4. Theophilus Danjuma
Net Worth: $1.1 Billion
Rank IN Nigeria: #4
Rank In Arica: #21 (#29 in 2013)
Theophilus Danjuma, a former Nigerian defense minister, is the founder and owner of South Atlantic Petroleum (SAPETRO).
It owns a 15% stake in the Akpo deepwater oil field alongside operator Total and China’s CNOOC.
He also owns a stake in Notore Chemical Industries, a manufacturer of urea fertilizer, as well as a stake in NALComet, one of Nigeria’s largest shipping companies.
His net worth has risen since last year due to more detailed information about SAPETRO’s assets.