In
the month of November, FORBES will publish its annual official ranking
of the 40 richest people in Africa. A lot of research has gone into the
making of this list and this year, we’ve uncovered several hidden
holders of wealth across the continent.
Many of them are names you’ve probably never heard. In the coming days, this author will list at random, ten relatively unknown high net-worth individuals from various African countries, pulled from our extensive wealth database.
This is the first part in the series. Here are ten low-key, ultra-wealthy Nigerian tycoons, entrepreneurs and business leaders. Each of them is worth at least $50 million. There are no politicians or criminals here — just good, successful businessmen.
Many of them are names you’ve probably never heard. In the coming days, this author will list at random, ten relatively unknown high net-worth individuals from various African countries, pulled from our extensive wealth database.
This is the first part in the series. Here are ten low-key, ultra-wealthy Nigerian tycoons, entrepreneurs and business leaders. Each of them is worth at least $50 million. There are no politicians or criminals here — just good, successful businessmen.
*Kola Aluko*
Source: Oil, Aviation services
Source: Oil, Aviation services
Kola Aluko, a Nigerian energy and aviation tycoon, founded oil trading
firm Fossil Resources in 2001, then went on to become CEO of Exoro
Energy- an indigenous oil exploration and production firm. In 2007, the
company merged with Seven Energy, a leading independent oil exploration
company. Aluko is now Deputy CEO and a leading shareholder of Seven
Energy, which has operations and key interests in four onshore fields in
the Niger Delta. Aluko is also a member of the advisory board of Vista
Jet, a Swiss-based private jet charter company founded by Thomas Flohr. A
passionate car racing enthusiast, Aluko has competed in major European
races with the Swiss team Kessel racing. In June 2012, Kola Aluko was
reported to have purchased two luxury ultra-modern estates in Beverly
Hills for $40 million. He reportedly has business ties with Nigeria’s
current Minister of Petroleum Resources, Diezani Alison-Madueke.
*Eddy Martins Egwuenu*
Source: Banking
A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. His 1.5% stake in Zenith Bank alone is worth about $60 million.
Source: Banking
A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. His 1.5% stake in Zenith Bank alone is worth about $60 million.
*Jide Omokore*
Source: Steel, Oil, Dredging
Omokore is the chairman and founder of Energy Resources Group, one of Nigeria’s largest privately-held conglomerates. ERG has interests in oil trading and exploration, haulage services, steel, dredging engineering and property development. The group’s annual revenue exceeds $400 million.
Source: Steel, Oil, Dredging
Omokore is the chairman and founder of Energy Resources Group, one of Nigeria’s largest privately-held conglomerates. ERG has interests in oil trading and exploration, haulage services, steel, dredging engineering and property development. The group’s annual revenue exceeds $400 million.
*ABC Orjiakor*
Source: Oil
The trained orthopedic and trauma surgeon might have thrived due to his formidable connections with Nigerian military bigwigs such as former President Ibrahim Babangida, but ABC Orjiakor is a successful businessman on all parameters. One of Nigeria’s wealthiest men, Orjiakor is the Chairman and CEO of Shebah E&P Company Limited, an oil exploration firm which has a 40% stake in the offshore block OML 108 which produces over 8,000 barrels per day. Orjiakor is also chairman of Zebbra Energy Limited which owns the deepwater concession OPL 248 offshore Nigeria.
Source: Oil
The trained orthopedic and trauma surgeon might have thrived due to his formidable connections with Nigerian military bigwigs such as former President Ibrahim Babangida, but ABC Orjiakor is a successful businessman on all parameters. One of Nigeria’s wealthiest men, Orjiakor is the Chairman and CEO of Shebah E&P Company Limited, an oil exploration firm which has a 40% stake in the offshore block OML 108 which produces over 8,000 barrels per day. Orjiakor is also chairman of Zebbra Energy Limited which owns the deepwater concession OPL 248 offshore Nigeria.
*Gbenga Oyebode*
Source: Law, Investments
One of Nigeria’s most renowned commercial lawyers, Gbenga Aluko is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns a minority shareholding in MTN Nigeria, and sits on the company’s board. Oyebode also serves as chairman of Access Bank PLC, Okomu Oil and Crusade Insurance. The value of his shareholdings in these companies is worth tens of millions of dollars.
Source: Law, Investments
One of Nigeria’s most renowned commercial lawyers, Gbenga Aluko is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns a minority shareholding in MTN Nigeria, and sits on the company’s board. Oyebode also serves as chairman of Access Bank PLC, Okomu Oil and Crusade Insurance. The value of his shareholdings in these companies is worth tens of millions of dollars.
*Arthur Eze*
Source: Oil
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, Liberia, Equatorial Guinea and the Gambia. In 2010, Oranto Atlas sold off a set of oil blocks in Liberia for $250 million. Eze pocketed $200 million from the sale.
Source: Oil
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, Liberia, Equatorial Guinea and the Gambia. In 2010, Oranto Atlas sold off a set of oil blocks in Liberia for $250 million. Eze pocketed $200 million from the sale.
*Dele Fajemirokun*
Source: Diversified
His father, Henry Fajemirokun, was a renowned shipping magnate and one of Africa’s most successful businessmen after Nigeria’s independence. Nigerian Maritime Services Limited, the shipping company he founded in 1962, is still one of the largest shipping companies in Nigeria today. Dele Fajemirokun, his 62 year-old son is now in charge. A prominent boardroom guru, Fajemirokun also owns key stakes and sits on the board of several Nigerian blue-chips including American International Insurance company and oil explorer First Hydrocarbon Nigeria Limited.
Source: Diversified
His father, Henry Fajemirokun, was a renowned shipping magnate and one of Africa’s most successful businessmen after Nigeria’s independence. Nigerian Maritime Services Limited, the shipping company he founded in 1962, is still one of the largest shipping companies in Nigeria today. Dele Fajemirokun, his 62 year-old son is now in charge. A prominent boardroom guru, Fajemirokun also owns key stakes and sits on the board of several Nigerian blue-chips including American International Insurance company and oil explorer First Hydrocarbon Nigeria Limited.
*Michael Ade-Ojo*
Source: Car distribution
Michael Ade-Ojo is the biggest seller of Toyota vehicles in West Africa. His Elizade Group accounts for over 10% of all Toyota sales in Nigeria. He is also chairman of Toyota Nigeria and is a key shareholder of RT Briscoe PLC, an NSE-listed distributor of Toyota cars in Nigeria.
Source: Car distribution
Michael Ade-Ojo is the biggest seller of Toyota vehicles in West Africa. His Elizade Group accounts for over 10% of all Toyota sales in Nigeria. He is also chairman of Toyota Nigeria and is a key shareholder of RT Briscoe PLC, an NSE-listed distributor of Toyota cars in Nigeria.
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