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• Infinity Media
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Nigeria Billionaires: Top 10 Richest Men In Nigeria

Nigeria continues to be a hub of wealth and entrepreneurial prowess in Africa. As of 2025, several Nigerian businessmen have made significant strides in various industries, earning them spots on Forbes' list of Africa's billionaires. This article delves into the top 10 richest men in Nigeria, highlighting their net worth, industries, and contributions to the nation's economy.

1. Aliko Dangote – $23.9 Billion

Aliko Dangote retains his position as Africa's richest man for the 14th consecutive year, with a net worth of $23.9 billion. His conglomerate, Dangote Group, has interests in cement, sugar, salt, and oil refining. The completion and operation of the $19 billion Dangote Refinery in Lagos have significantly boosted his wealth, allowing Nigeria to export refined petroleum products for the first time in decades .

2. Mike Adenuga – $6.8 Billion

Mike Adenuga, the founder of Globacom, Nigeria's second-largest telecom operator, and owner of Conoil, has a net worth of $6.8 billion. His investments in telecommunications and oil exploration have solidified his position as one of Nigeria's wealthiest individuals .

3. Abdul Samad Rabiu – $5.1 Billion

Abdul Samad Rabiu is the founder of BUA Group, a conglomerate with interests in cement production, sugar refining, and real estate. His strategic investments and expansion in the cement industry have contributed to his substantial wealth .

4. Femi Otedola – $1.5 Billion

Femi Otedola, chairman of Geregu Power Plc, made a significant return to the billionaire list in 2025 with a net worth of $1.5 billion. His investments in the energy sector, particularly in power generation, have been pivotal to his financial resurgence .

5. Jim Ovia – $1.2 Billion

Jim Ovia is the founder of Zenith Bank, one of Nigeria's leading financial institutions. His leadership in the banking sector and investments in real estate have contributed to his net worth of $1.2 billion.

6. Theophilus Danjuma – $1.1 Billion

Retired General Theophilus Danjuma has diversified interests, including shipping and petroleum. As chairman of South Atlantic Petroleum, his ventures in the oil industry have significantly contributed to his wealth, estimated at $1.1 billion.

7. Tony Elumelu – $1.0 Billion

Tony Elumelu is the chairman of Heirs Holdings and United Bank for Africa (UBA). His contributions to the banking sector and his commitment to entrepreneurship through the Tony Elumelu Foundation have earned him a net worth of $1.0 billion.

8. Orji Uzor Kalu – $900 Million

Orji Uzor Kalu, a Nigerian businessman and politician, has investments in various sectors, including oil, media, and manufacturing. His business acumen has earned him a net worth of $900 million.

9. Oba Otudeko – $650 Million

Oba Otudeko is the founder and chairman of the Honeywell Group, with interests spanning across food and beverages, real estate, and telecommunications. His diversified business portfolio has earned him a net worth of $650 million.

10. Jimoh Ibrahim – $500 Million

Jimoh Ibrahim is a lawyer, businessman, and politician with investments in insurance, oil and gas, hospitality, and real estate. His diverse business interests have culminated in a net worth of $500 million.

Summary Table: Nigeria's Top 10 Richest Men in 2025

These individuals exemplify the entrepreneurial spirit and economic potential of Nigeria. Their investments across various sectors not only contribute to their personal wealth but also play a significant role in the country's economic development.