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The richest people in Nigeria & their worth – #4 is a newcomer

Richest people in Nigeria: Forbes released the list of Africa’s richest people and with no surprise our very own Aliko Dangote is at the top of the list. Nigeria also beats South Africa for the first time since the inception of Forbes Richest people in Africa by claiming 13 spots on the list while South Africa has claims to 11 spots.


Nigeria produced two new comers to the list of Africa’s richest Orji Uzor Kalu and Tony Elumelu and three new billionaires: Theophilus Danjuma, Uzor Kalu and Tony Elumelu.

Abdulsamad Rabiu left the Billionaires club as he dropped beow $1 billion due to ceased operations at his floating cement terminal in Nigeria

Nigeria’s Sani Bello was on the list last year but he fell from the ranks of Africa’s richest in 2014.

He recently sold his shares in a Nigerian oil exploration firm and stepped down as director of the company.

His Sani Bello foundation provides small loans and grants to young Nigerian entrepreneurs. His estimated worth, which was $500 million on 2013, fell below $400 million this year

The oldest person on the list is 75 – Theophilus Danjuma. The youngest is Femi Odetola, age 48. There is only one woman on the list

Meet Forbes List of Nigeria’s Richest People

13. Oba Otudeko

Richest people in Nigeria

Net Worth: $550 Million (As of November 2014)

Rank In Nigeria: #13

Rank In Africa: #46 (#33 in 2013)

Oba Otudeko is the founder and chairman of Honeywell Group.

The conglomerate’s operations stretch across oil and gas, flour milling, real estate and marine transportation.

Another piece of his fortune is in the oceanfront Radisson Blu in Lagos, Nigeria.

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  1. #StillRome says

    Just discovered these men are not the most hard working set, just that they were devinely placed. They were mostly made by connections. My take therefore is, look for people to make you, and keep your personality liberal and pleasing. God be with us all.

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