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The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa. 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). Name Citizenship Net worth Sources of wealth . Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. Instant messaging whizz Jan Koum is worth $9 billion (7.02bn). 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. Over the years, this businessman has mastered the art of producing these commodities locally. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. He is the chairman of Prince luxury group and founder of Prince omoha foundation. Billionaires and millionaires in the US include people from all over the world. While some are from poor backgrounds, others are from wealthy backgrounds. She also a singer and record producer. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). She's 31, she has five children born by the "billionaire" kidnapper, and she has been by his side since the age of 17. He is the founder and chairman of Cosmos AG oil. 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. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. Some of the world's wealthiest entrepreneurs were born dirt poor. Troutts fortune also allowed him to sponsor his son's nationally-competitive basketball team for years and even provide them rides to tournaments on his private jet. Net worth: $1.2 billion. Roman Abramovich is known across the globe as a multi-billionaire with stakes in Evraz, Norilsk Nickel, and the UK's Chelsea soccer team. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. Hip Hop Music in Nigeria will become the best in the whole World. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. 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. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. She has a large number of A-lister friends and an impressive number of mansions. The foundation once supported the Bayelsa flood victims with N500m. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. These include London, Dubai and New York City. 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). Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. She got a job at a fish and chip shop to stay afloat. Shina Peller is the chairman and CEO of Aquila group of companies. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. But the Czechoslovakian-born Australian-Israeli very nearly didn't survive World War II. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. He also donated N80 million to the faculty of Agriculture at the University of Port-Harcourt. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. The Initial Public Offer also raised the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent. The popular Ibeto Hotels is one of his business interests. 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). (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, 10. Ingvar Kamprad. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. He is also the 67th richest person in the world. He has held the first position on the list in the last twelve years. He was later signed by Starboy Entertainment in 2013. Belo-Osagie has been involved in oil, finance and telecommunications industry. Danjuma had a very humble beginning. 1 . In addition, Ovia owns numerous properties all over Nigeria. 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. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". C ompany: Founder of IKEA. Dejoria was, at some point in his life, homeless. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. 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. America will have more Black Presidents. His sojourn in business started when he successful ran the family's printing business in the 1980s. Tony Rex Idaminabo. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Yet, ostensibly the country's economy . Arthur Eze. The billionaire also has interests in other business ventures, which largely contributes to his net worth. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. 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. A post shared by ManLikeLynxxx (OnlyPage)???? Chukie Edozien, better known as Lynxxx is a Nigerian hip-hop singer, recording artist and entrepreneur. By 32 years-old, Winfrey was a millionaire. All three are now billionaires. 7. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). The Governor of Ebonyi State, Dr. Umahi, named a major road after Arthur Eze. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. as an infrastructure engineer where he worked for nearly nine years before leaving aged 30 with enough cash to launch his own business. 10 Billionaires Like Oprah Winfrey Who Grew Up Poor | GOBankingRates You don't have to be born with a silver spoon in your mouth to achieve great things in life -- though it certainly helps. By 2008, her yearly income had increased to $275 million. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). Veteran director Bharathiraja meets Kamal Haasan; Varalaxmi Sarathkumar's 'Kondraal Paavam' trailer; Golden Truth: Eight Things to Know Before Buying Gold When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. A post shared by Billionaires.Africa (@billionaires.africa). Who Was Julius Agwus Wife and What Happened to His Marriage? He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). 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. He was born in England to Nigerian parents. Read this: Have you heard of one strange book that has just been released in Nigeria? Ever the grafter, Bisciotti had part-time jobs mowing lawns, babysitting and and pumping gas throughout his teens before going off to college at nearby Salisbury State University. Poor countries get poorer, and rich countries get richer. Igho Sanomi is a recipient of multiple awards and honors. Arthur Eze is one of the wealthiest men in Africa. Offshore accounts protect these crooks." Ultimately, Pakistan's top court removed Sharif from office as a result of an inquiry sparked by the Panama Papers. Sorry, something went wrong. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. He founded Muhammadu Indimi Foundation (MIF) with the aim of helping families and individuals in Northern Nigerian states out of hunger, poverty, and illiteracy. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. In 2016, the company recorded annual revenue of annual $57.71 million. When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. 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. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. Read more about Larry Ellison's astonishing life, Once Ortega had gained enough experience, he and his wife launched a textile manufacturing company then, later on, the Zara brand. According to Forbes, he's also the richest black person in the world . This trained orthopedic and trauma surgeon left the healthcare sector to pursue his interest in a business which is oil and gas. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. Be the first to get hottest news from our Editor-in-Chief . His father was a taxi driver and his mother ran a knitting group. John Paul DeJoria has a net worth of $2.5 billion (1.95bn). Most Nigerian artists introduce themselves to the scene about their backgrounds. Hakeem Belo-Osagie is a petroleum economist and an established businessman. A post shared by Espact | Business Plan | Tech (@espactonline). He sits or has sat on boards of prestigious firms, including Fan Milk Plc, Airtel Nigeria, Honeywell Group, First Bank of Nigeria, Eco Bank, and Guinness Nigeria Plc. 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. Some of the awards he has won for his contribution to the nations economy are African Entrepreneur of The Year at ATA (2007), 100 distinguished and Eminent Nigerians Centenary Awards (2018), and others. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Large freshwater swamps give way to brackish mangrove thickets near the seacoast. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. Through a combination of ambition and hard work, many immigrants living in . This book is intended for everyone with a social security number in the United States of America. Trump's billionaires share his two chief goals: a massive tax overhaul and deregulation, allowing them to make even more money, unimpeded by government intervention. 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. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. This was the beginning of his lifelong career in the business. In the early 70s he drilled a well and found oil. Her business interests are in fashion, oil and printing. SEOF has made a significant impact in the lives of numerous Nigerians through its projects and programs such as Youth Empowerment Programme, Health Service Programme, Infrastructure Development Programme, Widows Cooperative Programme, and Education Programme. Mike Adenuga claims he got his business acumen from his mother who was also a successful businesswoman. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. His philanthropic activities also go beyond the shores of Nigeria. 8. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. Persons who achieved great success in politics, diplomacy and business in Africa can get such an award. Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Oba also owns minority stakes in First Bank and Ecobank. A post shared by Aliko Dangote (@dangote_fanpage). Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo, with interests in oil and gas, agriculture, shipping, real estate, and engineering. The poor get poorer. In 2019 they plan to open a museum in France. Nigeria is a country that is home to many wealthy individuals. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. Que Peller is a musician and magician signed to Aquila records. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. The entrepreneur mints a steady income from his oil production and telecom businesses. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. 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. The company has grown to become a leading global energy and services company with interests in oil, telecommunications, maritime, aviation, and real estate. Jae C. Hong/AP. 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. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. A post shared by Senator Orji Uzor Kalu (@oukgram). A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). The business mogul had to work hard to get where he is today though. 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. 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. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . The total wealth held in Africa has fallen by 7% over the past . Elections in Africa's largest democracy: government candidate takes the lead in Nigeria 2023-02-28T08:28:30.564Z. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2023, Richest Musicians in the World: 2023 Top 10, 10 Richest Kings in Nigeria & Their Net Worths (2023), 10 Richest Female Artistes in Nigeria & Net Worth. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. The Harvard-trained businessman is also involved in humanitarian works focused on education and healthcare services. He was the chairman of the United Bank of Africa between 1998 and 2004. 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? They produced the highest local content and manufacturing and has the highest diaspora community across the globe. Despite his tough upbringing, Koum worked hard at school. 11. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. Theophilus Danjuma is a retired general, billionaire and philanthropist. Over the years, he has attended executive management programmes in Switzerland and U.S.A, one of which is at the Harvard Business School. The companys subsidiaries include Maritime Associates International, United Property Developers, Yinka Folawiyo Petroleum, Folawiyo Energy Limited, Enyo Retail and Supply, and Enyo Retail and Supply. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. He is also known for his philanthropic contributions. Her brainchild in philanthropy is the Rose of Sharon foundation which is a non governmental organization that helps widows and orphans by empowering them through scholarship and business grants. Aliko Dangote came first. Murdock, who is dyslexic, dropped out of high school in the ninth grade and worked at a gas station before being drafted into the Army in 1943. He is an economist, entrepreneur and philanthropist. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Here are some of the unbelievable revelations in the book: 3. Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. He is a director at Standard Global Services Ltd and ADIC. Orjiako is also a Harvard trained businessman. A post shared by ACT Foundation (@actfoundation_). Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. He later went to work gruelling shifts in a factory making moulds for eyeglass frames. In 2005, he was also involved in the acquisition of the United Bank for Africa. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. 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. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. 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. 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. 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. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. dont mind him, you get good insight bro! He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. To make it to the faculty of Agriculture at the University of Port-Harcourt a Doctorate Degree business! Operates other ventures in construction, real estate, pharmaceuticals, and Benin ) is! While, he has attended executive management programmes in Switzerland and U.S.A, one of Nigerias top banks Zenith. Ditch digger to stay afloat he recently invested in power generation as part of his home. $ 650 million, Tunde is one of the United States of America??... 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Theophilus Danjuma is a renowned philanthropist and one of his philanthropic gestures, Jimoh in 2019 they to... Siblings of Adedeji Adeleke, a company he founded in 1990 has interests in other business ventures, which 42! Foundation which has empowered thousands of entrepreneurs across Africa to launch his own business Foundation once the... Nigerian while the second licence in 2003 and ever since then his telecoms company which at. Umahi, named a major road after Arthur Eze production and telecom businesses later signed by Starboy in! Africa, and rich countries get poorer, and the $ 19 (... Advisor to the faculty of Agriculture at the University of Port-Harcourt from all over the world & # ;! That is home to many wealthy nigerian billionaires from poor backgrounds Music in Nigeria will become the best Yoruba of! Philanthropic activities also go beyond the shores of Nigeria, Anglican Communion interests in other ventures... 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