2022 Richest Businessmen In Nigeria – Richest Net Worth And Expensive Cars

The net worth of the richest businessmen in Nigeria is enough to alleviate poverty in the country! These men are the owners of big industries and corporations that have provided job opportunities for many youths in the country, and even made room for foreign investors. Some of the richest businessmen in Nigeria make up the list of even the richest people in Africa. Do you want to know who the richest men in Nigeria are? Read on to find out in this article.

Aliko Dangote

Aliko Dangote has been ranked the richest man in Africa. He is a serial and skilful businessman. The elite business magnate who has consistently ranked as the richest man in Africa hails from Kano State, Nigeria. Aliko Dangote was born on 10th April 1957 to a wealthy Muslim family. Aliko’s business venture started when he was 8. The start of Dangote Group dates back to a small trading unit in 1977. Now the business has become a conglomerate, handling the welfare of thousands of people.

Aliko Dangote has been awarded several accolades including; the “Grand Commander Of the Order of the Niger” (GCON) by former President Goodluck Jonathan in November 2011. When it comes to the richest man in Nigeria and Africa, the name that immediately comes to mind is Aliko Dangote. 

• Aliko Dangote Net worth: According to Bloomberg, Aliko Dangote’s current net worth is estimated at $ 16.4 billion. 

Aliko Dangote Expensive Car List: 

• Bugatti Veyron
• Maybach 57S Knight Luxury
• Bentley Mulsanne
• Mercedes-Benz CL65 AMG
• Aliko Dangote Cars and Private Jet in 2021 – Dangote Car Gallery

Mike Adenuga

Mike Adenuga is the CEO of Nigeria’s second-largest telecom operator after MTN. His massive net worth has made him an economic force to reckon with in Nigeria. He made his fortune in the oil business and telecommunications. His company, Globacom is a major competitor to MTN and has over 52 million subscribers. Globacom also has a presence in Benin, Ivory Coast and Ghana. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). 

Mike Adenuga has prestigious titles and honours to his name including Grand Commander of the Order of the Niger by the government of Nigeria; a Yoruba tribal chieftaincy as the Otunba Apesin of the Ijebu clan etc.

• Mike Adenuga Net Worth: Mike Adenuga is currently the second richest man in Nigeria with an estimated net worth of $6.5 billion.

Mike Adenuga Expensive Cars List: 

• Armored Bentley Mulsanne
• Mercedes Maybach S-class
• Mercedes Benz AMG C63
• Rolls Royce Phantom

Abdul Samad Rabiu

Abdul Samad Rabiu is a Nigerian billionaire, entrepreneur and seasoned industrialist well known for his expertise in commodity trading. He is the founder and Chief Executive Officer of BUA  Group, a Nigerian conglomerate with an interest in agriculture, infrastructure, manufacturing, logistics, and port operations. 

Through thick and thin, Abdul Samad Rafiu successfully built his business till it evolved into what is now known as the BUA Group. BUA Group is a diversified conglomerate with subsidiaries in cement making, sugar refining, oil milling, real estate, and port and terminals. They are also into billets, steel, and iron ore importation, and supplying multiple rolling mills in the country. BUA Group has several well-known subsidiaries including; BUA sugar refinery; BUA Port and Terminals Limited; BUA Estates; BUA Cement; BUA Oil Mills Limited.

• Abdul Samad Rabiu Net Worth:  Abdul Samad Rabiu’s net worth testifies that he is indeed amongst the richest businessmen in Nigeria. His net worth is estimated at  $4.4 billion.

Abdul Samad Rabiu Expensive Cars List: 

• A Mercedes Benz G-Wagon
• A Mercedes Benz S-class
• A Toyota Prado SUV
• Range Rover Sport

Femi Otedola

Femi Otedola is a popular name in Nigeria. His name is associated with wealth and affluence seeing as he is a successful businessman. Femi Otedola’s main source of wealth is oil and gas; he is the Chief Executive Officer of Forte Oil plc, formerly known as African Petroleum. Femi Otedola was born in the family of Sir Michael Otedola and Lady Doja on the 4th of November 1962 in Ibadan, Nigeria. His father served as governor of Lagos State from 1992 to 1993. He studied at Obafemi Awolowo University from 1980 to 1985.

Femi Otedeola is popularly mentioned by Nigerian musicians- many of them desiring to be wealthy as him. He is the father of popular disc jockeys; DJ Cuppy.

• Femi Otedeola Net Worth: His net worth is estimated to be $1.8 billion

Femi Otedeola Expensive Cars List:

• a bulletproof Mercedes Benz AMG 63,  
• Mercedes-Benz Mclaren SLR
• Customized Rolls Royce

Jimoh Ibrahim

Jimoh Ibrahim is another rich businessman to reckon with in Nigeria. He was born in a remote village in Ondo State on the 24th of February 1967 to a local fish seller mother and a bricklayer father. He had his primary and secondary school in Ondo state and then went on to obtain his degree in international law at the prestigious Obafemi Awolowo University.

Jimoh Ibrahim is the CEO of Global Fleet Group. He is also the director at the prestigious Nicon group which has a number of subsidiaries. They include Nicon Academy, Nicon Airways, Nicon Energy, Nicon Hotels, Nicon Insurance, Nicon Investment, Nicon PFA, Nicon properties, Nicon Trustee, Nicon United Kingdom, and Nicon Sao Tome.

• Jimoh Ibrahim Net Worth: His net worth is valued at $1.1billion

Jimoh Ibrahim Expensive Cars List:

• Rolls Royce
• Range Rover

Cletus Ibeto

From an unprecedented beginning as a motor parts dealer, Cletus Ibeto is now one of the richest businessmen in Nigeria. A billionaire, he is the owner of one of the largest conglomerates, The IBETO Group. Cletus Ibeto sits as chairman as well as the Founder of IBETO Group, and the company is involved in real estate, banking and finance, cement production, automotive coupling, Petrochemicals etc. The IBETO Group has been referred to as the largest outfit in the manufacture of automotive spare parts in Nigeria.

• Cletus Ibeto Net Worth: Cletus Ibeto has an estimated net worth of $3.7 billion

Cletus Ibeto Expensive Cars List:

• Rolls Royce
• Mercedes Maybach S- Class
•  Innoson IVM G40

Jim Ovia

Regarded as the Godfather of banking in Nigeria, Jim Ovia is a prominent voice and one of the richest businessmen in Nigeria. He founded Zenith Bank in 1990. He served as the Chief Executive Officer until his retirement in 2010. Jim Ovia was able to build Zenith bank to be one of the most profitable, largest and leading banks in Nigeria and Africa. The bank also has operations in other countries including Sierra Leone, Ghana, South Africa, the Gambia and the United Kingdom. 

Asides from banking, Jim Ovia is also a member of the Governing Council of Lagos State University and a member of the Board of Trustees, at Redeemer’s University For Nations, Lagos. He is a philanthropist and has kick-started various initiatives to help the youth and the less privileged.

• Jim Ovia Net Worth: His net worth is estimated at $980 million, which is approximately 490 Billion NGN.

Jim Ovia Expensive Cars List : 

• Rolls Royce Phantom
• Mercedes Benz G-Wagon

Arthur Eze

Arthur Eze represents a force to be reckoned with in the Nigerian Oil and Gas sector. He is the Chief Executive Officer of Atlas Oranto Petroleum, one of the biggest privately-owned petroleum companies in Nigeria.

Born on the 27^th of November 1948 in Ukp, Dunukofia LGA, in Anambra State, Arthur Eze had his secondary school education at St. Augustine Secondary School in Nkwere, Imo State in 1970 after which he went for his degree in Mechanical and Chemical Engineering at  California State University from 1974.

Besides being a rich businessman, Arthur Eze is also from a royal family, hence he is often called Prince Arthur Eze. His traditional title is ‘Ozoigbondu’ of Ndi Igbo.

• Arthur Eze Net Worth: Arthur Eze has an estimated net worth of $5.8 billion

Arthur Eze Expensive Cars List:

• 5 Rolls Royce
• Mercedes Benz