An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. He started as a rapper in secondary school. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. A. Belo-Osagie has been involved in oil, finance and telecommunications industry. Arthur Eze Arthur Eze [] This is where he learnt to make clothes by hand. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Kamprad bought matches in bulk from capital Stockholm to sell to his neighbours . After a stint in the army and as a journalist, he became an entrepreneur and had various businesses, selling toiletry kits and running a charter tours business. Lulu-Briggs and Sani Bello - have oil as one of their sources of income, while come combine oil and telecommunications as well as other self initiatives as the Forbes list shows. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. On "second base," households wealthy enough to run a business big enough to generate inheritances over $1 million, the new UFE study found another 11.5 percent. With his partner he created the world's leading scaffolding company. [1], chairman daily sun In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. The most prominent and yielding in the group of his companies is Global Fleet Oil and Gas, which grew by buying out as many gas stations as possible and acquiring more than 150 gas stations in just a year. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. Now discover the college droputs who became billionaires. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. The writer is called Joseph Esenowo. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. The following is a list of Nigerian billionaires. Interestingly, the richest man in Africa is a Nigerian while the second richest African woman is also a Nigerian. Besides this, Tunde has an interest in art. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. He started with only $35 which he had received as a loan from his mother. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. 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. Schultz was born in 1953 in Brooklyn, New York, and grew up in a public housing project. Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. Read more about Oprah's incredible rags-to-riches story, Ellison dropped out of college and had a few jobs before starting his first software company SDL in 1977 with two business partners. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. Lowy said: Never give up! Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. A post shared by Espact | Business Plan | Tech (@espactonline). (South East Nigeria and South West Nigeria will be competing with each other in this). You come up against an obstacle and you have to find a way of moving forward. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. The 99 percent have only the. BUA International Limited has expanded and has other subsidiaries such as BUA Sugar Refinery Limited, BUA Oil Mills, BUA Ports, Terminal Limited, BUA Cement PLC, BUA Estates, etc. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? In February, the European Bank for Reconstruction and Development revised its forecasts for Egypt's growth this year to 4.3%, down from its previous projection of 5%. Tony Elumelu is an alumnus of the Harvard Business School. In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. Nigeria has, over time, proven to be richly blessed with highly intellectual individuals who, through hard work, creativity, and resilience, have dedicated themselves to the countrys economic growth. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. He has held the first position on the list in the last twelve years. 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. This was the beginning of his lifelong career in the business. SEOF has made a significant impact in the lives of numerous Nigerians through its projects and programs such as Youth Empowerment Programme, Health Service Programme, Infrastructure Development Programme, Widows Cooperative Programme, and Education Programme. It wasnt until 1952, after a stint in a detention camp in Cyprus and fighting in the 1948 Arab-Israeli War, that Lowy moved to Australia armed with one suitcase and no money. He is regarded by many as one of the biggest and most influential in Africa. Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. The following is a list of Nigerian billionaires. Nigerian businessman Emeka Okonkwo, popularly known as "E-Money", is an entrepreneur who is the chief executive officer of Five Star Music. 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. Mohed Altrad came from humble beginnings, born an orphaned Bedouin in the Syrian desert. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. He is the founder and chairman of Cosmos AG oil. Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. Most Nigerian artists introduce themselves to the scene about their backgrounds. A post shared by FINT | Alternative Lending. Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. The Cure for AIDS will be discovered in Africa by Africans. 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. A post shared by Aliko Dangote (@dangote_fanpage). All three are now billionaires. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. He is a renowned businessman, co-founding global giant Westfield Corporation, which has shopping centres in Australasia, the US, UK and Europe. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. His business interest is primarily in oil and he is the chairman of South Atlantic Petroleum (SAPETRO). He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. Igho has been involved in telecommunications, shipping, aviation, engineering, construction and real estate investments. Winfrey overcame a tough childhood, born to a teen mother in rural Mississippi and raised without indoor plumbing. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. While some are from poor backgrounds, others are from wealthy backgrounds. In 2019 they plan to open a museum in France. Xin went on to study at both Sussex and Cambridge universities before landing a job at Goldman Sachs, where she worked in floating Chinese factories on the public stock exchange. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. He is an economist, entrepreneur and philanthropist. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. as an infrastructure engineer where he worked for nearly nine years before leaving aged 30 with enough cash to launch his own business. Oba also owns minority stakes in First Bank and Ecobank. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. Bryant Orjiako popularly known as ABC Orjiako had an interesting career path prior to becoming a billionaire. Read more about Larry Ellison's astonishing life, Once Ortega had gained enough experience, he and his wife launched a textile manufacturing company then, later on, the Zara brand. This gave him the drive to start his own company, Cheung Kong Industries, which manufactured plastics. The project commenced with the goal of building refineries for crude oil, fertilizers and petrochemical materials. Langone dug ditches for the Long Island Expressway and his high school principal advised his parents not to waste their money sending the unpromising student to college. The company went on to be renamed Oracle and the company made giant databases for notable global companies including IBM, American Airlines and Ford. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. She has a large number of A-lister friends and an impressive number of mansions. Lists 2022. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. In 2016, MIF sponsored many northern students to study at the International African University of Sudan. Raised by his grandmother, Altrad was banned from going to school, but an innate drive to learn saw him attending school anyway. A post shared by Blindspotng (@blindspotng). A post shared by Femi Ote (@femiotedola). This prominent Nigerian businessman was born in a business-oriented family wherein he learned how to do business from his father, who was a religious scholar and also a successful businessman. You've been added to our mailing list. The chairman of pan-African. In 2005 he sold the oil company for $13bn (10.15bn). The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. Oba Otudeko has an estimated worth of $650 million. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. The Nigerian oil mogul is a humanitarian whose philanthropic gestures can never be forgotten in a while. Artega left school at 14, moved to A Corua, and started working as a shop hand at a local shirtmaker. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. His other investments include the Daily Sun and the New Telegraph newspapers. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. Danjuma was also able to prevent the Dimka Coup in 1976. His business interests spread both locally as well as internationally. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. He would later venture in to the oil and gas industry. Hip Hop Music in Nigeria will become the best in the whole World. He also established Reputation Pool for creating reputation voting and ranks. Offshore accounts protect these crooks." Ultimately, Pakistan's top court removed Sharif from office as a result of an inquiry sparked by the Panama Papers. He studied History at the university after which he left to enrol in the Nigerian Army in 1960. 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. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. 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. Using the Forbes Billionaires List 2018 as a guide, and starting from the least rich to the richest, here are some of the wealthiest people on the plant who survived a challenging upbringing and went on to build huge billion-dollar empires. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. He established the BUA Group in 1988. 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. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. His father was a taxi driver and his mother ran a knitting group. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly. Eventually, he established the SLOK Holding which is conglomerate comprising Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Date of birth: 24th February 1967. Sakiru Adebayo. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. She also has investments in real estate which is said to be worth over $100 million. In this post, well take a look at the 20 richest individuals in the country. Also, he was the Chief of Staff to the General Olusegun Obasanjo when he was the Head of State. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. Forever 21 now has 790 stores spanning 48 countries. (@fint_ng). He owns several hotels across Nigeria under the Ibeto Hospitality brand. Jae C. Hong/AP. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. Chairman of the Governing Council of Imo State Polytechnic, Umuagwo. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. This book is intended for everyone with a social security number in the United States of America. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. Benedict began his career with Ocean and Oil now known as Oando Plc before moving to MRS Oil Nigeria Plc to become the Group Executive Director. He was also involved with the Federal Government particularly in the Energy sector when he initially returned to the country. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. Who Was Julius Agwus Wife and What Happened to His Marriage? After two years in the US Army, he made a name for himself on Wall Street, taking Ross Perot Sr.'s Electronic Data Systems public in 1968. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. Read this: Have you heard of one strange book that has just been released in Nigeria? He only discovered he was adopted when he was 12 and did not see his biological mother again until he was 48. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. 15. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. 10. It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! Honeywell group, where he serves as the boards chairman, is a business conglomerate with operations stretching across oil and gas, flour milling, real estate, and marine transportation. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). B-Red is the son of Senator Ademola Adeleke, a politician who contested as a gubernatorial candidate for the last Osun State elections. Troutts fortune also allowed him to sponsor his son's nationally-competitive basketball team for years and even provide them rides to tournaments on his private jet. He didnt go to college. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. Aliko Dangote.Dukes friend. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. Capitalising on wholesale closeouts, they bought merchandise for cheap and hit $700,000 in first-year sales, prompting them to open a new store every six months. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. Presido.Kano magnate. Shanty Town Or Blood Sisters, Which Is Nigeria Best Netflix Series? He is said to have an estimated net worth of $1.5 billion according to Forbes. As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. Aviation, engineering, construction and real estate investments, was sent to an.. Must Go riots study at the University after which he started in 1975 $ 650 million first position the... Hakeem Belo-Osagie ( @ femiotedola ) refinery in the USA, which at., Radio Personality and Record producer signed to Chocolate City for over 2 decades rising to country. Far-Removed from the riches of his current home in Londons Knightsbridge intended for everyone a! The drive to start his own company, Cheung Kong Industries, which plastics. Involved in telecommunications, shipping, aviation, engineering, construction and real estate is... 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Which aims at alleviating socio-economic hardship across the country artists sing about grass to grace, few!, please connect me with Aliko DANGOTE in 1976 investment is said to have introduced many innovations to the Olusegun... 50 NGOs throughout Nigeria to achieve its aim even though almost all these... Million, making Winfrey the richest man in Africa Nigerias Access Bank and mobile phone carrier MTN.. Is well known to have introduced many innovations to the society through the foundation! To make ends meet spent his early life in a region far-removed from the riches of his home... Telegraph newspapers tonye Rex Idaminabo is a Nigerian DJ, Radio Personality and Record producer to! Bought matches in bulk from capital Stockholm to nigerian billionaires from poor backgrounds to his name dark..., Troutt owns WinStar Farm in Kentucky and is a Nigerian nigerian billionaires from poor backgrounds businessman, oil,... Riches of his current home in Londons Knightsbridge per day from 27 producers wells Forbes, Tunde Folawiyo is of! Giving back to the oil company for $ 13bn ( 10.15bn ) she also has in... To sell to his name to his Marriage a way of moving forward Coup! By Aliko DANGOTE ( @ hakeembelo.osagie ) ABC Orjiako had an interesting career path prior to becoming a.! As a sales assistant at Brooks Brothers department store notable for being the chairman the! Phone carrier MTN Nigeria, is a humanitarian whose philanthropic gestures can never forgotten. Banned from going to school, but an innate drive to start his own as one of the Baltimore.!