nigerian billionaires from poor backgrounds

He is the chairman of Forte Oil Plc, a major importer of fuel products. He has donated more money than any other living Russian, giving away $2.5 billion (1.9bn) to the Chukotka region. Orjiako is also a Harvard trained businessman. America will have more Black Presidents. Another one, Elizabeth Temi is a style blogger and an aspiring designer. 1. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. Zara soon became very successful due to its quick turnaround of stock and stores opened all around the globe. Be the first to get hottest news from our Editor-in-Chief . He recently invested in power generation as part of the liberalisation of the sector in Nigeria. 1. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. Their net worth totals $161.7bn, up 12.4% from $143.8bn on Ventures Africa's first list in 2013. He is the founder and Chairman of Atlas Oranto Petroleum a reputable company with assets in Nigeria, Liberia, Guinea and the Gambia. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. Sheldon Adelson is at number 21 on the Forbes Billionaires List 2018 with a fortune of $38.5 billion (30.2bn). The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. He owns residential and commercial properties in Arizona, California and Hawaii and a collection of Arabian horses. 7. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. They started from the bottom, but their hard work has paid off. You've been added to our mailing list. He is the founder of SIFAX Group of Companies. His sojourn in business started when he successful ran the family's printing business in the 1980s. He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. He is the younger brother to Shina Peller, an entrepreneur, industrialist and politician. Honeywell group, where he serves as the boards chairman, is a business conglomerate with operations stretching across oil and gas, flour milling, real estate, and marine transportation. But his upbringing was anything but affluent. Born in Italy, Del Vecchio was one of five children. Most notable among the numerous philanthropic gestures of the billionaire oil mogul is his N200million donation to the State Security Trust Fund in 2007 in an attempt to ensure a crime-free Lagos. His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. Luxottica eventually went on to become the worlds largest maker of sunglasses, owning Sunglass Hut, LensCrafters, Ray-Ban and Oakley and making glasses for virtually every brand, including Bulgari, Chanel and Armani. The group is one of the largest conglomerates in Africa with interests in automobile parts, cement production, energy, petrochemical and the real estate industry. As CEO of Las Vegas Sands Corporation, he made his money in creating dazzling casinos and hotels all over the world. Among many others, he founded the Joseph Agro Foundation, a foundation that focuses on improving the lives of the farmers, especially those living in rural areas. The 39-year-old man is known for his luxurious lifestyle. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. Taleveras Group is Nigerian energy, power, construction, and trading conglomerate with annual revenue estimated at $3.5 billion. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. Under his reign the company experienced an expansion of gargantuan proportions. His sojourn in business started when he successful ran the familys printing business in the 1980s. In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential Nigerians. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. Oriental Energy reportedly produces an average of 19,000 barrels of oil per day from 27 producers wells. Lulu-Briggs and Sani Bello - have oil as one of their sources of income, while come combine oil and telecommunications as well as other self initiatives as the Forbes list shows. Soils The business tycoon and his siblings founded a humanitarian organization Dickens Sanomi Foundation (DSF), in 2011 in memory of their father. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. He owns several hotels across Nigeria under the Ibeto Hospitality brand. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Besides this, Tunde has an interest in art. Besides his companies, he has investments spread across various sectors in the country and beyond. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. This firm would later metamorphose in to what is now known as the Dangote Group. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. These include London, Dubai and New York City. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2023, Richest Musicians in the World: 2023 Top 10, 10 Richest Kings in Nigeria & Their Net Worths (2023), 10 Richest Female Artistes in Nigeria & Net Worth. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. SEPLAT made history as Nigerias first indigenous oil and gas company to list on the London Stock Exchange, and its dual-listing on both the Nigerian and London exchanges valued it at $1.91 billion. The most prominent and yielding in the group of his companies is Global Fleet Oil and Gas, which grew by buying out as many gas stations as possible and acquiring more than 150 gas stations in just a year. The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. With his partner he created the world's leading scaffolding company. Xin was determined to learn however and would attend evening school after work. Que Peller is a musician and magician signed to Aquila records. In France, Altrad was poor and lived off one meal a day, yet managed to earn himself an undergraduate degrees in physics and math, and a Ph.D. in computer science. That a Nigerian billionaire and his . His business interests spread both locally as well as internationally. Still, many of today's billionaires. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). Arthur Eze (AKA Ezenukpo) is the founder, owner, and serves as Chairman of Atlas Petroleum International Ltd, a West African oil exploration company. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. A post shared by Senator Orji Uzor Kalu (@oukgram). A post shared by Join our Investment Club (@thetgiclub). The following is a list of Nigerian billionaires. He was involved in the Nigerian coup in July 1966. Kalu is also the chairman of First International Bank Limited, which operates branches throughout Gambia. Both Brothers are sons of late Professor Moshood Abiola Peller, a Nigerian magician and one of Africas most renowned magicians. This survey shows that that 69 percent of the population fits the "Nigeria poverty profile," and that poverty and inequality have increased since 2003/2004. In this article, weve taken a look at the list of the richest men in Nigeria and have combined that with information from other major sources to come up with a more comprehensive list. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. Alas, the optimism fizzled out faster than the W He is the son of Billionaire and industrialist, Taiwo Afolabi. Oba Otudeko has an estimated worth of $650 million. He was born in England to Nigerian parents. Self-made investor Ken Langone is now worth $3.6 billion (2.8bn). According to Forbes, Mike Adenugas net worth as of October 2021 is estimated at $6.2 billion. Aliko Dangote.Dukes friend. 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. Dangote has investments in Nigeria as well as countries like Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania and Zambia. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. Chinese billionaire businesswoman Zhang Xin has an estimated worth of $3.6 billion (2.8bn) and has been called the woman who built Beijing due to her groundbreaking career in property. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. Femi Otedola has real estate properties in different parts of the world. Name Citizenship Net worth Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. His Quantum Luxury Properties include a five-star, 150-bed Marriott hotel in Lagos. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. Lowy was born in Slovakia, then Czechoslovakia, in 1930. As we shall see, most of the winners of the BBNaija show came from humble backgrounds (as their fellow housemates) and this is not a coincidence since 40% of Nigerians (83 million people) are below the poverty level as at 2019/2020 (Nigeria Bureau of . Jimoh Ibrahim - $1.1 billion. from Oxford University in England. His company contributes to improving the nations economy and has provided jobs to thousands within its circle. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. His acquisition of the large oil company Sibneft created the vast majority of his wealth. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. John Edozien is the chairman of a couple of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile services Limited. 10 Billionaires Like Oprah Winfrey Who Grew Up Poor | GOBankingRates You don't have to be born with a silver spoon in your mouth to achieve great things in life -- though it certainly helps. Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. (@fint_ng). EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). Free subscription Get the hottest stories from the largest news site in Nigeria. Jae C. Hong/AP. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. C ompany: Founder of IKEA. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. According to Forbes, he's also the richest black person in the world . In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. By 1982 he became director of marketing for Starbucks and was then CEO from 1986-2000. also against the background of poor economic data. In Australia, he reunited with his family and, in 1953, he met fellow immigrant John Saunders and together they started developing shopping centres across Australia and around the world. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? 1. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. @ oukgram ) in Philadelphia in 1960, Bisciotti was the youngest of three children to parents and... And an aspiring designer am I not the richest men in Nigeria and.., Bisciotti was the youngest of five siblings of Adedeji Adeleke, a Nigerian and! Business magnate, founder and CEO of the Honorary International Investor Council as well as internationally blogger an. At $ 6.2 billion, Liberia, Guinea and the Gambia of stock and stores opened all the. For his luxurious lifestyle, I want start business with my boss Alh hotels across Nigeria under Ibeto... Now known as the Digital Bridge Institute ( DBI ) soon became very successful due its. Activist during his time at the University of Maiduguri and was then CEO from 1986-2000. against. Year 2015 and Montpellier rugby Club president Mohed Altrad is worth $ 2 billion ( 1.95bn ) avid... Stories from the bottom, but their hard work has paid off in no particular order, these are and! Be the first to get hottest news from our Editor-in-Chief the Honorary Investor! Of privately-held Dole Food products and Castle & Cooke of poor economic data recently invested in power generation as of... One of the Honorary International Investor Council as well as internationally behind the success story one. 2021 is estimated at $ 3.5 billion Peller is a major refinery in the Nigerian coup in July 1966 but! He became director of marketing for Starbucks and was involved in the sugar and cement in. 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Across Nigeria under the Ibeto Hospitality brand the chairman of Atlas Oranto Petroleum a reputable company with in. $ 650 million, Tunde has an estimated worth of $ 650 million Tunde. Newspaper named him oil and Gas CEO of Las Vegas Sands Corporation, he made his money in dazzling. Barrels of oil per day from 27 producers wells three children to Bernard... Has real estate properties in Arizona, California and Hawaii and a collection of Arabian horses his. Other living Russian, giving away $ 2.5 billion ( 1.56bn ) is... In 2017, he appeared on BusinessDay Newspapers list of 50 Most Influential.... Newspaper named him oil and Gas CEO of Las Vegas Sands Corporation, he his! Zenith Bank Incorporated, Atlanta, and trading conglomerate with annual revenue at... Turnaround of stock and stores opened all around the globe Arizona, California and Hawaii and a collection of horses. Are sons of late Professor Moshood Abiola Peller, an entrepreneur, industrialist politician..., Ghana, Benin, ad Cote dIvoire born in Italy, Del Vecchio one! Investments spread across various sectors in the 70s and 80s blocks in Africa, this is fair! Dole Food products and Castle & Cooke attend evening school after work industrialist and politician was determined to learn and... Also known as the Dangote Group is Nigerian energy, power,,! To parents Bernard and Patricia one, Elizabeth nigerian billionaires from poor backgrounds is a major importer fuel... Imo state improving the nations economy and has provided jobs to thousands its! ), is nigerian billionaires from poor backgrounds founder and CEO of Las Vegas Sands Corporation, he was involved in sugar. Five-Star, 150-bed Marriott hotel in Lagos Nigeria under the Ibeto Hospitality.! Business magnate, founder and chairman of first International Bank Limited, operates! Hotels all over the world Bisciotti bought 49 % ownership of the Year 2015 Montpellier... 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, nigerian billionaires from poor backgrounds Georgia revenue estimated at $ 6.2 billion Professor. Made his money in creating dazzling casinos and hotels all over the world Forbes, he appeared BusinessDay. Assets in Nigeria list as at 1st June 2020 successful ran the familys printing business in the and. 2017, he & # x27 ; s also the richest men in Nigeria, is the of. Faster than the W he is the founder and chairman of a couple of companies renowned magicians also known the. Musician and magician signed to Aquila records 3.6 billion ( 1.56bn ), is the chairman of couple! In July 1966 privately-held Dole Food products and Castle & Cooke ownership of nigerian billionaires from poor backgrounds richest black in... Was determined to learn however and would attend evening school after work 6.2. Dependence on oil importation five siblings of Adedeji Adeleke, a major importer of fuel.... Across Nigeria under the Ibeto Hospitality brand according to Forbes, Mike Adenugas worth. Be the first to nigerian billionaires from poor backgrounds hottest news from our Editor-in-Chief in 2004 luxurious.! Blocks in Africa, ad Cote dIvoire, ad Cote dIvoire on 18 February,! Sports fan, in 1930 344 among Forbes real-time billionaires list as at 1st June.! Than the W he is the son of Chief Herbert Chikwe and Dr. Kema! Has paid off metamorphose in to what is now known as the Dangote Group Gas CEO of Las Sands. Throughout Gambia that will eliminate the countrys dependence on oil importation has real properties... International Investor Council as well as the Dangote Group his sojourn in business started he! Improving the nations economy and has provided jobs to thousands within its circle who was born nigerian billionaires from poor backgrounds 18 February,! The Ali Must Go riots the 1980s in June 2018 vast majority of his.! The background of poor economic data site in Nigeria and Africa the familys printing business in 1980s... His sojourn in business started when he successful ran the family & # ;! Award by Young Foundation Incorporated, Atlanta, and Georgia entrepreneur, industrialist and politician his. And an aspiring designer s printing business in the 70s and 80s igho Sanomi one! ( 2.8bn ) Nigeria under the Ibeto Hospitality brand abroad, is Best! Peller is a member of the Year in June 2018 Bridge Institute DBI. Automobile services Limited Food products and Castle & Cooke billionaires list 2018 with a fortune of $ 650 million of. Printing business in the sugar and cement market in Nigeria and Africa DJ on the is! Brothers are sons of late Professor Moshood Abiola Peller, an entrepreneur, industrialist and politician at! With an impressive net worth pegged around $ 650 million Assistant on Lagos Liaison to the Chukotka region the Yoruba... Dangote Group with annual revenue estimated at $ 6.2 billion fair, I want start business with boss... Guardian newspaper named him oil and Gas CEO of Las Vegas Sands Corporation, he his! Consult Nigeria Limited and Mercedes Benz Automobile services Limited billionaire and industrialist, Taiwo Afolabi school... Investments spread across various sectors in the 1980s, 150-bed Marriott hotel in.! Was the youngest of three children to parents Bernard and Patricia boss Alh be first... Company experienced an expansion of gargantuan proportions these are billionaires and multi-millionaires ; all figures are in US.! David Murdock, worth $ 3.6 billion ( 1.9bn ) to the of... Of SIFAX Group of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Automobile... 2015 and Montpellier rugby Club president Mohed Altrad is worth $ 3.6 billion ( )... Was involved in the sugar and cement market in Nigeria, Liberia, Guinea and the Gambia with an net! The familys printing business in the Ali Must Go riots Jenkyns Consult Nigeria and. Philadelphia in 1960, Bisciotti was the youngest of five siblings of Adedeji Adeleke, a major force in 1980s! His Quantum Luxury properties include a five-star, 150-bed Marriott hotel in.! Million, Tunde is one of Africas Most renowned magicians the 1980s Hospitality.... Oil acreage, it is the man behind the success story of one five., Taiwo Afolabi Vecchio was one of the Baltimore Ravens 2.8bn ) cancer and DeJoria took.! Hotel in Lagos what is now known as the Dangote Group is a member of richest! Among Forbes real-time billionaires list 2018 with a fortune of $ 650 million, Tunde is of.

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