Forbes Magazine’s top five richest Nigerians are Aliko Dangote, Mike Adenuga, Folorunsho Alakija, Femi Otedola and Abdulsamad Rabiu in 2015.
Being rich and successful in Nigeria is not easy, add being one of the richest people in Nigeria and it is almost unattainable.
Forbes has released the 2015 list of World Billionaires with almost 2000 entries and 5 Nigerians were included on the list with Aliko Dangote leading the pack at number 67, here are they are, ranked from “poorest” to richest:
In 1988, Abdulsamad Rabiu started his own business importing rice, sugar, edible oil, iron, and steel. Now the owner of BUA Group, a diversified conglomerate that owns two cement plants, manufactures pasta, refines sugar, mills flour and operates ports and terminals. Rabiu is the 1741st richest man in the world and ranks 5th in Nigeria after moving up from the 9th position in 2014. He is 54 and worth $1 billion.
Femi Otedola is major shareholder of Forte Oil with a 78% controlling share. He is the head of the company that runs gas stations, fuel storage depots and manufactures its own line of engine oils. He is the 1741st richest man in the world and ranks 4th in Nigeria (2014: 7th). He is 47 and worth $1,04 billion.
Folorunsho Alakija is the owner of Supreme Stitches, her fashion label which styles Nigeria’s elites including the Ex First Lady Late Maryam Babangida. Additionally, she founded Famfa Oil after she was granted her oil block in Nigeria. Folorunsho Alakija is the 949th wealthiest person in the world and retains her last year 3rd position in Nigeria. She is the only woman in the list and the second richest woman in Africa. She is 63 and worth $2 billion.
Mike Adenuga also has its roots in the oil business (Consolidated Oil), but he soon started Globacom, a telecommunication company to compete against top dog MTN. Globacom has grown to be the second largest telecom company in Nigeria, making Mike Adenuga the 393rd richest man in the world and 2nd richest in Nigeria. He is 61 and worth $4.2 billion.
Idol and role model for many Nigerians, Aliko Dangote, is a self made billionaire, who started his first business with a loan from his uncle.Dangote Group is now the largest industrial group in West Africa employing more than 10,000 people, being well known for cement, sugar, and other processed materials. Dangote can call himself the 67th richest man in the world and the undisputed richest man in Nigeria and Africa. He is 57 and worth $14.7 billion.