Monday, September 16, 2013



Very few Nigerians have made the Forbes list of richest people in the world the reason been that Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange).

The few Nigerians that have the list are Aliko Dangote, Mike Adenuga and Femi Otedola.

The list of top 20 Richest Nigerian billionaires has been based on:

The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.

Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top.

In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Check out the list and photos below.

1. Alhaji Aliko Dangote
Founder of Dangote Group, Richest man in Africa and Richest black man in the world
2. Mike Adenuga
Conoil, Equatorial Trust Bank, Globacom
3. Femi Otedola
ZENON Oil and Gas
4. Orji Uzor Kalu
Slok Group
5. Cosmos Maduka
Coscharis Group
Click Read More To See The Complete List And Photos...

6. Jimoh Ibrahim
Nicon Insurance, Global Flee
7. Jim Ovia
Zenith Bank, Visafone
8. Pascal Dozie
MTN Nigeria, Diamond Bank
9. Oba Otudeko
Honeywell Group Nigeria
10. Alhaji Sayyu Dantata
MRS Group
11. Umaru Abdul Mutallab
Former Chairman First Bank Plc, Mutallab Group
12. Prince Samuel Adedoyin
Doyin Group
13. Dele Fajemirokun
Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.
14. Chief Cletus Ibeto
Ibeto Group
15. Raymond Dokpesi
Daar Communication, AIT
16. Tony Ezenna
Orange Group
17. Chief Molade Okoya Thomas
Chairman CFAO Nig and other six french companies
18. Ifeanyi Ubah
Capital oil and Gas
19. Leo Stan Ekeh
Zinox Computer
20. Fola Adeola