Forbes Nigeria’s Billionaires: The 2024 Richest Men In Nigeria – Cars & Net Worth

Nigeria is one country that houses a lot of wealthy men both within the country and across the African continent. These men have amassed their wealth through various business ventures, and, to date, they continue to top the list of wealthy men in Nigeria. 

Below is a list of the ten richest men in Nigeria, their net worth, and some of the cars they own.

Aliko Dangote – $20.7 billion

The #1 spot for the richest man in Nigeria is reserved for no other than the Dangote boss, Aliko Dangote. His source of wealth is through cement and beverages production, auto manufacturing, and fertilizer production. He is the founder and chairman of Africa’s largest cement producer, Dangote Cement. He owns 85% of his company, with a net worth of $20.7B.

He’s cars include:

• Maybach 57S Knight Luxury
• Mercedes-Benz CL65 AMG
• Bugatti Veyron
• Bentley Mulsanne
• Toyota Landcruiser Prado

Abdul Samad Rabiu – $8.6 Billion

#2 on the list is Abdulsamad Rabiu, the second richest man in Nigeria with a fat net worth of $8.6 billion. He is the founder of BUA Group, a company involved in cement production, sugar refining, and real estate. 

The 61-year-old Kano-born businessman started his business importing iron, steel, and chemicals, he also inherited land from his father, a successful businessman. The cars he owns include:

• Armoured Mercedes Benz G-Wagon
• Mercedes Benz S-Class
• Toyota Land Cruiser Prado SUV
• Range Rover Sport

Mike Adenuga – $7 Billion

Mike Adenuga is #3 on the list of the richest men in Nigeria, with a net worth of $7 billion. He owns Globacom, a mobile phone network in the country. The network is the third-largest operator in Nigeria. He also owns Conoil Producing, an oil exportation business. 

Some of the cars owned by the Nigerian billionaire include:

• Armoured Bentley Mulsanne
• Mercedes Maybach S-Class
• Mercedes-Benz AMG C63
• Rolls-Royce Phantom
• Two Private Jets 

Arthur Eze – $5.8 Billion

#4 on the Nigerian wealthy men’s list is Arthur Eze, the CEO of Atlas Oranto Petroleum, one of the largest privately-held oil exploration and production companies in Nigeria. In 1992, he founded Triax Airlines following the deregulation of airlines in Nigeria. 

The 74-year-old billionaire owns two private jets, 5 Rolls-Royce, and 7 Maybachs.

Femi Otedola – $1.3 billion

In most Nigerian hip-hop songs, musicians tend to use Femi Otedola as a symbol of how wealthy they want to be. Indeed, Femi Otedola is a wealthy man, considering his mouth-watering net worth of $1.3 billion. Born on the 4th of November 1962 in Ibadan, Femi Otedola is a well-known CEO, entrepreneur and philanthropist. He is the father of a famous Nigerian disc Jockey, DJ Cuppy.

Femi Otedola was born on November 4, 1962, in Ibadan, Nigeria, to Sir Michael Otedola and Lady Doja. His father served as governor of Lagos State from 1992 to 1993. He studied at Obafemi Awolowo University from 1980 to 1985.

Cars: His expensive car list includes

• A Mercedes-Benz AMG G63
• A Mercedes Benz G-Wagon
• A Mercedes SLR McLaren
• A Rolls-Royce Phantom
• BMW 6 series

Private Jets: Femi Otedola cruises around in his private jet worth billions of naira. His private jet is furnished with a luxurious bedroom, a dining area, a living room, and a business cabin for business passengers who might want to travel in the jet.

Orji Uzor Kalu – $980 million

#6 on the list, is the former Governor of Abia state, a sitting senator of Abia North Senatorial District, and the Chief Whip of the House of Senate in the Federal Republic of Nigeria. Orji Uzor Kalu is both a businessman and an astute politician. He is the CEO of SLOK Holding, a company that invests in banking, shipping, manufacturing, oil trading, and media.

Some of his cars include:

• Porsche Panamera
• Mercedes Benz S-Class
• Range Rover Sports SUV

Cletus Ibeto – $732 million

Igbo businessman Cletus Ibeto is #7 on Nigeria’s list of wealthy men. He is the founder and chairman of Ibeto Group. His company deals in Cement, energy, and automotive parts production. His net worth of $732 million ranks him as one of the top billionaires in Nigeria. 

Some of his cars include:

• Rolls Royce
• Mercedes Maybach S-Class
• Innoson IVM G40
• Toyota Hilux

Emeka Offor – $629 million

#8 is the Anambra-born businessman Emeka Offor. He is a successful businessman and oil and energy tycoon. He is the founder and chair of The Chrome Group, an oil exploration firm with headquarters in Abuja.

Some of the cars owned by the businessman include:

• Toyota Landcruiser Prado
• Lexus RX
• Mercedes-Benz S-Class

Top 10 Richest Men in Nigeria 2024

Rank	Name	Net Worth
1	Aliko Dangote	$14.2 billion
2	Abdul Samad Rabiu	$7.6 Billion
3	Mike Adenuga	$6.3 Billion
4	Femi Otedola	$1.3 Billion
5	Arthur Eze	$5.8 Billion
6	Orji Uzor Kalu	$980 million
7	Cletus Ibeto	$980 million
8	Emeka Offor	$629 million

Conclusion

The list above contains the top 9 richest men in Nigeria in that order. Other wealthy men in Nigeria include Tony Elumelu and Obi Cubana. However, they don’t make it to the top 9 list of the wealthiest in Nigeria.