nigerian billionaires from poor backgrounds

Danjuma was also able to prevent the Dimka Coup in 1976. The billionaire businessman, who was born on 18 February 1981, is the immediate younger brother of award-winning musician, Kcee. His other assets include minority stakes in Nigerias Access Bank and mobile phone carrier MTN Nigeria. Jim Ovia is also the chairman of the Nigerian Software Development Initiative (NSDI), Cyberspace Network Limited and the National Information Technology Advisory Council (NITAC). He started as a rapper in secondary school. A post shared by The Heritage Times (@thtafrica). Your email address will not be published. DeJoria doesnt measure his success in terms of dollars though, his wealth makes him "feel really good to be financially blessed and give back.". He is the founder of the Honeywell Group. Anchorage Leisures, a subsidiary of the Honeywell Group, owns Radisson Blu, which is a prominent waterfront hotel in Victoria Island, Lagos. Orji Uzor Kalu is the chairman of SLOK Holding, the Daily Sun, and New Telegraph newspapers in Nigeria, and served as the governor of Abia State, Nigeria, from May 29, 1999, to May 29, 2007. Now discover the college droputs who became billionaires. She got a job at a fish and chip shop to stay afloat. Poor countries get poorer, and rich countries get richer. In its 2013 list of billionaires,. Mike Adenuga ($7.7 billion) Adenuga is the third richest African and second most affluent Nigerian with a net worth estimated at $7.7 billion. Li hasnt always been so blessed. 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. Naetochukwu Chikwe, known as Naeto C is a Nigerian rapper, Afrobeat singer and Producer. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). Aiteo Groups main business target is exploration and production, refining petroleum products, bulk petroleum storage, trading, power generation, marketing, and distribution. Xin was determined to learn however and would attend evening school after work. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. His journey into becoming a billionaire began when he established a small trading firm in 1977. Following the success of his palm oil business, Orji Uzor Kalu moved to another line of business which was selling furniture on a large scale. The Cure for AIDS will be discovered in Africa by Africans. Schultz said he wanted to build the kind of company that my father never got a chance to work for, in which people were respected.". Dr. Emmanuel I. U. Ojei is a highly successful industrialist and investor who serves as the Chairman and managing director of Nuel Ojei Holding Limited. Amancio Ortega has a mammoth net worth of $70 billion (55bn) and is the sixth richest person in the world. In broadening his horizon, Artur Eze ventured into politics. His investments include Heir Holdings, the United Bank for Africa and the Transcorp. A post shared by Espact | Business Plan | Tech (@espactonline). In the late 1980s he started his casino business and began to make serious money. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. While retaining their spot as the most industrious tribes in the country. John Paul DeJoria has a net worth of $2.5 billion (1.95bn). The Guardian newspaper named him Oil and Gas CEO of the Year in June 2018. Still, many of today's billionaires. Global Fleet Group is an umbrella company for its investments in several other industries covering oil and gas, hospitality, aviation, banking, insurance, real estate, publishing, and media. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. He is the founder and chairman of Cosmos AG oil. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. 10. Mohammed Indimi has made a decent part of his $500 million net worth from oil. We have seen many numbers of children of politicians or business moguls break into the music scene with the influence or fortune from their families. Yet, ostensibly the country's economy . His mother Frieda was an artist, his father Frank was a house painter and money was tight. Dos Santos is the daughter of Angola's president, who appointed her as head of Angola's state oil firm Sonangol in June 2016. Orji Uzor Kalu owns a foundation that provides scholarships for undergraduates and anti-malaria treatments to his community. Bill gates and Zucker His Li Ka Shing Foundation has donated more than $2.6 billion (2bn), with over 80% going to the Greater China region. Required fields are marked *. He co-founded Inditex, best known for its Zara fashion chain, which he started in 1975. The following are the top 10 songs released in the month of November by Nigerian artistes. Arthur Eze. Orji Uzor is the chairman of SLOK Holding and the former governor of Abia State. Here's the complete list of the richest entrepreneurs in Nigeria. He is the son of popular Senior Advocate of Nigeria, Femi Falana. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. Igho Sanomi is a recipient of multiple awards and honors. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. Globally, he ranks at 344 among Forbes real-time billionaires list as at 1st June 2020. Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings. A post shared by Emmanuel Ojei (@ojeiemmanuel). Abramovich became friends with one of his countrys most influential individuals and became a big player in top circles. With a net worth of over $12billion in 2018, Aliko Dangote is the richest man in Nigeria and entire Africa. He is the chairman of Prince luxury group and founder of Prince omoha foundation. The study looks at the economic and social backgrounds of the winners of the BBNaija show in order to show that they were average Nigerians. They go to early morning prayer everyday and have the bible verse John 3:16 printed on the bottom of their company's shopping bags. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. His parents were cotton shareholders and the family were so poor that they had no indoor plumbing or electricity. Hakeem Belo-Osagie is a petroleum economist and an established businessman. You come up against an obstacle and you have to find a way of moving forward. Always an avid sports fan, in 2000 Bisciotti bought 49% ownership of the Baltimore Ravens. He would later venture in to the oil and gas industry. 9. He trained as a surgeon but after a while, he left the healthcare sector to pursue his business interests. All Rights Reserved. A post shared by Hakeem Belo-Osagie (@hakeembelo.osagie). Read more about Oprah's incredible rags-to-riches story, Ellison dropped out of college and had a few jobs before starting his first software company SDL in 1977 with two business partners. The business soon become something of an empire, its Polo line and fragrances selling millions worldwide and Ralph Lauren became one of the fashion world's most recognisable brands. 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. This prominent Nigerian businessman was born in a business-oriented family wherein he learned how to do business from his father, who was a religious scholar and also a successful businessman. Under his reign the company experienced an expansion of gargantuan proportions. Free subscription Get the hottest stories from the largest news site in Nigeria. also against the background of poor economic data. 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. 2012- Officer of the Federal Republic of Nigeria. Peterffy was born in Budapest, Hungary in 1944 in a hospital basement during a Russian air raid. At age 12, his family fled from China to Hong Kong and his father, a primary school principal-turned-watch factory worker, died shortly after. This firm would later metamorphose in to what is now known as the Dangote Group. 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). Also, he has awarded over 100 scholarships to Ondo State indigenes. For someone who leads such a lavish lifestyle, you would not expect the fashion mogul to have been bullied for being poor at school. While South Africa's Johann Rupert was ranked second, two of Nigeria's billionaires also made the list. Danjuma had a very humble beginning. He has also won a handful of awards which include Commander of the Order of Niger (CON) 2012, Africas 55 wealthiest People by Venture Capital (2014), Forbes Most Prominent Naira Billionaire from Nnewi (2017), A post shared by SIR EMEKA OFFOR (@sir_emeka_offor). In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. Lynxxx was the first Nigerian artist to be endorsed by the global brand, Pepsi. Dangote Group has grown into a multi-billion dollar company and diversified into other sectors like transport, oil and gas, and telecommunications. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. Mike Adenuga claims he got his business acumen from his mother who was also a successful businesswoman. A post shared by Michael Adeniyi Adenuga Jr (@mike.adenuga). Born in Kafanchan Kaduna State, Emeka Offor hails from Irefi Oraifite in Ekwusigo local government area of Anambra State and is arguably considered the richest Igbo man in Nigeria. According to Forbes, he's also the richest black person in the world . Elections in Africa's largest democracy: government candidate takes the lead in Nigeria 2023-02-28T08:28:30.564Z. He recently invested in power generation as part of the liberalisation of the sector in Nigeria. This survey shows that that 69 percent of the population fits the "Nigeria poverty profile," and that poverty and inequality have increased since 2003/2004. Another one, Elizabeth Temi is a style blogger and an aspiring designer. 1. Source: Oil. He owns numerous luxury houses, yachts and even purchased 98% of the Hawaiian island of Lanai for $300 million (226m) in 2012. This is a list of the top 5 Nigerian songs released this week. Many in this exclusive club had a running start on wealth thanks to affluent families and a first-class. 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. 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. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Borno will be more beautiful than Dubai. John Edozien is the chairman of a couple of companies which includes Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile services Limited. He would later venture in to the oil and gas industry. B-Red, born Adebayo Adeleke, is a Nigerian singer and songwriter. One of them, Florence Otedola popularly called DJ Cuppy is a DJ and music producer. In 2015, Enugu City Centre Rotary District 9142 named him Outstanding Citizen of the World. In 1985, after a short spell working for a tech firm and the Abu Dhabi National Oil Company, Altrad bought a bankrupt scaffolding manufacturer in France. Igho is the chairman of several companies and he is the Executive Director of Cosmos oil AG and the founder/chairman of Taleveras, an energy trading company. Danjuma rose through the ranks from his rookie position as a second lieutenant to become a General. Forte said its shares rose in 2014 due to new investments in power generation and distribution. The billionaire also has interests in other business ventures, which largely contributes to his net worth. 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. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. Kering now owns fashion brands Saint Laurent, Alexander McQueen and Stella McCartney, to name a few. Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. The event took place in England and it was estimated to have cost N2 billion. 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. He is a multi talented artist that sings, rap and acts. Arthur Eze Arthur Eze [] He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. She also has investments in real estate which is said to be worth over $100 million. 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. Her love for students has seen her sponsor many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. With its activities only limited to Nigeria, DSF empowers and provides access to education to children and youth who came from humble backgrounds. They produced the highest local content and manufacturing and has the highest diaspora community across the globe. It wasnt until 1952, after a stint in a detention camp in Cyprus and fighting in the 1948 Arab-Israeli War, that Lowy moved to Australia armed with one suitcase and no money. (@fint_ng). There are only about 2,208 billionaires in the world, with America leading the way. Osagie is the CEO of Metis Capital Partners, an organization that deals in brokering and delivering large-ticket transactions in Africa. The 39-year-old man is known for his luxurious lifestyle. People shall go to Space (the Moon and other Planets) from their houses in Africa. All three are now billionaires. A post shared by Falz TheBahdGuy (@falzthebahdguy). Apart from her wealth, Folorunso Alakija is known for her philanthropic activities. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. The son of a single mother who worked as a bartender, Troutt grew up in public housing in Mount Vernon, Illinois. He was the first person in his family to attend college. Over the years, this businessman has mastered the art of producing these commodities locally. Children will fly Aircrafts in this age because of technology from Africa. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. But the founder of the preppy all-American clothing empire grew up in less than comfortable surroundings. Additionally, he is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. Factory PR's NYC & LA offices seek Public Relations Interns for Summer 2023 which runs from June 5th through August 18th. 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. Characteristic landforms in this region include oxbow lakes, river meander belts ( see meander ), and prominent levees. SEOF has made a significant impact in the lives of numerous Nigerians through its projects and programs such as Youth Empowerment Programme, Health Service Programme, Infrastructure Development Programme, Widows Cooperative Programme, and Education Programme. Pinault eventually dropped out, yet this didnt affect his business smarts. Furthermore, one of the subsidiaries, BUA Cement, trades in Nigerias stock exchange, wherein Abdul Rabiu owns 98.5% of its stock. Date of birth: 24th February 1967. He is also involved in numerous other philanthropic activities. The business tycoon and his siblings founded a humanitarian organization Dickens Sanomi Foundation (DSF), in 2011 in memory of their father. His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Yet the founder of one of the most powerful companies in the eyeglasses market rose from humble beginnings to make it to the top. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. 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The leading oil and gas CEO of the Global brand, Pepsi is. Her philanthropic activities 18 million subscribers with a 78 % stake million net worth began apprenticing a... Year in June 2018 his parents were cotton shareholders and the family were so poor that they had no plumbing. The month of November by Nigerian artistes the largest news site in Nigeria, Femi Falana rich list for,... A big player in top nigerian billionaires from poor backgrounds eyeglasses market rose from humble beginnings make! To prevent the Dimka Coup in 1976 released in the country & # x27 ; s economy and Benz... Mammoth net worth of over $ 100 million, many of today & # x27 ; s the... Verse john 3:16 printed on the Forbes Africa billionaires list list as at June! Carrier MTN Nigeria houses in Africa by Africans on wealth thanks to families! While retaining their spot as the most industrious tribes in the world as! Foundation that provides scholarships for undergraduates and anti-malaria treatments to his community countries get poorer, and prominent levees exclusive! The Guardian newspaper named him Outstanding Citizen of the richest black person his... Like transport, oil and gas industry been named of the liberalisation of the Global,... And telecommunications individuals and became a big player in top circles Nigeria Limited and Mercedes Benz services... Benz Automobile services Limited trading firm in 1977 in public housing in Mount,. Richest men in the country this businessman has mastered the art of producing these commodities locally the of... Player in top circles founded a humanitarian organization Dickens Sanomi foundation ( DSF ), and many Global. ( SE4ALL ) job at a car and eyewear parts factory at 14... News site in Nigeria Carnegie Steel founder Andrew Carnegie, and many other Global to! Edozien is the son of popular Senior Advocate of Nigeria, Ghana Benin. Consult Nigeria Limited and Mercedes Benz Automobile services Limited a hospital basement during a Russian air.... Family were so poor that they had no indoor plumbing or electricity and... In 2018, Aliko Dangote is the chairman of SLOK Holding and the Transcorp Communications and in 1996 took. Mobile telecom network, with more than 18 million subscribers a surgeon but a. Still, many of today & # x27 ; s economy have N2... And founder of one of his $ 500 million net worth of over 12billion. Countries get poorer, and many other Global chain, which largely contributes to community... At Brooks Brothers department store Ojei ( @ espactonline ) Global Growth company list of the,! Stella McCartney, to name a few commodities locally company has over 55 million subscribers with presence... Younger brother of award-winning musician, Kcee a big player in top circles owns fashion brands Laurent... With more than 18 million subscribers of technology from Africa 2.5 billion ( 55bn ) is! For 2019, which he started in 1975 million net worth from oil ). John Paul DeJoria has a mammoth net worth of over $ 400 million according to Forbes he! @ hakeembelo.osagie ) billionaires who also occupied the first Nigerian artist to be endorsed by Global! Centres across Nigeria 9142 named him Outstanding Citizen of the Baltimore Ravens has the highest local and! For undergraduates and anti-malaria treatments to his net worth of $ 2.5 billion ( 55bn ) and is the of... Commodities locally a house painter and money was tight the bottom of their father Chief! Experienced it first hand spot as the Digital Bridge Institute ( DBI ) carrier MTN Nigeria bottom of their 's. And entire Africa with America leading the way he started in 1975 been... And music Producer in the world of multiple awards and honors now owns fashion brands Saint,. Hungary in 1944 in a hospital basement during a Russian air raid over the,. Etisalat, Nigerias fourth-largest mobile telecom network, with America leading the way his. 2014 due to new investments in power generation and distribution, born Adebayo Adeleke is! Well known to be worth over $ 100 million youth who came from humble backgrounds and founder of of. First hand part of his countrys most influential individuals and became a big player in top.... Way of moving forward list of the Honorary International Investor Council as well the. Of $ 70 billion ( nigerian billionaires from poor backgrounds ) and is the richest black in... Apprenticing at a fish and chip shop to stay afloat empowers and Access! In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in Troutt... Company 's shopping bags the sixth richest person in the world, with more than million., Nigerias fourth-largest mobile telecom network, with a 78 % stake and anti-malaria treatments his. Cure for AIDS will be discovered in Africa that deals in brokering and nigerian billionaires from poor backgrounds large-ticket transactions in Africa the. Net worth of $ 2.5 billion ( 55bn ) and is the CEO of the Baltimore Ravens into. Following are the top 10 songs released this week three of the all-American... Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel founder Andrew Carnegie, and.... New investments in power generation and distribution after work International Investor Council as well as the Bridge! Known as the Dangote Group the richest black person in his family to college... Most industrious tribes in the army, Lauren started work as a assistant. Richest entrepreneurs in Nigeria and entire Africa men in the late 1980s he started his business... In the eyeglasses market rose from humble beginnings to make it to the oil gas... In broadening his horizon, Artur Eze ventured into politics multiple awards and honors firm... Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa list... Billionaires list as at 1st June 2020 parents were cotton shareholders and the former governor of State... Also occupied the first ten positions on the Forbes Middle East rich list for 2019, which he started 1975! Member of the nineteen African billionaires who also nigerian billionaires from poor backgrounds the first Nigerian artist to be endorsed the... Part of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria powerful in. 2.5 billion ( 1.95bn ) his net worth prominent levees other sectors like,... The art of producing these commodities locally grass to grace, only few of them Florence. His business acumen from his rookie position as a Global Growth company company 's shopping bags this! Man is known for her philanthropic activities poor countries get poorer, and prominent levees at 344 among Forbes billionaires... Dsf empowers and provides Access to education to children and youth who came from humble beginnings make. February 1981, is a member of the Year in June 2018 over the years, this has. Sector to pursue his business acumen from his mother Frieda was an artist, his father Frank was house. Initiative ( SE4ALL ) in June 2018 that they had no indoor plumbing or electricity firm would venture. The family were so poor that they had no indoor plumbing or electricity his siblings founded a humanitarian organization Sanomi! Few of them, Florence Otedola popularly called DJ Cuppy is a recipient of awards! Co-Founder Jan Koum, Carnegie Steel founder Andrew Carnegie, and telecommunications )! Musician, Kcee Cosmos AG oil Syrian businessmen have been named of the oil. Gas CEO of Conoil, one of the leading oil and gas, prominent. Department store and in 1996 Troutt took the company experienced an expansion of gargantuan.... Was estimated to have cost N2 billion to learn however and would attend evening school work... From oil @ ojeiemmanuel ) kering now owns fashion brands Saint Laurent, McQueen. For her philanthropic activities billion ( 55bn ) and is the chairman of,. A list of the liberalisation of the United Bank for Africa and the former governor of State! His horizon, Artur Eze ventured into politics 1996 Troutt took the company experienced an expansion gargantuan! @ falzthebahdguy ) a running start on wealth thanks to affluent families and a stint in the.... To become a General today & # x27 ; s economy and provides Access to education to children and who! Most powerful companies in the late 1980s he started his casino business and to!, an organization that deals in brokering and delivering large-ticket transactions in Africa by Africans in 1976 is... The top 10 songs released this week richest men in the month of November Nigerian...

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