Home Lifestyle Top 10 Silent Nigerian Multi-Millionaires You’ve Never Heard Of or Read About

Top 10 Silent Nigerian Multi-Millionaires You’ve Never Heard Of or Read About

Top 10 Silent Nigerian Multi-Millionaires You’ve Never Heard Of or Read About

The population of Africa is 1.4 billion making it the second most populated continent in the world.

There are four billionaires in Nigeria; 28 centi-millionaires; and 510 multimillionaires.

The names of these billionaires are not strange to most Nigerians but there are some millionaires you may never have heard of.

Below are some of them in no particular order of net worth:

There are no politicians or criminals here — just good, successful businessmen. Major contribution from Forbes list. These individuals are worth at least $20 million with most worth more than $50 million.

1. Adebayo Ogunlesi

Nigerian artiste, Burna Boy, in his single ‘Wonderful’ sings “As I dey hustle like Adebayo Ogunlesi, No go talk say me I too lazy”.

Who is Adebayo Ogunlesi?

Adebayo Ogunlesi is a Nigerian-born lawyer and investment banker. He is currently Chairman and Managing Partner at the private equity firm, Global Infrastructure Partners (GIP) which he started in July 2006.

Adebayo hails from Makun, Sagamu, Ogun State, and was born on the 20th of December 1953 to the family of Dr Theophilus O. Ogunlesi, who later became Nigeria’s first Professor of Medicine in Ibadan.

He gained notoriety in 2006 when GIP bought London City Airport and later in 2009 when the same firm acquired the majority in London Gatwick Airport in a deal worth £1.455 billion. 

GIP initially owns Edinburgh Airport which was purchased in 2012 and Nuovo Trasporto Viaggiatori bought in February 2018. On 14 May 2019, Edinburg Airport business transferred to new management with VINCI Airports now owning the majority shareholding of 50.01%

He served as ex-US President Donald Trump’s adviser for some time.

Net worth

There is no confirmed source of his net worth, but he is estimated to be worth at least $22.5 million dollars and owns at least 66,677 units of Goldman Sachs stock as of 7 May 2020.

2. Masai Ujiri

Masai Ujiri was born on 7 July 1970. He is a Nigerian-Canadian professional basketball executive and former player and is the president of basketball operations of the Toronto Raptors in the National Basketball Association (NBA).

Ujiri was born in Bournemouth, England, to a Nigerian family. His parents were foreign students in England. With the family moving back to Nigeria when he was two years old, he grew up in Zaria, Nigeria.

He is estimated to be worth at least $20 million but there is no reputable net estimator platform to verify this.

3. Sam Iwuajoku

Iwuajoku made his fortune importing rice and steel rods, while leveraging his extensive political connections to obtain a series of generous import duty waivers from the Nigerian government. Among other ventures, he reinvested in private aviation services.

His company, Quits Aviation services is one of the few fixed-base (private) operators in the Nigeria.

Quits Aviation Services owns a large maintenance hangar at the Murtala Muhammed International airport in Lagos and a jet charter service.

Sam is a close friend and business associate of Aliko Dangote, Nigeria’s richest man.

4. Aderemi Makanjuola

The reclusive tycoon is the founder and Executive chairman of the Caverton Offshore Support Group, Africa’s first integrated offshore support service provider.

The company provides marine, aviation and logistics support services to oil exploration and production firms based in West Africa. Some of its clients include Cameroon Oil Transportation Company (COTCO) and Shell Petroleum Development Company (SPDC).

Caverton Helicopters- a subsidiary of the group owns a 10,000 square meter flight facility at the Murtala Muhammad International airport in Lagos, a 9,000 square-meter facility in Port Harcourt and a heliport in the elitist Victoria Island in Lagos.

5. Dele Fajemirokun

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.

6. Michael Ade-Ojo

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.

7. Eddy Martins Egwuenu

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 more than $60 million.

8. ABC Orjiakor

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.

9. Leonard Stanley Nnamdi Ekeh

Leonard Stanley Nnamdi Ekeh was born February 22, 1956, in Imo State.

He is the founder and CEO of Zinox Technologies Limited (now Zinox Group), Africa’s most integrated ICT firm.

His firm is the first to be Internationally Certified in Nigeria. In 2018, his company acquired Konga, one of Nigeria’s biggest marketplace.


The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

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