The list below is a compilation of the richest men in Nigeria and their cars starting with the richest of them all. Even though the type of car a billionaire chooses to drive does not nearly define the amount of wealth he has amassed but it defines his taste and choice.
Either way, Nigerian billionaires have proven over the years that they have some great taste in cars which is why NaijAuto.com presents this article on their individual net worths and cars they drive.
Top 10 richest men in Nigeria in 2019 by net worth
People often say money does not bring us happiness but with money, we facilitate the journey to happiness and at least, we can help others better with both heart and wealth. There is a fact that even though we all have a big heart and feel for the poor and the unlucky out there, most of us don’t really help those less fortunate than the rich who might now really care for them but care more about their reputation or business awareness. According to an Oxfam report, the combined wealth of Nigeria’s five richest men could end extreme poverty in the country. So, today Naijauto.com bring you these people who are whether willing to help or not are drawing a better picture of the future for our unlucky fellows!
|10 richest men in Nigeria by net worth (updated 2019)|
|#1||Aliko Dangote||$10.33B ~ ₦3,724B|
|#2||Mike Adenuga||$9.21B ~ ₦3,320B|
|#3||Jimoh Ibrahim||$1.1B ~ ₦397B|
|#4||Pascal Dozie||$1.1B ~ ₦397B|
|#5||Folorunsho Alakija||$1.09B ~ ₦393B|
|#6||Fifi Ekanem||$600M ~ ₦216B|
|#7||Jim James Ovia||$550M ~ ₦198B|
|#8||Orji Uzor Kalu||$330M ~ ₦119B|
|#9||Femi Otedola||$300M ~ ₦108B|
|#10||Hajia Bola Shagaya||$32M ~ ₦11.5B|
Mesmerized by their net worth? Now see how they make those hefty fortune and what kind of assets they own:
10 richest men in Nigeria, their houses & cars
#10. Hajia Bola Shagaya ($32M ~ N11.5B)
Ranked #10 in the list of richest men in Nigeria is Hajia Bola Shagaya. She was born on October 10, 1959, in Ilorin, Kwara State where she attended primary and secondary schools. She had her tertiary education at Ahmadu Bello University, Zaria and Armstrong College, California where she studied Economics cum Accountancy.”
Hajia Bola Shagaya‘s net worth
She started a career as a banker and worked in the audit section of Nigeria’s Apex bank before she ventured into business in 1983.
Her business experience began with the import and circulation of photographic materials, as the only West African agent of a leading photographic company, Konica.
She proceeded to launch Fotofair (Nigeria) Limited, which is a leading photo laboratory company in Nigeria laboratories scattered across the nation.
Around 2005, she emerged as the managing director of Practoil Limited and instituted another exploration company in 2011, Voyage Oil and Gas Limited.
Hajia Bola Shagaya‘s vehicles
She acquired the latest edition of a new Gulfstream G650 model jet reportedly valued at N11.5 billion. She also purchased a Rolls-Royce worth N36 million.
Hajia Bola Shagaya purchased a Rolls-Royce worth N36 million
#9. Femi Otedola ($300M ~ N108B)
On the rank #9 of the richest men in Nigeria is Femi Otedola who is very familiar on the media with 2 famous and beautiful daughters – Temi Otedola & DJ Cuppy. Femi Otedola was born on the 4th of November, 1962 to the late Sir Michael Otedola and Mrs. Nana Otedola in Ibadan, Nigeria.
Femi Otedola’s net worth
Femi Otedola graduated from the Obafemi Awolowo University, (OAU) formerly referred to as the University of Ife. As soon as he graduated, Otedola headed the family’s printing press business for a while before he switched into the lucrative lane of the oil business.
Femi Otedola is one of the best names in the oil industry
He founded Zenon Oil, a company involved in the importation and marketing of petroleum products. He is also the chairman Forte Oil Plc.
In 2016, Forbes estimates his net worth of $300,000 billion.
Femi Otedola’s property
Femi Otedola is a millionaire that possess at least three houses in Lagos. Another is in Abuja where he meets with officials. In fact, it is said that Femi Otedola houses are situated all over Nigeria. Femi Otedola possesses a private jet which is worth more than sixty million dollars.
Femi Otedola’s cars
Femi Otedola owns a fleet of luxurious cars. He maintains a Mercedes fleet in Nigeria. He also maintains the Rolls-Royce custom-designed cars, built in Great Britain. Both fleets cost about $1 billion. His Mercedes cars are bulletproof include a Mercedes Benz AMG 63, He recently acquired a Mercedes-Benz Mclaren SLR valued at N250 million.
The businessman has sweet relationships with his daughters. He must be very proud of his two talented daughters with one being a famous owner of JTO Fashion Blog while other succeeding in the music industry. Seems like his kids share the same passion for exotic cars with their father as Femi once gifted Temi Otedola a red Range Rover while another time he presented his DJ daughter a white Range Rover.
Dj Cuppy drove her father’s Rolls-Royce when she was in Britain
Cars owned by Femi Otedola
Femi also drives a Mercedes-Benz G-Wagon. This car was seen in his mansion in Ikoyi. The initial cost of this car is about $300 000. The bulletproof system and the custom design hikes its cost to $400 000.
#8. Orji Uzor Kalu ($330M ~ N119B)
He was born on April 21, 1960, to the of Mr. Johnson Uzor Kalu and Mrs. Eunice Uzor Kalu. He obtained a BSc honors in Political Science at the Catholic University, Washington – USA where. Orji Uzor Kalu had a keen interest in business so he went further to study Business Administration at Harvard University.
Orji Uzor Kalu made his name in arms and ammunition industry
Orji Uzor Kalu’s net worth
Orji Uzor Kalu got his biggest contract when he won a deal to provide arms and ammunition to the Nigerian Military in the early 1980s. Orji Uzor Kalu has a net worth of $330 million.
Orji Uzor’s property
Orji Uzor Kalu lives a life of luxury as he has two private jets, houses in Lagos, Abia, Maryland USA and fleets of cars to his credit. His cars include a Bentley and a Range Rover.
Some of Orji Uzor’s cars
Orji Uzor’s private jet
Orji Uzor’s mansion
#7. Jim James Ovia ($550M ~ N198B)
Jim Ovia was born on November 4, 1951, in Agbor, Delta State. Jim Ovia studied at the Southern University, Louisiana, the USA where he got a B.Sc degree in Business Administration. Jim Ovia is a notable philanthropist and has headed numerous Non-Governmental Organisations (NGO) at different times.
Jim James Ovia’s net worth
He is the founder of Zenith Bank. He also founded the Youth Empowerment / ICT Foundation, which centers on cultivating the socio-economic welfare of the Nigerian youths by motivating and inspiring them to embrace Information and communication technology. Jim Ovia’s net worth is valued at $550 million.
Jim James Ovia’s property
He has a multi-million dollar mansion in Agbor, Delta state, and a 14-storey office complex in Lagos.
Jim James Ovia’s cars
He has a fleet of cars, amongst which is a Rolls-Royce Phantom.
Among all of his cars, the Rolls-Royce Phantom seems the best
#6. Fifi Ekanem ($600M ~ N216B)
The list of 10 richest men in Nigeria can’t be complete without Fifi Ekanem Ejindu. Fifi was born in the year 1962 to a royal family in Ibadan, Nigeria. Her grand-father is King James Ekpo Bassey of Cobham Town in Calabar.
Her father, a university professor at the University of Ibadan, Professor Sylvester Joseph Una was once a Minister of Health in Nigeria.
Fifi Ekanem joined hands in real estate in Nigeria
She pursued her secondary education at the staff school of the University of Ibadan and proceeded to Queens College, Lagos.
She went further to acquire a B.A and a Masters in Urban Planning at the Pratt Institute, Brooklyn New York where she studied architecture.
Fifi Ekanem’s net worth
She founded Starcrest Group of companies in 1995 which was involved in real estate, building construction, oil, and gas. She was awarded the African Achievers African Arts and Fashion Lifetime Achievement award in 2013. She is worth $600 million.
Fifi Ekanem cars
Fifi is one of the 8 Nigerian women who own a Roll-Royce. She bought a ₦130 million worth Rolls-Royce Ghost for her 51st birthday.
Fifi Ekanem owns a Rolls-Royce Ghost. She’s also known to gift her friends Rolls-Royces
#5. Folorunsho Alakija ($1.09B ~ N393B)
Folorunsho Alakija, once richest black woman on Earth, was born on July 15, 1951, in Ikorodu, Lagos State to the family of Chief L.A. Ogbara. She traveled to the United Kingdoms at age seven for her primary school education at Dinorben School for Girls in Hafodunos Hall in Llangernyw, Wale. She studied secretarial studies at Pitman’s Central College, London. Afterward, she also attended the American College, London and the Central School of Fashion to study fashion design.
She is one of only 3 women makes it to the list
Folorunsho Alakija’s net worth
Folorunsho began her career in 1974 as an executive secretary at Sijuade Enterprises in Lagos, Nigeria. She continued at the First National Bank of Chicago, now FinBank for a number years. Afterward, she established Supreme Stitches, a tailoring company. She ventured into Oil and gas in 1993. She amassed so much wealth and was once referred to as the richest black woman in the world. She is worth $1.09 billion, the largest among 3 women in the list of 10 richest men in Nigeria.
Folonrunsho Alakija’s cars
She owns a Bombardier Global Express XRS, one of the most exclusive and deluxe jets in Africa. Folorunsho Alakija loves luxury cars, she owns a Mercedes-Benz G-Wagon valued at N20million among other cars. She also travels in her Bombardier Global Express XRS worths around 46 million dollars (~₦16.7 billion).
Madam Folorunsho Alakija Mercedes-Benz caught in the street
#4. Pascal Dozie ($1.1B ~ N397B)
Pascal Dozie was born on April 9, 1939, in a small town in Imo state. He had his primary and education in Imo State and then went ahead to bag a degree in Economics from the Lagos School of Economics. He further obtained a masters in Administrative Science at the City University, London.
Getting big in his hand, Pascal Dozie, however, lives a normal life without bragging his property and assets
Pascal Dozie’s net worth
Pascal Dozie is the founder and previous Diamond Bank and one of the 6 largest individual founder shareholders in MTN. He is also a Co-Founder, and Non-Executive Partner at the African Capital Alliance. Although he hold a net worth of $1.1 billion, he never shows off his luxury belongings.
#3. Jimoh Ibrahim ($1.1B ~ N397B)
Jimoh Ibrahim, CEO of Global Fleet Group, was born on the 24th of February 1967 to a local fish seller mother and a bricklayer father. Born in a remote village in Ondo state, he attended Community Grammar School, Igbotako and continued his education at the Federal School of Arts and Science, Ondo state. He completed a degree in international law at the prestigious Obafemi Awolowo University.
Jimoh Ibrahim is a director at the prestigious Nicon group which has a number of subsidiaries. They include Nicon Academy, Nicon Airways, Nicon Energy, Nicon Hotels, Nicon Insurance, Nicon Investment, Nicon PFA, Nicon properties, Nicon Trustee, Nicon United Kingdom, and Nicon Sao Tome.
Jimoh Ibrahim’s net worth
His net worth is presently valued at $1.1billion.
Jimoh Ibrahim’s cars
Jimoh Ibrahim loves a luxury lifestyle and got himself a N300 million Rolls-Royce for his 50th birthday, making the list of 40 Nigerian Roll Royce owners.
Jimoh Ibrahim got himself a N300 million Rolls-Royce for his 50th birthday
#2. Mike Adenuga ($9.21B ~ N3,320B) – The second richest man in Nigeria & Africa
Michael Adeniyi Agbolade Ishola Adenuga Jr was born on April 29, 1953, in Ibadan, Nigeria. He studied Business Administration at the Northwestern Oklahoma State University and Pace University, New York. His telecom company Globacom grew rapidly and competed largely with MTN Group, the largest multinational telecom company in Nigeria. He was branded the African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on August 15, 2007.
Mike Adenuga is also the second richest man in the continent
Mike Adenuga’s net worth
His enterprise, Globacom, is the second-largest telecom operator in Nigeria, with a large presence in Ghana and Benin republic. Forbes (2019) valued his net worth at $9.21 billion. With this net worth, Mike Adenuga also takes the 2nd position in the list of Top 10 richest men in Africa (after Aliko Dangote).
Mike Adenuga’s property
He owns an estate in Banana Island which he branded as the Gold digger’s den. The estate comprises nine (9) duplexes, a church, a mosque, two watchtowers and a multipurpose hall that seats 200 people. His personal duplex has a home office, indoor swimming pool, car park, helipad, and a yacht deck that occupies about 3 hectares.
Mike Adenuga’s cars
He recently acquired a burial tomb (Dysney vault) for N200 million at the upscale vaults and Gardens, Ikoyi. He drives an Audi A7, a Mercedes AMG G63 among other expensive cars. He also maintains two Rolls-Royce, one in Nigeria and the other in London. In addition to all that, Mike Adenuga owns a private jet and drives a 35 million naira Bentley Continental GT.
#1. Aliko Dangote ($10.33B ~ N3,724B) – the official richest man in Nigeria & Africa
Aliko Dangote was born on April 10, 1957, to an affluent and highly esteemed family. Dangote was raised by Alhaji Alhassan Dantata, his grandfather, who was once the richest man in Africa. He studied business studies and administration at the Al-Azhar University, Kairo. According to several reports, Aliko discovered his passion for business from a very tender age and many years down the line, he founded the Dangote Group in the year 1977.
Not only number one in Nigeria, but Aliko Dangote is also the richest man in Africa
The company from inception became a major producer of pasta, flour, and sugar. At the moment, Dangote Group has diversified into many businesses which are all subdivisions of the Dangote Group. They are Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote Oil Refinery in Ibeju Lekki Lagos is the largest refinery in Africa.
Aliko Dangote’s net worth
He was the 6th on the list of the “100 Most Influential Philanthropists” organized by Richtopia, other awards include Forbes Africa Person of the Year 2014 and Clinton Global Citizen Award 2015. At the moment, Dangote is worth $10.33 billion and with that amount of money, he is currently the richest man in the entire Continent of Africa as well.
Aliko Dangote’s property
Aliko has a tastefully designed castle-like mansion in the UK. In 2013 he acquired a state of the art yacht adorned with many impressive gadgets. In addition to a N15b yacht that used to give the ride to Anthony Joshua, Aliko Dangote owns a super classy Bombardier’s Global Express XRS private jet that’s worth $45 million.
Aliko Dangote’s cars
When it comes to cars, the richest man in Nigeria and also in Africa did not disappoint. Aliko Dangote’s car fleet has no place for a mediocre car. All the exotic cars come at prices that a normal person would only dream of. They are the $1m Maybach 57S Knight Luxury, $2m Bugatti Veyron, $310,000 Bentley Mulsanne, etc.
Interesting facts about Aliko Dangote
- He only needs 1314 hours equivalent to 55 days of work to buy his $2.3 million Bugatti Veyron.
- Though being a billionaire, Aliko Dangote once ignited public and media interest by riding a bus alongside Femi Otedola and Governor Ambode.
Now you’ve learned that two richest men of Nigeria are actually the two men who are richest in Africa. What is your thought? Who do you think can make it to the list next year?
All in all, hope you have a nice time reading this article on 10 richest men in Nigeria and their cars. You can find more articles like this on Najauto.com.