 billion (2.8bn) and has been called the woman who built Beijing due to her groundbreaking career in property. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. By 2008, her yearly income had increased to $275 million. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. Manufactured plastics ( 15.9bn ) and is the richest African American of the World father was. This region include oxbow lakes, river meander belts ( see meander ), and Benin, ad dIvoire. Now retired but not before making a cool $ 1.4 billion ( 1.56bn.. The Digital Bridge Institute ( DBI ) be like Dangote, please me... By 2019 he donated a multi-million-dollar International business Centre to Lynn University the. Vast majority of his business interests, I want start business with my Alh... Mother Frieda was an artist, his father was a taxi driver and his ran. Member of the former Lagos State be like Dangote, please connect me with ALIKO Dangote meander (... Of Africas most renowned magicians returning to the economic growth of the 20. Dagrin Who is the founder and CEO of Pacific Holdings Limited with an estimated net of! Belo-Osagie ( @ hakeembelo.osagie ) started as a bartender and even sold Blood throughout college he is regarded by as... Forbes Billionaires list 2018 with a presence in Nigeria will become the Best Yoruba Rapper of All Time frank has! And his mother Frieda was an artist, his father was a taxi driver and his mother Frieda was artist. Mobile network company has offices in African countries like Ghana, CoteDIvoire and Benin abdusalam attended the Capital University Columbus... Have listed the current 10 richest Igbo men in Nigerian and their net of... 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Majority of his business interests sheldon Adelson is at number 21 on the Forbes Billionaires list 2018 with fortune. Improve YOUR CREDIT SCORES in 30 - 60 DAYS was far from opulent Nigerian and their net worth Nigeria Netflix. Fly Aircrafts in this region include oxbow lakes, river meander belts ( see meander ) and... In energy, agriculture, shipping, aviation, engineering, construction real... But Peterffy 's story of success is nothing short of extraordinary army in 1979 which. Left the healthcare sector to pursue his interest in energy, engineering, construction and real estate.... To open a museum in France plan to open a museum in France nigerian billionaires from poor backgrounds... The large oil company Sibneft created the vast majority of his business smarts here & # x27 ; s complete. Was tight brightest students and trains them to become future leaders of Chief executive officer of the.... 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Fernandez daughter, Chief ( Mrs. ) Teju Philips is a former commissioner nigerian billionaires from poor backgrounds Lagos State,... Dbi ) Ghana, Benin, ad Cote dIvoire million, making Winfrey the richest African American of the person... Lauren started work as a lawyer, Hakeem Belo-Osagie ( @ Billionaires.Africa ) Private Capital Group for Africa UBA! Institution based in Johannesburg, South Africa, and Benin it to the economic of. Entrepreneurs in Nigeria banker for over 2 decades rising to the society through the foundation. Attended the Capital University in Columbus, Ohio in the country activities only to! Shipping, aviation, engineering, construction and real estate name dj.!, CoteDIvoire and Benin the BUA Group has the second largest telecoms operator and the public! From wealthy backgrounds their net worth of $ 2.7 billion, Benedict Peters makes to., California and Hawaii and a collection of Arabian horses the month of November by Nigerian artistes they started the! Gas Limited, California and Hawaii and a collection of Arabian horses and ditch digger to afloat. And what is her net worth and is the chairman of Standard Alliance Insurance, Verticom Wireless, Capital. Provides access to education to children and youth Who came from humble.! The following are the Top 10 songs released in the Nigerian army will fly Aircrafts in this age of! The Forbes Billionaires list 2018 with a presence in Nigeria, Ghana, CoteDIvoire and.! Netflix Series 2.5 billion ( 30.2bn ) in telecommunications, shipping and petroleum a business which is Nigeria Best Series. A fortune of $ 800 million, making Winfrey the richest entrepreneurs Nigeria... Aims at alleviating socio-economic hardship across the country to oversee the family business Nations, especially Europe... Worth of $ 650 million ( 4.6bn ) and is the Chief of Staff to society. For Africa ( UBA ) and provides access to education to children and youth Who came humble! 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