Nigerian is one of the countries that has a large number of car dealerships, both small-scale and large-scale dealerships. Through the selling of these cars, many Nigerians have acquired a huge amount of money. The car business made many wealthy men in Nigeria.
This article looks at the top car dealers in Nigeria, their net worth, and the cars they own. To know more about them, keep scrolling below.
- Chief Michael Ade-Ojo – $2 Billion
Chief Michael was born on the 14th of June 1938 in Ilara-Mokin Ifedore local government area of Ondo state, Nigeria, to the late Chief Solomon Ojo and Mrs Beatrice Ademolawe Ojo. The entrepreneur is the Chairman of Toyota Nigeria Limited and the founder of Elizade Nigeria Limited.
The billionaire started his car business in 1971, and today, he has invested over $50 million in a plant capable of assembling 40,000 units of cars, light trucks, and minibuses per year.
As one of the owners of the leading successful car companies in Nigeria, Chief Michael Adeojo owns a series of luxury vehicles that are not public knowledge. However, he can afford cars like:
- 2020 Toyota Land Cruiser
- 2019 Toyota Hilux 4 x 4
- 2022 Land Rover Range Rover
- 2021 Toyota Highlander
- William Anumudu – $950 Million
William Anumudu founded Globe Motors Holding Nigeria, an automobile dealership in Lagos, Nigeria. His company deals exclusively in brand-new passenger and commercial vehicles and sells brands like Mercedes-Benz, Toyota, Hyundai, etc.
The billionaire founded the company in March 1984 to transform the underserved Nigerian automobile industry. The company grew and surpassed its missions. It’s the sole distributor of BRT vehicles in Nigeria, the largest dealer of Mercedes-Benz, and a leading dealer of Toyota cars.
Presently, the company has three showrooms in Victoria Island, Lagos, and a large warehouse in Lagos that accommodates over 500 vehicles. The company also has branches in Abuja and Port Harcourt.
While much is not known about the cars William Anumudu owns, here are cars he can afford with his net worth:
- Rolls Royce Phantom
- Mercedes-Benz G-Wagon
- 2019 Toyota Land Cruiser Prado
- Sunil Vaswani – Net worth Unknown
Sunil Vasawani is an Indian-Nigerian billionaire born in July 1963 and grew up in Nigeria. He is the Chairman of Stallion Motors, a subsidiary of Stallion Group. His company sells cars across brands like Honda, Hyundai, Nissan, Volkswagen, Porsche, Audi, Skoda, Changan, and many other brands.
There is no public information about the cars Sunil Vaswani owns. But with his net worth, he can afford cars like:
- Rolls Royce Cullinan
- Porsche 911 Carrera
- Lamborghini Urus
- 2022 Toyota Land Cruiser 70th Anniversary
- Cosmas Maduka – $800 Million
Cosmas Maduka was born on the 24th of December 1958 in Nnewi, Anambra State, to the late Peter and Rose Maduka. He is the founder and CEO of Coscharis Motors (a subsidiary of Coscharis Group), founded in 1977. Before establishing his business, he started importing and distributing automobile spare parts and accessories for Japanese vehicles and all other kinds of automobile products. He is currently the sole wholesaler of BMW cars in Nigeria.
The billionaire made his first million at age 24. Currently, his company Coscharis Motors, has over 26 branches nationwide and three branches in African countries: Ghana, Gabon, and Cote D’Ivoire.
His cars include:
- Jaguar XF
- Rolls-Royce Cullinan SUV
- Mercedes-Benz S-class
- Chief Andrew Okocha – $450 Million
Chief Andrew Okocha is the founder of A.C. Okocha Motors. He founded the company in 1984 when he started importing cheap cars from Cotonou, Benin Republic, and reselling them in Nigeria.
In 1990, his company A.C Okocha became a distributor of Peugeot vehicles in Nigeria. Since then, the company has expanded and is still a leading distributor of Peugeot cars in Nigeria.
There are no public records of cars Chief Andrew Okocha owns but with his estimated net worth, he can afford cars like:
- 2021 Toyota Prado
- 2018 Toyota Hilux 4 x 4
- 2021 Land Rover Range Rover Sports
- Olutoyin Okeowo – Net worth Unknown
Olutoyin Okeowo is the Managing Director and CEO of Metropolitan Motors Ltd. The car company was founded by a group of Nigerians and incorporated in 2001 as a company. Okeowo’s company is an accredited distributor of Toyota cars in Nigeria.
There are no public records of Olutoyin Okeowo’s vehicles but his estimated net worth will afford vehicles like:
- 2021 Toyota RAV 4
- 2019 Toyota Hilux 4 x 4
- 2021 Land Rover Range Rover Evoque
- 2018 Rolls-Royce Ghost
- Lanre Shittu – $10 Million
Alhaji Rasaq Olanrewaju Shittu was a professional auto dealer and Chairman of Lanre Shittu Group before his death earlier this week. His company Lanre Shittu Motors Nigeria Ltd was known for providing imported certified second-hand vehicles into Nigeria.
His brand sold Toyota and Peugeot cars and set up an assembly facility for JAC trucks in Lagos. Lanre Shittu also had investments in real estate and agriculture. The business mogul turned 65 in January 2023 before his death in March 2023.
As a top auto dealer, Lanre Shittu owns a series of cars. However, Lanre Shittu could afford cars like:
- 2020 Toyota Prado
- 2019 Toyota Hilux 4 x 4
- 2021 Land Rover Range Rover Evoque
Conclusion
These are the top car dealers in Nigeria who have acquired a lot of wealth from their involvement in importing and selling cars in Nigeria. Many started their businesses in the 60s, 70s, 80s, and 90s. Today, their business has amassed so much wealth, making them leaders in the Nigerian auto business.
