- The South-Eastern part of Nigeria is one of the regions that has some of the wealthiest people to date.
- Many of these wealthy Igbo people are men who have acquired their wealth through their various business engagements.
The Igbo tribe, an expansive community of people living in the South-Eastern part of Nigeria has one of the highest numbers of wealthy Nigerians in the country. They range from men and women who have acquired massive wealth through businesses and their political engagements.
Table of Contents
However, in this article, we will be exploring the top 14 of these wealthy Igbo people (in the men category), their net worth, and the series of cars they own. We’ve presented them in no particular order, keep reading below to learn more about them.
Real-time data shows that Nigerian billionaires have lost a significant amount of money. Dangote, the founder of the Dangote Group conglomerate, has moved down to the second position after his wealth decreased from $13.5 billion in 2023 to $9.7 billion as of January 4, 2024, indicating a loss of $3.8 billion. Arthur Eze, the richest man in Igbo land, has also experienced a decline in his net worth, going from $5.8 billion in 2023 to $4.6 billion in 2024.
Arthur Eze – $4.6 Billion
#1 on the wealthy Igbo men’s list of 2024 is Arthur Eze, the CEO of Atlas Oranto Petroleum, one of Nigeria’s largest privately-held oil exploration and production companies. In 1992, he founded Triax Airlines following the deregulation of airlines in Nigeria. He hails from Ukpo village in Dunukofia in Anambra State. The 74-year-old billionaire owns two private jets, 6 Rolls-Royce and 7 Maybachs.
- About Arthur Eze’s Rolls-Royce Cars
Arthur Eze is a lover of Rolls Royce he is a Rolls Royce collector, and he owns about 6 different years and models of Rolls Royce. Outfitted with a twin-turbo V12 motor a gleam in obscurity rooftop and a self-destruction entryway type. About the cost, however, cash is no item to these individuals, and we believe some of you may be intrigued. You can get one of these for 160 million Naira or a custom model with just N220 million. He has up to 5 Rolls Royce models sitting in his garage.
Cletus Ibeto – $1.8 Billion
Igbo businessman Cletus Ibeto is #2 on the list of wealthy Igbo men in 2024. He is the founder and chairman of Ibeto Group. His company deals in Cement, energy, and automotive parts production. His net worth of $1.8 Billion ranks him as one of the top billionaires in Nigeria.
Some of his cars include:
- Rolls Royce
The Rolls Royce is powered by a V12, 6.8-liter producing 563 horsepower. The passengers can enjoy a superior ride in a bespoke interior. Numerous A-grade leather and hand-crafted wood materials are available to dress up the interior, including a starlight headliner, a rear cocktail area, a rear entertainment system, a gallery with customized artwork, a backlit mirror, a power footrest, and so much more.
- Mercedes Maybach S-Class
The updated version of this car has 5 display screens, including a 12.3-inch digital instrument cluster; a new 12.8-inch OLED touchscreen; a “Hey, Mercedes” assistant, and a 1,750-watt Burmester audio system. It rides on a 4.0-litre twin-turbo V-8 engine, producing 496 horsepower and 516 lb-ft of torque.
- Innoson IVM G40
The price of a brand new Innoson IVM G40 SUV is N17.325million. The Innoson IVM G40 has a 2.4-liter inline-four petrol engine, and it is available in 5-speed automatic transmission only. It is capable of giving out 143 horsepower. The maximum speed of this SUV is 150 km/h.
- Toyota Hilux
The Toyota Hilux has a 2.8L diesel engine with an automatic transmission that gains 20kW more power and 50Nm more torque.
Orji Uzor Kalu – $1.2 Billion
#3 on the list, is the former Governor of Abia state, a sitting senator of Abia North Senatorial District, and the House of Senate Chief Whip in the Federal Republic of Nigeria. Orji Uzor Kalu is both a businessman and an astute politician. He is the CEO of SLOK Holding, a company with investments in banking, shipping, manufacturing, oil trading, and media.
Some of his cars include:
- Bentley Continental
The Bentley Continental GT is manufactured and marketed by British automaker Bentley Motors. This luxury vehicle exudes the grand luxury and taste in high-quality materials that characterize Bentley. It comes standard with stability and traction control, anti-lock brakes, side airbags for all seats, and driver knee airbags. This car costs between 100-200 million NGN.
- Range Rover
When it comes to attending business meetings and local functions, Orji Uzor Kalu enjoys cruising his beloved Range Rover. This SUV has a starting price of 80 million NGN.
- Mercedes Benz S-Class
The updated version of this car has 5 display screens, including a 12.3-inch digital instrument cluster; a new 12.8-inch OLED touchscreen; a “Hey, Mercedes” assistant, and a 1,750-watt Burmester audio system. It rides on a 4.0-litre twin-turbo V-8 engine, producing 496 horsepower and 516 lb-ft of torque.
Allen Ifechukwu Onyema – $1.2 Billion
#4 on the list of wealthy Igbo men is Allen Onyema. The man, who hails from Anambra state, was born in Benin City. He is the Air Peace Boss and CEO. Today, he is known as a Conflict Resolution Expert and has captured the hearts of Nigerians through his various charity endeavours.
Some of the cars he has been spotted with include:
- Rolls Royce
Outfitted with a twin-turbo V12 motor a gleam in obscurity rooftop and a self-destruction entryway type. About the cost, however, cash is no item to these individuals, and we believe some of you may be intrigued. You can get one of these for 160 million Naira or a custom model with just N220 million. He has up to 5 Rolls Royce models sitting in his garage.
- Toyota Hilux
The Toyota Hilux has a 2.8L diesel engine with an automatic transmission that gains 20kW more power and 50Nm more torque.
Emeka Offor – $1.1 Billion
#5 is the Anambra-born businessman Emeka Offor. He is a successful businessman and oil and energy tycoon. He is the founder and chair of The Chrome Group, an oil exploration firm headquartered in Abuja.
Some of the cars owned by the businessman include:
- Toyota Landcruiser Prado
The Toyota Land Cruiser Prado is one of the SUVs popular amongst wealthy Nigerians. The full-size SUV is not only equipped with a comfortable interior, but it also comes with great off-roading abilities, which is one reason it’s highly coveted by wealthy Nigerians.
- Mercedes-Benz S-Class
The updated version of this car has 5 display screens, including a 12.3-inch digital instrument cluster; a new 12.8-inch OLED touchscreen; a “Hey, Mercedes” assistant, and a 1,750-watt Burmester audio system. It rides on a 4.0-litre twin-turbo V-8 engine, producing 496 horsepower and 516 lb-ft of torque.
Benedict Peters – $1.1 Billion
#6 on the list is Benedict Peters from Ebonyi State but was raised in Delta State. He is one of the billionaires in Nigeria. He started his career in the oil and gas industry in the early 1990s. He worked closely with the founders of Ocean and Oil, establishing Sigmund Communecci in 1999. He is the founder and CEO of Aiteo Group, a company that focuses on Nigeria’s oil and gas sector.
In February 2008, he founded the Aiteo Group, the successor entity to Sigmund Communecci. His source of wealth is through Oil and gas.
Emmanuel Andy Uba – $1 Billion
#7 on the top 10 list is the 2011 Senator of Anambra South Senatorial District. He started his political career in college, and his major source of wealth is politics. His current net worth is $1 Billion. Andy Uba was born in Awkunana in Enugu State. But he hails from Uga in the Anambra State region of Aguata LGA.
Part of his wealth is earned through his political career, as he’s a staunch politician. In 2011, he was elected as Senator for Anambra South Senatorial District under the People Democratic Party in Nigeria. In August 2022, the Federal Capital Territory High Court in Abuja ordered the seizure of Andy Uba’s cars due to his over 50 million Naira debt from Oranto Petroleum Limited.
Ifeanyi Ubah – $709 million
Ifeanyi Uba is a Businessman, investor, entrepreneur, and philanthropist popularly known in Nigeria. The Nnewi native in Anambra State is on the list of the top 20 wealthy men in Nigeria. He owns the Nigerian football team Ifeanyi Ubah F.C. and is an avid sports fan.
He is also the CEO and owner of Nigeria’s top oil and gas business, Capital Oil and Gas Industries Limited. He started making money by selling tire supplies and vehicle replacement parts.
Ambrosie B. Orjiako – $700 million
Ambrose Bryant Chukwueloka was born on the 1st of October 1960. His source of wealth is investments in oil and gas. He is one of the top 10 richest Igbo men. He is the chair and co-founder of SEPLAT, a leading Nigerian independent oil and gas company. This firm is listed on the London and Nigerian stock exchanges. He has established and managed various companies in the oil and gas industry in Nigeria.
Ambrose Bryant Chukwueloka’s net worth is currently estimated at $700 million as of 2024. Some of his known assets include a Bentley and Range Rover SUV.
- About the Bentley and Range Rover SUV
Bentley is one of the most luxurious sedan vehicles you’ll find on the market today. The vehicle is classified in the same category as the Rolls-Royce. Even though it does not have good fuel economy, the Bentley is a luxury sedan coveted by the wealthy.
The Range Rover SUV is a luxury vehicle that is popularly owned and driven by wealthy Nigerians. The SUV oozes luxury and has one of the most beautiful interior looks, which makes it stand out. The Range Rover SUV is one of the SUVs found in the collection of many wealthy Nigerians.
Pascal Dozie – $690 million
Pascal Dozie was born on the 9th of April 1939. He is a banker and entrepreneur from Owerri, Imo State, Nigeria. He is best known as the founder of Diamond Bank. Before starting his bank, he had a long-running career in the banking industry.
Pascal Dozie’s net worth The entrepreneur has a net worth of $690 million as of 2023. Although Pascal Dozie is affluent, details of his cars and homes are scarce, especially since he handed over the day-to-day operations of his businesses to his children.
Chinedu Benson Madubuko – $680 million
Chief Chinedu Benson Madubuko is the Chairman and Chief Executive Officer of De-Chico Investment Limited. He’s an astute entrepreneur and manufacturer who hails from Adazi-Ani in Anaocha Local Government Area of Anambra State. He has been shortlisted as one of the most outstanding entrepreneurs who have done exploits in his business.
His chain of business investments include his building materials business which manufactures and distributes roofing sheets, insulation, sheathing, and other materials. He was in charge of De Chico Group before handing it over to his son, Chibuzor Madubuko, popularly known as Man Like Chico. He currently has a net worth estimated at $500 million.
Innocent Chukwuma – $680 million
Innocent Ifediaso Chukwuma is popularly known as Innoson. He is the founder and CEO of Innoson Motors. He was born in Uru-Umdim, Nnewi, Anambra State. He started his business by trading in car spare parts before he grew his car production company partly through the influence of the then Governor of Anambra State, Peter Obi.
Today, he owns the largest automobile company in Africa and has produced some worthwhile luxury vehicles that attract local and international customers.
Cosmas Maduka – $600 million
Cosmas Maduka was born on the 24th of December 1958 Age: 64 years. He is a successful businessman and philanthropist from Nnewi, Anambra State. He is one of the top 20 richest men in the world in 2023. Maduka is the president and chairman of the Coscharis Group. His firm has interests in manufacturing, ICT, auto components, petrochemicals, auto consideration, automobile sales and services, and agro-allied businesses.
He began his career when he was only six years old, two years after the demise of his father. In 2015, his company became the sole distributor of the BMW in the country and the first to build an Assembly Plant for the Ford Ranger. Cosmas Maduka’s current net worth is estimated at $600 million, and he owns a fleet of luxury vehicles that includes a Jaguar XF, Rolls Royce Cullinan, and Mercedes-Benz S-class.
- About Jaguar XF
The engine for the Jaguar XF begins with an 8-speed shiftable programmed transmission and an all-wheel drive to coordinate, however, the Prestige trim accompanies a back tire drive. It can likewise kick out a terrific 296 strength rating and convey up to 295 feet for every pound of motor force.
It is needed to run on premium unleaded fuel, can hold more than nineteen gallons, and has an EPA rating of just 24 consolidated miles for every gallon. The Jaguar XF comes completely outfitted with its setup of various inside and solace highlights, novel choices, and well-being guidelines to make inhabitants both agreeable and secure. While being charged as a smooth and agreeable ride, the XF can situate five individuals within.
- About Rolls-Royce Cullinan
The Rolls Royce engine features a V12, 6.8-liter motor that will energize even the most observing drivers with 563 horsepower. You and your kindred travellers can appreciate the unrivalled ride in a bespoke inside.
Various A-grade calfskin and hand-created wood materials are accessible to spruce up the inside. These materials are joined with extraordinary hardware like progressed acoustics, a starlight main event, a back mixed drink region, a back theatre setup, a display with tweaked craftsmanship, an illuminated mirror, and a force footstool, thus significantly more.
- About Mercedes S-Class
The petroleum engine can convey 362 bhp with 300 Nm on the S 450 4MATIC variation and 429 bhp with 520 Nm on the S 500 4MATIC model. This motor likewise utilizes a 48-V electric engine for introductory force help. The 3.0-litre diesel motor beats 282 bhp and 600 Nm on S 350d 4MATIC trim the equivalent powerplant puts out 326 bhp and 700 Nm of pinnacle force on S 400d 4MATIC.
Tony Ezenna – $430 million
Tony Ezenna is the founder of Orange Drugs Nigeria Limited. His company distributes beauty and pharmaceutical products imported from Italy, Indonesia, Germany, and the United States of America. Besides doing business, he is a well-known philanthropist.
Tony Ezenna’s net worth is estimated at $430 million. Some of the assets of this wealthy businessman include a house worth over N3 billion in Bourdillon, Ikoyi, Lagos. He also owns a fleet of luxury vehicles, that includes a 2019 Rolls Royce Phantom.
- About the 2019 Rolls-Royce Phantom
The 2019 Phantom is not only the ultimate status symbol, it’s the Holy Grail of handcrafted luxury automobiles that is powered by a 563-hp twin-turbo V-12 paired with an eight-speed automatic and rear-wheel drive and equipped with the most exquisite and luxurious interior.
14 Richest Igbo Men in 2024
| Name | Net worth |
|---|---|
| Arthur Eze | $4.6 Billion |
| Cletus Ibeto | $1.8 Billion |
| Orji Uzor Kalu | $1.2 Billion |
| Allen Ifechukwu Onyema | $1.2 Billion |
| Emeka Offor | $1.1 Billion |
| Benedict Peters | $1.1 Billion |
| Emmanuel Andy Uba | $1 Billion |
| Ifeanyi Ubah | $709 million |
| Ambrosie B. Orjiako | $700 million |
| Pascal Dozie | $690 million |
| Chinedu Benson Madubuko | $680 million |
| Innocent Chukwuma | $680 million |
| Cosmas Maduka | $600 million |
| Tony Ezenna | $430 million |
Conclusion
These are the top 15 richest Igbo men in Nigeria today, their current net worth in 2024, and their cars. These men have acquired massive.
