Nigeria’s Richest People

Riches, mansions, private jets and big hearts.

By  | May 19, 2020, 03:03 PM  | Top of The

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Nigeria’s richest people all have one thing in common - they’re business people. Making investments in their country and doing their bit to give back to people in need.

From their investments, luxury houses and fleets of cars, Naija’s wealthiest people are living large.

They’ve even made it onto the prestigious Forbes list, of wealthiest people in the world.

Take a look at some of Nigeria’s most wealthiest people.

Aliko Dangote

It comes as no surprise that in 2019, Forbes magazine announced the businessman as Nigeria’s richest person.

With an estimated net worth of $10.9 billion, Aliko is also the wealthiest black persons in the world.

Born into a wealthy family, Aliko studied towards a business degree at an Egyptian university. When returned to his home country, he asked his uncle for money in order to import and sell commodities.

His first business venture was such a success, he managed to repay his uncle in just a few months.
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Through all of his business ventures, Aliko reinvests back into his businesses and into the Nigerian economy.

He founded his Dangote Group in 1977, and serves as a supplier for many soft drink companies. His business is also the largest refinery in the country, and he’s branched out to do more business in the telecommunications industry.

He made headlines in 2019, when he promised Nigerian football players $75 000 for every goal they score at the African Cup Of Nations tournament. 

Aliko lives in a multi-million dollar mansion in Abuja, and his house even boasts a home office, which has been visited by former Nigerian President Goodluck and Bill Gates.

He has a pretty impressive car collection – he owns a few Bentley’s, Mercedes-Benz and a Maybach.  And like the one percent, his collection is rounded off with his private jet and a yacht.

Folorunso Alakija 

Nigeria’s wealthiest female is businesswoman Folorunso, with an estimated fortune of $1 billion.

She started her career as an executive secretary before launching her own tailoring company.

Through this business she earned respect as always promoting Nigerian culture through fashion and style.
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She diversified her business interests and went into the oil business, and she gives back through the foundation Rose of Sharon Foundation.

This is Folorunso’s opportunity to provide orphans with scholarships and widows with business grants.

Folorunso joins Oprah Winfrey and Isabel Do’s Santos as one of three black female billionaires in the world.

She married her lawyer husband in 1976, and their marriage has been blessed with four children. With her husband, Folorunso is believed to live in the most expensive house in Africa. The house in Ikoyi is bulletproof and is well-known for not having windows.

Mike Adenuga 

With an estimated net worth of $8.9 billion, Mike is the owner of the mobile network company Globacom. The company boasts an impressive 45 million subscribers, with their interests also in Ghana and Benin’s

From humble beginnings, Mike worked as a taxi driver while he was a student in the United States. And it was only in the late-30s that Mike’s business took off when he got his drilling license and they found oil.
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With a mansion in one of Nigeria’s most exclusive suburbs Banana Island, Mike’s estate has it all. Houses for overnight guests, a church and a mosque, and even a grand hall with a seating for 200 guests. These amenities on his property came in pretty handy when one of his eight children got married on the property.

Mike’s impressive car collection includes the luxury vehicles Mercedes, Maybach, a Bentley and the Rolls Royce Phantom. He also has three private jets, because one is simply not enough.

Hajia Bola Shagaya 

The businesswoman and founder of the Bolumus Group International is worth an estimated $630 million. Through her company, she has interests in real estate, oil, gas and banking.
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Some of her six children have also taken an interest in the family business, specifically expanding their real estate interests around the world.

And as the founder of Practoil Limited, Hajia is one of the largest importers and distributors in Nigeria.

Femi Otedola


One of Nigeria’s most generous people, businessman Femi’s net worth is an estimated $300 million.

He owns luxury homes in some of the worlds most fashionable places, including Lagos, Abuja, London, Dubai and New York.

He has donated millions of Nairas for students to receive a quality tertiary education.
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He has a very big heart. He also made a very generous donation, believed to be the largest charitable donation in Nigerian history, to the Save The Children Fund. He made this donation through his daughter’s foundation – the DJ Cuppy Foundation. DJ Cuppy, who is the most popular female DJ in Nigeria, is one of Femi’s four children.

He also has a fleet of luxury vehicles and a yacht, to sail off into the sunset.

Fifi Ejindu

The architect and businesswoman was born into a royal family, and also goes by the title Princess Fifi. Her maternal grandfather was a traditional ruler.

Fifi studied towards an architect qualification in the United States, whereafter she founded the Starcrest Group of Companies.
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The business has interest in real estate, oil, gas and construction.

And in true super-rich style, Princess Fifi hosted the most glamorous 50th birthday for herself at the super exclusive seven star hotel Burj Al Arab in Dubai in 2012, with a guest list of the who’s who of business and wealth.

When it's the life of the rich and famous, they work hard for that coin and they also know how to reward themselves with the finer things in life.

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