Meet the 6 Richest Nigerians and Their Net Worth in 2025
- There are six Nigerians ranked among the world’s richest people on the Forbes billionaire list by net worth
- Although two of them are American citizens, they are Nigerians by heritage and have achieved great success in their fields
- Dangote continues to lead the table as the richest Black man in the world and the wealthiest man in Africa
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerian billionaires, both at home and in the diaspora, continue to rank among the richest people in the world.
Forbes reports confirm six Nigerian billionaires, led by Aliko Dangote, among the wealthiest people alive.
Source: Facebook
The list includes industrial giants, energy moguls, financiers, and tech entrepreneurs who, through investments and value creation, have successfully climbed the ladder of wealth.
Six Nigerians on Forbes list
According to Forbes, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, Adebayo Ogunlesi, Femi Otedola, and Tope Awotona are the richest men of Nigerian descent today.
Here is an insight into who they are and their net worth
Aliko Dangote - $24.4bn
Aliko Dangote leads the table with $24.4 billion net worth as of Thursday, August 21, and he also ranked the 87th richest man in the world.
Dangote’s net worth is derived largely from Dangote Cement, the continent’s largest cement producer, along with investments in sugar, flour, and infrastructure
His refinery, one of the world’s largest single-train facilities, is expected to overtake cement as the main source of his wealth amid plans to increase capacity to 700,000 barrels per day.
Abdulsamad Rabiu - $7.2bn
Abdulsamad Rabiu is currently the second-richest man in Nigeria and the fifth in Africa. He is the founder of BUA Group, which has expanded aggressively in cement, sugar, and agriculture, making him one of West Africa’s most influential industrialists.
He is building an oil refinery in Akwa Ibom, a project that is expected to further boost his wealth.
Mike Adenuga - $6.3bn
Coming in third is Mike Adenuga, worth $6.3 billion. Adenuga is the founder of Globacom, Nigeria’s second-largest telecoms operator, and also holds vast interests in oil exploration and real estate.
Adebayo Ogunlesi - $2.5bn
In fourth place is US-based Adebayo Ogunlesi, valued at $2.5 billion. Ogunlesi is chairman of Global Infrastructure Partners, a private equity firm managing airports, ports, and energy assets around the world.
His career spans decades in international finance and infrastructure.
He is currently ranked by Forbes as the 1,536th richest man in the world.
Source: Facebook
Femi Otedola - $1.5 billion
Femi Otedola is currently the chairman of First HoldCo Plc is a non-operating financial holding company of one of the largest banking and financial services organisations in Africa and has investments in power generation.
Tope Awotona - $1.4bn
Tope Awotona, founder of the U.S.-based tech platform Calendly, makes the list with $1.4 billion. His scheduling software has become a global tool for businesses and individuals.
He is ranked the 2,581st richest billionaire in the world
Nigerian Billionaire Tony Elumelu boosts stake in UBA
Earlier, Legit.ng reported that the Chairman of the United Bank for Africa (UBA) Group has purchased over 1.2 billion shares in the bank within two days.
This comes barely a week after a smaller purchase of 45 million shares and suggests that the billionaire is consolidating his position as majority shareholder ahead of the next capital raising exercise.
The details of the transaction were contained in a regulatory filing to the Nigerian Exchange Group (NGX).
Source: Legit.ng
