Top 10 richest men in Nigeria  2018 (Forbes) 

Top 10 richest men in Nigeria in 2018 (Forbes)
Nigeria is a country that is home to many wealthy individuals
In this article, you will learn about 10 richest men in Nigeria in 2018  with huge fortunes in Nigeria,

1.Mohammed Indimi ( 650 million dollars ) 

Mohammed Indimi is a Nigerian based businessman. He founded Oriental Energy in 1990, of which he is still chairman He is a former in-law of former Nigerian president and retired Nigerian Army general Ibrahim Babangida and a current inlaw to Nigerian president Muhammadu Buhari

 He is a successful player in the oil market.  He managed to reveal his talents as a businessman in the oil and gas industry. Gradually, the company’s portfolio expanded. At the moment, there are resources in Offshore Nigeria. In 2014, he took the 37th position in the ranking of the rich people of Africa. His net worth is 650 million dollars.

9.Tunde Folawiyo ($650 million) 

Tijani Babatunde Folawiyo is a Nigerian businessman. He is the managing director of Yinka Folawiyo Group. According to Forbes, he has an estimated net worth of $650 million

 He also serves as Director of MTN Nigeria Ltd, Executive Director of Yinka Folawiyo Group of Companies.Tunde also founded Folawiyo Energy Ltd, a subsidiary of the Yinka Folawiyo Group of Companies. According to Forbes information, the total amount of his assets is $650 million. 

8.Jim Ovia ($980  dollars)


Jim Ovia (born November 4, 1951) is a Nigerian businessman. He founded Zenith Bank in 1990. This commercial institution is an individual investor with stake around 9.3%. He also the owner of Visafone. In late summer of 2014, Ovia began to develop a petrochemical enterprise with an investment of 1.5 billion dollars. It is located in Akwa Ibom State.

In 2014, according to Forbes, Ovia became the 30th richest man in Africa. His current estimated net worth is 1 $980 Million. 

7.Orji Uzor Kalu ($1billion)

Orji Uzor Kalu is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria, who served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. 

 is the Chairman of large organizations Daily Sun, SLOK Holding, New Telegraph. He was Governor of Abia State. According to Forbes, the net worth of this man is 1 billion dollars.

6.Tony Elumelu worth $1.4 billion

Tony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, entrepreneur, and philanthropist. 

He is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. Elumelu holds the Nigerian national honours, the Commander of the Order of the Niger (CON) and Member of the Order of the Federal Republic (MFR). He was recognised as one of “Africa’s 20 Most Powerful People in 2012” by Forbes magazine. He is worth $1.4 billion

5.AbdulSamad Isyaku Rabin $1.5bn

The 5th richest Nigerian is a famous businessman. In the 1980’s, his father Khalifah Isyaku Rabiu became one of the country’s leading industrialists. 

AbdulSamad founded the BUA Group. He also serves as executive director of the Nigerian Bank of Industry. At the moment, his fortune is $1.5bn.

4. Theophilus Danjuma $1.7 billion

General Theophilus Yakubu Danjuma GCON FSS psc (Rtd) (born 9 December 1938) is a Nigerian Jukun soldier, politician and multi-millionaire businessman and philanthropist. He was Nigerian Army Chief of Army Staff from July 1975 to October 1979. He was also Minister of Defence under Olusegun Obasanjo.Danjuma is chairman of South Atlantic Petroleum (SAPETRO).His estimated net worth is $1.7 billion. 

3.Femi Otedola 1.8 billion

We approached the top three leaders. The third place belongs to Femi Otedola. It is difficult to meet Nigerians who would not know this name. 

He serves as CEO of Forte Oil Plc, Zenon Petroleum Oil. The main spheres of his activity are real estate, gas and oil. This man’s estimated net worth was 1.8 billion dollars in 2016 according to Forbes, however, in one of the latest articles, Forbes informed that the net worth of Femi Otedola has dropped significantly in 2017 and now is just $550 million dollars.

2. Mike Aden Udenuga $5.8 billion

Michael Adeniyi Agbolade Ishola Adenuga Jr (born 29 April 1953) is a Nigerian business tycoon, and the second-richest person in Nigeria. 

His company Globacom is Nigeria’s second-largest telecom operator, and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $5.8 billion

1. Aliko Dangote 11.9 billion

Surely you were not surprised to know who’s the richest man in Nigeria. He is very popular throughout the world. He is the chairman of Dangote Group, he has businesses in Cameroon, Nigeria, South Africa, Ghana, Benin, Togo, and Zambia. This entrepreneur also has businesses in agriculture, telecommunications, real estate, and some other spheres.

According to the latest estimates of Forbes, Dangote net worth is $11.9 billion.

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