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Entrepreneurs Top 5 richest Nigerians

Forbes Magazine’s top five richest Nigerians are Aliko Dangote, Mike Adenuga, Folorunsho Alakija, Femi Otedola and Abdulsamad Rabiu in 2015.

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Folorunsho Alakija play

Folorunsho Alakija


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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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