Nigeria has a total of four billionaires in Africa as listed by Forbes magazine. These include; the richest man in Africa and the richest black man in the world Aliko Dangote, Globacom Chairman Mike Adenuga among others. Read on to find more about the richest men in Nigeria and the list of the top 10.
The Richest Men in Nigeria
Aliko Dangote -$8.3 Billion
Since 2013, Dangote has the maintain his position as the richest person in Nigeria and Africa. He has an estimated net worth of US$8.3 billion May, 2020 making him the 162nd wealthiest person in the world and the richest person in Africa.
He is famous for the Dangote cement and sugar, subsidiaries of the Dangote Group, of which he is the Chairman.
He has been named the most powerful person in Africa for five conservative times beginning 2013.
Dangote was awarded Nigeria’s second-highest honour, the Grand Commander of the Order of the Niger (GCON) by the former president, Goodluck Jonathan.
It will interest you to know that Aliko Dangote is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955.
Mike Adenuga – $7.7 Billion
The second richest person in Nigeria, Africa’s largest country by population is Mike Adenuga.
His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin.
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He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.
Abdul Samad Rabiu- $3.1 Billion
Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $3.1 billion.
He is also the chairman of the Nigerian Bank of Industry (BOI).
Number 4 of Richest men in Nigeria
Femi Otedola – $1. 8 Biliion
Femi Otedola is the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company.
Originally a Nigerian subsidiary of British Petroleum (BP), Forte Oil has more than 500 gas stations across the country.
It owns oil storage depots and manufactures its own line of engine oils.
In 2013, Otedola led the company to purchase a government-owned stake in a gas-fired power plant in Kogi state in central Nigeria.
Folorunso Alakija – $1.0 Billion
Alakija is involved in the fashion, oil, real estate and printing industries.
She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
She also has a majority stake in DaySpring Property Development company.
Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1 billion.
As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.
Other Richest Men in Nigeria Who are not on Forbes List
Jimoh Ibrahim – $1.1 Billion
Jimoh is a lawyer, politician, businessman, and philanthropist in Nigeria.
He is the chairman and chief executive officer of Global Fleet Group, a diversified conglomerate based in Nigeria, with business interests and subsidiaries in neighboring West African countries.
Number 7 Richest Men in Nigeria
Uzoma Dozie – $1.1 Billion
Dozie is a banker, tech investor and financial inclusion advocate. He is the CEO and Founder of Sparkle, a financial technology community and ecosystem.
Before launching Sparkle in 2019, he was the GMD and Bank CEO of Diamond Bank from 2014 and successfully implemented a merger with Access Bank Plc in 2018.
While at Diamond Bank, Uzoma also served as Executive Director of Corporate Banking and Executive Director of Regional Business Lagos & West Regions.
Orji Uzor Kalu – $1.1 Billion
Orji Uzor Kalu is the founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media.
He got his start in business at age 19 after being expelled from a Nigerian university for spearheading a series of student riots.
He borrowed $35 from his mother and started trading commodities like palm oil, rice and sugar.
He diversified into furniture manufacturing and transportation and became a millionaire by the time he was 20.
He hit the big time in the early 80s when the Nigerian military government awarded him lucrative contracts to import and supply arms and ammunition to Nigeria’s military and defense forces.
He was previously a governor of Abia state in Nigeria’s southeast.
Number 9 Richest Men in Nigeria
Jim Ovia – $ 980 Million
Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria.
He is the chairman and largest individual shareholder with a stake of slightly more than 9% stake.
He also owns prime real estate across Nigeria.
Number 10 of Richest men in Nigeria
Bola Shagaya – $ 950 million
She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983.
Her business experience started with the importation and distribution of photographic materials and she introduced the Konica brand of photographic materials into the Nigerian market and West Africa.
Teodoro Obiang Nguema Mbasogo Net Worth
what is Teodoro Obiang Nguema Mbasogo net worth?
|Net worth||$600 million|
|Occupation||president of Equatorial Guinea|
|Date of Birth||5 June 1942|
Teodoro Obiang Nguema Mbasogo net worth 2021: Teodoro Obiang Nguema Mbasogo is an Equatoguinean politician who has been the 2nd president of Equatorial Guinea since August 1979. He currently has a net worth of $600 million makin g him one of the richest presidents in the Africa and the world at large.
From a family of the Esangui ethnic clan, he was born in the town of Acoacán belonging to the colony of Spanish Guinea, on the current border with Gabon, within the Continental Equatorial Guinea. Son of the Gabonese Santiago Nguema Eneme Obama and María Mbasogo Ngui, Obiang was the third of ten brothers, among whom are also the National Security Delegate Armengol Ondo Nguema and former National Defense Minister Antonio Mba Nguema.
Obiang’s parents emigrated from Gabon to avoid paying capitation taxes and take advantage of the good economic situation in Spanish Guinea. After the death of María Mbasogo Ngui, Obiang and his brothers were raised by his father and his new wife Carmen Mikue Mbira.
Obiang completed his first studies at the Cardenal Cisneros School Group in Ebebiyin and at the La Salle Center in Bata where he obtained a degree in labor administration.
Obiang joined the military during Equatorial Guinea’s colonial period and attended the General Military Academy in Zaragoza, Spain. He achieved the rank of lieutenant after his uncle, Francisco Macías Nguema, was elected the country’s first president.
Under Macías, Obiang held various positions, including governor of Bioko and leader of the National Guard. He was also head of Black Beach Prison, notorious for severely torturing its inmates.
After Macías ordered the murders of several members of the family they shared, including Obiang’s brother, Obiang and others in Macías’ inner circle feared the president had become insane. Obiang overthrew his uncle on 3 August 1979 in a bloody coup d’état, and placed him on trial for his actions, including the genocide of the Bubi people, over the previous decade.
Macías was sentenced to death and executed by firing squad on 29 September 1979. A new Moroccan presidential guard was required to form the firing squad, because local soldiers feared his alleged magical powers.
Obiang declared that the new government would make a fresh start from Macías’ brutal and repressive régime. He granted amnesty to political prisoners, and ended the previous régime’s system of forced labor. However, he made virtually no mention of his own role in the atrocities committed under his uncle’s rule.
The country nominally returned to civilian rule in 1982, with the enactment of a slightly less authoritarian constitution. At the same time, Obiang was elected to a seven-year term as president; he was the only candidate. He was reelected in 1989, again as the only candidate.
After other parties were nominally allowed to organize in 1992, he was reelected in 1996 and 2002 with 98 percent of the vote in elections condemned as fraudulent by international observers.
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In 2002, for instance, at least one voting district was recorded as giving Obiang 103 percent of the vote.
He was reelected for a fourth term in 2009 with 97% of the vote, again amid accusations of voter fraud and intimidation, beating opposition leader Plácido Micó Abogo.
Teodoro Obiang Nguema Mbasogo Net Worth
Teodoro Obiang Nguema Mbasogo net worth is $600 million according to Forbes. However, his wealth has not been without questions.
In 2003, Obiang told his citizenry that he felt compelled to take full control of the national treasury in order to prevent civil servants from being tempted to engage in corrupt practices.
Obiang then deposited more than half a billion dollars into more than sixty accounts controlled by himself and his family at Riggs Bank in Washington, D.C., leading a U.S. federal court to fine the bank $16 million for allowing him to do so. A United States Senate investigation in 2004 found that the Washington-based Riggs Bank had taken $300 million in payments on behalf of Obiang from Exxon Mobil and Hess Corporation.
Beginning in 2007, Obiang and several other African state leaders came under investigation for corruption and fraudulent use of funds. He was suspected of using public funds to finance private mansions and other luxuries for both himself and his family.
He and his son, in particular, owned several properties and supercars in France. Several complaints were also filed in US courts against Obiang’s son. Attorneys stressed that the funds appropriated by the Obiangs were taken quite legally under Equatoguinean laws, even though those laws might not agree with international standards.
Obiang, his cabinet and his family allegedly have received billions in undisclosed oil revenue each year from the nation’s oil production. Marathon Oil purchased land from Abayak, Obiang’s personal investment vehicle, for more than $2 million; in June 2004 the sale was pending but Marathon had already made a $611,000 first payment with a check made out to Obiang. Marathon also was involved in a joint venture to operate two gas plants with GEOGAM, a quasi-state firm in which Abayak controlled a 75% stake.
Mavado Net Worth
What is Mavado net worth?
|Net worth||$2 million|
|Source of wealth||Professional Singer|
|Date of Birth||30 November 1980|
Mavado net worth 2021: David Constantine Brooks better known by his stage name Mavado, is a Jamaican dancehall singer who has a net worth of $2 million. He is signed to We the Best Music Group and formerly to Cash Money Records.
David Constantine Brooks was raised in Kingston, Jamaica’s Cassava Piece community. He cites the music of Bounty Killer as an early influence. Bounty took him under his wing to show him the ropes of the music industry and introduced him to his manager, Julian Jones-Griffith. He decided to name himself “Mavado” after the Swiss watch company Movado, with his manager altering the spelling.
In 2005, Mavado had his breakthrough with his first single, “Real McKoy”. He further established himself with the follow-up record “Weh Dem a Do”, on the Red Bull & Guinness riddim, that had the distinction of hitting Billboard.
After a string of hits in 2005 and 2006, Mavado released the album Gangsta for Life: The Symphony of David Brooks 10 July 2007 on VP Records.
The single “Dying” from the album was featured heavily on New York’s WQHT (Hot 97) R&B/hip-hop radio station.
In March 2008, Mavado was featured performing a rendition of his song “Real McKoy” for Grand Theft Auto IV Trailer #4 “Everyone’s a Rat”. “Real McKoy”, along with “Last Night” were also featured in the game on the radio station “Massive B Radio”.
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Mavado was also featured on the G-Unit track ‘Let It Go’ along with Tony Yayo and Lloyd Banks for the album: T·O·S in 2008. He was the only non-G-Unit feature on the album. In 2008 Mavado was given the UK MOBO Award for Best Reggae Act.
Mavado’s song “Progress” on the Mineral Boss Records produced “Money Boss Riddim” was featured in DJ Khaled’s Major Key album. The album was nominated for the 2017 Grammy Awards on the “best rap” album category.
In 2017, Mavado, Alkaline and Jahmiel formed a camp known as MVP, which Mavado claimed to be the “biggest thing” in dancehall at that time.
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He collaborated with Sean Paul for an inspirational song called “I’m Sanctify”. In 2019, Mavado released a song called “Top Shotta Is Back” On a Riddim called The Aircraft Riddim produced by Chimney Records.
In 2020, Mavado recorded and released a Drake diss song called “Enemy Line”.
Mavado Net Worth
Mavado net worth is currently purged at $2 million. He is among the richest Jamaican artistes. Mavado’s main source of his wealth is through music. He has released several songs which includes;
- “Weh Dem Ah Do” (2007)
- “Real McKoy” (2007)
- “Lost Dem” (2011)
- “Do Road” (2011)
- “Take It” featuring Karian Sang (2012)
- “Give It All to Me” featuring Nicki Minaj (2013)
- “Million Dollar Man” (2013)
- “Tie Yuh” (2014)
- “Ben Ova” (2014)
- “My Pan ” (2014)
- “Ain’t Going Back Broke” featuring Future and Ace Hood (2015)
- “Ghetto Bible” (2015)
- “My League” (2015)
- “Big League” (2016)
- “Progress” (2016)
- “Mama” (2017)
In 2005, Mavado was detained by Jamaican police. While in police custody, the singer claims he was thrown through a glass window, slicing three fingers in the process, which were reattached at a local hospital. Police claimed Mavado escaped from custody while at the hospital.
He was later arrested and charged with shooting with intent and illegal possession of firearm in relation to an event occurring 27 July 2007. Mavado was released two days later on a $3000 bail and was subsequently refused entry into the United States.
Ricky Martin Net Worth
What is Ricky Martin net worth?
|Net worth||$120 million|
|Source of wealth||singer, songwriter, actor, author, record producer|
|Date of Birth||December 24, 1971|
Ricky Martin net worth 2021: Enrique Martín Morales better known as Ricky Martin, is a Puerto Rican singer, songwriter, actor, author, record producer and humanitarian who has a net worth of $120 million. is known as the “King of Latin Pop” and the “Latin Music King”.
Martin was born on December 24, 1971 in San Juan, Puerto Rico, the son of Nereida Morales, an accountant, and Enrique Martín Negroni a psychologist.
His parents divorced when he was two years old, and Martin spent much of his childhood shifting between his father’s home in the suburbs of University Gardens, a suburban middle-class neighborhood of San Juan, and his paternal grandmother’s house nearby.
Martin grew up in a Roman Catholic home and was an altar boy throughout his childhood. He began singing at age 6, using wooden kitchen spoons as pretended microphones; he often interpreted songs by Menudo as well as English-language rock groups such as Led Zeppelin, Journey, and REO Speedwagon.
After discovering, with his father, a newspaper advertisement about auditions for commercials, 9-year-old Martin began appearing in Puerto Rican television commercials for products such as soft drinks, toothpaste, and restaurants. In a year and a half, he starred in 11 commercials.
He began his career at age 12 with the all-boy pop group Menudo. After five years with the group, he released several Spanish-language solo albums throughout the 1990s.
Since the beginning of his solo career in 1991, Ricky Martin has become one of the best-selling Latin music artists of all time with over 70 million records worldwide. He also ranks among the most influential Latin artists of all time and the greatest music video artists of all time.
In early 1999, after releasing several albums in Spanish, Martin performed “The Cup of Life” at the 41st Annual Grammy Awards show, which became a catalyst in bringing Latin pop to the forefront of the U.S. music scene.
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Following its success, Martin released “Livin’ la Vida Loca”, which helped him attain success worldwide. It is generally seen as the song that began the Latin pop explosion of 1999 and made the transition easier for other Spanish-speaking artists to move into the English-speaking market.
His first English-language album (titled Ricky Martin), sold 15 million copies and is his best selling album to date. His other studio albums include: Ricky Martin (1991), Me Amaras (1993), A Medio Vivir (1995), Vuelve (1998), Sound Loaded (2000), Almas del Silencio (2003), Life (2005), Música + Alma + Sexo (2011), and A Quien Quiera Escuchar (2015).
He also acted on stage and TV in Mexico, where he achieved modest fame in the early 1990s. In 1994, he appeared on the US TV soap opera General Hospital as a Puerto Rican singer.
In 2018, he portrayed Antonio D’Amico in the miniseries The Assassination of Gianni Versace: American Crime Story, which earned him a nomination for the Primetime Emmy Award for Outstanding Supporting Actor in a Limited Series or Movie.
Ricky Martin Net Worth
Ricky Martin net worth is $120 million. He is one of the richest Latin Musicians in the world. Martin is the founder of Fundación Ricky Martin (Ricky Martin Foundation), a non-profit organization. Among the events promoted by the foundation was a summer camp, which included Martin’s personal participation.
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Martin has been honored with accolades including: Leadership in the Arts Award, Billboard’s Spirit of Hope Award, ALMA Award, Vanguard Award, International Humanitarian Award by the International Centre for Missing & Exploited Children, Hispanic Heritage Award for his humanitarian work through the Sabera Foundation in rescuing three orphan girls from the streets of Kolkata.
In December 2003, Martin was appointed a UNICEF Goodwill Ambassador. In his role as UNICEF Goodwill Ambassador, Ricky Martin has supported UNICEF’s efforts in fighting for children’s rights, especially in the area of child trafficking.
- Ricky Martin (1991)
- Me Amaras (1993)
- A Medio Vivir (1995)
- Vuelve (1998)
- Ricky Martin (1999)
- Sound Loaded (2000)
- Almas del Silencio (2003)
- Life (2005)
- Música + Alma + Sexo (2011)
- A Quien Quiera Escuchar (2015)
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