13 Richest People In Nigeria 2015 and The Secret to their Successful story

     

#RichestNigerians                                                                                                                                      

What is the secret to the success of these top 13 richest people in Nigeria? Who are they and how did they amass their wealth? What are the business success secrets of the successful entrepreneurs in Nigeria? What does it take to become a billionaire in Nigeria? If the answer to any of these questions interests you, then please read on.

Nigeria is a country filled with lots of hardworking people and several opportunities to make tons of money. The country has been rated to boast of most millionaires in Africa as a result of its crude oil exploration.

The following Nigerians below through dint of hard working makes the list of the richest people in Nigeria.

1.Aliko Dangote Net Worth – $ 21.6 Billion

Aliko Dangote GCON is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commodities.

The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia.

2. Mike Adenuga – Net Worth: $4.6 Billion

Michael Adeniyi Agbolade Ishola “Mike” Adenuga Jr is a Nigerian business tycoon, and one of the richest black people in the world.

The self made Nigerian billionaire is the founder of Globacom, Nigeria’s second largest mobile phone network.

3. Folorunsho Alakija – Net worth: $2.5 Billion

Folorunsho Alakija is a Nigerian businesswoman who has replaced Isabel dos Santos as the richest African woman, and also is the richest woman of African descent in the world.

4. Femi Otedola Net worth – $1.2 Billion

Femi Otedola is a Nigerian businessman.

He is Chairman of Forte Oil Plc, and appeared as one of only two Nigerians to appear on the 2009 Forbes list of 793 dollar-denominated billionaires in the world.

5. Abdulsamad Rabiu – Net worth: $1.2 Billion

AbdulSamad Isyaku Rabiu CON is a Nigerian businessman.

His father, Khalifah Isyaku Rabiu was one of Nigeria’s foremost industrialists in the 1970s and 1980s.

6. Theophilus Danjuma Net worth – $1.1 Billion

General Theophilus Yakubu Danjuma GCON FSS psc is a Nigerian Jukun soldier, politician and multi-millionaire businessman and philanthropist.

He was Nigerian Army Chief of Army Staff from July 1975 to October 1979

7. Tony Elumelu Net Worth: $1 Billion

Tony O. Elumelu is an economist by training, a visionary entrepreneur and a philanthropist.

Tony is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.

8. Orji Uzor Kalu – Net Worth: $1 Billion

Orji Uzor Kalu is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria, who served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007.

9. Jim Ovia – Net Worth: $900 Million

This self-made millionaire is married and has two children. He resides in Lagos.

This successful banker founded Zenith Bank Group. With market capitalization of more than $4 billion, it is one of Nigeria’s largest financial services groups.

10. Mohammed Indimi – Net Worth: $550 Million

A distinguished and highly successful businessman, Dr. Indimi is the sole Founder and Chairman of Oriental Energy Resources, Limited. He has over 20 years’ experience in the Nigerian Upstream Oil and Gas sector.

Dr. Indimi is an astute business man with a notable presence in the international business arena.

11. Hakeem Belo-Osagie – Net Worth: $550 Million

Hakeem Belo-Osagie is a 58-year old Nigerian businessman listed by Forbes as the 40th richest man in Africa.

Harvard Business School-trained petroleum economist Hakeem Belo-Osagie chairs the Nigerian arm of UAE telecom provider Etisalat.

12. Oba Otudeko – Net Worth: $550 Million

Dr. Oba Otudeko, CFR is an astute and highly successful Nigerian investor and entrepreneur whose domestic and foreign interests cut across diverse sectors of the economy.

Oba is the founder and chairman of Honeywell Group. The group’s operations stretch across flour milling, oil and gas, marine transportation and real estate. He also owns Radisson Blu in Lagos, Nigeria

13. Tunde Folawiyo – Net Worth: $400 Million

Tunde Folawiyo is a Nigerian businessman. He is the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo.He took over the company in 2008 when his father died.

 

The Secret to their Success and How They Made their Money

In this blog, I am going to REVEAL the untold success secrets of the richest people in Nigeria and how they became billionaires. If you are prepared to replicate these success secrets, then below are the untold success secrets of the richest people in Nigeria.

1. They are Strong Willed

The richest people in Nigeria are strong willed in spirit. They are dogged and persistent. To these set of individuals, success is not an option; it’s a must. These successful Nigerian entrepreneurs refuse to be held down by their circumstance; instead, they reached out for their inner strength and went for success. Above all, these entrepreneurs don’t take no for an answer; they simply refuse to give up and that was why they succeed.

“When Raymond Dokpesi was on the verge of losing A.I.T; he refused to give up.

Mike Adenuga had his telecom license revoked twice and lost over 20million dollars but he refused to give up.

Orji Uzor Kalu had his oil bloc license and his aviation license revoked; his airline business was grounded and the business account of his publishing firm (The Sun) was frozen, yet he refused to give up.

So if you are ever going to have your name listed as one of the richest people in Nigeria; then you must be prepared to stick it through to the end. You must never give up.

2. They thoroughly understand their line of business

Take a close look at the Nigerian billionaires listed above and you will see the names of entrepreneurs that thoroughly understand their line of business like the palm of their hands. They know the in-depth intricacies of the various businesses they are involved in.

3. They are focused

The richest people in Nigeria are focused; they chose a specific business of their strength and stuck to it. If you are ever going to make it in Nigeria, then you must obey the first law of business success of Andrew Carnegie; the steel mogul.

“And here is the prime condition of success, the great secret. Concentrate your energy, thoughts and capital exclusively upon the business in which you are engaged in. Having begun in one line, resolve to fight it out on that line; to lead in it. Adopt every improvement, have the best machinery and know the most about it.” – Andrew Carnegie

If you think this statement is a mere fad, then think again because it’s the truth in its entirety. Aliko Dangote focused on commodities and basic needs while Femi Otedola concentrated on oil and gas. Jim Ovia focused on banking. This should tell you that concentration is a key factor to succeeding in business.

4. They have a strong business mission and vision

The Nigerian billionaires have a strong business mission and vision; and these two factors propel them to greatness. Take away their business mission and they are no more; this is because their entrepreneurial spirit is in the mission of their businesses. Take for instance:

Aliko Dangote, he is on a mission to provide the basic needs of over 150 million Nigerians; Femi Otedola is out to provide Oil and gas at a uniform price with faster delivery. Fola Adeola is on a mission to provide innovative banking services to Nigerians; Leo Stan Ekeh wants to put a computer in every home and Raymond Dokpesi is out to give Nigerians uncompromised news and information on happenings. A strong business mission and vision is the reason these men emerged successful.

5. They are excellent networkers

The richest people in Nigeria became rich because they are good networkers. They network among themselves and even patronize each other’s services; and when a big deal is on board, they pool their resources together, form a consortium, execute the deal and split the profits. This is why they emerged the richest people in Nigeria.

6. They are Competitive

The Nigerians billionaires listed above are very good at networking with each other; yet, they still compete against each other when the need arises. You can see an example of this when Aliko Dangote used MRS Group to compete against Femi Otedola for the shares of Chevron Nigeria. The richest people in Nigeria know that nothing comes easy and life is not fair; so they fight with all they’ve got to stay in business. Competitiveness and the ability to stay afloat are essential to survival in business.

7. They think big

One attribute I love about Nigerian billionaire entrepreneurs is that they are big thinkers. They think big and love to do big things. Despite the fact that they started small; they dreamed big.

Aliko Dangote is the largest cement manufacturer in Africa and also wants to build the biggest refinery in West Africa; Femi Otedola is the largest diesel importer in Nigeria; Ifeanyi Uba’s Capital Oil and Gas is the largest importer and distributor of Kerosene.

8. They are flexible

Flexibility is one of the strengths of the richest people in Nigeria. They understand the terrain very well; they know that the government is the most inconsistent body so far, so they prepare themselves forehand. They keep an eye on the ever changing pattern of the government and swiftly adjust their businesses to align with such change. They are also quick to adapt to current situation and trend while their competitors are still grappling with the reality on ground.

9. They are opportunist

The richest people in Nigeria are opportunists; they know how to take advantage of situations. Where others see problems, these set of individuals see opportunities and start a business around such opportunity. While other Nigerians shy away from adversity; these men embrace adversity because they know that behind every adversity is opportunity.

“Behind every adversity is an opportunity. If you lament over the adversity, you will miss the opportunity.” – Ajaero Tony Martins

They know that wealth lies in their ability to convert problems into opportunities and value; just like the ancient alchemists that tried to turn lead into gold.

“A good businessman must have nose for business the same way a journalist has nose for news. Once your eyes, ears, nose, heart and brain are trained on business, you sniff business opportunities everywhere. In places where people see a lot of obstacles, I see a lot of opportunities. At times, there is something instinctive in me that tell me a business opportunity exist even at a place where others see nothing. That is what makes me different, maybe unique. A good businessman sees where others don’t see. What I see, you may not see. You cannot see because that is the secret of the business… the entire world is a big market waiting for anybody who knows the rules of the game.” – Orji Uzor Kalu

10. They have a strong business management team

It is often said that behind every successful man is a woman. In this case, I will say that behind every successful entrepreneur is a strong business management team. The presence of a business team is the reason why Nigerian billionaire entrepreneurs and richest people can swiftly take advantage of opportunities; raise capital and run multiple businesses while minding their family affairs. A business team is vital in your transition from a small business to a big business.

11. They love Nigeria

Above all the success secrets of the richest people in Nigeria, this is the greatest. Love for Nigeria made the Nigerian billionaire entrepreneurs invest heavily in the country. They have all it takes to move their investment elsewhere but they chose to invest in Nigeria because they believe in Nigeria.