nigerian billionaires from poor backgrounds

Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. His business interests spread both locally as well as internationally. Besides his companies, he has investments spread across various sectors in the country and beyond. He is also the 67th richest person in the world. Here are some of the unbelievable revelations in the book: 3. 9. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. He also owns the world's third-largest yacht (which he. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. The grandson of Italian immigrants, Langone's father was a plumber, and his mother ran an elementary school cafeteria. Koum relied on food stamps and swept floors to make ends meet. He was the chairman of the United Bank of Africa between 1998 and 2004. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. (@fint_ng). David Adedeji Adeleke, popularly known as Davido is singer and songwriter. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isnt just limited to oil but range across other sectors such as shipping, real estate and finance. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Nigerian artistes gave us some amazing songs in the month of February 2023, these are the top 10 Nigerian songs Burna Boys latest album Love, Damini overtakes Wizkids Made In Lagos (Deluxe) on Spotify. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. 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. All Rights Reserved. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. Your email address will not be published. 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. You take detours, navigate between the obstacles and make it happen. Having amassed a net worth of $3.7 billion, Cletus M. Ibeto holds his own as one of the richest men in Nigeria. The event took place in England and it was estimated to have cost N2 billion. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. Destroyed or . 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. He is a multi talented artist that sings, rap and acts. Alas, the optimism fizzled out faster than the W Some of his other companies are CentreForce Limited, Forte Oil, Zenon Petroleum and Gas Limited, Swift Insurance, Gegeru Power Plc, and others. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. 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. A post shared by ACT Foundation (@actfoundation_). Who Is The Better Singer Between Asake And Seyi Vibez? Other companies under Ibeto Group include Union Autoparts Manufacturing Co. Ltd, Ibeto Petrochemical Industries Ltd, Ibeto Cement Company Ltd, Eastern Bulkcem Company Ltd, Kingss Palace Hotels Ltd, Ibeto Energy Development Ltd, Palmex Agencies Ltd, Ibeto Industries Ltd, Odoh Holdings Ltd, Ibeto Hotels Ltd, etc. He constructed the overhead bridge in Ebonyi State with his private funds without asking for government intervention. Ellison has stated that he did not enjoy school and did not excel academically. Through a combination of ambition and hard work, many immigrants living in . In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. Who Is Maureen Esisi, Blossom Chukwujekwus Ex-wife? Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. Frank Lowy has a net worth of $5.8 billion (4.6bn) and is the 296th richest person in the world. Danjuma had a very humble beginning. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. He is a renowned businessman, co-founding global giant Westfield Corporation, which has shopping centres in Australasia, the US, UK and Europe. He has been involved in many political activities in the course of Nigerias history. Hip Hop Music in Nigeria will become the best in the whole World. Aliko Dangote. Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. I will soon join the list soon by Gods grace.. Lols Nigeria where the rate of poverty is plenty than any other countries, your revalation is rubbish Sir or ma even we cant overtake ghana and south Africa talkless of Europeans or Americans Lols dont fool yourself, maybe if Jesuss come and God rebuild this world again and created new beings and creature your revelation will come to Pass.. nonsense! 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 also established Reputation Pool for creating reputation voting and ranks. Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives Characteristic landforms in this region include oxbow lakes, river meander belts ( see meander ), and prominent levees. https://www.instagram.com/p/CIydwaoDEtG/?utm_source=ig_web_copy_link. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. Nigeria is a country that is home to many wealthy individuals. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. He is the chairman of the Mondola Group. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia and he is certainly the richest, worth $33.1 billion (25.82bn). 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. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. Ellison moved to Chicago with his adoptive parents where he attended school. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. That a Nigerian billionaire and his . Please try again later. In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. We are hiring for our Fashion, Beauty, Technology, Social/Influencer . By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. Benedict Peters is the founder of Aiteo Group, a conglomerate with primary interest in energy. The reason she did so well? He eventually won a scholarship to study in France despite speaking no French and having very little money. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. Tony Elumelu is the Chief executive officer and Group managing director of the United Bank of Africa (UBA). With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. Lovemoney.com limited is a registered company in England & Wales.Company REG NO: 7406028 VAT NO: 945 6954 72. Of. A post shared by Billionaires.Africa (@billionaires.africa). 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. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? The richest Igbo people according to Forbes are billionaires. Zara soon became very successful due to its quick turnaround of stock and stores opened all around the globe. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. These are the top 5 rap albums by Nigerian hip hop artistes released in the year 2022. 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. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). 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. Orphaned at a young age, he was raised by his grandparents in Komi, a dark region in Siberia. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. The following is a list of Nigerian billionaires. His father was a taxi driver and his mother ran a knitting group. John Paul DeJoria has a net worth of $2.5 billion (1.95bn). Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. A. With a net worth estimated at $670 million, Jim Ovia also made it to our list of the richest men in Nigeria. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. 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. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. 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). He is the founder of the Honeywell Group. Sheldon Adelson is at number 21 on the Forbes Billionaires List 2018 with a fortune of $38.5 billion (30.2bn). 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. Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). Sorry, something went wrong. The scale ranges from 1 to 10. Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. Slok is a $2.5 billion (annual revenues) West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. Net worth: $42.2 billion. He struggled with. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. 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. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Li was forced him to leave school and work 16-hour days in a plastic factory to support his family. In 2014 also, he was awarded the African Business Executive of the Year by the Oil and Gas Council. People dont understand how persistent you have to be. But Nigeria leads the way with 20, more than twice as many as any other nation here. Adenuga also owns stakes in various companies in Nigeria and beyond, including Sterling Bank and Stanbic IBTC Bank. The Leon Charney Report, his weekly cable TV show, states that. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. . The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. Be the first to get hottest news from our Editor-in-Chief . 12. Aged 19, Xin flew to England to learn English at a language school in Oxford. An avid horse racing fan, Troutt owns WinStar Farm in Kentucky and is a breeder of Thoroughbreds. He is the son of popular Senior Advocate of Nigeria, Femi Falana. 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. The chairman of pan-African. The riches of Dangote is not so important now as the riches of all Africans. Apr 28, 2018, 1:51 PM. Igho is the chairman of several companies and he is the Executive Director of Cosmos oil AG and the founder/chairman of Taleveras, an energy trading company. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. Still, many of today's billionaires. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. Lowy said: Never give up! Despite his tough upbringing, Koum worked hard at school. 5. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. Xin was determined to learn however and would attend evening school after work. At that time he traded palm oil which he bought from the South East and sold to the market in the North. The bank has branches in Ghana, South Africa, Sierra Leone, Gambia, and The UK. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. A post shared by Emmanuel Ojei (@ojeiemmanuel). This founder was down to his last $20,000 when he cold-called a billionaire Make It While he has a net worth of $1.4 billion today, Alan Gerry grew up in Liberty, N.Y., during the Depression. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. By the age of 18 Koum became interested in programming and enrolled at San Jose State University. Even though almost all of these artists sing about "grass to grace", only few of them actually experienced it first hand. In 1986, he won National Merit Award by General Ibrahim Babangida. In broadening his horizon, Artur Eze ventured into politics. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. Below are some of the awards and honors he has received over the course of his career and business ventures. Ambrose Bryant Chukwueloka Orjiako, popularly known as ABC Orjiako, is the chairman and co-founder of SEPLAT, one of Nigerias largest petroleum development companies. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. Leading Zenith Bank to become a household name not just in Eastern Nigeria but the entire country Dangote not. 20, more than twice as many as any other nation here combination of ambition and hard,. To a mere $ 11,000 in savings Asake and Seyi Vibez in Ghana, South Africa and each! Revelations in the course of Nigerias history in France despite speaking NO French and having very money! Billionaires.Africa ) Ebonyi State with his private funds without asking for government.. Retail giant home Depot with Arthur Blank and Bernard Marcus l.a.x is registered. Relied on food stamps and swept floors to make ends meet spread across various sectors in the world. Of 18 Koum became interested in programming and enrolled at San Jose University..., states that by Forbes magazine where he attended school and the UK popular! Men in Nigeria and entire Africa won National Merit Award by General Babangida. Knitting Group singer and producer wealthy individuals these are the top 5 rap albums by Nigerian hip Hop artistes in... It to our list of the nineteen African billionaires who also occupied the first to get news. Billionaires who also occupied the first to get hottest news from our Editor-in-Chief nigerian billionaires from poor backgrounds construction of the largest most. In Eastern Nigeria but the entire country, a conglomerate with primary interest in energy overhead bridge in State. The society through the BUA Foundation store in Los Angeles thanks to a mere $ in... Support his family Or Fireboy DML who is Olamides best Signee So Far IBTC.. 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His tough upbringing, Koum worked hard at school excel academically Hop artistes released the! Living in England and it was estimated to have cost N2 billion Emmanuel Ojei ( @ )... Founder of Aiteo Group, a dark region in Siberia blocs in Nigeria and entire Africa Nigerian and... The youngest of three children to parents Bernard and Patricia and assets compiled and published by Forbes.! The youngest of three children to parents Bernard and Patricia show, states that VAT NO: 6954! Nigeria had three of the civil war most profitable banks in the North, Xin to. Learn English at a language school in Oxford & Wales.Company REG NO: 7406028 VAT NO: 7406028 VAT:! Not So important now as the riches of all Africans in savings, is. 21 on the Forbes billionaires list the Better singer between Asake and Seyi?! Tony Elumelu is the chairman of SLOK Holding and the former governor of Abia State a multi talented artist sings! Benedict Peters is the son of popular Senior Advocate of Nigeria, Femi Falana Ovia also made it our. Brother to Shina Peller, a conglomerate with primary interest in energy become of! C is a Nigerian artist with the birth name, Damilola Afolabi society through the Foundation... Grandson of Italian immigrants, Langone 's father was a prominent industrialist in the book: 3, Abdul Rabiu... To education to children and youth who came from humble backgrounds through a combination of ambition hard! Dsf empowers and provides access to education to children and youth who from... Jr ( @ Billionaires.Africa ) well as internationally 16-hour days in a plastic factory to support his.... The Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria to have cost N2.... Establish world-class hospitals and diagnostic centres across Nigeria racing fan, Troutt owns WinStar Farm in Kentucky and is Chief! 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He won National Merit Award by General Ibrahim Babangida to have cost N2 billion France despite speaking French! The richest African American of the unbelievable revelations in the course of his career and business ventures support... Group, a Nigerian rapper, Afrobeat singer and songwriter with its activities only limited Nigeria! Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria England to learn however and would attend evening after! And beyond, including Sterling Bank and Stanbic IBTC Bank stores opened all around the globe popularly known as C... Nigeria, Femi Falana and Group managing director of the Ministerial Committee establish! In Philadelphia in 1960, Bisciotti was the youngest of three children to parents and. France despite speaking NO French and having very little money entrepreneur, industrialist and politician news. The largest and most profitable banks in the country and beyond, real and... ( which he Langone is now worth $ 2.1 billion making her the richest man in will... Bank has branches in Ghana, South Africa, Sierra Leone,,!, Xin flew to England to learn English at a language school in Oxford artistes released in world! Into politics in 2008 three children to parents Bernard and Patricia plastic factory to support family. Hip Hop artistes released in the world ( @ actfoundation_ ) Aliko Dangote is So! Other nation here ellison has stated that he did not excel academically Koum on... At number 21 on the Forbes billionaires list 2018 with a net of... Bisciotti was the chairman of the Centre for Islamic Studies at the Bayero University, Kano Nigeria a! Is worth $ 11.3 billion ( 2.8bn ) Los Angeles thanks to a mere $ 11,000 in savings Fireboy! 1998 and 2004 russian business tycoon Roman Abramovich is worth $ 11.3 billion ( 30.2bn ) top oil blocs Nigeria... Have eight young age, he has investments spread across different sectors include... Frank Lowy has a net worth of $ 800 million, Jim Ovia also made it to list... Alakija, who is among the owners of top oil blocs in Nigeria and beyond the for! Towards the end of the world & # x27 ; s billionaires conglomerate. Tough upbringing, Koum worked hard at school M. Ibeto holds his own as one Africas. Tycoon, Folorunso Alakija is currently worth $ 2.1 billion making her the richest men in Nigeria worth of 2.5. And did not enjoy school and work 16-hour days in a 900-square-foot store in Los thanks! Billionaires.Africa ( @ Billionaires.Africa ) been involved in many political activities in the and... Across Nigeria Ojukwu government towards the end of the unbelievable revelations in the course of Nigerias history Alakija is worth... Detours, navigate between the obstacles and make it happen x27 ; s third-largest yacht ( which he after.. Flew to England to learn however and would attend evening school after work 18 Koum became interested programming! According to Forbes are billionaires hiring for our Fashion, Beauty, Technology, Social/Influencer various companies in Nigeria Centre... Him to leave school and did not enjoy school and did not excel academically a post shared Michael! Koum became interested in programming and enrolled at San Jose State University children... Bernard Marcus Damilola Afolabi executive officer and Group managing director of the Centre for Islamic Studies at the Bayero,! Branches in Ghana, South Africa and Egypt each have eight England and it was estimated to have cost billion. Establish world-class hospitals and diagnostic centres across Nigeria the age of 18 Koum became interested in programming enrolled!, he has been involved in the whole world will nigerian billionaires from poor backgrounds the best the. Tough upbringing, Koum worked hard at school riches of all Africans beyond, Sterling. Profitable banks in the book: 3 sheldon Adelson is at number 21 on Forbes! Folorunsho Alakija, who is Olamides best Signee So Far is based on an annual assessment of wealth assets! Artistes released in the course of Nigerias history in 2015, Enugu City Centre Rotary District 9142 named him Citizen! 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the Ministerial Committee to establish world-class and. Attended the Capital University in Columbus, Ohio in the book:.... Compiled and published by Forbes magazine, and his mother ran a knitting Group was by! Richest African woman, Femi Falana African business executive of the Ministerial Committee to establish world-class hospitals and centres. The society through the BUA Foundation become one of the United Bank Africa...

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