Top 10 richest people in Nigeria in 2023 and their net worth
There are numerous millionaires in contemporary Nigeria. Numerous people are curious about the net worth of the richest people in Nigeria. These people have multiple income streams, including investments in various sectors of the Nigerian economy. Their wealth has made them prominent locally and internationally.
Andy Uba looks on ahead of the next governorship election in Akwa, Anambra State, in southeast Nigeria.
• Photo: @PIUS UTOMI EKPEI/AFP
• Source: Getty Images
• Date of birth: 14th December 1958
• Age: 64 years (as of 2022)
• Source of wealth: Politics In 2011, Andy Uba was elected the Senator of Anambra South Senatorial District in Anambra State. He started his political career back in his college days. Today, Andy Uba’s net worth is $2.1 billion.
9. Benedict Peters – $2.7 billion
• Date of birth: 5th December 1966
• Age: 56 years (as of 2023)
• Sources of wealth: Oil and gas industry.
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Benedict Peters is one of the billionaires in Nigeria. He started his career in the oil and gas industry in the early 1990s. He worked closely with the founders of Ocean and Oil before establishing Sigmund Communecci in 1999.
In February 2008, he founded the Aiteo Group, the successor entity to Sigmund Communecci. Benedict Peters’s net worth is $2.7 billion.
8. Emeka Offor – $2.9 billion
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• Date of birth: 10th February 1957
• Age: 65 years (as of 2023)
• Source of wealth: Oil production Emeka Offor is a successful businessman, oil tycoon, and philanthropist. He is the founder and chair of The Chrome Group, an oil exploration firm with headquarters in Abuja.
Emeka Offor’s net worth is $2.9 billion.
7. Orji Uzor Kalu – $3.2 billion
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• Date of birth: 21st April 1960
• Age: 62 years (as of 2023)
• Source of wealth: Businesses and political career
Orji Uzor Kalu is a successful businessman and politician with a net worth of $3.2 billion. He is the sitting senator of Abia North Senatorial District and the Chief Whip of the House of Senate in the Federal Republic of Nigeria. He is the CEO of SLOK Holding, a company with investments in banking, shipping, manufacturing, oil trading, and media.
6. Cletus Ibeto – $3.8 billion
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• Date of birth: 6th November 1952
• Age: 70 years (as of 2023)
• Source of wealth: Cement, energy, and automotive parts production Cletus Ibeto is the founder and chair of the biggest union in the Eastern part of Nigeria called Ibeto Group.
The astute businessman and humanitarian started as an extra parts import vendor back in his college days. Today, Cletus Ibeto’s net worth is $3.8 billion.
5. Mike Adenuga – $5.7 billion
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• Date of birth: 29th April 1953
• Age: 69 years (as of 2023)
• Source of wealth: Telecom and oil production
Mike Adenuga is the fifth-richest person in Nigeria, with a net worth of $5.7 billion. He owns Globacom, a mobile phone network in the country. The network is the third-largest operator in Nigeria. He also owns Conoil Producing, an oil exploration business.
4. Arthur Eze – $5.8 billion
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• Date of birth: 27th November 1948
• Age: 74 years (as of 2023)
• Source of wealth: Oil production Arthur Eze is the Chief Executive Officer of Atlas Oranto Petroleum, one of Nigeria’s largest privately-held oil exploration and production companies. In 1992, he founded Triax Airlines following the deregulation of airlines in Nigeria. Arthur Eze’s net worth is $5.8 billion.
3. Alafaa Kariboye-Igbo – $6.1 billion
• Date of birth: 21st May 1981
• Age: 41 years (as of 2023)
• Source of wealth: Business investments in real estate, oil, gas, auto dealership, and entertainment.
Alafaa Kariboye-Igbo is commonly known as Oil Money. The 41-year-old business tycoon was born into a low-income family, but he worked hard to become a wealthy man with a net worth of $6.1 billion. The employer owns Oil Money Records, which helps upcoming artists to release music. He also has investments in real estate, oil and gas production, and vehicle dealership.
2. Abdul Samad Rabiu – $7.9 billion
Abdul Samad Rabiu, chief executive officer of BUA Group, at the Africa CEO Forum in Abidjan, Ivory Coast.
• Photo: @Andrew Caballero-Reynolds/Bloomberg via Getty Images
• Source: Getty Images
• Date of birth: 4th August 1960 Age: 61 years (as of 2023)
• Source of wealth: Cement production, sugar refining and real estate.
Abdulsamad Rabiu is the second-richest man in Nigeria, with a net worth of $7.9 billion. He is the founder of BUA Group, a company involved in cement production, sugar refining and real estate. In 1988, he started a business that imported iron, steel and chemicals. He also inherited land from his father, a late successful businessman.
1. Aliko Dangote – $12.6 billion
Aliko Dangote, billionaire and chief executive officer of Dangote Group, reacts during a panel session at the World Economic Forum (WEF) in Davos, Switzerland.
• Photo: @Jason Alden/Bloomberg
• Source: Getty Images
• Date of birth: 10th April 1957 Age: 65 years (as of 2023)
• Source of wealth: Cement production, auto manufacture, and fertiliser production
Is Aliko Dangote the richest man in the world?
He is not the wealthiest in the world but the wealthiest in Africa. Dangote is the founder and chairman of Africa’s largest cement producer, Dangote Cement. He owns 85% of the company. Dangote’s net worth is $12.6 billion.
Recap of the top 20 richest people in Nigeria
Rank | Name | Net worth
1| Aliko Dangote | $12.6 billion
2| Abdul Samad Rabiu | $7.9 billion
3| Alafaa Kariboye-Igbo | $6.1 billion
4| Arthur Eze | $5.8 billion
5| Mike Adenuga | $5.7 billion
6| Cletus Ibeto | $3.8 billion
7| Orji Uzor Kalu | $3.2 billion
8| Emeka Offor | $2.9 billion
9| Benedict Peters | $2.7 billion
10| Andy Uba | $2.1 billion
Who is the richest man in the world?
The richest man in the world according to Forbes is Bernard Arnault & family, with a net worth of 180.8 billion. Elon Musk comes in second, with a net worth of $137.6 billion.
Who is the richest man in Africa?
The wealthiest man on the continent is Aliko Dangote, the founder of Dangote Cement. He is worth $12.6 billion.
Who is the richest man in Nigeria?
The richest person in Nigeria in 2023 is Aliko Dangote, with a net worth of $12.6 billion. The richest people in Nigeria have amassed wealth and riches from diverse income streams. They inspire others to pursue their dreams of becoming wealthy and influential.
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