Top 10 richest people in Nigeria in 2022 and their net worth

Top 10 richest people in Nigeria in 2022 and their net worth

Many people are curious about the net worth and sources of wealth of the top 10 richest people in Nigeria. These people are worth at least one billion dollars. They have multiple income streams, including investments in various sectors that drive the Nigerian economy. Their financial muscle makes them influential figures in society.

Top 10 richest people in Nigeria
A collage of some of the wealthiest Nigerians in 2022. Photo: @oilmoneyofficial, @femiotedola, @tonyoelumelu, @oukgram (modified by author)
Source: Instagram

Who are the top 10 richest people in Nigeria, and where did they get their monies? Read on to discover who the wealthiest people in the country are and how much they are worth.

Richest people in Nigeria in 2022 and their net worth

The top 10 richest people in Nigeria in 2022 are worth a lot of money. They have invested their money in different sectors of the Nigerian economy.

10. Pascal Gabriel Dozie - $1 billion

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top 10 richest people in Nigeria in 2022
Pascal Gabriel Dozie posing for a picture in a black suit. Photo: @Pascal Gabriel Dozie
Source: Facebook

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  • Date of birth: 9th April 1939
  • Age: 83 years (as of 2022)
  • Source of wealth: Investments in banking

Pascal Gabriel Dozie is the founder of Diamond Bank, and his current net worth is $1 billion. He also owns shares in MTN Group, a South African multinational mobile telecommunications company.

9. Tony Elumelu - $1 billion

Who is the richest man in Nigeria in 2022
Tony Elumelu in a black suit. Photo: @tonyoelumelu
Source: UGC
  • Date of birth: 22nd March 1963
  • Age: 59 years (as of 2022)
  • Source of wealth: Investments in financial services, real estate, hospitality, healthcare, power, oil, and gas

Tony Elumelu is the CEO of Heirs Holdings, a business conglomerate he started after retiring from the banking industry. His company has invested in financial services, real estate, hospitality, healthcare, power, oil, and gas. His current net worth is $1 billion.

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8. Jimoh Ibrahim - $1.1 billion

Top 10 richest people in Nigeria
Jimoh Ibrahim smiling for a picture in a black jacket and striped shirt. Photo: @jimohibrahimofr
Source: Instagram
  • Date of birth: 24th February 1967
  • Age: 55 years (as of 2022)
  • Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate

Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. He owns the business conglomerate called Global Fleet Group. The company has interests in various sectors, including insurance, hospitality, transport, real estate, oil, and gas.

7. Orji Uzor Kalu - $1.1 billion

the richest man in the world
Orji Uzor Kalu in a black suit and white shirt. Photo: @oukgram
Source: Instagram
  • Date of birth: 21st April 1960
  • Age: 62 years (as of 2022)
  • Source of wealth: Businesses and political career

Orji Uzor Kalu is a successful businessman and politician with a net worth of $1.1 billion. He is the sitting senator of Abia North Senatorial District and the Chief Whip of the House of Senate in the Federal Republic of Nigeria. He is the CEO of SLOK Holding, a company with investments in banking, shipping, manufacturing, oil trading, and media.

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Dangote, other cement producers make over N156.55bn Profit from cement sales despite high production cost

6. Leo Stan Ekeh - $1.2 billion

who is the richest man in the world
Leo Stan Ekeh pictured in a striped suit. Photo: @LeoStanEkeh
Source: Facebook
  • Date of birth: 22nd February 1956
  • Age: 66 years (as of 2022)
  • Source of wealth: Investments in ICT

Leo Stan Ekeh is a businessman worth $1.2 billion. He owns Zinox Group and Konga. Zinox is a leading ICT ecosystem in Africa. It deals with computer and peripheral equipment manufacturing. On the other hand, Konga is an online electronics shop.

5. Femi Otedola - $1.8 billion

Who is the richest man in Nigeria in 2022
Femi Otedola posing for a picture in a brown coat. Photo: @femiotedola
Source: Instagram
  • Date of birth: 4th November 1962
  • Age: 59 years (as of 2022)
  • Source of wealth: Investments in petroleum, shipping, real estate, and finance

Femi Otedola is the biggest shareholder of Forte Oil, a publicly-traded company. The company has more than 500 gas stations across the nation. He also has investments in shipping, real estate, and finance. He has a net worth of $1.8 billion.

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4. Alafaa Kariboye-Igbo - $6.1 billion

the richest man in the world
Alafaa Kariboye-Igbo, alias Oil Money, pictured in a black outfit in São Paulo, Brazil. Photo: @oilmoneyofficial
Source: Instagram
  • Date of birth: 21st May 1981
  • Age: 41 years (as of 2022)
  • Source of wealth: Business investments in real estate, oil, gas, auto dealership, and entertainment

Alafaa Kariboye-Igbo is commonly known as Oil Money. The 41-year-old business tycoon was born into a poor family, but he worked hard to become a wealthy man with a net worth of $6.1 billion. The employer owns Oil Money Records, which helps upcoming artists to release music. He also has investments in real estate, oil and gas production, and vehicle dealership.

3. Abdulsamad Rabiu - $6.5 billion

  • Date of birth: 4th August 1960
  • Age: 61 years (as of 2022)
  • Source of wealth: Cement production, sugar refining and real estate

Abdulsamad Rabiu is the third-wealthiest Nigerian in 2022, with a net worth of $6.5 billion. He is the founder of BUA Group, a company involved in cement production, sugar refining and real estate. In 1988, he started a business that imported iron, steel and chemicals. He also inherited land from his father, a late successful businessman.

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2. Mike Adenuga - $6.7 billion

  • Date of birth: 29th April 1953
  • Age: 69 years (as of 2022)
  • Source of wealth: Telecom and oil production

Mike Adenuga is the second-richest person in Nigeria, with a net worth of $6.7 billion. He owns Globacom, a mobile phone network in the country. The network is the third-largest operator in Nigeria. He also owns Conoil Producing, an oil exploration business.

1. Aliko Dangote - $15 billion

Dangote's net worth
Aliko Dangote speaks during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland. Photo: @Chris Ratcliffe
Source: Getty Images
  • Date of birth: 10th April 1957
  • Age: 65 years (as of 2022)
  • Source of wealth: Cement production

Is Aliko Dangote the richest man in the world? He is not the wealthiest in the world but the wealthiest in Africa. He is the founder and chairman of Africa's largest cement producer, Dangote Cement. He owns 85% of the company. Dangote's net worth in 2022 is $15 billion.

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Recap of the top 10 richest people in Nigeria

  1. Aliko Dangote - $15 billion
  2. Mike Adenuga - $6.7 billion
  3. Abdulsamad Rabiu - $6.5 billion
  4. Alafaa Kariboye-Igbo - $6.1 billion
  5. Femi Otedola - $1.8 billion
  6. Leo Stan Ekeh - $1.2 billion
  7. Orji Uzor Kalu - $1.1 billion
  8. Jimoh Ibrahim - $1.1 billion
  9. Tony Elumelu - $1 billion
  10. Pascal Gabriel Dozie - $1 billion

Who is the richest man in the world?

The richest man in the world in 2022 is Elon Musk, with a net worth of $221.5 billion.

Who is the richest man in Africa?

The wealthiest man on the continent is Aliko Dangote, the founder of Dangote Cement. He is worth $15 billion in 2022.

Who is the richest man in Nigeria in 2022?

The wealthiest Nigerian in 2022 is Aliko Dangote.

The top 10 richest people in Nigeria have amassed wealth from multiple streams of income. They inspire others to pursue their dreams because they, too, can make it.

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READ ALSO: Nigerian actresses: Top 20 richest women of Nollywood 2022

Legit.ng recently published a list of the top 20 richest Nigerian actresses in 2022. Nollywood is made of seasoned and upcoming actors and actresses who do their best to provide quality entertainment.

Some have struck gold in the industry and are now wealthy. The wealthiest actresses in Nigeria include Mercy Johnson, Rita Dominic, Genevieve Nnaji, and more.

Source: Legit.ng

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