He is Africa’s richest man. He hails from Kano and was born into a wealthy family on the 10th of April, 1957. He is the great-grandson of Alhaji AL Hassan Dantata, the richest African at the time of his death in 1955.

Dangote is a business tycoon, philanthropist and investor. He owns the Dangote Group established in 1981, which is now a multinational industrial conglomerate with business stakes in areas like fast moving consumer goods (FMCG), cement, oil and gas.

He owns nearly 85% of publicly-traded Dangote Cement through a holding company; Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa making it the continent’s largest cement producer.

As of October 2019, he had an estimated net worth of US$8.9 billion. Currently, He is ranked by Forbes magazine as the 136th richest person in the world and the richest in Africa. Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete.

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Mike Adeniyi Agbolade Adenuga is the second richest entrepreneurs in Nigeria. He was born on 29th April 1953 at Ibadan, Oyo state Nigeria. Mike Adenuga owns stakes in the Equatorial Trust Bank now Sterling bank plc. And Conoil, an oil exploration firm (formerly Consolidated Oil Company). Conoil got a drilling license in 1990 and in 1991, his conoil firm struck oil in the shallow waters of Southwestern Ondo State.

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Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at age 26 selling lace and distributing soft drinks.

Also, he is ranked as the second richest person in Nigeria and Africa with his net worth estimated at $8.8 billion according to Forbes as of 2019. He is also the founder of Globacom, one of the largest telecommunications company in Africa with 43 million subscribers and presence in Ghana and Benin.


He is also the Chairman of Heirs Holdings, an African investment company with interests in major sectors. Apart from Heirs Holding, the Nigerian billionaire owns a controlling interest in a publicly traded Nigerian diversified conglomerate called Transcorp. He is the chairman of the United Bank for Africa, which has subsidiaries in 20 African countries, the United States of America and United Kingdom. 

Elumelu also has stakes in extensive real estate across the country and Nigeria’s largest telecommunication network, MTN.

Tony Elumelu, on the other hand, though his Africapitalism idea has implemented one of the most ambitious entrepreneurship programmes globally.

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According to a statement on its website, in its 4th year, the TEF Entrepreneurship Programme has empowered 4,460 entrepreneurs with a total investment of $20 million; 4,000 funded directly by the Foundation and 460 funded by partners.

Currently his estimated worth is put at $1billion since its last evaluation of $700 million in 2015 by Forbes.


She is a 61 years old Nigerian billionaire fashion designer. She was born on July 15, 1951, At the tender age of 7, Folorunsho travelled to the UK for her primary education at Dinorben school for Girls in Wales. The Philanthropist also studied fashion designs at the Central school of fashion and the American College, London.

She is the group managing director of the fashion label-The Rose of Sharon Group. Folorunsho Alakija is also the executive vice-chairman of Famfa Oil Limited, the gas and oil exploration and production company. Nigeria. After that, she joined First National Bank of Chicago which later became FinBank. Finbank was later acquired by First City monument Bank.

Folorunsho served as the National President and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN).

Ranked as one of the successful and famous entrepreneurs in Africa by Forbes, Folorunsho is also one of the richest black women in the world with a net worth of $2.1 billion. She temporarily unseated Oprah Winfrey as the richest woman of African descent in the world in 2014.

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She was named by Fortune magazine as one of the 50 greatest world leaders in 2015, and by Forbes for five consecutive years as one of the 100 most powerful women in the world. She was recognized by Time magazine as one of the world’s 100 most influential people. An economist and former finance minister of Nigeria, Dr Ngozi Iweala has been the board chair of GAVI, the vaccine alliance since January 1, 2016.

She has also held several key positions at the World Bank, including as Managing Director. She has twice served as Nigeria’s Finance Minister. In 2006 she served as Foreign Affairs Minister. She sits on the board of standard chartered bank, twitter, the African risk capacity; she was also a board member of the Rockefeller Foundation Board, the One Campaign and the World Economic Forum Young Global Leaders

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