Forbes releases top 10 richest Nigerians in 2017

By John Owen Nwachukwu on March 30, 2017

Forbes, a website renowned for ranking of richest people in the world, has made available the list of richest people in Nigeria in 2017.
In the latest release, 9 Nigerians made the billionaires club cut with some, just few million dollars away from reaching the benchmark.

Below are top 10 richest men in Nigeria according to Forbes ranking 2017, ranging from the least to the top.
10. Oba Otudeko: Oba Otudeko is the Chairman and founder of the honeywell group.
He is also the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour mining, real estate, and marine transportation. Net Worth: $650 million.

9. Jim Oviah: Jim Oviah is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%.
He also manages a mobile telecom Visafone which has over 3 million subscribers. Net Worth: $1 billion.
8. Orji Uzor Kalu: The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He became a real business man at the age of 19 after being expelled from a Nigerian University for allegedly spearheading a series of student riots. Net Worth: $1.1 billion.

7. Tony Elumelu: A philanthropist and founder of the Transcorp and Heirs Holdings. He was the chairman of United Bank for Africa and was estimated to worth $1.4 billion.

6. Abdusalam Rabiu: Abdusalam is the founder of the famous BUA Group. A conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a chinese cement equipment service provider Sinoma International Engineering to construct a second production line located in Edo State Niger Delta, Nigeria. Net Worth: $1.5 billion.
5. Theophilus Danjuma: Former Nigerian Chief of Army staff between 1975 to 1979. He is the current chairman of Athlantic Petroleum. Net Worth: $1.7 billion.
4. Folorunsho Alakija: Folorunsho is a business tycoon who has interest in fashion,oil and printing industries. She is the richest Woman in Nigeria and the richest woman of the African descent in the world. Net Worth: $2.1 billion.
3. Femi Otedola: He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors. Net Worth: $2.3 billion.
2. Mike Adenuga: Mike Adenuga is the second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil. Net Worth: $10.5 billion.

1. Aliko Dangote: Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira. Net Worth: $12.5 billion.