According to Forbes list, there are some distinguished individuals in Nigeria, who are very wealthy and they operate certain business conglomerates. They are known to be ranked as the top 10 richest men in Nigeria 2020 after they have established a verifiable business empire that provides jobs and improves the economy of Nigeria.
There have been lists of top 10 richest men in Nigeria 2018, 2019 and others but in this year 2020’s full list of richest men in Nigeria, among them are notable names. In this article, we would give the list of the richest men in Nigeria in 2020, their businesses and different net worths 2020.
In a descending order, we present to you Forbes’ top 10 richest men in Nigeria this 2020 and their net worths.
These are the Top 10 Richest men in Nigeria (2020);
- Oba Otudeko – Net worth 2020 – $610 million
- Mohammed Indimi – Net worth 2020 – $690 million
- Abdulsalam Rabiu – Net worth 2020 – $750 million
- Jim Ovia – Net worth 2020 – $870 million
- Orji Uzor Kalu – Net worth 2020 – $950 million
- Theophilus Danjuma – Net worth 2020- $1.3 billion
- Tony Elumelu – Net worth 2020 – $2 billion
- Femi Otedola – Net worth 2020 – $3.6 billion
- Mike Adenuga – Net worth 2020 – $4.5 billion
- Aliko Dangote – Net worth 2020 – $17.3 billion
10. Oba Otudeko
Dr. Oba Otudeko made it again to the top 10 richest men in Nigeria 2020. He has many business ventures and he is the present chairman of Fan Milk Nigeria PLC, Airtel Nigeria, and Honeywell Group of companies.
He is an angel investor and a retired professional banker. Currently, he is an entrepreneur. Oba Otudeko net worth 2020 is estimated to be around $610 million.
9. Mohammed Indimi
Mohammed Indimi is a wealthy entrepreneur and investor. He is actively into the Oil and Gas sector.
He is the Chief Executive Officer and founder of Oriental Energy Oil Resources Limited which he founded and established in 1990.
Mohammed Indimi net worth 2020 is estimated at around $690 million and he is very wealthy to make the list of the top 10 richest men in Nigeria.
8. Abdulsalam Rabiu
He is also on the top 10 richest men in Nigeria 2020. He is the current Chairman of the popular BUA group, a flour milling company that has expertise and deals in the production, supply of Flour, refinement of ports, sugar and terminal management.
According to Forbes, Abdulsalam Rabiu net worth 2020 is estimated to be around $750 million.
Mr Abdulsalam Rabiu had his education In 1980 at the Capital University, Ohio, United States of America. When he finished his Tertiary education he returned to Nigeria where he took over his father’s business.
In 1988, he founded and established the BUA group which is the second-largest sugar refinery in Nigeria at the moment. The BUA Company has several interests in different sectors of the economy like infrastructure, manufacturing, and agriculture.
Mr Abdulsalam’s BUA Company has an estimated net worth of $2.5 billion. He later acquired the Nigerian Oil Mill Limited and is also the current chairman of the Nigerian Bank of Industry. He has been involved in several philanthropic works which includes BUA Foundation.
7. Jim Ovia
Jim Ovia made the list as the 7th richest man in Nigeria in 2020. He is the founder and owner of Zenith Bank. He also holds a sizeable stake in one of Nigeria’s mobile telecoms company known as Visafone.
He is a Harvard Business School alumnus and is widely known to have ushered in many technical innovations to the Nigerian banking industry.
Jim Ovia is also the chairman of several Nigerian organizations and companies like the Cyberspace Network Limited, Nigerian Software Development Initiative (NSDI), and the National Information Technology Advisory Council (NITAC).
In addition to that, he is a top member of the Digital Bridge Institute (DBI) and the Honorary International Investor Council. He is a very wise investor and entrepreneur who specializes in real estate.
Jim Ovia net worth 2020 is estimated to be at $870 million.
6. Orji Uzor Kalu
Orji Uzor Kalu (born April 21, 1960) is a one-time Ex-governor of Abia state in the southeastern part of Nigeria. He was born into the Igbo family of Mr. Johnson Uzor Nesiegbe and Mrs. Eunice Kalu.
At 33 years old, Uzor Kalu headed First International Bank Limited. Before he was elected as a governor, he served as Borno Water Board and Cooperative and Commerce Bank Limited chairman.
He is the owner of News Telegraph and her sister paper, The Sun Publishing one of Nigeria’s leading Newspaper companies in Nigeria. The popular Nigerian daily print newspaper was founded and established in Ikeja, Lagos state. The Daily Sun made record as the highest-selling newspaper in Nigeria. That is why he made the top 10 richest men in Nigeria 2020.
He is also the chairman of SLOK Holdings, a company that is into several businesses.
Orji Uzor Kalu net worth 2020 is estimated at $950 million.
5. Theophilus Danjuma
General Theophilus Yakubu Danjuma (GCON, FSS, psc) is a Nigerian politician, ex-soldier, multi-millionaire businessman and a philanthropist. He is also on the top 10 richest men in Nigeria 2020. He was the former Chief of Army Staff in Nigeria who got appointed from July 1975 to October 1979.
Under President Olusegun Obasanjo’s administration, he was the Minister of Defence. He is the current chairman of South Atlantic Petroleum.
Theophilus Yakubu Danjuma net worth 2020 is estimated at $1.3 billion.
You might want to know Burna Boy’s Net worth in 2020.
4. Tony Elumelu
It is no doubt that he made the top 10 richest men in Nigeria 2020. Tony Elumelu is a respectable man widely known for his charitable and philanthropic gestures which made him establish the Tony Elumelu Foundation that has empowered many thousands of entrepreneurs all over Africa.
He is the owner of Transcorp and Heirs Holdings which has investments in energy, financial services, hospitality, real estate, agribusiness, and the healthcare sectors. He got decorated by the government with the title of Commander of the Order of the Niger (CON) and was the former chairman of United Bank of Africa (UBA).
Tony Elumelu also studied and graduated from Harvard Business School. In Nigeria’s banking industry, he was widely known for his super role in acquiring Standard Trust Bank and this was a major milestone that catapulted UBA to become one of Nigeria’s top banks.
In 2005, he was also involved in the huge acquisition of the United Bank for Africa. After which he transformed and restructured the bank from a Nigerian bank to a pan-African institution that has its presence in over 19 African countries.
The entrepreneur is the fourth richest man in Nigeria 2020. Tony Elumelu net worth 2020 is estimated to be $2 billion.
3. Femi Otedola
He is one of the most popular entrepreneurial figures in Nigeria and he is the Cheif Executive Officer of Zenon Petroleum Oil and Gas and also the chairman of Forte Oil Plc before he sold it. He has great interest in other sectors of the economy asides oil and gas, most especially in Nigerian Real estate.
He also does a lot of charitable and philanthropic works, he donated a whooping sum of N5billion to the children of the northern states at the cuppy foundation in 2019. The top 10 richest men in Nigeria 2020 list would have been incomplete without him.
Femi Otedola’s net worth 2020 is estimated at $3.6 billion.
2. Mike Adenuga
Mike Adenuga is undoubtedly the current second richest man in Nigeria in 2020. He is the owner and founder of the second-largest Nigerian telecommunications company – Globacom and the founder of ConOil.
Mike Adenuga net worth 2020 is estimated at $4.5 billion.
1. Aliko Dangote
Aliko Dangote is currently and has always been the richest man in Nigeria and Africa this year 2020 for a very long time and it’ll take quite a long time to overtake him. He is the founder of Dangote Group, which has many sub-companies that has diverse interests in agricultural production, telecommunications, real estate and so on.
Aliko Dangote net worth 2020 is at $17.3 billion.