There are many wealthy families in Nigeria whose money traces back in time. These families have acquired their wealth either through generational wealth or business engagements done by their families before new ways of acquiring wealth went mainstream. The wealth these families have acquired has been equally transferred to their children.
Below are some of the wealthiest families in Nigeria, their cars, and their net worth.
- The Aliko Dangote Family ($12.6 Billion)
There’s no list of the wealthiest old-money family in Nigeria without the mention of the Aliko Dangote family. While Aliko Dangote is popularly known, not much is known about the family of the richest man in Africa.
The business tycoon has wealth scattered across the globe and a net worth of $12.6 billion. The billionaire has a daughter, Fatima Dangote, born to him by Zainab, a popular businesswoman in Kano. Fatima owns a pastry business and is the CEO of her Cupcake Factory. Presently, she’s the Director & Executive-Director Commercial at NASCON Allied Industries Plc.
She is also on the board of Savannah Sugar Co. Ltd. and a Member of the Nigerian Bar Association. Before focusing on her business, she held an associate position at Banwo & Ighodalo after completing her Bachelor’s degree in Law from the University of Surrey. She joined the Dangote Group in 2014 and is the Special Assistant to the Managing Director-Cement and later worked as the Corporate Strategy Specialist in the company.
Below are some of the cars the family owns:
- Maybach 57S Knight Luxury
- Mercedes-Benz CL65 AMG
- Bugatti Veyron
- Bentley Mulsanne
- Toyota Landcruiser Prado
- Mike Adenuga’s Family ($5.7 Billion)
Mike Adenuga’s family is another wealthy family in Nigeria. The rich Yoruba man is the owner of Globacom, and Conoil Producing, an oil exploration business. He has an eldest daughter, Oyin Adenuga, whom he shares with Folake Marquis. She worked at Equatorial Trust Bank as a Senior Manager and later worked with Consolidated Oil as an Executive Director. Presently, she runs Imaginative Buying Services. His youngest daughter, Sade Adenuga, is a lawyer in the United States.
Below are some of the cars the Adenuga family owns:
- Armoured Bentley Mulsanne
- Mercedes Maybach S-Class
- Mercedes-Benz AMG G63
- Rolls-Royce Phantom
- Two Private Jets
- The Femi Otedola Family ($1.8 Billion)
Femi Otedola’s family is another wealthy family in Nigeria today. The billionaire is the founder of Zenon Petroleum and Gas Ltd and the former chairman of Forte oil. He has three daughters and a son with his wife, Nana Otedola.
His eldest daughter, DJ Cuppy, has a net worth of ₦700 million and has cars like the 2019 Ferrari Portofino (bought by Femi Otedola), Rolls Royce Phantom VIII, Mercedes Benz G-wagon, and many others. His youngest daughter, Temi Otedola, has a net worth of $2 million, and some of her cars include Ferrari Portofina (bought by Femi Otedola) and a Range Rover Evoque.
Below are some of the cars owned by Femi Otedola:
- Mercedes-Benz AMG G63
- Mercedes G-Wagon
- Mercedes SLR McLaren
- Rolls-Royce Phantom
- BMW 6 Series
- A Private Jet & Yacht
- The Tony Elumelu’s Family ($700 Million)
The Elumelu family is another set of wealthy people in Nigeria. Their father, Tony Elumelu, is the executive of Heirs Holdings, Chairman of UBA Groups, Chairman of Transcrop, and the founder of the Tony Elumelu Foundation. He has two daughters, Oge and Nneka Elumelu, whom he shares with his wife, Dr. Awele Elumelu, CEO of Avon Healthcare.
Both of his daughters are involved in his business as well. Here are some of the cars the family owns:
- Range Rover Sports
- Mercedes Benz S-Class
- BMW M3
- The Mo Abudu Family ($650 Million)
Mo Abudu is another wealthy woman in Nigeria. The Media tycoon owns EbonyLife Television, an entertainment television station, where she has created and produced entertaining content. Her film production company is EbonyLife Films. She has a daughter named Temidayo Abudu from her previous marriage.
Her daughter has equally created a name for herself in the entertainment industry. She is a London graduate of Management and Marketing, and she’s EbonyLife’s producer. While much is not known about the cars they own, her mother, Mo Abudu, owns some cars that include:
- Rolls-Royce
- Mercedes-Benz SUV
- Mercedes-Benz S-Class
- The Willie Anumudu Family ($500 Million)
Another wealthy family in Nigeria is the Willie Anumudu family. The late Willie was popularly known as “Eze Ikoyi.” Before his death, the billionaire businessman from Mbieri in Mbaitouli LGA, Imo State, was the chairman of Globe motors. He has a daughter, Ozinna Anumudu, the lead consultant and founder of The Style Concierge.
She got her bachelor’s degree from George Washington University in the US and pursued a Master’s Communications degree at Science Po in Paris. She runs the popular Nigerian blog, Ozinna.com and promotes Nigerian-made designs, and has grown a large following on social media and the fashion industry.
Although much is not known about the cars owned by the family, here are cars they can afford with their net worth:
- Rolls-Royce Phantom
- Range Rover Sport
- Mercedes-Benz G-Wagon
- Lexus GX470
- The Deola Sagoe Family ($250 Million)
Another wealthy family in Nigeria is the Deola Sagoe family. Deola Sagoe is a fashion icon and popular Nigerian fashion designer. She has three daughters, Teni, Aba, and Tiwa Sagoe, who all tow their mother’s path in the fashion industry. They are the brain behind the ready-to-wear fashion brand CLAN. While much is not known about the cars they own, with the family’s estimated net worth, here are the cars they can afford:
- Range Rover Velar
- Toyota Land Cruiser 70th Anniversary
- Bentley Continental
- Mercedes S-class
- The Kuburat Shokunbi’s Family ($200 Million)
Kuburat Shokunbi is a popular celebrity fabric merchant in Nigeria who has acquired a lot of wealth through her fabric business. She has a daughter named Tosin Shokunbi, who joined her mother’s business, which is popularly known as Kubis. While much is not known about the family’s cars, here are cars they can afford with their net worth:
- Range Rover Velar
- Mercedes-Benz S-Class
- 2022 Lexus GX470
- 2022 Toyota Highlander
- The Morufat Kalejaiye Family ($200 Million)
Another fabric boss in Nigeria is Morufat Kalejaiye, who runs a popular fabric business known as Morkals Fabric. She has a daughter known as Joke Kalejaiye, and together, they both run their fabric business which has generated a lot of wealth.
Much is not known about the cars the family owns, but here are cars they can afford with their net worth:
- 2022 Range Rover Evoque
- 2022 Lexus GX470
- 2022 Toyota Land Cruiser 70th Anniversary
- The Yemi Osibanjo’s Family ($1.8 Million)
Yemi Osibanjo, the current Nigerian Vice President under the Buhari administration, is another wealthy Nigerian. He has acquired this through his various political engagements. The current Nigerian VP has a daughter, his second daughter, Kiki Osibanjo, who is a beauty entrepreneur. She is the CEO of Glam’d Africa Beauty House and Konyin Skincare products.
Below are some of the cars owned by Prof. Yemi Osibanjo:
- Mercedes-Benz S-Class S550
Conclusion
The above names are some of the old money families we have in Nigeria today and their net worth and cars. Most of these families live off social media. However, they’ve had wealth flowing through their family for ages.
