Billionaires - July 7, 2022

Here are the 7 Richest Igbo Men With Their Net Worth in 2022

ebubejulius July 7, 2022

7 min read

Some of the richest people in Africa come from Nigeria. The country is filled with multi-ethnic groups, and the southeast part of the country is predominated by the Igbo population. Thus, the richest Igbo men are from this region of the country.

The Igbos stand out as Nigeria’s most prolific group. Along with the southern and eastern parts of Nigeria, the Igbo tribe is also present in Cameroon and Equatorial Guinea.

Let’s look at some of the richest Igbo men and how they made their fortunes.

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1. Arthur Eze

Arthur Eze is a significant figure in Nigeria’s oil and gas industry. He is the CEO of one of Nigeria’s largest privately-held oil businesses, Atlas Oranto Petroleum.

Eze is a native of Anambra State who grew up in Ukp, Dunukofia Local Government Area. He attended St. Augustine Secondary School in Nkwere, Imo State, in the 1970s before enrolling in California State University in 1974 to study mechanical and chemical engineering.

He is regularly referred to as Prince Arthur Eze, due to his affluence and because he is a member of the royal family. He is reportedly worth $5.8 billion.

2. Ibeto Cletus M

On December 6, 1952, Cletus Ibeto was born in Nnewi, Anambra State. He is currently one of the richest Igbo men, with a net worth of $3.8 billion, despite not being born into wealth.

He is a well-known businessman in Nigeria who sells auto parts and is a successful entrepreneur.

He has since expanded into other industries though, such as banking, real estate, cement manufacturing, and car couplings.

The most well-known manufacturer of vehicle replacement parts in Nigeria is the IBETO Group.

3. Benedict Peters

Benedict Peters is the CEO and founder of the oil and gas company Aiteo Group.

He was raised in Delta State after being born in Ebonyi State. Peters got a degree in geography and urban planning at the University of Benin.

Oil Mining Lease 29 (OML) and the Nembe Creek Trunk Line (NCTL) in the Eastern Niger Delta are reportedly owned by the Aiteo Group.

Benedict Peters is a dedicated husband and father of four. The estimated net worth of Benedict Peters is $3.3 billion.

4. Emeka Offor

Ezekiel Emeka Offor was born in Kaduna State’s Ekwusigo LGA on February 10, 1957, despite being an Irefi Oraifite native.

Within two years of receiving the capital he required to import his initial batch of bitumen through Rivways Lines Nigeria Ltd, he was able to provide material to significant construction firms like Julius Berger Nig. Ltd, Fougerolle Nigeria Ltd, and Guffanti Nigeria Ltd.

Due to his dedication to the company, Emeka Offor’s net worth is estimated to be $2.9 billion.

5. Tony Elumelu

Nigerian business entrepreneur Tony Elumelu is estimated to be worth $1.4 billion. Prior to founding Heir Holdings, he worked as CEO of UBA.

He founded the Tony Elumelu Foundation, which has helped hundreds of African business people launch their enterprises.

Tony Elumelu, a Harvard Business School alumnus, is well known for his work in governmental and charitable organisations.

6. Ifeanyi Ubah

Ifeanyi Ubah is a philanthropist, businessman, investor, and investor with a $1.7 billion net worth. In addition to owning Ifeanyi Ubah F.C., he is a devoted sports lover.

He is the owner and chief executive officer of Capital Oil and Gas Industries Limited, Nigeria’s largest oil and gas company.

Selling tyre supplies and auto parts was how he started on the road to prosperity.

Due to his passion for business, he was able to expand outside of Nigeria and started exporting tyres from the country to Ghana, Liberia, and even Sierra Leone.

7. Innocent Ifediaso Chukwuma

Innocent Ifediaso Chukwuma is a businessman and entrepreneur from Nigeria. He founded Africa’s first automaker brand, Innoson Vehicle Manufacturing, and currently serves as chairman of the Innoson Group of Companies.

Trading in cruiser spare parts allowed Innocent Chukwuma to launch his own enterprise. He has now become well-known in Nigeria’s auto manufacturing region.

The founder of Africa’s largest automaker, Innocent Chukwuma, is estimated to be worth $1 billion.