T.I.N Magazine compiled the net worth and made a ranking of the richest people in Nigeria. The ranking was set based on the Real-time Forbes estimates of the richest personalities in Nigeria and other credible net worth raters. The list is strictly for 2016.
10. ORJI UZOR KALU
CURRENT NET WORTH: $330 Million (2016)
Orji Uzor Kalu is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria. He served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Prior to his election, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited.
9. MOHAMMED INDIMI
CURRENT NET WORTH: $500 Million (2016)
Mohammed Indimi is the founder and chairman of Oriental Energy Resources, Limited. This company has interest in the oil sector, especially in the Nigerian Upstream Oil and Gas sector.
8. JIM OVIA
CURRENT NET WORTH: $550 Million (2014)
Jim Ovia is the founder of Zenith Bank Group, a bank he is the largest individual shareholder with about 9.3% stake. He is also an investor in real estate across Nigeria. His other assets include Visafone, a mobile telecommunication outfit.
7. TONY .O ELUMELU
CURRENT NET WORTH: $700 Million (2016)
The popular businessman dropped in worth this year due to the economic situation. Tony is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.
6. THEOPHILUS DANJUMA
CURRENT NET WORTH: $750 Million (June 2016)
Theophilus Yakubu Danjuma is a Nigerian Jukun soldier, politician and multi-millionaire businessman and philanthropist. He was Nigerian Army Chief of Army Staff from July 1975 to October 1979. He was also Minister of Defence under Olusegun Obasanjo. Danjuma is chairman of South Atlantic Petroleum (SAPETRO).
5. ABDULSAMAD RABIU
CURRENT NET WORTH: $1.1 Billion(June 2016)
AbdulSamad Isyaku Rabiu CON is a Nigerian businessman. His father, Khalifah Isyaku Rabiu was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group and chairman of Nigerian Bank of Industry.
4. FOLORUNSHO ALAKIJA
CURRENT NET WORTH: $1.75 billion (June 2016)
Folorunsho Alakija is a Nigerian businesswoman who has replaced Isabel dos Santos as the richest African woman, and also is the richest woman of African descent in the world. She is a business tycoon involved in the fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
3. FEMI OTEDOLA
CURRENT NET WORTH: $1.8 Billion (June 2016)
Femi Otedola is a Nigerian businessman. He is Chairman of Forte Oil Plc, and appeared as one of only two Nigerians (alongside Aliko Dangote) to appear on the 2009 Forbes list of 793 dollar-denominated billionaires in the world, with an estimated net worth of over US$1.2 billion. Femi Otedola is the Nigerian President and Chief Executive Officer of Zenon Petroleum and Gas limited.
2. MIKE ADENUGA
CURRENT NET WORTH: $7.4 billion (June 2016)
Mike is a Nigerian business tycoon, and one of the richest black people in the world. His company Globacom controls Nigeria's second-largest telecom operator, he also owns stakes in the Equitorial Trust Bank and oil exploration firm Conoil.
1.ALIKO DANGOTE
CURRENT NET WORTH: US$14.5 billion (June 2016)
Dangote is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia.
10. ORJI UZOR KALU
CURRENT NET WORTH: $330 Million (2016)
Orji Uzor Kalu is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria. He served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Prior to his election, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited.
9. MOHAMMED INDIMI
CURRENT NET WORTH: $500 Million (2016)
Mohammed Indimi is the founder and chairman of Oriental Energy Resources, Limited. This company has interest in the oil sector, especially in the Nigerian Upstream Oil and Gas sector.
8. JIM OVIA
CURRENT NET WORTH: $550 Million (2014)
Jim Ovia is the founder of Zenith Bank Group, a bank he is the largest individual shareholder with about 9.3% stake. He is also an investor in real estate across Nigeria. His other assets include Visafone, a mobile telecommunication outfit.
7. TONY .O ELUMELU
CURRENT NET WORTH: $700 Million (2016)
The popular businessman dropped in worth this year due to the economic situation. Tony is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.
6. THEOPHILUS DANJUMA
CURRENT NET WORTH: $750 Million (June 2016)
Theophilus Yakubu Danjuma is a Nigerian Jukun soldier, politician and multi-millionaire businessman and philanthropist. He was Nigerian Army Chief of Army Staff from July 1975 to October 1979. He was also Minister of Defence under Olusegun Obasanjo. Danjuma is chairman of South Atlantic Petroleum (SAPETRO).
5. ABDULSAMAD RABIU
CURRENT NET WORTH: $1.1 Billion(June 2016)
AbdulSamad Isyaku Rabiu CON is a Nigerian businessman. His father, Khalifah Isyaku Rabiu was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group and chairman of Nigerian Bank of Industry.
4. FOLORUNSHO ALAKIJA
CURRENT NET WORTH: $1.75 billion (June 2016)
Folorunsho Alakija is a Nigerian businesswoman who has replaced Isabel dos Santos as the richest African woman, and also is the richest woman of African descent in the world. She is a business tycoon involved in the fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
3. FEMI OTEDOLA
CURRENT NET WORTH: $1.8 Billion (June 2016)
Femi Otedola is a Nigerian businessman. He is Chairman of Forte Oil Plc, and appeared as one of only two Nigerians (alongside Aliko Dangote) to appear on the 2009 Forbes list of 793 dollar-denominated billionaires in the world, with an estimated net worth of over US$1.2 billion. Femi Otedola is the Nigerian President and Chief Executive Officer of Zenon Petroleum and Gas limited.
2. MIKE ADENUGA
CURRENT NET WORTH: $7.4 billion (June 2016)
Mike is a Nigerian business tycoon, and one of the richest black people in the world. His company Globacom controls Nigeria's second-largest telecom operator, he also owns stakes in the Equitorial Trust Bank and oil exploration firm Conoil.
1.ALIKO DANGOTE
CURRENT NET WORTH: US$14.5 billion (June 2016)
Dangote is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia.
