He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. 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. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. The following is a list of Nigerian billionaires. from Oxford University in England. 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. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. Ive seen it myself. 10. 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. He received his Bachelors degree at the Northwestern Oklahoma State University after which he went on to obtain a Masters degree at the Pace University in New York. He was involved in the Nigerian coup in July 1966. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). He took over the company from his father, Wahab Folawiyo when he passed away in 2008. also against the background of poor economic data. There are only about 2,208 billionaires in the world, with America leading the way. How did he do it? He is the founder and chairman of Cosmos AG oil. Xin went on to study at both Sussex and Cambridge universities before landing a job at Goldman Sachs, where she worked in floating Chinese factories on the public stock exchange. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. Besides his companies, he has investments spread across various sectors in the country and beyond. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. In search of the American dream he emigrated to New York when he was 21 with no English and no money. Her son recently got married in a ceremony that was reportedly lavish. Koum relied on food stamps and swept floors to make ends meet. 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. 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. 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. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. Dangote is the founder, chairman, and CEO of Dangote Group, a group of companies with interests in the fields of mining, petroleum, steel, and cement. Taleveras Group is Nigerian energy, power, construction, and trading conglomerate with annual revenue estimated at $3.5 billion. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. In 1995, Xin and her husband founded property development company SOHO China. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. 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. Their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising. At that time he traded palm oil which he bought from the South East and sold to the market in the North. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. Other companies under Ibeto Group include Union Autoparts Manufacturing Co. Ltd, Ibeto Petrochemical Industries Ltd, Ibeto Cement Company Ltd, Eastern Bulkcem Company Ltd, Kingss Palace Hotels Ltd, Ibeto Energy Development Ltd, Palmex Agencies Ltd, Ibeto Industries Ltd, Odoh Holdings Ltd, Ibeto Hotels Ltd, etc. Through a combination of ambition and hard work, many immigrants living in . Mike Adenuga ranked 2nd in the list of richest men in Nigeria. In this post, well take a look at the 20 richest individuals in the country. Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. As of January 2023, Forbes estimation of Abdul Samad Isyaku Rabius net worth is pegged at $7.6 billion. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. The billionaire also has interests in other business ventures, which largely contributes to his net worth. 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. Xin was determined to learn however and would attend evening school after work. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Get the latest money-saving tips, expert strategies for boosting your wealth and generally-useful financial info sent straight to your inbox by entering your email address below. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. Billionaires and millionaires in the US include people from all over the world. Here are 21 people who started off life poor and went on to become billionaires: Guy Lalibert was a fire-eater before founding Cirque du Soleil. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. 1 . The company has grown to become a leading global energy and services company with interests in oil, telecommunications, maritime, aviation, and real estate. Also, he has awarded over 100 scholarships to Ondo State indigenes. 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. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. 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. Aliko Dangote.Dukes friend. His humanitarian services have also gone ahead to earn him some prestigious awards. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. Aliko Dangote came first. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. Borno will be more beautiful than Dubai. . After two years in the US Army, he made a name for himself on Wall Street, taking Ross Perot Sr.'s Electronic Data Systems public in 1968. This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. Top footballers that grew up in the ghetto and have become billionaires out of their humble backgrounds Let's see how a difficult childhood has helped these players transform to the soccer gods on the pitch. 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). Dr. Emmanuel I. U. Ojei is a highly successful industrialist and investor who serves as the Chairman and managing director of Nuel Ojei Holding Limited. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. 12. He is also the chairman of Standard Alliance Insurance, Verticom Wireless, STB capital markets, Flame Petroleum and Gas Limited. He has held the first position on the list in the last twelve years. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. Some of the world's wealthiest entrepreneurs were born dirt poor. Aliko Dangote is also notable for giving back to society and donating to charity works. Name Citizenship Net worth Sources of wealth . Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. He is regarded by many as one of the biggest and most influential in Africa. 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. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. He is a renowned businessman, co-founding global giant Westfield Corporation, which has shopping centres in Australasia, the US, UK and Europe. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. To date, the company has developed over 60 million square feet of land. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. He built a 100 unit worth N700 million modern residential estate in Enwang. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. She also a singer and record producer. Que Peller is a musician and magician signed to Aquila records. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. His philanthropic activities also go beyond the shores of Nigeria. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. He is the founder of the Honeywell Group. Aliko Dangote. Net worth: $1.2 billion. His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. The 99 percent have only the. His wealth comes from investments and entrepreneurship. He worked as a bartender and even sold blood throughout college. He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. Buzznigeria.com copyright 2021. By 32 years-old, Winfrey was a millionaire. Ingvar Kamprad. He is the co-founder and chairman of Seplat Petroleum. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. He was later signed by Starboy Entertainment in 2013. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. Tony Elumelu is an alumnus of the Harvard Business School. But nothing was handed to Xin on a plate. (@fint_ng). While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. As we shall see, most of the winners of the BBNaija show came from humble backgrounds (as their fellow housemates) and this is not a coincidence since 40% of Nigerians (83 million people) are below the poverty level as at 2019/2020 (Nigeria Bureau of . As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. 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. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. Of. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. In 1998, Troutt sold Excel Communications to Teleglobe in a $3.5 billion (2.7bn) deal and reinvested the profits in stocks, bonds and horses. Her business interests are in fashion, oil and printing. A post shared by Tony O. Elumelu (@tonyoelumelu). The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. He is reportedly worth over $400 million. ADVERTISEMENT. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. [1], chairman daily sun Igho Sanomi is a recipient of multiple awards and honors. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. Following the success of his palm oil business, Orji Uzor Kalu moved to another line of business which was selling furniture on a large scale. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. 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. 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. He has, over time, donated generously to PDP and supports other political parties as well. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. He started with only $35 which he had received as a loan from his mother. Abdusalams company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). A post shared by Emmanuel Ojei (@ojeiemmanuel). Arthur Eze Arthur Eze [] Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. (@its_lynxxx). He later went to work gruelling shifts in a factory making moulds for eyeglass frames. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. chairman first international bank limited Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. With a 39% stake in the company, Ellison soon became a billionaire. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. Tony Elumelu serves as an advisor to the USAIDS Private Capital Group for Africa (PCGA) Partners Forum. HOW THE BILLIONAIRE SON TREATED ME BECAUSE AM FROM A POOR HOME (New Hit movies)Latest Nigerian MovieEXCEL NOLLYTV Channel on YouTube is your best plug for ex. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. Besides this, Tunde has an interest in art. We have seen many numbers of children of politicians or business moguls break into the music scene with the influence or fortune from their families. Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. He is also the chairman of FBN Holding Plc. Open Bank Account Best Banks 2023 He is the founder and CEO of Nigerian Finder.com. 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? A loan from his mother palm oil which he had received as a sales Assistant at Brooks department. And printing to Ireland and also a former minister of Aviation factory at age 14 put... 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