The most Successful Businessmen in Nigeria

 Everybody loves reading stories about the most successful men in Nigeria. This article will inspire you to work harder and make it in life. This also contains the top five most successful business men in Nigeria and their  Net-worth in 2020. 

These five first-generation Nigeria entrepreneurs started from humble beginnings but turned around their fortune with the right mix of intelligence, hardworking, determination, and courage. 

1. ALIKO DANGOTE.

Aliko Dangote - Nigeria Richest Man

10 fantastic things Aliko Dangote has done in the last 10 years |

With a net worth of over $8.3billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. Born on the 10th of April 1957, Aliko Dangote is the owner of the ‘Dangote Group,’ the largest cement and sugar producer in Africa.

Presently, his company dominates the markets in countries such as Benin, Ethiopia, Cameroon, South Africa, and Ghana among others. The ‘Dangote Group’ controls about 70% of the current Nigerian sugar market and operates as the third-largest sugar refinery in the world and the largest in Africa.

2. MIKE ADENUGA JR.

10 Things You Didn't Know About Mike Adenuga - Youth Village Nigeria

Michael Adeniyi Adenuga (born 29th of April 1953) is a Nigerian billionaire businessman and the second richest man in Nigeria. According to the recently released Forbes list in 2018, Mike Adenuga’s net worth as of 11th March 2018 was estimated to be $5.8 billion and he is the third richest person in Africa.

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.

3. ABDUL SAMAD RABIU

                        The Zero to Hero Story of Abdulsamad Rabiu | Nairametrics

Abdul Samad Rabiu is one of the most successful Nigerian entrepreneurs. He was born in 1960 in Kano to Khalifah Isyaku Rabiu, who was also a businessman. He studied at Capital University in Ohio, United States. When he was 24, he returned to Nigeria to run the family business. In 1988, Abdul established BUA International Limited with the purpose of commodity trading, importing rice, flour, oil, and iron. Eventually, the company grew and expanded into steel, production of billets, and constructing rolling mills. Currently, there are 5 subsidiaries of BUA Group including BUA Ports & Terminals, BUA Estates, BUA Oil Mills Ltd, BUA Sugar Refinery Ltd, and BUA Cement. Forbes estimates Abdul Samad's net worth to be 3.2 billion US dollars. Read more: 

4. TONY ELUMELU

Tony Elumelu's UBA Walking The Talk By Investing NGN 50 Bn In Nigerian SMEs

Tony Elumelu was born in 1963 in Plateau State Nigeria. He attended university in Nigeria and has 2 degrees in economics. He also has a Master's Degree from the University of Lagos. Elumelu founded Heirs Holdings, a company that invests in power, real estate, healthcare, hospitality, and oil & gas, in 2010. Tony is also the founder of the Tony Elumelu Foundation. This organization empowers and supports African entrepreneurs. Tony is married to Awele Vivien Elumel, with whom he has 7 children. He is also the brother to Ndudi Elumelu, who is the minority leader in the Federal House of Representatives. Tony Elumelu's net worth is about 1.4 billion US dollars. 

5. ORJI UZOR KALU.

                        Orji Uzor Kalu: Eulogy to great motivator – The Sun Nigeria

Orji Uzor Kalu (born April 21, 1960) is the chairman of SLOK Holding and the former governor of Abia State. His other investments include the Daily Sun and the New Telegraph newspapers. According to Forbes, his net-worth in 2015 was estimated to be $1.1 Billion.

Orji Uzor Kalu’s Slok Holding is 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.