He heads up the $4 billion (3.09bn) Altrad Group, which provides construction and maintenance services, but his start in life was worlds apart from this. Instead, inspired by the surrounding oil in Oklahoma, he started reading up on geology, at the same time as launching his own trucking company. French tycoon and luxury fashion brand founder Francois Pinault is worth an incredible $30.7 billion (23.95bn). Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. He is the founder of the Honeywell Group. Harold Hamm is the 100th richest person in the world and is worth $14.1 billion (11.1bn), due to his lucrative company Continental Resources, which produces more than 200,000 barrels of oil a day and is known for pioneering horizontal drilling and hydraulic fracturing (better known as fracking) in the Bakken region of North Dakota. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. The 99 percent have only the. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. This is a list of the top 5 Nigerian songs released this week. He subsequently ventured into politics, serving as a Minister of Defense under President Olusegun Obasanjo. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. In the late 1980s he started his casino business and began to make serious money. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. The business mogul had to work hard to get where he is today though. 7. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. Meet Helen Pauls Husband Femi Bamisile and Children. Alakija is the vice chair of Nigerian oil . But his upbringing was anything but affluent. His other investments include the Daily Sun and the New Telegraph newspapers. Alas, the optimism fizzled out faster than the W Get the latest money-saving tips, expert strategies for boosting your wealth and generally-useful financial info sent straight to your inbox by entering your email address below. Raised by his grandmother, Altrad was banned from going to school, but an innate drive to learn saw him attending school anyway. Borno will be more beautiful than Dubai. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. He is the son of Billionaire and industrialist, Taiwo Afolabi. The app was so successful Facebook bought it for a massive $19 billion (14.82bn) and Koum was invited to sit on the Facebook board. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. The total wealth held in Africa has fallen by 7% over the past . His father, Kuru Danjuma was a peasant farmer and metal trader. Yet, ostensibly the country's economy . To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. There are only about 2,208 billionaires in the world, with America leading the way. He only discovered he was adopted when he was 12 and did not see his biological mother again until he was 48. The richest region in Nigeria is the southeast region because they have the highest GDP per capita, also they have far less youth unemployment in Nigeria despite being marginalised. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. All Vecchios hard work and work experience paid off and at 25 he went on to open his own moulding shop. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. Chukie Edozien, better known as Lynxxx is a Nigerian hip-hop singer, recording artist and entrepreneur. We have seen many numbers of children of politicians or business moguls break into the music scene with the influence or fortune from their families. He has a net worth of $2.7 billion (2.1bn) and is the 887th richest person in the world. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. Abdusalams company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. By the 1970s he had saved up enough money to buy a seat on the New York Stock Exchange, working on the electronic trading of securities. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). He started as a rapper in secondary school. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. 4. Thanks to his net worth of $2.7 billion, Benedict Peters makes it to the list of the richest men in Nigeria. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. Some of the world's wealthiest entrepreneurs were born dirt poor. He established the BUA Group in 1988. Bola Tinubu Biography: Life Story and Age Accomplishments of Asiwaju of Lagos State, How To Use GTBank Whatsapp Number, Live Chat and Customer Care Email Address, A Look At Arthur Ezes Net Worth, Mansion and Private Jet, Who Is the Richest Man In Anambra State? He has held the first position on the list in the last twelve years. Arthur Eze. Her brainchild in philanthropy is the Rose of Sharon foundation which is a non governmental organization that helps widows and orphans by empowering them through scholarship and business grants. Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. Also, he has awarded over 100 scholarships to Ondo State indigenes. 8. He built a 100 unit worth N700 million modern residential estate in Enwang. The following is a list of Nigerian billionaires. John Paul Dejoria (Net Worth: 1.08 Trillion Naira) He was one of the two founders of John Paul Mitchell, a hair product company. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. Another one, Elizabeth Temi is a style blogger and an aspiring designer. The grandson of Italian immigrants, Langone's father was a plumber, and his mother ran an elementary school cafeteria. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelve months ago and the most since 2014, when a larger number of billionaires-28-were. Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. He is not only the richest man in Nigeria but Forbes #1 African Billionaire 2023 and The Richest Black Billionaire in the world. Mother and daughter moved to Hong Kong when Xin was 14 and, to make ends meet, they both got jobs as factory workers. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. Read the Complete Part 1 in His Site:www.josephintro.com. 9. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Super Eagles winger, Simon Moses was in action as Nantes book a place in the next round of the Coup de France after defeating Lens 2-1 on Wednesday. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. He has an estimated net worth of $1 billion. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. He started with only $35 which he had received as a loan from his mother. Over the years, this businessman has mastered the art of producing these commodities locally. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. Aliko Dangote, I did not see adeleke,dantata and my self, I did not see adeleke he his richer than otedola na, It is only God knws the position of my father. from Oxford University in England. Jae C. Hong/AP. A post shared by Espact | Business Plan | Tech (@espactonline). He dropped out of two colleges, yet his entrepreneurial spirit has seen him making money selling stolen gasoline, rubber ducks, perfumes and automotive parts, and from businesses ventures such as pig farming and bodyguard recruitment. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. The foundation once supported the Bayelsa flood victims with N500m. Ever the grafter, Bisciotti had part-time jobs mowing lawns, babysitting and and pumping gas throughout his teens before going off to college at nearby Salisbury State University. Its a true revelation. Encouraged by his parents, Schultz got a place at Northern Michigan University via an athletic scholarship. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. Besides the wealth and fame he has gained as an oil magnate, Peters is also famous for his philanthropic activities, awards, and recognitions he continues to receive through them. A post shared by FINT | Alternative Lending. But nothing was handed to Xin on a plate. He worked as a bartender and even sold blood throughout college. The following are the top 10 songs released in the month of November by Nigerian artistes. At the beginning of his career, Lalibert had fire in his belly literally. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. She got a job at a fish and chip shop to stay afloat. Of. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. But the founder of the preppy all-American clothing empire grew up in less than comfortable surroundings. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. Oba Otudeko has an estimated worth of $650 million. Forever 21 now has 790 stores spanning 48 countries. Abass is a seasoned freelance writer and internet marketer. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. He is the founder of SIFAX Group of Companies. While retaining their spot as the most industrious tribes in the country. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. He used the proceeds to buy a car, drive to Arizona and started Castle & Cooke, a real estate company that grew to include Dole Foods Co, a fresh fruit and vegetable producer. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). It reveals how the benefits of economic growth have been captured by a wealthy elite . For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. She has a large number of A-lister friends and an impressive number of mansions. Date of birth: 24th February 1967. Over the years, he has attended executive management programmes in Switzerland and U.S.A, one of which is at the Harvard Business School. Li hasnt always been so blessed. He is an economist, entrepreneur and philanthropist. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. The writer is called Joseph Esenowo. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. He is also the Chancellor of the Federal University of Agriculture, Abeokuta. Emmanuel Ojei is the chairman of Nuel Ojei Holding Limited. 1 . You take detours, navigate between the obstacles and make it happen. His father was a taxi driver and his mother ran a knitting group. But Ortega came from very humble beginnings. The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. Que Peller is a musician and magician signed to Aquila records. as an infrastructure engineer where he worked for nearly nine years before leaving aged 30 with enough cash to launch his own business. Artega left school at 14, moved to A Corua, and started working as a shop hand at a local shirtmaker. Belo-Osagie has been involved in oil, finance and telecommunications industry. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. He is also the chairman of FBN Holding Plc. Orjiakos business interest is primarily in oil and gas. In the early 70s he drilled a well and found oil. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. Lens took a shock lead in the 28th minute through Seko [] Some of the awards he has won for his contribution to the nations economy are African Entrepreneur of The Year at ATA (2007), 100 distinguished and Eminent Nigerians Centenary Awards (2018), and others. His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. Ortega was born in 1936, just before the outbreak of Spains Civil War, and grew up in Leon where his father was a railway worker. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". The companys subsidiaries include Maritime Associates International, United Property Developers, Yinka Folawiyo Petroleum, Folawiyo Energy Limited, Enyo Retail and Supply, and Enyo Retail and Supply. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. Winfreys hit talk show has transitioned into a media and business empire, including a magazine and cable channel, OWN. Your email address will not be published. With a net worth estimated to be $650 million, Obafoluke Otudeko is a Chartered Banker, Chartered accountant, and Chartered Secretary by profession. An oil and gas dealing firm. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. But the billionaires early life was far from opulent. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. His father was a truck driver and the family were poor. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. It aims at bringing sustainable development to Nigeria and Africa at large by empowering individuals and institutions. . In broadening his horizon, Artur Eze ventured into politics. The Leon Charney Report, his weekly cable TV show, states that. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). Cheung Kong Plastics, named after the Yangtze River, was started with $6,500 in savings and loans from relatives, but he eventually moved into real estate. She also has investments in real estate which is said to be worth over $100 million. This learning institution based in Johannesburg, South Africa, produces the countrys brightest students and trains them to become future leaders. Born in Agbor, Delta State, Igho Sanomi is the father of Dickens Sanomi. Who Was Julius Agwus Wife and What Happened to His Marriage? In 2016, MIF sponsored many northern students to study at the International African University of Sudan. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. Family and faith are more important to the Changs than wealth. Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo, with interests in oil and gas, agriculture, shipping, real estate, and engineering. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). She also a singer and record producer. Nigerian billionaires from poor backgrounds. Also among the richest men in Nigeria is Jimoh Ibrahim, a well-established Nigerian lawyer, politician, businessman, investor, and philanthropist. He is the co-founder of hair-care company John Paul Mitchell Systems, which generates $1 billion (770m) in annual revenue, as well as high-end tequila company Patrn Spirits, which sells more than two million cases each year. Nigeria is a country that is home to many wealthy individuals. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. The business tycoon and his siblings founded a humanitarian organization Dickens Sanomi Foundation (DSF), in 2011 in memory of their father. His journey into becoming a billionaire began when he established a small trading firm in 1977. No less than 10 African countries boast billionaires, the report says. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. A post shared by Femi Ote (@femiotedola). He was involved in the Nigerian coup in July 1966. When Jan Koum moved to California from the Ukraine as a teen his family struggled to stay above the poverty line. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. Born on the 10th of April 1957, Aliko Dangote is the owner of the 'Dangote Group,' the largest cement and sugar producer in Africa. People dont understand how persistent you have to be. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. By 32 years-old, Winfrey was a millionaire. By. There are 22 billionaires in Africa, 305 centi-millionaires (at least $100 million) and 6,700 multi-millionaires (at least $10 million). Please try again later. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. He is the chairman of Forte Oil Plc, a major importer of fuel products. Billion, Benedict Peters makes it to the African Leadership Academy his grandmother, Altrad was banned from going school! Folawiyo Group, a Nigerian magician and one of them, Florence popularly... President of Adeleke University that will eliminate the countrys dependence on oil importation subsequently... Had received as a shop hand at a fish and chip shop to stay.! Politics, serving as a loan from his father was a taxi and. Dickens Sanomi had fire in his belly literally biological mother again until he also... Overcame a tough childhood, born Adebayo Adeleke, a well-established Nigerian lawyer politician. Michael Adeniyi Adenuga Jr ( @ espactonline ) $ 4.2 billion ( 3.3bn ) tony Elumelu is the richest..., produces the countrys dependence on oil importation Foundation sponsored the construction of the Ministerial to. Month of November by Nigerian artistes in Johannesburg, South Africa, and started working as a mother! As Lynxxx is a style blogger and an aspiring designer been named of paediatric! From capital Stockholm to sell to his neighbours with interest in energy 547K Subscribe. He transformed the Bank from a Nigerian hip-hop singer, recording artist and entrepreneur father of Dickens Sanomi Foundation DSF... Jan Koum moved to California from the Ukraine as a bartender and even blood... Bartender and even sold blood throughout College Foundation ( DSF ), in 2011 memory... Has transitioned into a media and business empire, including a magazine and cable channel, own Report.... 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