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Top 10 Richest Men in Nigeria (2017, Forbes)

Nigeria as we all know it is rich with both human and natural resources. Top 10 richest  men in Nigeria has been outlined.

Judging from the list of the top 10 richest men in Nigeria, after going through their biographies, you would be shocked to realize that these men of class did not even attend some of the top 10 universities in Nigeria, how much more schooling abroad. Just a few might have the opportunity of schooling abroad through scholarship programmes.

The race for the top 10 richest men in Nigeria is not about your past financial background of your parents but how much idea that can be converted into wealth you possess as we all are aware that IDEAS rule the world.

The list comprises of those that have business that are visible in Nigeria because many argues that the richest people in Nigeria are politicians, but we deal with tangible investment and read companies.

One would agree that even the richest businessman in Africa and the second riches woman in Africa is also a Nigeria. let us find out.

Top 10 richest Men in Nigeria (2017, Forbes)

Num 1: Aliko Dangote

Aliko Dangote top 10 richest men in nigeria

He sits at the number spot of the top 10 richest men in Nigeria because he is worth $12.5 billion. He is the owner and founder of Dangote Group of companies.

Num 2: Mike Adenuga

Mike Adenuga

This gentle man sits on the number 2 spot of the Top 10 richest men in Nigeria and thanks to his investment in the telecommunication industry. Globacom and his oil investment, Conoil. Mike Adenuga is currently worth $5.8 billion and this also makes him the third richest man in Africa according to Forbes


Read: How to start  E-commerce Business: Buying from china toNigeria

Num 3: Arthur Eze

arthur eze

Arthur Eze is one of the richest men in Africa. He is the chairman and founder of Atlas Oranto Petroleum, a reputable company in Nigeria and other African companies.

He is currently worth about $5 billion . He is a Chemical engineer who studied at the California state University, USA.

Num 4: Cletus Ibeto

Cletus Ibeto

Cletus is the head of the ibeto group and the founder. The ibeto group is a conglomerate of several industries such as Cement, Petrochemicals, vehicle parts, Hotels and real estate. He s currently worth $3.8 billion.

Num 5: Benedict Peters

He is the founder of Aiteo Group. This group has primary interest in Energy. Benedict worked with Oando and later moved to become Group Executive director of MRS oil group.

The Aiteo Group that he founded has reported boast of having one of the biggest Oil tank farm in Nigeria. He is currently among the top 10 richest men in Nigeria with a net worth of $2.7 billion.

Num 6: Femi Otedola

Femi Otedola

The Chairman of Forte oil  and the the son of the former Governor of Lagos, Michael Otedola. He is currently at the 6th position of th top 10 richest men in Nigeria and therefore has a net worth of $2.3 billion. The billionaire is also founded Zenon oil and gas PLC and he is one of the major importer of oil and gas. Femi Otedola is one of the few Billionaires in Nigeria.

Num 7: folorunsho Alakija

Alakija Folorunsho

Folorunsho Alakija is currently worth $2.1 billion and also makes her the second richest woman in Africa.

She owns an Oil Company which claims to be making approximately $10 million daily. To make this more interesting she is also into the real estate which makes he also generate about $100 million.

She is also involved in philanthropy as she owns an NGO called Rose of sharon foundation. The foundation gives scholarships and empowerment for orphans and widows.

Num 8: Theophilus Danjuma


The retired General and philantropist makes our list of top 10 richest men in Nigeria. He is the Chair man of South Atlantic Petroleum (SAPETRO).

Theophilus Danjuma is currently worth $1.9 billion

Num 9: Abdulsalam Rabiu


The billionaire is the founder of BUA group which is a conglomerate focused in Sugar,Manufacturing and Agriculture.

Abdulsalam Rabiu is current worth $1.5 billion


Num 10: Tony Elumelu

Tony elumelu top 10 richest men in nigeria

The enterprenuer who is  philanthropist billionaire makes the kist of the top 10 richest men in Nigeria.

Tony Elumelu who is an alumnus of harvard Business School has investments in Heir Holdings, United Bank for Africa (UBA) and Transcorp. He founder the toney Elumelu Foundation which have empowered entrepreneurs in Africa.

Tony Elumelu is currently worth $1.5 billion.


There are many billionaires in Nigeria. The list could go on but this is the top 10 we can come with. Hope you have seen the set of Nigerians making our country proud.


Updated: January 7, 2018 — 2:48 pm

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