Who is the richest man in Nigeria

5 Nigerian billionaires who are among the richest in the world

Despite all the economic noise, over 60 countries have achieved incredible success this year! Inflation is thirteen times higher than in 1987, when 140 billionaires from 24 countries showed up. However, new moneybags, including Nigerian billionaires, are still on the list annually.

The 2018 Forbes recorded 2,208 billionaires for total net worth $ 9.1 trillion, an 18% increase over the previous year. The 20 richest people in the world are worth a whopping $ 1.2 trillion. They may total less than 1% of the total billionaires, but their wealth is 13% of the total wealth of all billionaires worldwide.

Nigeria deserves a commendation as some of its citizens have made it into the 29th annual leader in the world's richest list.

These are the Nigerian billionaires who will be among the richest in the world in 2018

Femi Otedola (Net worth $ 550 M)

Femi Otedola was born in Lagos in 1967 to the former Governor of Lagos Sir Michael Otedola. He is married to Nana and has three daughters and one son, including British DJ and socialite Florence "Cuppy" Otedola.

Femi Otedola is a Nigerian businessman and the owner of the multi-billion dollar naira oil giant Zenon. He is also the CEO of Forte Oil Plc with a controlling interest of 78%. Otedola and Dangote were the only Nigerians to appear on Forbes' 2009 list of 793 US dollar billionaires with an estimated net worth of over US $ 1.2 billion. He is also one of the 50 richest in Africa and one of the 10 richest in Nigeria.

In 2016, it was reported that the Nigerian businessman's net worth fell from $ 1.8 billion to $ 550 million as a result of a massive drop in Forte Oil's share price.

Abdulsamad Rabiu (Net worth $ 700 M)

Abdulsamad Isyaku Rabiu CON was born on August 4, 1960 in Kano Nigeria. He is a Nigerian businessman. Abdulsamad is the founder and chairman of BUA Group, a Nigerian conglomerate with stakes in industry, infrastructure and agriculture and sales of more than $ 2.5 billion. He is also the chairman of the Nigerian Bank of Industry. He is married and has four children.

In 2013, Forbes estimated Abdul Samad's net worth at $ 1.2 billion, which saw him join the global billionaire's club. In 2014 he did not come. 1,372 on Forbes' List of World Billionaires. He is one of the richest business moguls in Nigeria.

Folorunsho Alakija - 15th richest African (wealth: $ 1.6 billion)

Folorunsho Alakija was born in 1951 in the state of Lagos. She is married to a lawyer, Modupe Alakija, and has four children.

Folorunsho is the richest black woman in the world at the moment. She is the managing director of The Rose of Sharon group, consisting of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited.

She is also and the Vice Chairman of Famfa Oil Limited. As of 2014, she was listed by Forbes as the 96th most powerful woman in the world. She isn't either. 15 of the 50 richest and third richest Nigerians in Africa.

Mike Adenuga - 5th richest man in Africa (net worth: $ 5.3 billion)

Mike Adenuga was born on April 29, 1953. He is a Nigerian businessman with a humble beginning. Nigeria's second richest man has made investments in cellular and oil exploration.

He is the founder and owner of Globacom, the second largest wireless company in Nigeria with more than 27 million subscribers. Adenuga is the founder of the oil exploration company Conoil Producing, which operates 6 oil blocks in the Niger Delta. About half of it produces oil. His position on Forbes' list of billionaires in 2014 is not. 325. He is no. 5 of Africa's 50 richest and No. 2 richest Nigerians.

See: 7 Habits You Must Learn To Become A Millionaire In Nigeria

Alhaji Aliko Dangote - Africa's richest man (fortune: 14.1 billion)

Alhaji Aliko Dangote, MFR, GCON was born on10. April 1957 in Kano, Nigeria. He is the Nigerian businessman who owns the Dangote Group, which mainly deals with cement, sugar and flour. The company operates in Nigeria and several other countries in Africa, including Benin, Cameroon, Togo, Ghana, South Africa and Zambia. He is married and has three children.

Though Dangote is the year's biggest loser on dollar terms, whose net worth dropped from $ 25 billion last year to $ 15.7 billion as a result of the devaluation of the Nigerian currency and falling demand for cement, its biggest asset. He still retains the title of the richest man in Africa. He was number 23 richest in the world in 2014 and no. 68 of the most powerful people in the world. Dangote remains the richest man in Africa, a position he has held for so many years.