Forbes Nigeria’s Billionaires 2023: Top 10 Richest Men In Nigeria – Cars & Net Worth

9 Richest Men In Nigeria - Cars & Net Worth
9 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. 

Table of Contents

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

Aliko Dangote – $14.2 billion

Alhaji Aliko Dangote
Alhaji Aliko Dangote

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 $13.5 Billion.

He’s cars include:

Aliko Dangote Cars and Private Jet in 2021 – Dangote Car Gallery
Aliko Dangote Cars and Private Jet – Dangote Car Gallery
  • Maybach 57S Knight Luxury
  • Mercedes-Benz CL65 AMG
  • Bugatti Veyron
  • Bentley Mulsanne
  • Toyota Landcruiser Prado

Abdul Samad Rabiu – $7.6 Billion

Abdul Samad Rabiu
Abdul Samad Rabiu

#2 on the list is Abdulsamad Rabiu, the second richest man in Nigeria with a fat net worth of $7.9 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:

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

Mike Adenuga – $6.3 Billion

Mike Adenuga Career
Mike Adenuga

Mike Adenuga is #3 on the list of the richest men in Nigeria, with a net worth of $6.3 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:

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

Arthur Eze – $5.8 Billion

arthur eze
Arthur eze

#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. 

Arthur Eze Biography, Net Worth & Cars, Update Biography
Arthur Eze Biography, Net Worth & Cars, Update Biography

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

Orji Uzor Kalu – $3.8 Billion

orji uzor kalu
orji uzor kalu

#5 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 with investments in banking, shipping, manufacturing, oil trading, and media.

Orji Uzor Kalu car collection
Orji Uzor Kalu car collection

Some of his cars include:

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

Cletus Ibeto – $3.2 Billion

Cletus Ibeto
Cletus Ibeto

Igbo businessman Cletus Ibeto is #6 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 $3.8 billion ranks him as one of the top billionaires in Nigeria. 

Some of his cars include:

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

Emeka Offor – $2.9 Billion

Emeka Offor
Emeka Offor

#7 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:

Emeka Offor Cars
Emeka Offor Cars
  • Toyota Landcruiser Prado
  • Lexus RX
  • Mercedes-Benz S-Class

Femi Otedola – $2.7 billion

Femi Otedola Biography
Femi Otedola

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 $2.7 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 in the family of Sir Michael Otedola and Lady Doja on the 4th of November 1962 in Ibadan, Nigeria. His father served as governor of Lagos State from 1992 to 1993. He studied at Obafemi Awolowo University from 1980 to 1985.

Femi Otedola Net worth, Biography, Cars, House & Businesses
Femi Otedola Net worth, Biography, Cars, House & Businesses

Cars: His expensive car lists include

  • 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.

Andy Uba – $2.1 Billion

Andy Uba Biography
Andy Uba

#9 on the top 9 list is the 2011 Senator of Anambra South Senatorial District. He started his political career back in college, and his major source of wealth is politics. His current net worth is $2.1 Billion.

Top 10 Richest Men in Nigeria 2023

RankNameNet Worth
1Aliko Dangote $14.2 billion
2Abdul Samad Rabiu  $7.6 Billion
3Mike Adenuga$6.3 Billion
4Arthur Eze$5.8 Billion
5Orji Uzor Kalu$3.8 Billion
6Cletus Ibeto$3.2 Billion
7Emeka Offor$2.9 Billion
8Femi Otedola$2.7 billion
9Andy Uba$2.1 Billion
10Benedict Peters$2 billion


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

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  4. Hi,

    Thank you for this informative article on the wealthiest men in Nigeria and their cars.

    It’s fascinating to learn about the top billionaires in the country and the different industries they have found success.

    One thing that stands out is the number of billionaires on this list who have made their fortunes through the production of cement, sugar, and oil exploration.

    It’s a reminder of how valuable these industries are to the Nigerian economy and how they can contribute to the country’s growth.

    Another thing to note is the expensive car collections of these billionaires.

    Unsurprisingly, they have acquired luxurious vehicles to symbolize their success.

    It reflects the luxury that comes with wealth and the different ways that billionaires choose to showcase it.

    While it’s impressive to see the wealth amassed by these individuals, it’s important to note that Nigeria still struggles with poverty and economic inequality.

    As these billionaires continue to enjoy their success, there is a need for a more equitable distribution of wealth and opportunities for other Nigerians to succeed.

    This article provides a glimpse into the lives of Nigeria’s wealthiest individuals and their different paths to success.

    It’s fascinating to see how these billionaires have chosen to showcase their wealth and the different ways they contribute to the country’s economy.

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