Top 10 Richest People in Nigeria by Forbes 2021 Ranking

October 26, 2021

With a net worth of over $12 billion, Aliko Dangote is the richest man in Nigeria among the top ten richest men and women in Nigeria.

People are not surprised because he has long been recognized as Africa's richest man.

Aliko Dangote was born in Kano State, Nigeria, on April 10, 1957, to a rich Muslim family of Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata.

He is also the great-grandson of the late Alhaji Alhassan Dantata, who was the wealthiest man in West Africa before his death in 1955.

Aliko Dangote has amassed a fortune through his company, propelling him to the position of richest man in Nigeria at the age of 63.

#1.1 Aliko Dangote's Income Source

Dangote's principal source of revenue, which has boosted his net worth, is his cement factory, which is part of the Dangote Company Group.

The well-known industrialist controls more than 85 percent of Dangote's Cement, a publicly listed company in the Dangote Group of Companies. Dangote Cement manufactures up to 45.6 million metric tons of cement per year and operates in over ten African countries.

Other sources of revenue that have contributed to his net worth include his oil refinery, sugar refinery, salt refinery, and fertilizer firm, all of which are part of the Dangote group of companies.

The Dangote Group has extended its operations in various countries of Africa, including Benin, Ghana, Zambia, and Togo, where it distributes cement, sugar, salt, and Dangote flour, increasing Aliko Dangote's net worth.

Dangote's sugar industry is the largest in Africa and the third-largest in the world, generating over 800,000 tons of sugar each year - a significant value that contributes to his enormous net worth.

Former President Goodluck Jonathan bestowed on him Nigeria's second-highest honor, the Grand Commander of the Niger (GCON) Order.

Mike Adenuga is the second name on the list of the top ten richest persons in Nigeria for 2021.

Michael Adeniyi Agbolade Ishola Adenuga is Nigeria's second richest man. Mike Adenuga is a multibillionaire with a net worth of $6.3 billion.

Michael Adeniyi Agbolade Ishola Adenuga was born on April 29, 1953, in Ibadan, Oyo State, to Oloye Michael Agbolade Adenuga Snr and Omoba Juliana Oyindamola Adenuga.

Close colleagues refer to Mike Adenuga as "John Bull."

Titi Joyce Adenuga is the Nigerian billionaire's wife. Mike Adenuga is the father of seven children.

Mike Adenuga's Income Source

Because to his multiple business activities and enterprises, Mike Adenuga made Clacified's list of the top ten richest persons in Nigeria.

Mike Adenuga, one of Nigeria's most successful businessmen, has amassed so much fortune that he is now the country's second richest man.

Mike Adenuga became a billionaire when he was just 26 years old.

Mike Adenuga made his fortune in telecommunications and oil extraction. Mike Adenuga is the creator of Globacom, Nigeria's second biggest telecommunications network.

Globacom controls around 28% of the Nigerian telecommunications market.

Globacom has more than 55 million users. Mike Adenuga is also the owner of Conoil, a Nigerian oil business with over six oil blocks.

In 2009, the EFCC arrested Mike Adenuga for a felony touching on money laundering. Mike Adenuga later flew out of Nigeria, only to return after ex-President Umaru Musa Ya'dua pardoned him.

With a net worth of 5.5 billion US dollars, Abdulsamad Rabiu is the third richest person or man in Nigeria, ranking third among the top ten richest persons in Nigeria.

Abdulsamad Rabiu was born in Kano State on August 4, 1960. Rabiu, like Aliko Dangote, was born into a rich family.

Rabiu's father, the late Khalifah Isyaku Rabiu, was an early Nigerian industrialist who amassed considerable riches.

Abdulsamad Rabiu holds a Bachelor of Science in Economics from Capital University in Columbus, Ohio.

Rabiu is married with children, one of whom is Khadija Rabiu.

His notable siblings include Nafiu Rabiu (a renowned businessman) and Rabiu Rabiu, the Chairman of IRS Airlines.

Rabiu's father was imprisoned by General Muhammed Buhari's administration on suspicions of duty aversion on rice imports during the military dictatorship.

Abdulsamad Rabiu was 24 years old when his father was arrested, prompting him to return home after finishing his studies and taking over his father's companies.

The current situation of Rabiu's corporate empire demonstrates how effective Abdulsamad Rabiu was in guiding the firm around.

Earnings of Abdul Samad Rabiu

Abdul Samad Rabiu is the founder of the BUA group, a Nigerian conglomerate that is involved in cement manufacturing, food goods such as flour and pasta, sugar, edible oils and rice, ports, iron/steel, and real estate.

He founded BUA International Limited in 1988 for the primary purpose of commodities trading before it expanded into a massive multi-purpose firm that has gained him so much fortune that he is now the third richest man in Nigeria among the top ten richest men.

Delta Steel Company, which was owned by the government, contracted with BUA in 1990 to supply raw materials for completed goods. This gave the young firm with a much-needed windfall.