Nigerian Billionaires: Top 10 Richest People in Nigeria in 2024

Nigeria, often referred to as the Giant of Africa, boasts a growing number of billionaires who have made their fortunes through various industries. In the country,  many people have a lot of money, and some of them are very rich. A lot of folks want to know how much the richest people in Nigeria are worth. 

These billionaires make their money from different sources which contributed to their status as the richest people. This is like putting their money into different parts of Nigeria’s economy. Because of their riches, these people are well-known not just in Nigeria but also around the world. In 2024, the richest individuals in Nigeria have a net worth of millions or even billions of dollars. They are smart with money and have invested in important parts of the country’s economy.

Aliko Dangote – $13.7 billion

Topping the list is Aliko Dangote, the wealthiest man in Nigeria and the entire African continent. At 67 years old, Dangote’s empire spans cement production, auto manufacturing, and fertilizer production. The Dangote Group, with about 30,000 employees, has become the most influential industrial group in Western Africa.

Mike Adenuga – $6.5 billion

Mike Adenuga, aged 71, is a titan in the telecom and oil production industries. He owns Globacom, the second-largest telecommunication operator in Nigeria, with additional operations in Benin, Ghana, and Cote d’Ivoire. Adenuga is also the proprietor of Conoil Producing Limited, a major player in the Nigerian oil sector.

Alafaa Kariboye-Igbo – $6.1 billion

Known as Oil Money, Alafaa Kariboye-Igbo, aged 43, has amassed his fortune through diverse business investments. From real estate and oil and gas production to auto dealerships and entertainment, Oil Money is a self-made billionaire who has also contributed to the music industry through his label, Oil Money Records.

Abdulsamad Rabiu – $5.9 billion

Abdulsamad Rabiu, 63, is the founder of BUA Group, a conglomerate involved in cement production, sugar refining, and real estate. Starting with a business importing iron, steel, and chemicals, Rabiu expanded his operations into steel production, billets, and construction rolling mills.

Arthur Eze – $5.8 billion

At 75, Arthur Eze is the CEO of Atlas Oranto Petroleum, Nigeria’s largest privately-held oil exploration and production company. Additionally, he founded Triax Airlines in 1992. Eze’s significant holdings in oil exploration blocs make him one of the key figures in Nigeria’s energy sector.

Cletus Ibeto – $3.8 billion

Cletus Ibeto, aged 71, is a pioneer in cement, energy, and automotive parts production. The founder of Ibeto Group started as a spare parts import vendor and later established Ibeto Petrochemical Industries Ltd., contributing significantly to both local and international markets.

Orji Uzor Kalu – $3.2 billion

Orji Uzor Kalu, aged 64, is a multifaceted entrepreneur involved in furniture, manufacturing, transportation, and politics. As the sitting senator of Abia North Senatorial District and CEO of SLOK Holding, Kalu has created a business conglomerate with a wide range of investments across several countries.

Emeka Offor – $2.9 billion

Emeka Offor, aged 67, has built his wealth in the oil production sector. As the founder and chair of The Chrome Group, his successful oil exploration firm headquartered in Abuja has contributed to his substantial net worth.

Benedict Peters – $2.7 billion

Benedict Peters, aged 57, is a prominent figure in the oil and gas industry. Founder of the Aiteo Group, Peters started his career in the early 1990s and has consistently played a key role in Nigeria’s energy sector.

Andy Uba – $2.1 billion

At 65, Andy Uba’s wealth primarily stems from his involvement in politics. Elected as the Senator of Anambra South Senatorial District in 2011, Uba has navigated a successful political career that began in his college days.