nigerian billionaires from poor backgrounds

He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. He is the founder and CEO of Nigerian Finder.com. Net worth: $1.2 billion. Born in Beijing in 1965, during the Cultural Revolution, Xin grew up with her mother after her parents divorced when she was five. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. He heads a worldwide group of companies whose scope of activities remains diverse and includes Construction, banking, importation, sales, and services of motor vehicles and Oil. Its oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. His parents were cotton shareholders and the family were so poor that they had no indoor plumbing or electricity. He is also involved in numerous other philanthropic activities. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. Apart from her wealth, Folorunso Alakija is known for her philanthropic activities. He was later signed by Starboy Entertainment in 2013. With a 39% stake in the company, Ellison soon became a billionaire. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. 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Kanayo, Libianca Reveals Ayra Starr & Omah Lay Are Featured On People Remix, I Have Done More For Nigeria Than The 3 Presidential Candidates Combined Burna Boy, Patoranking Preaches Love Amidst Violence On Abobi [REVIEW], Shanty Town Review: A Tale Of Crime, Deceit And Dark Politicking, Review: Cheesy As Love, Sleazy As Ego, The Eagle Is Soaring, History And Literary Concepts: A Review Of Elesin Oba (The Kings Horseman), MIXTAPE: DJ PlentySongz Best Of Asake x Seyi Vibez 2023 Mix, Afrobeat Mixtape: Cheers To 2023 by DJ Ayi, MIXTAPE: DJ Ayi BBA Mix (Bad Boy Ayi), Heres Why Yoga Is Asakes Worst Song So Far. A post shared by Falz TheBahdGuy (@falzthebahdguy). Orji Uzor Kalu was a student activist during his time at the University of Maiduguri and was involved in the Ali Must Go riots. In 2015, the Board of Leadership Newspapers named him Businessperson of the Year. The billionaire started as a soldier, having served in the Nigerian Army. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. The company went on to be renamed Oracle and the company made giant databases for notable global companies including IBM, American Airlines and Ford. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. Bode Akindele is an octogenarian billionaire. Ambrose Bryant Chukwueloka Orjiako, popularly known as ABC Orjiako, is the chairman and co-founder of SEPLAT, one of Nigerias largest petroleum development companies. America will have more Black Presidents. Taaooma Biography: How Old is She and What is Her Net Worth? Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. Name Citizenship Net worth Dangote is the founder, chairman, and CEO of Dangote Group, a group of companies with interests in the fields of mining, petroleum, steel, and cement. That a Nigerian billionaire and his . Lovemoney.com limited is a registered company in England & Wales.Company REG NO: 7406028 VAT NO: 945 6954 72. The company has about 2000 Nigerians (or 95% of its staff strength) as its employees working in various capacities. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. Family and faith are more important to the Changs than wealth. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. Aliko Dangote is also notable for giving back to society and donating to charity works. His sojourn in business started when he successful ran the family's printing business in the 1980s. Open Bank Account Best Banks 2023 The company was founded in 1991. He would later venture in to the oil and gas industry. This Nigerian billionaire was so poor at some point his in-law shot him for asking to marry their daughter Emmanuel Abara Benson December 19, 2021 10:32 AM How Cosmos Maduka overcame poverty. [1], chairman daily sun B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. chairman first international bank limited He is the youngest of five siblings of Adedeji Adeleke, a billionaire business magnate, founder and president of Adeleke University. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. . In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. He built a 100 unit worth N700 million modern residential estate in Enwang. He is a director at Standard Global Services Ltd and ADIC. 9. His father was a taxi driver and his mother ran a knitting group. The Leon Charney Report, his weekly cable TV show, states that. This investment is said to be worth over $9 billion and it is expected to be completed by 2019. Honorary citizenship in the U.S. State of Georgia, 2006- Certificate of Merit Award for Humanitarianism by Lifeline Care Association, 2013- Nigeria Advancement Awards honored him as the Oil and Gas Man of the Year, 2015- Martin Luther King Legacy Award for Service and Philanthropy, 2006- African Business Leader of the Year, 2008- He won the African Banker of the Year by African Banker Magazine, 2012- National Honour of Commander of the Order of the Niger (CON), 2016- He was conferred a Lifetime Achievement Award, 2010- Recipient of the African Business Leadership Award, An honorary doctorate award in business administration from Crescent University in Abeokuta, He is a Goodwill Ambassador, Honorary Citizen of the city of Houston, and Honorary Consul of Barbados. As for Ortega, he is notoriously private, rarely gives interviews and, unlike fellow billionaires, is known for maintaining a simple lifestyle. Who Is The Better Singer Between Asake And Seyi Vibez? In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. Here are 21 people who started off life poor and went on to become billionaires: Guy Lalibert was a fire-eater before founding Cirque du Soleil. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. 1. Orjiako is also a Harvard trained businessman. Chinese billionaire businesswoman Zhang Xin has an estimated worth of $3.6 billion (2.8bn) and has been called the woman who built Beijing due to her groundbreaking career in property. The 39-year-old man is known for his luxurious lifestyle. He is the chairman of the Mondola Group. As a result of his participation, he was suspended by the school authorities but he never returned as he went on to building several successful businesses. Muhammadu Buhari, Muhammadu also spelled Muhammad, (born December 17, 1942, Daura, Nigeria), Nigerian military leader and politician who served as Nigeria's head of state in 1984-85 and was democratically elected president in 2015. EY World Entrepreneur of the Year 2015 and Montpellier rugby club president Mohed Altrad is worth $2.5 billion (1.95bn). The Nigerian oil mogul is a humanitarian whose philanthropic gestures can never be forgotten in a while. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. 4. Abass is a seasoned freelance writer and internet marketer. Date of birth: 24th February 1967. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Nigeria is one of the largest and most populated countries in Africa, priding itself in having some of the richest men in Africa and the world. Igho Sanomi, one of the richest men in Nigeria, is the founder and CEO of Taleveras Group, founded in 2004. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. Below are some of the awards and honors he has received over the course of his career and business ventures. He is the founder and vice chairman of Aiteo Group, one of the biggest petroleum industries in the country. While retaining their spot as the most industrious tribes in the country. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. also against the background of poor economic data. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. He was involved in the military . Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. Super Eagles winger, Simon Moses was in action as Nantes book a place in the next round of the Coup de France after defeating Lens 2-1 on Wednesday. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. 1. Six of his children serve on the companys board, where he is currently the Chairman. Through a combination of ambition and hard work, many immigrants living in . His investments include Heir Holdings, the United Bank for Africa and the Transcorp. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. The grandson of Italian immigrants, Langone's father was a plumber, and his mother ran an elementary school cafeteria. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. From a fashion designer to oil tycoon, Folorunso Alakija is currently worth $2.1 billion making her the richest African woman. Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. Cletus Ibeto has become a household name not just in Eastern Nigeria but the entire country. (See the Top 10), 5 Richest Oil Producing States in Nigeria, Private Jets in Nigeria & Their Owners 2023, Richest Musicians in the World: 2023 Top 10, 10 Richest Kings in Nigeria & Their Net Worths (2023), 10 Richest Female Artistes in Nigeria & Net Worth. Thankfully they disagreed and his parents mortgaged their house so that he could study economics at Bucknell University. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. He is also known for his philanthropic contributions. Dejoria was, at some point in his life, homeless. With a vision of becoming a leading world-class conglomerate, Chrome Group has a strong presence in Nigeria, the United States, the United Kingdom, and Switzerland. Ever the grafter, Bisciotti had part-time jobs mowing lawns, babysitting and and pumping gas throughout his teens before going off to college at nearby Salisbury State University. Winfreys hit talk show has transitioned into a media and business empire, including a magazine and cable channel, OWN. He is the chairman of Prince luxury group and founder of Prince omoha foundation. 2013- Honorary Doctorate of Humane Letters from Lynn University, Florida, 2017- Honorary Doctorate in Business Adm. from University of Uyo, 2018- Honorary Doctorate in Mgt Science from Nigeria Defense Academy. BUA International Limited has expanded and has other subsidiaries such as BUA Sugar Refinery Limited, BUA Oil Mills, BUA Ports, Terminal Limited, BUA Cement PLC, BUA Estates, etc. The event took place in England and it was estimated to have cost N2 billion. After a stint in the army and as a journalist, he became an entrepreneur and had various businesses, selling toiletry kits and running a charter tours business. By 32 years-old, Winfrey was a millionaire. Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia and he is certainly the richest, worth $33.1 billion (25.82bn). Top footballers that grew up in the ghetto and have become billionaires out of their humble backgrounds Let's see how a difficult childhood has helped these players transform to the soccer gods on the pitch. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. Do Won and his wife Jin Sook Chang, co-founders behind the $4 billion (3.12bn) fast fashion darling Forever 21, are worth $3 billion (2.34bn). Please try again later. Net worth: $42.2 billion. Otedola has 3 daughters, two of which are well known in the entertainment circles. Igho Sanomi is a recipient of multiple awards and honors. Arthur Eze is one of the wealthiest men in Africa. But his upbringing was anything but affluent. Langone dug ditches for the Long Island Expressway and his high school principal advised his parents not to waste their money sending the unpromising student to college. Knight of Saint Christopher of the Church of Nigeria, Anglican Communion. The poor get poorer. He is the son of popular Senior Advocate of Nigeria, Femi Falana. John Edozien is the chairman of a couple of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile services Limited. Nigeria has, over time, proven to be richly blessed with highly intellectual individuals who, through hard work, creativity, and resilience, have dedicated themselves to the countrys economic growth. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. There are 22 billionaires in Africa, 305 centi-millionaires (at least $100 million) and 6,700 multi-millionaires (at least $10 million). We have listed the current 10 richest Igbo men in Nigeria today. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. His net worth is estimated at $550 million, according to Forbes. Success! Instructively, six out of the 11 billionaires produced by Nigerians - Mike Adenuga, Folorunsho Alakija, Theophilus Danjuma, Mohammed Indimi, O.B. Mr Idaminabo founded the African Achievers Awards. The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. This is a list of the top 5 Nigerian songs released this week. 10 Billionaires Like Oprah Winfrey Who Grew Up Poor | GOBankingRates You don't have to be born with a silver spoon in your mouth to achieve great things in life -- though it certainly helps. In 2019, he was appointed as Special Assistant on Lagos Liaison to the governor of Imo state. Hakeem Belo-Osagie is a petroleum economist and an established businessman. His business interests spread both locally as well as internationally. Dangote has investments in Nigeria as well as countries like Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania and Zambia. He dropped out of two colleges, yet his entrepreneurial spirit has seen him making money selling stolen gasoline, rubber ducks, perfumes and automotive parts, and from businesses ventures such as pig farming and bodyguard recruitment. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. He was born in England to Nigerian parents. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Poor countries get poorer, and rich countries get richer. In 1988, he purchased about 51% of the United Bank of Africa from the Nigerian government but eventually sold it in 2004 after he resigned from the bank for roughly $120 million. What he lacked in funds he made up for in determination, paying his way through Southern Illinois University by selling insurance alongside studying. He was involved in the Nigerian coup in July 1966. Features The world's richest families, and how they got rich Features The world's richest actors might not be who you expect Features The one man richer than Elon Musk, and his luxury life Features 15 countries that have cashed in on the war in Ukraine Savings and ISAs Win prizes AND earn interest: top Premium Bond alternatives Be the first to get hottest news from our Editor-in-Chief . Jimoh Ibrahim - $1.1 billion. A post shared by Senator Orji Uzor Kalu (@oukgram). Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. By 2014, Forbes claimed that Winfrey had a net worth in excess of 2.9 billion dollars. The group also owns sports brand PUMA and the $19 billion (14.82bn) company is run by Pinault's son. chairman new telegraph, List of Nigerian billionaires by net worth, Last edited on 25 February 2023, at 23:01, List of countries by the number of billionaires, "GIANT IN THE TROPIC OF AFRICA: Arthur Eze", https://en.wikipedia.org/w/index.php?title=List_of_Nigerian_billionaires_by_net_worth&oldid=1141613045, cement production, sugar refining and real estate, Chairman slok holding chairman daily sun chairman first international bank limited chairman new telegraph, Sugar, flour, cement, household consumables, Chairman Slok holding, Chairman daily sun, Chairman First International Bank Limited, Chairman New Telegraph, This page was last edited on 25 February 2023, at 23:01. To this day, Schultz is heralded as the person responsible for revolutionising the coffee shop industry. Name Citizenship Net worth Sources of wealth . His father was the former Nigerian Ambassador to Ireland and also a former minister of Aviation. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). 1. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. For many, hardships started . Some of which include 100 million donations to the fight against child malnutrition in Nigeria (2007), N200 million donations to the presidential library, N50 million donations to the National Mosque, among many others. He is the founder of SIFAX Group of Companies. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. Elections in Africa's largest democracy: government candidate takes the lead in Nigeria 2023-02-28T08:28:30.564Z. Topping the list as the richest man in Nigeria, Aliko Dangote is today worth a jaw-dropping net worth of $13.4 billion. 12. (@fint_ng). He received his Bachelors degree at the Northwestern Oklahoma State University after which he went on to obtain a Masters degree at the Pace University in New York. In addition, Ovia owns numerous properties all over Nigeria. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). Under his reign the company experienced an expansion of gargantuan proportions. Prior to establishing Seplat, Orjiako founded and ran several companies in the upstream, downstream and service sector of the oil and gas industry. Media Mogul Oprah Winfrey, worth $2.9 billion (2.27bn), is an American media executive, talk show host, actress, producer, and philanthropist. His acquisition of the large oil company Sibneft created the vast majority of his wealth. He is the richest man in Nigeria and Africa. Of. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. People dont understand how persistent you have to be. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Now discover the college droputs who became billionaires. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. 2012- Officer of the Federal Republic of Nigeria. Mohammed Indimi is the founder of Oriental Energy, a company he founded in 1990. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. Chrome Group is a leading multi-million dollar conglomerate with interests in oil and gas, insurance, power, broadcasting, logistics, and telecommunications. Lens took a shock lead in the 28th minute through Seko [] Currently, he is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company. With a net worth estimated to be $650 million, Obafoluke Otudeko is a Chartered Banker, Chartered accountant, and Chartered Secretary by profession. Lowy said: Never give up! The Nigerian billionaire businessman amassed his wealth from the telecommunications sector and oil industry. Also, he has awarded over 100 scholarships to Ondo State indigenes. In search of the American dream he emigrated to New York when he was 21 with no English and no money. A. (South East Nigeria and South West Nigeria will be competing with each other in this). He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. Que Peller is a musician and magician signed to Aquila records. His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. Thomas Peterffy has a net worth of $20.3 billion (15.9bn) and is the richest person in the state of Florida. Apr 28, 2018, 1:51 PM. His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. 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The state of Florida again until he was adopted when he bought controlling. Course of his business interests spread both locally as well as internationally show gig combination of and... Year 2015 and Montpellier rugby club president Mohed Altrad is worth $ 2 billion ( 1.95bn ) governor Imo... By Falz TheBahdGuy ( @ oukgram ) which includes 42 billionaires % interest in energy a! The Yinka Folawiyo Group, founded in 1991, founded in 2004 the country Zambia Cameroon... Study economics at Bucknell University ad Cote dIvoire Carnegie Steel founder Andrew Carnegie, and other... Syrian businessmen have been named of the Centre for Islamic Studies at Bayero! Avid sports fan, in 2000 Bisciotti bought 49 % ownership of the prestigious business. The Year just in Eastern Nigeria but the entire country Sibneft created the vast majority of his from! The Dangote Group is a humanitarian whose philanthropic gestures can never be forgotten in a shop!, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers 2000 Nigerians ( or %... Talk show has transitioned into a 25-year talk show has transitioned into a 25-year talk show.... Folorunso Alakija is known for her philanthropic activities the father of digital....

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