Top 3 Richest Forex Traders in Nigeria, Net Worth and Expensive Cars

Nigeria is one of the countries that houses some of the richest Forex traders, with many of them already millionaires and billionaires from FX trading. Forex trading is a very tricky venture that requires expertise to succeed. Luckily, the people listed in this article are some of the wealthiest FX traders in Nigeria.

In this article, we share with you a bit about them, their net worth, and their cars.

Damilare Ogundare – $1 Million

#1 on the list is Damilare Ogundare the 24-year-old Nigerian who started trading Forex as a teenager and has today acquired a lot of wealth through the venture. He is globally recognized for his top-earning track record in the vast frontier of forex.

Today, he is one of Nigerian’s self-made millionaires and the youngest on this list. He has built a strong reputation as the founder of Habby Forex Trading Academy, where he also serves as CEO. He offers both online and physical classes with three locations in Lagos.

Ince growing in Forex trading, he has become a youth ambassador for the Economic Community of West African States as well as a partner with multiple leading currency brokers, like ICM and Infinox.

When it comes to cars, Damilare Ogundare has cars that include:

•  2019 Audi R8 Spyder Convertible Quattro

Big Congratulations to Habbyforex CEO Damilare Ogundare for purchasing the 2019 Audi R8 Spyder Convertible Quattro worth 250M Naira 6 months after spending ₦310 Million for a 2020 Lamborghini Urus in 2023. Ola Of Lagos who made the post on his official Instagram page disclosed that the 2019 R8 Spyder Convertible has an AC vent built into each door. The cold air comes out of the vent when the door is closed.

•  The 2020 Lamborghini Urus

Earlier this 2023, Damilare Ogundare splurged over N310 million on a brand new Lamborghini Urus that he purchased from Mayfair Autos, a popular car dealership in the heart of Lagos. He purchased the popular car influencer, Ola of Lagos, who had earlier done an advert for the vehicle. Ola went ahead to announce Damilare’s purchase of the Urus on his Instagram page, celebrating the Forex trader.

• Lexus 1S 250

Another vehicle that has been spotted on his social media page is the Lexus IS250 he had as a teenager, while he started making money from trading. It’s been a while since the millionaire has been seen with such a car, as he made mention of selling off some of his old cars.

• Range Rover

Damilare Ogundare also owns a Range Rover SUV worth over N100 million. He purchased the Range Rover when he started earning a lot more from Forex trading and has maintained the vehicle to date.

• Toyota Hilux

Just like every Nigerian billionaire, there’s always a need for a Hilux and Damilare owns a Toyota Hilux in his car garage that he uses for business purposes only.

• Mercedes CLA45

In 2022, Damilare paid over N80 million for the brand-new Mercedes CLA45 that he purchased through Ola of Lagos. The Benz sedan is red-coloured and that was the last car purchase Damilare made before purchasing his Urus earlier this year.

Dapo Willis – $900,000

Dapo Willis is another popular Forex Trader in Nigeria with a net worth of $10 million. He’s an accomplished market analyst, keynote speaker, and financial coach, he’s shown himself to be highly capable in regards to both mastering the market and educating beginners or struggling investors.

Dapo has a clear understanding of profitable trade techniques and has gained widespread respect in the market, with several high-profile investors seeking out his proven expertise and guidance. As such, manages the massive funds of Nigeria’s richests, including billionaire Aliko Dangote.

He started trading in Nigeria and later relocated to the UK for continued education and currently resides in Dubai. He’s accumulated several endorsement deals along with his prominence, and he professionally applies his highly sought-after, proven-profitable tactics to the fund management of several high-profile investors.

Dapo Willis has been spotted with luxury cars like the 

• Toyota Highlander

The Toyota Highlander is one of the most popularly driven SUVs by many wealthy Nigerians. They mostly love driving this vehicle when they are within the country because of its off-roading features that make navigating Nigerian roads easy and safe. 

• BMW 7 series

Dapo Willis has been spotted with the BMW 7 series worth millions. However, the billionaire was seen arriving a place with the car outside of Nigeria, as this luxury vehicle is more fitted for roads outside of Nigeria.

• Mercedes Maybach S-Class

If there’s any other sedan that is proudly known for being a favourite amongst many billionaires, then it’s certainly the Mercedes Maybach S-class that’s worth millions of Naira, and Dapo has been spotted with this vehicle series of times.

• Mercedes-Benz G-Wagon.

Another car in the billionaire’s collection is the Mercedes G-Wagon popularly known amongst the wealthy. It’s the luxury off-roading SUV of choice driven by many billionaires in Nigeria. Dapo Willis has a white-painted G-Wagon to his name.

Jeffrey Benson – $500,000

Another hardworking, top-rated forex trader is Jeffrey Benson. He started trading in 2017 and later gained financial freedom as a multi-millionaire at just 20 years old. He’s from Edo State and received his primary and secondary school education in Nigeria and a law degree from Delta State University. 

Benson is also the founder of a popular currency trading school dedicated to instilling and enhancing the critical skills necessary to succeed in the currency market. He is considered among the highest-earning forex traders in Nigeria, and as a result, he has been featured on various finance programs. 

Here are some of the cars owned by Jeffrey Benson:

• Jeff Benson Range Rover Velar

Buying a home is not the only forex trading challenge Jeffrey has engaged in. In April 2023, he set a new challenge to trade throughout April and purchase a car. He made a profit of $818,941.75 and withdrew $810,000 on the 30th of April, 2023. In May 2023, he used the proceeds to purchase a brand-new 2022 Range Rover Velar. 

• Jeff Benson Mercedes CLA45

In September 2023, he purchased a new Mercedes CLA45 worth millions of Naira from Mayfair Autos Ltd, a popular car dealership in Lagos. He also wrapped the CLA45 with yellow vinyl, carried out by Khaz_customs, the same automotive car upgrade shop that wrapped Nigerian singer Wizkid’s Lamborghini Urus.

Conclusion

These are the top 10 Forex traders in Nigeria today who have acquired a lot of wealth through trading. Interestingly, a majority of them show off their wealth through their number of luxury cars and houses.