Nigeria’s list of high-net-worth individuals reflects the country’s diverse economy—spanning cement, oil and gas, telecommunications, banking, and more. According to a comprehensive 2025 survey by Legit.ng, here are the 20 wealthiest Nigerians, ranked by estimated net worth and accompanied by their primary sources of wealth.
| Rank | Name | Net Worth (USD) | Source(s) of Wealth |
| —- | ———————————- | ————— | —————————————————————- |
| 1 | Aliko Dangote | \$23.2 billion | Cement, fertiliser, sugar, manufacturing |
| 2 | Alafaa Kariboye‑Igbo (“Oil Money”) | \$6.3 billion | Real estate, oil & gas, auto dealership, entertainment |
| 3 | Mike Adenuga | \$6.2 billion | Telecom (Globacom), oil (Conoil) |
| 4 | Arthur Eze | \$5.0 billion | Oil exploration, aviation |
| 5 | Abdulsamad Rabiu | \$4.7 billion | Cement production, sugar refining, real estate (BUA Group) |
| 6 | Orji Uzor Kalu | \$3.2 billion | Manufacturing, transportation, political career |
| 7 | Benedict Peters | \$2.7 billion | Oil & gas industry (Aiteo Group) |
| 8 | Cletus Ibeto | \$2.5 billion | Cement, energy, automotive parts |
| 9 | Tony Elumelu | \$2.15 billion | Banking (UBA), investments, hospitality, energy (Heirs Holdings) |
| 10 | Andy Uba | \$2.1 billion | Business and political interests |
| 11 | Emeka Offor | \$1.5 billion | Oil & gas (Chrome Group) |
| 12 | Femi Otedola | \$1.4 billion | Energy (Geregu Power), finance, real estate |
| 13 | Leo Stan Ekeh | \$1.2 billion | ICT (Zinox, Konga) |
| 14 | ABC Orjiako | \$1.2 billion | Oil & gas (SEPLAT) |
| 15 | Theophilus Danjuma | \$1.1 billion | Military career, shipping, oil exploration |
| 16 | Jimoh Ibrahim | \$1.1 billion | Hospitality, insurance, transportation, oil & gas |
| 17 | Igho Sanomi | \$1.0 billion | Oil trading, shipping, real estate |
| 18 | Pascal Gabriel Dozie | \$1.0 billion | Banking (Diamond Bank), telecom (MTN Nigeria) |
| 19 | Folorunsho Alakija | \$1.0 billion | Oil (Famfa Oil), fashion, real estate |
| 20 | Jim Ovia | \$980 million | Banking (Zenith Bank), property |
Aliko Dangote remains Africa’s richest man, with a staggering $23.2 billion, thanks to his cement and commodities empire.
Folorunsho Alakija is the sole woman in the top 20, her $1 billion fortune built on offshore oil interests, fashion, and real estate.
Tech and finance moguls like Tony Elumelu and Pascal Dozie underscore the growing importance of banking and digital services.
Political figures and former public servants, including Orji Uzor Kalu and Andy Uba, feature prominently—reflecting the nexus of business and governance.
What This Means
Nigeria’s richest continue to leverage core sectors—oil & gas, manufacturing, and finance—while emerging industries (ICT, tech services) are breaking into the billionaire club. The presence of only one woman in the top 20 highlights ongoing gender disparities in high-value industries. As the economy diversifies, watch for new entrants from agriculture tech, renewable energy, and creative industries.
