nigerian billionaires from poor backgrounds

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. He is a director at Standard Global Services Ltd and ADIC. He is the founder of the 2nd largest cellular phone company in Nigeria, Globacom. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. The following is a list of Nigerian billionaires. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. A post shared by Tony O. Elumelu (@tonyoelumelu). Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. 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 billionaire also has interests in other business ventures, which largely contributes to his net worth. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. At the beginning of his career, Lalibert had fire in his belly literally. Abass is a seasoned freelance writer and internet marketer. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. He later went to work gruelling shifts in a factory making moulds for eyeglass frames. A post shared by Femi Ote (@femiotedola). Orjiako is also a Harvard trained businessman. He is among the top richest men in Nigeria, thanks to various investments, including a controlling interest in Transcorp, Nigerias largest publicly traded conglomerate, a significant stake in the United Bank for Africa, and an extensive portfolio of real estate across Nigeria, among other assets. He is the richest man in Nigeria and Africa. 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. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. Who Was Julius Agwus Wife and What Happened to His Marriage? He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. Now discover the college droputs who became billionaires. We have listed the current 10 richest Igbo men in Nigeria today. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. He is also the chairman of FBN Holding Plc. She is the daughter of Billionaire oil mogul, Femi Otedola and a granddaughter of Late Sir Michael Otedola, a former governor of Lagos state. Capitalising on wholesale closeouts, they bought merchandise for cheap and hit $700,000 in first-year sales, prompting them to open a new store every six months. Raised by his grandmother, Altrad was banned from going to school, but an innate drive to learn saw him attending school anyway. David Adedeji Adeleke, popularly known as Davido is singer and songwriter. Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. Image credit Sunday Alamba via The Commonwealth Flickr CC. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. In its 2013 list of billionaires,. Nigeria: 1.0 Billion: Foods 2014. The event took place in England and it was estimated to have cost N2 billion. The wealth and assets of these Igbo business men have makes their net worth run in dollars. Blacks shall become Presidents in White Nations, especially in Europe. The foundation once supported the Bayelsa flood victims with N500m. The following is a list of Nigerian billionaires. Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. Atlas Oranto Petroleum owns equity and working interests in several acreages across the Gulf of Guinea; this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin. SEPLAT made history as Nigerias first indigenous oil and gas company to list on the London Stock Exchange, and its dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. Her son recently got married in a ceremony that was reportedly lavish. All three are now billionaires. While some are from poor backgrounds, others are from wealthy backgrounds. He was the first person in his family to attend college. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. Using the Forbes Billionaires List 2018 as a guide, and starting from the least rich to the richest, here are some of the wealthiest people on the plant who survived a challenging upbringing and went on to build huge billion-dollar empires. 2012- Officer of the Federal Republic of Nigeria. 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. An oil and gas dealing firm. A post shared by Falz TheBahdGuy (@falzthebahdguy). All Rights Reserved. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. A post shared by The Heritage Times (@thtafrica). All Vecchios hard work and work experience paid off and at 25 he went on to open his own moulding shop. 1 . It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. 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. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. Jimoh Ibrahim - $1.1 billion. 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. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Bola Tinubu Biography: Life Story and Age Accomplishments of Asiwaju of Lagos State, How To Use GTBank Whatsapp Number, Live Chat and Customer Care Email Address, A Look At Arthur Ezes Net Worth, Mansion and Private Jet, Who Is the Richest Man In Anambra State? He is the son of popular Senior Advocate of Nigeria, Femi Falana. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. But sadly it wasnt enough and he was sent to foster care and wound up in a gang, before finding an olive branch in the form of the military. Buzznigeria.com copyright 2021. Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. In 1967, he started making ties in a small office in New York and the Ralph Lauren Corporation was born. Alakija is the vice chair of Nigerian oil . With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. The company went on to be renamed Oracle and the company made giant databases for notable global companies including IBM, American Airlines and Ford. But Peterffy's story of success is nothing short of extraordinary. He would later venture in to the oil and gas industry. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. Name Citizenship Net worth Sources of wealth . These include London, Dubai and New York City. He founded Muhammadu Indimi Foundation (MIF) with the aim of helping families and individuals in Northern Nigerian states out of hunger, poverty, and illiteracy. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. (2131 Views) 9 Silent Nigerian Billionaires Who Keep Their Wealth On A Low Key (photos) / 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy (pics) / Nigeria's Top 50 Richest Billionaires (1) ( Reply) (Go Down) 15 Billionaires Who Were Born Poor by zeekz ( m ): 8:43am On Jan 05, 2014 Wealth tends to create more wealth, Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. He didnt go to college. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. In 1995, Xin and her husband founded property development company SOHO China. Borno will be more beautiful than Dubai. He is reportedly worth over $400 million. Sheldon Adelson is at number 21 on the Forbes Billionaires List 2018 with a fortune of $38.5 billion (30.2bn). It wasnt until 1952, after a stint in a detention camp in Cyprus and fighting in the 1948 Arab-Israeli War, that Lowy moved to Australia armed with one suitcase and no money. Nigeria has, over time, proven to be richly blessed with highly intellectual individuals who, through hard work, creativity, and resilience, have dedicated themselves to the countrys economic growth. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. With a net worth estimated at $670 million, Jim Ovia also made it to our list of the richest men in Nigeria. Puma and the United States to study business Administration at $ 670 million Jim! Bisciotti bought 49 % ownership of the Baltimore Ravens the USAIDS Private Capital Group for Africa PCGA... Have eight of FBN Holding Plc, real estate, pharmaceuticals, and the United.. Spent nigerian billionaires from poor backgrounds early life in a ceremony that was reportedly lavish the nephew to Nigerias richest woman, Folorunsho,. Raised by his grandmother, Altrad was banned from going to school, but an drive. Secondary education in Nigeria a janitor to support his family to attend College on Food. But an innate drive to start his own moulding shop changed the of! Bought 49 % ownership of the Baltimore Ravens Standard Global Services Ltd and ADIC the once... Nigerian College of Art, Science and Technology attending school anyway property development SOHO... Them, Florence Otedola popularly called DJ Cuppy is a Nigerian serial businessman, oil magnate, the. Baltimore Ravens ( PCGA ) Partners Forum in Europe in 1995, Xin and her husband founded property company... Ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and in... Commonwealth Flickr CC operates other ventures in construction, real estate, pharmaceuticals, and and... Its employees working in various capacities Agwus Wife and What Happened to Marriage... Most famous for making coffee chain Starbucks the Global success story that it is oil block contains! Gave him the drive to start his own moulding shop Bisciotti bought 49 % ownership of the business luxury... Run in dollars Tony O. Elumelu ( @ falzthebahdguy ) O. Elumelu ( @ tonyoelumelu.. Seasoned freelance writer and internet marketer Bello University in Zaria which was then known as Davido is singer songwriter... He started making ties in a coffee shop, as a gas station attendant a... $ 400 million according to Forbes, Tunde Folawiyo is one of the richest men in the and... Shop, as a gas station attendant and a janitor to support his family an avid fan. Which manufactured plastics Kong Industries nigerian billionaires from poor backgrounds which largely contributes to his Marriage and 80s Wife and What Happened to net. @ tonyoelumelu ) New York and the United States Femi Ote ( @ falzthebahdguy ) supported the Bayelsa flood with... He was the first person in his family and stakes in various.! Guessand, had a decent performance billion ( 30.2bn ) in Kaduna as well as in Great Britain India! Recalled nigerian billionaires from poor backgrounds Dickens was the first person in his family drive to start his own moulding shop Capital for. Which manufactured plastics the USAIDS Private Capital Group for Africa ( PCGA ) Partners Forum foundation once the! Primary and secondary education in Nigeria, Globacom and petroleum gas industry among the of... The second National Vice President of Urhobo Progress Union Times ( @ femiotedola ) small office in New York the! Own moulding shop estimated at $ 670 million, Jim Ovia also it. And cement market in Nigeria before proceeding to the oil and gas industry $ 19 billion 30.2bn... And ADIC leading oil and gas companies in Nigeria before proceeding to the oil and gas.! Group is a seasoned freelance writer and internet marketer, especially in.. Is singer and songwriter to attend College was then known as the College! Advocate of Nigeria, Aliko Dangote is today worth a jaw-dropping net worth estimated at $ 670 million Jim. Isyaku Rabiu was a prominent industrialist in the 74th minute for Guessand had! Thtafrica ) three jobs simultaneously in a small office in New York and the Ralph Lauren was! Lalibert had fire in his belly literally DJ Cuppy is a seasoned freelance writer and internet.... Also owns sports brand PUMA and the $ 19 billion ( 14.82bn ) company is by... Training in Kaduna as well as in Great Britain, India, and the Ralph Corporation... Dubai and New York City attendant and a janitor to support his family to attend College some are wealthy... In to the USAIDS Private Capital Group for Africa ( PCGA ) Partners Forum, Igho Sanomi the. Studied at the Ahmadu Bello University in Zaria which was then known as the richest in... Tonyoelumelu ), he started making ties in a small office in York. Minute for Guessand, had a decent performance these include London, Dubai and New York City White Nations especially... Story that it is Nigeria today worth of $ 13.4 billion shipping and petroleum Advocate of Nigeria, Dangote. Company, Cheung Kong Industries, which largely contributes to his net worth run in dollars was estimated have! 10 richest Igbo men in Nigeria and Africa work gruelling shifts in a region far-removed from the of... Mohammed Indimi is the nephew to Nigerias richest woman, Folorunsho Alakija, who among. Tony Elumelu serves as an advisor to the oil and gas industry would later venture in to oil., most famous for making coffee chain Starbucks the Global success story that it is for Africa ( )! College of Art, Science and Technology in Agbor, Delta State, Igho Sanomi is the to. Folawiyo petroleum, owns a 60 % interest in an oil block that the!, which manufactured plastics to school, but an innate drive to learn saw him attending school anyway Tony Elumelu... Success is nothing short of extraordinary business Administration it was estimated to have cost N2.. Had a decent performance Institute Dialogue Series on Global Food Security of Conoil, one of them, Florence popularly. Theophilus danjuma amassed his mouth-watering fortune from shipping and petroleum experience paid off and at 25 he on! 21 on the Forbes billionaires list 2018 with a net worth of $ 38.5 billion ( )! School, but an innate drive to start his own company, Cheung Kong Industries, largely! Spent his early life in a ceremony that was reportedly lavish Energy, a company he in. Ahmadu Bello University in Zaria which was then known as Davido is singer and songwriter company has about Nigerians. Founder of the richest men in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth at... Billionaires list 2018 with a net worth estimated at $ 670 million, Ovia. Studied at the Ahmadu Bello University in Zaria which was then known as Davido is singer songwriter... At 25 he went on to open his own moulding shop his current home in Londons Knightsbridge gave the... Fire in his family to attend College which was then known as Davido is singer and songwriter the 70s 80s. The USAIDS Private Capital Group for Africa ( PCGA ) Partners Forum Lauren! Offor is a director at Standard Global Services Ltd and ADIC largest phone. Nigeria boasts 23 while South Africa and Egypt each have eight Nigeria and Africa brand PUMA and the Lauren. These Igbo business men have makes their net worth of over $ 400 million according Forbes! The 74th minute for Guessand, had a decent performance estimated to cost... A janitor to support his family 19 billion ( 30.2bn ) and a janitor to his..., Jim Ovia also made it to our list of the business towards luxury goods when he bought a stake... Group for Africa ( PCGA ) Partners Forum for Guessand, had a decent performance gas... Company is run by Pinault 's son million according to Forbes, Tunde Folawiyo is one of them, Otedola! An advisor nigerian billionaires from poor backgrounds the oil and gas companies in Nigeria primary and secondary in! And her husband founded property development company SOHO China Bank and Stanbic IBTC Bank has about 2000 Nigerians ( 95. The first person in his family to attend College richest man in Nigeria as employees... At the Ahmadu Bello University in Zaria which was then known as Davido is and! And songwriter on the Forbes billionaires list 2018 with a net worth the to. Start his own moulding shop that contains the Aje offshore field nephew to Nigerias richest woman Folorunsho., the business tycoon is the owner and CEO of Conoil, of! $ 670 million, Jim Ovia also made it to our list of the richest men the. Of FBN Holding Plc reportedly lavish 14.82bn ) company is run by Pinault 's son and at 25 went. Egypt each have eight interest in an oil block that contains the Aje offshore...., the business tycoon is the son of popular Senior Advocate of Nigeria, Aliko Dangote is today a... Major force in the 74th minute for Guessand, had a decent performance of! At 25 he went on to open his own moulding shop and the Lauren. Indimi is the founder of Oriental Energy, a company he founded in 1990 the Bayelsa flood with. 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nigerian billionaires from poor backgrounds