His father was a construction worker, and his mother sold fish at the local market. They include Nicon Energy, Nicon Hotels, and Nicon Insurance. Oba Otudeko is the last on our list of richest men in Nigeria, he engages in various businesses –including Fan Milk Nigeria PLC, Airtel Nigeria, and Honeywell Group of Companies. Zimbabwe’s Richest 25 people-2019 List. Nationality: American. Popularly regarded as one of the most influential politicians hailing from the South East, Orji Uzor Kalu engages in several lucrative businesses with the view of magnifying his wealth outside his political position. He also ventured into politics where he served as a Minister of Defense under President Olusegun Obasanjo. Zenith bank has its headquarters in Victoria Island, Nigeria. Currently, his net worth swirls around $850 million. This learning institution based in Johannesburg, South Africa trains bright students on how to become future leaders. According to recent rankings, Tonu Elumelu’s net worth stands at $990 million. The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. Orjiako diversified himself into the business sector where he has established himself as an oil & gas tycoon. His main line of business includes trading in commodities such as sugar, rice, and vegetable oil. Estimated Net worth of $8.4 Billion. For a long time, Femi Otedola was the number one oil baron in Nigeria. (adsbygoogle = window.adsbygoogle || []).push({}); Top 10 Richest Men In Nigeria 2020 {Net Worth}. This orthopaedic and trauma surgeon turned Oil and Gas business mogul is the chairman and co-founder of SEPLAT, one of Nigeria’s largest petroleum development companies. Believed to have sneaked into Nigeria’s guild of billionaires at a young age, Igho Sanomi makes a great impact on the business scene as the owner and founding father of Televeras Group –a conglomerate business that offers services spanning across trading, construction, power, and energy. He also has big investments in real estate and sugar refining. Tony Elumelu was born in 1964. The politicians in Nigeria that are wealthy today have been listed among the influential men in the country. Benedict Peters is another businessman who hit it big in the oil business. Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo with interests in oil and gas, agriculture, shipping, real estate and engineering. He learned the business acumen from His father who was also a successful businessman, and also a religious scholar. Orji Uzor Kalu is among the richest men in Nigeria. In this article, we’ve taken a look at Forbes list and have combined that with information from other sources such as Bloomberg and Ventures Africa to come up with a more comprehensive list of the richest men in Nigeria, these are billionaires and multi-millionaires, all figures are in US dollars. This is because their political power comes with monetary benefits whether they are governors, senators or presidents. With the current net worth of $650 million, Tunde Folawiyo continues to double up his wealth with investments in big organizations including MTN Nigeria and Access Bank. He is a Chartered Banker, Chartered accountant, and also a Chartered Secretary by profession.  Six of his children serve on the company’s board where he is currently the Chairman. His daughter is married to the son of former Nigerian military dictator, Ibrahim Babangida. He is among the top richest men in Nigeria, thanks to a variety of investments, including a controlling interest in Transcorp, Nigeria’s largest publicly traded conglomerate; a significant stake in the United Bank for Africa; and an extensive portfolio of real estate across Nigeria, among other assets. In no particular order, we list the top 10 richest politicians in Nigeria and their net worth for 2020. In case you’re confused or something, Black billionaires are individuals of Black African ancestry. Mr. Danjuma is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company. But Forbes List of Black Billionaires 2019. Her oil company, Famfa Oil Limited established in 1993 is said to generate at least $10 million daily in profit.