2017 top ten list of richest people in Nigeria

Ranking website, Forbes recently revealed a comprehensive list of the top 10 richest people in Nigeria for 2017. According to the release, each of the Nigerians who made it to the list are billionaires with marginal differences in their net worth.

Top 10 richest people in Nigeria

From the least to the top, the following are the 2017 top ten richest Nigerians going by Forbes' listing.

Oba Otudeka

10. Oba Otudeko: His profile is quite interesting. He's the Chairman and founder of the honeywell group; Chairman, FBN Holdings Plc. His operations spread across oil and gas, flour mining, real estate, and marine transportation. Net Worth: $650 million.

Jim Ovia

9. Jim Oviah: Jim Oviah is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%. He also manages a mobile telecom Visafone which has over 3 million subscribers. Net Worth: $1 billion.

Orji Uzor Kalu

8. Orji Uzor Kalu: The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He became a real business man at the age of 19 after being expelled from a Nigerian University for allegedly spearheading a series of student riots. Net Worth: $1.1 billion.

Tony Elumelu

7. Tony Elumelu: A philanthropist and founder of the Transcorp and Heirs Holdings. He was the chairman of United Bank for Africa and was estimated to worth $1.4 billion.

Abdulsalam Rabiu

6. Abdulsalam Rabiu: The founder of the famous BUA Group. A conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a chinese cement equipment service provider Sinoma International Engineering to construct a second production line located in Edo State Niger Delta, Nigeria. Net Worth: $1.5 billion.

Theophilus Danjuma

5. Theophilus Danjuma: Former Nigerian Chief of Army staff between 1975 to 1979. He is the current chairman of Athlantic Petroleum. Net Worth: $1.7 billion.

Folorunsho Alakija

4. Folorunsho Alakija: The richest woman in Nigeria and Africa, very powerful indeed! Folorunsho is a business tycoon who has interest in fashion,oil and printing industries. Net Worth: $2.1 billion.

Femi Otedola

3. Femi Otedola: He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors. Net Worth: $2.3 billion.

Mike Adenuga

2. Mike Adenuga: The second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil. Net Worth: $10.5 billion.


1. Aliko Dangote: The richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira. Net Worth: $12.5 billion.

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