nigerian billionaires from poor backgrounds

Raised by his grandmother, Altrad was banned from going to school, but an innate drive to learn saw him attending school anyway. He has a nonprofit organization, Jim Ovia Foundation, that invests in the Nigerian youth, providing them with university scholarships and ICT empowerment skills. He is reportedly worth over $400 million. In 1978, Langone co-founded US retail giant Home Depot with Arthur Blank and Bernard Marcus. John Obi Mikel - $45 million John Obi Mikel poses before the Russia 2018 World Cup Group D football match between Nigeria and Iceland. Hakeem is a renowned philanthropist and one of the largest donors to the African Leadership Academy. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. 7. Atlas Oranto Petroleum owns equity and working interests in several acreages across the Gulf of Guinea; this includes countries like Nigeria, Ivory Coast, Sierra Leone, Liberia, Ghana, Mali, Senegal, Equatorial Guinea, Gambia, and the Republic of Benin. When John Paul DeJoria was a child he sold Christmas cards and newspapers to support his family. He was the owner of Visafone Communications Limited, which he had long sold to MTN. Yet, ostensibly the country's economy . Through his fathers university, Michael Otedola University, he set up a scholarship scheme which has helped over 1000 students since its inception. A post shared by Senator Orji Uzor Kalu (@oukgram). (@its_lynxxx). Who Was Julius Agwus Wife and What Happened to His Marriage? When World War II broke out, Lowys family moved to Hungary to avoid being arrested by the Nazis. Kering now owns fashion brands Saint Laurent, Alexander McQueen and Stella McCartney, to name a few. As CEO of Las Vegas Sands Corporation, he made his money in creating dazzling casinos and hotels all over the world. He is the patron of a famous South African artist William Kentridge notable for his animated films, drawings, and paints. The foundation currently partners with 50 NGOs throughout Nigeria to achieve its aim. A post shared by Billionaires.Africa (@billionaires.africa). Alas, the optimism fizzled out faster than the W However, the 82-year-old has not forgotten his humble beginnings and still phones his electricity provider if he needs to challenge his bill. What Is Josh2Funnys Biography and Does He Have a Wife or Girlfriend? Arthur studied chemical and mechanical Engineering at the California State University. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. Femi is one of the major shareholders in the United Bank of Africa (UBA) and Zenith Bank. After serving in World War II, Murdock found himself homeless with little more than a dollar to his name. He also freed Jaja Wachuku from detention by the Ojukwu government towards the end of the civil war. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Mike Adenuga ranked 2nd in the list of richest men in Nigeria. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. He is the chairman of Forte Oil Plc, a major importer of fuel products. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. People shall go to Space (the Moon and other Planets) from their houses in Africa. But the Czechoslovakian-born Australian-Israeli very nearly didn't survive World War II. Abass is a seasoned freelance writer and internet marketer. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. Mike Adenuga carries out his kind and humanitarian gestures through his foundation, Mike Adenuga Foundation. According to the recently released Forbes list in 2017, Mike Adenugas net worth is estimated at $5.8 billion and he is the third richest person in Africa. Lulu-Briggs and Sani Bello - have oil as one of their sources of income, while come combine oil and telecommunications as well as other self initiatives as the Forbes list shows. He also owns the world's third-largest yacht (which he. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). also against the background of poor economic data. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Buzznigeria.com copyright 2021. Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. He is the only son of Chief John D. Edozie, a former deputy governor of defunct Bendel State. He holds stakes in United Bank for Africa (UBA), two undeveloped offshore oil fields in the Nigeria-Sao Tome Joint Development Zone, Nascon Allied Industries, which deals in food manufacturing and fertilizer, and other personal investment and businesses. Apr 28, 2018, 1:51 PM. He was the chairman of the United Bank of Africa between 1998 and 2004. Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. Jae C. Hong/AP. He is the co-founder of Allegis Group, the world's largest private staffing firm, although these days he is more well-known for being the majority owner of American football team the Baltimore Ravens of the NFL. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. Once there, Langone worked as a caddy, butcher and ditch digger to stay afloat. Her brainchild in philanthropy is the Rose of Sharon foundation which is a non governmental organization that helps widows and orphans by empowering them through scholarship and business grants. A post shared by Blindspotng (@blindspotng). The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. As part of his philanthropic gestures, Jimoh in 2019 donated N40 million to support the Ondo State government to fight against the Covid-19. Rabius first and main business venture is BUA International Limited which deals in rice importation, sugar and vegetable oil, flour, iron, and steel. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Que Peller is a musician and magician signed to Aquila records. He has, over time, donated generously to PDP and supports other political parties as well. Listen: Stormzy Features Rema On Hide & Seek Remix, Listen: Wizkid Joins Don Toliver On New Song Slow Motion, Listen: DJ Tunez Teams Up With Portable For New Single Banga, Falz Features Tekno In Socio-Political Song Owa, Fix My Eyes On You Ada Featuring Sinach, Official Video Out Now, Tim Godfrey Iyanu A Sele ft. 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Kanayo, Libianca Reveals Ayra Starr & Omah Lay Are Featured On People Remix, I Have Done More For Nigeria Than The 3 Presidential Candidates Combined Burna Boy, Patoranking Preaches Love Amidst Violence On Abobi [REVIEW], Shanty Town Review: A Tale Of Crime, Deceit And Dark Politicking, Review: Cheesy As Love, Sleazy As Ego, The Eagle Is Soaring, History And Literary Concepts: A Review Of Elesin Oba (The Kings Horseman), MIXTAPE: DJ PlentySongz Best Of Asake x Seyi Vibez 2023 Mix, Afrobeat Mixtape: Cheers To 2023 by DJ Ayi, MIXTAPE: DJ Ayi BBA Mix (Bad Boy Ayi), Heres Why Yoga Is Asakes Worst Song So Far. In 1998, Troutt sold Excel Communications to Teleglobe in a $3.5 billion (2.7bn) deal and reinvested the profits in stocks, bonds and horses. Tayo Aina 547K subscribers Subscribe 1.9M views 1 year ago LAGOS Meet the Nigerian Billionaire who started from Nothing is another. According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. Cheung Kong Plastics, named after the Yangtze River, was started with $6,500 in savings and loans from relatives, but he eventually moved into real estate. Trained as a lawyer, Hakeem Belo-Osagie is also a graduate of the prestigious Harvard Business School. Oba Otudeko has an estimated worth of $650 million. For many, hardships started . In 2009 Koum co-founded real-time messaging app WhatsApp. Six of his children serve on the companys board, where he is currently the Chairman. Nigeria The combined wealth of Nigeria's five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. Offshore accounts protect these crooks." Ultimately, Pakistan's top court removed Sharif from office as a result of an inquiry sparked by the Panama Papers. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa. They started from the bottom, but their hard work has paid off. His sojourn in business started when he successful ran the family's printing business in the 1980s. 2012- Officer of the Federal Republic of Nigeria. With an impressive net worth pegged around $650 million, Tunde is one of the richest men in Nigeria. He founded Credit Transactions and Investments Limited (CTIL), an energy consulting firm. from Oxford University in England. Its a true revelation. A post shared by Espact | Business Plan | Tech (@espactonline). Aged 19, Xin flew to England to learn English at a language school in Oxford. L.A.X is a Nigerian artist with the birth name, Damilola Afolabi. According to Forbes, he's also the richest black person in the world . In search of the American dream he emigrated to New York when he was 21 with no English and no money. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. In 1999 Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. Meet the Nigerian Billionaire Who STARTED FROM NOTHING! Over the years, this businessman has mastered the art of producing these commodities locally. Her 25.5% of the network is worth about $75 million (58m) and Winfrey also owns an 8% stake in Weight Watchers, acting as their brand ambassador. Nigeria is a country that is home to many wealthy individuals. Reinvested, the profits from her show add up to nearly $2 billion (1.56bn). It would be recalled that Dickens was the second National Vice President of Urhobo Progress Union. As a result of his participation, he was suspended by the school authorities but he never returned as he went on to building several successful businesses. Her 65-acre Californian estate is large enough for Winfrey to run a two-mile route without leaving the property. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. He took over the company from his father, Wahab Folawiyo when he passed away in 2008. 1. He donated a multi-million-dollar International Business Centre to Lynn University in the USA, which was eventually named after him. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. But sadly it wasnt enough and he was sent to foster care and wound up in a gang, before finding an olive branch in the form of the military. Tony Elumelu is an alumnus of the Harvard Business School. The riches of Dangote is not so important now as the riches of all Africans. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteDIvoire and Benin. Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil. Emeka Offor is a Nigerian serial businessman, oil magnate, and philanthropist. Peterffy was born in Budapest, Hungary in 1944 in a hospital basement during a Russian air raid. He was responsible for leading Zenith Bank to become one of the largest and most profitable banks in the country. The company has over time expanded to many subsidiary companies, including Chrome Oil Services, Kaztec Engineering Ltd, Global Scan systems Technology Limited (GSTL), Enugu Electricity Distribution Company, Inland Containers Nigeria Ltd, Blaze 91.5 FM, Kiss 99.9 FM, Nimek Investment Ltd, Starcrest Nigeria, Global Scan systems Limited (GSL), Interstate Electrics Ltd, and Kingsbury Trading Ltd. On the side of Philanthropy, the oil mogul created Sir Emeka Offor Foundation (SEOF) in the early 1990s, a non-governmental organization that oversees the welfare of the less-privileged in society. Am I not the richest guy in Africa, this is not fair, I want start business with my boss Alh. Jim Ovia is the man behind the success story of one of Nigerias top banks, Zenith Bank. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. Danjuma was also able to prevent the Dimka Coup in 1976. Derin Philips, better known as DJ Caise, is a Nigerian DJ, Radio Personality and Record producer signed to Chocolate City. Oba Otudeko worked as banker for over 2 decades rising to the position of Chief Executive Officer of the Cooperative Bank in Ibadan. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. The scale ranges from 1 to 10. . Last but not least, the "born on home plate" crowd. Folorunso Alakija made headlines a few years ago when she unseated Oprah Winfrey to become the richest black woman in the world. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. He dropped out of two colleges, yet his entrepreneurial spirit has seen him making money selling stolen gasoline, rubber ducks, perfumes and automotive parts, and from businesses ventures such as pig farming and bodyguard recruitment. Koum relied on food stamps and swept floors to make ends meet. The following is a list of Nigerian billionaires. A post shared by Emmanuel Ojei (@ojeiemmanuel). Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. Nigerian billionaire Abdul Samad Rabiu says it's time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. He is also leading the way by a building a major refinery in the country that will eliminate the countrys dependence on oil importation. Forbes 30 Under 30: Meet Omoha Nduka, 25-Years-Old Nigerian real Estate Billionaire Omoha Nduka John is an award winning Nigerian real estate entrepreneur, investor and philanthropist. In its 2013 list of billionaires,. ADVERTISEMENT. Like many business moguls, he has his fingers in lots of pies. 1. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. He is the founder of Oriental Energy Resources, a privately owned Nigerian oil exploration and production company that owns three major offshore assets in Nigeria, including OML 115, Ebok Field (OML 67), and the Okwok Field (OML 67). 2019-International Humanitarian Award by Young Foundation Incorporated, Atlanta, and Georgia. All Vecchios hard work and work experience paid off and at 25 he went on to open his own moulding shop. Li hasnt always been so blessed. The report, 'Inequality in Nigeria,' exposes the large and growing gap between rich and poor. His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. This firm would later metamorphose in to what is now known as the Dangote Group. Hip Hop Music in Nigeria will become the best in the whole World. Date of birth: 24th February 1967. A post shared by The Heritage Times (@thtafrica). South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. One day, Lowys father Hugo disappeared; Lowy would later find out that he had been taken to Auschwitz and killed. In 2019 they plan to open a museum in France. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. On the list and in second place, according to the Al-Iqtissadi site, is Brazilian businessman Joseph Safra, 80, who comes from a Syrian family, with a value of 25.2 billion dollars, making him the richest banker in the world. In 1986, he won National Merit Award by General Ibrahim Babangida. Ellison has stated that he did not enjoy school and did not excel academically. His father was a truck driver and the family were poor. Asake Or Fireboy DML Who Is Olamides Best Signee So Far? His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s. The total wealth held in Africa has fallen by 7% over the past . Here are 21 people who started off life poor and went on to become billionaires: Guy Lalibert was a fire-eater before founding Cirque du Soleil. His father was a taxi driver and his mother ran a knitting group. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. He is the son of Billionaire and industrialist, Taiwo Afolabi. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. Your email address will not be published. Hakeem Belo-Osagie also holds an M.A. Born in Lexington, Oklahoma in 1945, Hamm was the youngest of 13 children. He is also the founder of Zenon Petroleum and Gas Ltd. His investment isnt just limited to oil but range across other sectors such as shipping, real estate and finance. The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria . Meet the Top 10, Baba Suwe Net Worth, House, and the Cars He Left Behind, Destiny Etikos Net Worth, House and Cars, Forbes listed him as the Most Powerful Man in Africa for consecutive years (2014, 2015, 2016, 2017), 2014- Top 25 Businessmen in the World who changed and shaped the century, 2015- 50 Most Influential Individuals in the World by Bloomberg Markets, 2015- Top 100 most influential Africans by New African magazine, 2016-African Business Leader Award by the Africa-America Institute, 2019- Man of the Year by Silverbird Group, 2019- African Philanthropist of the Year Award by African Leadership Magazine, 2020- Award of Honour by the Sun Newspaper. He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. The Dangote Group is a major force in the sugar and cement market in Nigeria and Africa. In 1989 DeJoria and partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million (624m). Langone is a philanthropist and in 1999 donated $10 million to NYU's part-time MBA programme and $200 million (155m) to the university's medical centre in 2008. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. The most prominent and yielding in the group of his companies is Global Fleet Oil and Gas, which grew by buying out as many gas stations as possible and acquiring more than 150 gas stations in just a year. He is the nephew to Nigerias richest woman, Folorunsho Alakija, who is among the owners of top oil blocs in Nigeria. In 2015, the Board of Leadership Newspapers named him Businessperson of the Year. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. The best Aircrafts will be produced in Africa. At that time he traded palm oil which he bought from the South East and sold to the market in the North. He was involved in the Nigerian coup in July 1966. Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. He has been involved in many political activities in the course of Nigerias history. Oracle software company founder Larry Ellison is worth $58.5 billion (45.9bn) and is the 10th richest person in the world. His Slok Holding company is a functioning member of several industrial institutions, including Lagos Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. The Nigerian oil mogul is a humanitarian whose philanthropic gestures can never be forgotten in a while. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. Destroyed or . Of. Of 55 billionaires in Africa, Nigeria boasts 23 while South Africa and Egypt each have eight. A post shared by ACT Foundation (@actfoundation_). Presido.Kano magnate. He was also a retired Assistant Inspector General of Police (AIG) of the Nigerian Police Force. He would later venture in to the oil and gas industry. He would later venture in to the oil and gas industry. Her son recently got married in a ceremony that was reportedly lavish. The 95-year-old has also donated heavily to longevity research and vows to live until he is 125. Some of the awards he has won for his contribution to the nations economy are African Entrepreneur of The Year at ATA (2007), 100 distinguished and Eminent Nigerians Centenary Awards (2018), and others. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. 1 is fortune completely inherited and the billionaire doesn't make any effort to significantly grow it, like Rockefeller and 10 being raised in extreme poverty or similar difficulties, like Oprah. Aliko Dangote.Dukes friend. A post shared by Aliko Dangote (@dangote_fanpage). Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. A post shared by Femi Ote (@femiotedola). Muhammadu Buhari, Muhammadu also spelled Muhammad, (born December 17, 1942, Daura, Nigeria), Nigerian military leader and politician who served as Nigeria's head of state in 1984-85 and was democratically elected president in 2015. He only discovered he was adopted when he was 12 and did not see his biological mother again until he was 48. Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. In 1997, Koum was hired by Yahoo! She has a large number of A-lister friends and an impressive number of mansions. Artega left school at 14, moved to A Corua, and started working as a shop hand at a local shirtmaker. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. Brands Saint Laurent, Alexander McQueen nigerian billionaires from poor backgrounds Stella McCartney, to name a.. Men in Nigeria of entrepreneurs across Africa 74th minute for Guessand, had a decent.... From their houses in Africa has fallen by 7 % over the company has grown a! Among the owners of top oil blocs in Nigeria to the oil and gas companies in Nigeria will become Best... Retail giant home Depot with Arthur Blank and Bernard Marcus and gas, trading, financial services, real and. 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