Monday, June 24, 2024

Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa


Nigeria is one of the leading countries in Africa, with a population of over 170 million people. The country is known for its natural beauty, vibrant culture and rich history. It has been home to some of the most successful entrepreneurs around the world and today we will be discussing top 10 young Nigerian billionaire entrepreneur taking over Africa

1. Abdulsamad Rabiu

Abdulsamad Rabiu | Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa
PC |

Abdulsamad Rabiu is a young Nigerian billionaire entrepreneur who started his career as an investor in real estate and hospitality. He has since become one of Africa’s most successful entrepreneurs, with investments in construction, banking and other industries. His net worth is estimated at $1 billion USD.

Rabiu was born on October 21, 1973 in Lagos state Nigeria. He attended Federal University of Agriculture where he completed a bachelor’s degree in business administration before moving on to Harvard Business School for graduate studies where he received an MBA degree. In 2011 he founded Lekki Free Zone PLC (LFZ), which manages major real estate projects across Africa including commercial properties; residential units; hotels & resorts; healthcare facilities etc.

In 2013 he launched “Healthy Living” brand under LFZ which provides quality food products made from natural ingredients sourced locally or internationally so that consumers can enjoy healthy lifestyles without breaking bank accounts!

4.Tony Elumelu

Tony Elumelu | Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa
PC |

Tony Elumelu was born in Nigeria and is the founder and chairman of Heirs Holdings. He is also a philanthropist, who founded the Tony Elumelu Foundation to provide scholarships for students from underprivileged backgrounds.

He has been successful in business as well as philanthropy; he built up a fortune worth over $1 billion through investments in companies such as Nestle Nigeria and WAPI Radio Network Limited. In 2016 he was named among Forbes “African Billionaires” list with an estimated net worth of $2 billion (Naira).

3.Benedict Peters

Benedict Peters | Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa
PC |

Benedict Peters is a Nigerian businessman, who is the founder and CEO of Emab Investments Limited (EIM). He also serves as Chairman of the Peters and Peters Group of Companies, which includes EIM, Aiteo Group, Royal Marine Services Ltd., Seawise Maritime Holdings Inc., Adecco Group Plc., Global Harvest Holdings Ltd. and several other subsidiaries within its portfolio. The company has over 1 million employees worldwide serving firms such as IBM Global Services Nigeria Plc., Pfizer Africa Pharmaceuticals Plantation Division Plc., Unilever Nigeria Limited etcetera.

The self-made billionaire has been featured in Forbes magazine’s list as one of Africa’s wealthiest people with an estimated net worth over $2 billion dollars – making him one among few Nigerians who have made it big on their own merit despite having started out small (with just $500) ten years ago when he was just 23 years old!

2. Igho Sanomi

Igho Sanomi | Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa
PC |

Igho Sanomi is a Nigerian politician, businessman and entrepreneur. He is the founder, chairman, and CEO of Aiteo Group, a Nigerian multinational conglomerate. He has also served as president of the National Association of Petroleum Marketers & Retailers (NAPMAR).

Sanomi was born on 7th May 1968 to Ndubuisi Onyeije and Madam Helen Akinde at Ogbomosho in Ondo State Nigeria. Where he went on to study at Bayero University Kano where he graduated with a degree in Civil Engineering. He later proceeded further with his studies at Texas A&M University USA where he obtained an MBA degree with honors from Harvard Business School USA earning him membership into prestigious academic institutions like MIT business school USA. Top 5 Inspiring Female Entrepreneur You Should Look Out For

In addition to being an engineer by profession Igho Sanomi also possesses extensive business experience having worked with some prominent organizations such as Shell Oil Company Limited – Nigeria Branch; Exxon Mobil Corporation; Chevron Corporation etc., These companies have enabled him acquire knowledge on how businesses are run successfully especially those involving oil production which forms part of his current role as President/CEO sof Aiteo Group International Plc.”

1.Folorunsho Alakija

Folorunso Alakija | Top 5 Nigerian Billionaire Entrepreneur Taking Over Africa
PC |

Folorunsho Alakija is a Nigerian billionaire oil tycoon, who is the founder and chairman of Famfa Oil Ltd., she is also one of the most successful women entrepreneurs in Nigeria. She has built her success on both oil and gas exploration, as well as consumer products—including cooking oils, cosmetics and fast food chains such as LaBrasserie and KFC—that are sold around the world.

Her net worth was estimated at $7 billion by Forbes magazine in 2018 and she became Africa’s first woman to be listed among the world’s richest people by Forbes.


These are just some of the many great young entrepreneurs who have been making waves in Africa. If you want more information on these individuals, don’t hesitate to contact us! We would love to hear from you and provide more details about each one of them.

Read more

Local News