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The richest people in Nigeria & their worth – See who is number 1 (+Photos)

11. Tunde Folawiyo

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Net Worth: $650 Million

Rank In Nigeria: #11

Rank In Africa: #39 (#50 in 2013)

Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, conglomerate with interests in energy, agriculture, shipping, real estate and engineering.

His father, Wahab Folawiyo, a well known Nigerian businessman and Islamic leader, started the group in 1957 as a commodities trading outfit and served as chairman until 2008 when he passed away. Folawiyo now calls the shots.

The company’s oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field.

Other assets include minority stakes in Nigeria’s Access Bank and mobile phone carrier MTN Nigeria.

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5 Comments
  1. Halima says

    Nigeria is a rich nation!! With all these prominent Nigerians our world can be better with proper utilization..

  2. kachi says

    Where is ABC Orjiako?

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