Top 10 Richest Men in Nigeria in 2025 and their Networth

Top 10 Richest Men in Nigeria in 2025 and their Networth.

Nigeria is a big country in Africa, known for its growing economy and many successful business people.
Some of these people have made huge amounts of money through different businesses, from oil to
technology. This blog post will talk about the top 10 richest men in Nigeria in 2025. These men have
achieved a lot, and their stories can inspire others who want to build their own businesses and create
wealth.

In this article, we explore the top 10 richest men in Nigeria in 2025, their net worth, and the industries that have contributed to their financial success.

Top 10 Richest Men in Nigeria in 2025

1. Aliko Dangote

Aliko Dangote is the richest man in Nigeria, and he has been for many years. He made his money mainly
from cement, sugar, and salt. Dangote Cement is one of the biggest companies in Africa, and it makes
millions of bags of cement every year. His business empire also includes other things like oil and gas.
Dangote started his business journey many years ago when he was just a young man. Over time, he
grew his businesses and became very successful. Today, he is not just the richest man in Nigeria, but also
one of the richest men in Africa. His success shows that hard work, smart investments, and patience can
pay off in the long run.

With an estimated net worth of $23.9 billion, Dangote remains Africa’s richest person. He is the founder and chairman of the Dangote Group, the continent’s largest cement producer, with diversified interests in sugar, salt, and flour.

2. Mike Adenuga

Mike Adenuga is another very rich man in Nigeria. He is the owner of Globacom, which is the second-
largest mobile phone network in Nigeria. He also has big investments in oil and gas, real estate, and
banking. Adenuga made his first millions in the 1990s when he started a business that helped build
roads and infrastructure in Nigeria.

One of the reasons Mike Adenuga is so rich is because of his success in the telecommunications
industry. Globacom has millions of subscribers and makes a lot of money every year. Adenuga’s story
shows that getting into the right business at the right time can lead to great success.

Adenuga’s net worth is approximately $6.9 billion. He built his fortune in telecommunications and oil production, owning Globacom, Nigeria’s second-largest telecom operator, and Conoil Producing, a significant player in the oil industry

3. Folorunsho Alakija

Folorunsho Alakija is one of the richest women in Nigeria, but she is also one of the wealthiest people in
the country. She made her fortune in the oil industry. Alakija started as a fashion designer before

moving into the oil business. Her company, Famfa Oil, has become very successful, and it is a major
player in Nigeria’s oil sector.
Alakija’s success story is an example of how people can change careers and still achieve great wealth.
She took risks and worked hard, and today she is one of the richest people in Africa.

Alakija’s net worth is estimated at $1 billion. She is the vice chair of Famfa Oil, a Nigerian oil exploration company, and has interests in fashion and real estate.

4. Abdul Samad Rabiu

Abdul Samad Rabiu is a Nigerian businessman who made most of his money through manufacturing and
real estate. He is the founder of BUA Group, which is involved in a wide range of industries such as
cement production, sugar, and real estate. Rabiu started his business in the 1980s and has grown it into
one of Nigeria’s largest companies.
His wealth comes from his investments in cement, sugar, and the production of other products. Rabiu’s
company is also expanding into other countries, which is helping him grow his wealth even more. His
story shows that investing in different sectors can lead to big success.

5. Femi Otedola

Femi Otedola is a Nigerian businessman who has made a lot of money in the oil and energy sectors. He
is the owner of Forte Oil, a company that deals with the sale of petroleum products. Otedola is also
involved in many other businesses, such as real estate and shipping. Over the years, he has used his
wealth to support many charitable causes.
Otedola’s success comes from his investments in the energy industry and his ability to manage his
businesses wisely. He has shown that with the right investments and careful planning, anyone can build
wealth and make a big impact in the world.

6. Theophilus Danjuma

Theophilus Danjuma is a Nigerian businessman and former military leader. He is one of the richest men
in the country, and his wealth comes from a variety of investments, including oil, banking, and
agriculture. Danjuma is known for his investments in oil companies and his leadership in the Nigerian
business world.
His journey to wealth began many years ago, and today he is one of the most respected figures in
Nigeria. Danjuma’s story shows that with determination and the right investments, it is possible to build
a successful business empire.

7. Orji Uzor Kalu

Orji Uzor Kalu is a Nigerian businessman and politician. He made his money through various businesses,
including shipping, oil, and real estate. Kalu is the owner of the company, Slok Group, which is involved
in different industries. He also had a successful career as the governor of Abia State.
Kalu’s wealth comes from his business ventures, especially in the oil and shipping industries. He has
used his fortune to invest in various projects and create job opportunities for many people. His success
shows the importance of diversification in business.

8. Tony Elumelu

Tony Elumelu is a Nigerian businessman and philanthropist who is known for his work in the banking
and investment sectors. He is the chairman of Heirs Holdings, a company that invests in different
industries such as energy, agriculture, and real estate. Elumelu is also the founder of the Tony Elumelu
Foundation, which supports entrepreneurship in Africa.
Elumelu made his fortune by transforming the banking sector in Nigeria. He is also known for his work in
helping other entrepreneurs build their businesses. His story shows that success is not just about making
money, but also about giving back and helping others.

Tony Elumelu has a net worth of $700 million, Elumelu is an investor and philanthropist, chairing the United Bank for Africa (UBA) and leading Heirs Holdings, with investments spanning various sectors.

9. Jim Ovia

Jim Ovia is a Nigerian businessman and the founder of Zenith Bank, one of the biggest banks in Nigeria.
He is also involved in many other businesses, including real estate and telecommunications. Ovia made
his fortune by building Zenith Bank into a huge financial institution that is now one of the most
successful in Africa.
Ovia’s success is a result of his ability to spot opportunities in the banking sector. He used his knowledge
of finance and banking to create a company that now has branches across Africa. His story shows that
with the right skills and experience, it is possible to build a business that becomes a leader in its
industry.

Ovia, with a net worth of $550 million, is the founder of Zenith Bank, one of Nigeria’s largest financial institutions, and has investments in real estate

10. Mohammed Indimi

Mohammed Indimi is a Nigerian billionaire businessman and the founder of Oriental Energy Resources, a privately owned oil exploration and production company. Born on August 12, 1947, in Borno State, Nigeria, he built his fortune through investments in the oil and gas sector.

• Net Worth: Estimated at $500 million (as of 2025).
• Industry: Oil and gas.
• Company: Oriental Energy Resources (founded in 1990).
• Philanthropy: Known for his contributions to education and poverty alleviation in Nigeria, including funding universities and scholarships.
• Family: His daughter, Rahma Indimi, was once married to Mohammed Babangida, son of former Nigerian military ruler Ibrahim Babangida.

Indimi remains one of Nigeria’s influential business figures, contributing significantly to the country’s energy sector.

Nicky Oppenheimer

Nicky Oppenheimer is originally from South Africa, but he has made a lot of money in Nigeria and other
African countries. He comes from a wealthy family and is known for his involvement in the diamond
industry. Oppenheimer owns a large part of the De Beers Group, which is one of the biggest diamond
companies in the world. He has invested in different businesses in Nigeria and other African countries,
and his wealth continues to grow.

Oppenheimer’s story shows that even though he was born into a rich family, he worked hard to grow his
wealth and make smart investments. He is an example of how family wealth can be built upon and
expanded through careful business choices.

of February 2025, Nicky, the and Be, has an estimated net worth $12. billion, according to the Bloombergaires.

Conclusion

In conclusion, the top 10 richest men in Nigeria in 2025 have made their fortunes through hard work,
smart investments, and a strong focus on various industries like oil, telecommunications, real estate,
banking, and manufacturing. These men have shown that with the right mindset, determination, and a
bit of risk-taking, it is possible to achieve great success and build wealth over time.

Frequently Asked Questions (FAQs)

1. Who is the richest man in Nigeria in 2025?
Aliko Dangote remains the richest man in Nigeria, with an estimated net worth of $23.9 billion.

2. How did Mike Adenuga make his fortune?
Mike Adenuga made his wealth through telecommunications (Globacom) and oil exploration (Conoil Producing).

3. Is Folorunso Alakija the richest woman in Nigeria?
Yes, Folorunso Alakija is Nigeria’s richest woman, with a net worth of $1 billion, primarily from her oil business (Famfa Oil).

4. What industries make the most billionaires in Nigeria?
The most lucrative industries for Nigerian billionaires are oil and gas, telecommunications, banking, real estate, and manufacturing.

5. Who are some upcoming billionaires to watch in Nigeria?
Upcoming billionaires in Nigeria include tech entrepreneurs, fintech investors, and real estate moguls who are rapidly growing their wealth.