Sunday, July 21, 2013

Nigeria's Super Rich - Know your enemy

 Aliko Dangote is the richest man in Africa. He is the founder, Dangote Group, West Africa's largest publicly listed conglomerate with diverse business interests such as sugar refining, flour milling, textiles, real estate and salt processing. Dangote Cement, Dangote Foods (noodles) and Dansa Juice complete the chain. His total net worth is about $16.1 billion as at March 2013.  He acquired a private jet in April 2010 as a personal gift on the occasion of his 53rd birthday. The Bombardier Global Jet Express XRS (one out of a few) was estimated to cost $45 million. Dangote is also said to have purchased a private luxury yatch at the cost of $43 million made exclusively for his enjoyment.

Otunba Mike Adenuga founded Globacom, now Nigeria's second largest mobile phone network, in 2006. Globacom has more than 24 million subscribers in Nigeria, and also operates in the Republic of Benin He is presently worth $4.7 billion.

Jim Ovia founded Zenith Bank Group in 1990. The bank has grown to become West Africa's second largest financial service provider by market capitalisation and asset base. His sources of wealth are banking, telecommunication and real estate investment. He also owns Quantum Luxury Properties Limited, a private equity fund with special focus on Africa. Ovia's total net worth is about $825 million.

 Abdulsamad Rabiu is a son of Khalifa Isiyaku Rabiu, one of Nigeria's most successful businessmen in the 1970s. Abdussamad heads the BUA Group, a conglomerate with $1.9 billion in revenues and interests in sugar refining, vegetable oil processing and flour mills. The BUA Group also operates the BUA Cement, Nigeria's first floating cement terminal, as well as Nigerian Oil Mill which processes edible oil. According to Forbes magazine report, he is the 21st richest African and is worth $675 million.

Folorunsho Alakija is worth at least $3.3 billion against a recent Forbes' rating which quoted her net worth as $600 million. She began her professional career in the 1970s as secretary of defunct International Merchant Bank of Nigeria, one of the country's earliest investment banks.

Tony Elumelu is a renowned economist, banker, and investor.  Elumelu is a recognised African leader in corporate business. After leading United Bank for Africa (UBA) Plc to a higher level with the acquisition of Standard Trust Bank (STB) during the consolidation of the banking industry in 2005, he retired from the management of UBA in July 2010.Elumelu, the originator of the concept of Africapitalism as an economic philosophy that reflects the commitment of players in the private sector towards the economic transformation of Africa through long-term investment.

 Hajiya Bola Shagaya is hailed as one of Nigeria's richest businesswomen. She is the CEO of Bolmus International Limited. She has interests in several sectors ranging from oil and gas, banking, cash crops export, real estate, fast-moving consumer goods and photography. She has been a very influential figure in Nigeria's corridors of power for decades. Shagaya  carved her path to become the sixth-largest in the oil producer's oil and gas sector. As far back as the late 1980s, during the Gen. Ibrahim Babangida-led military administration, she had steered her oil and gas company through the highly connected and contested Nigerian oil and gas sector to secure allocations for oil blocks. Around 2005, she became the managing director of Practoil Limited and, in 2011, she founded another exploration company, Voyage Oil and Gas Limited.

Femi Otedola is the CEO of African Petroleum Plc. He was one of only two Nigerians (alongside Aliko Dangote) to appear on the 2009 Forbes list of 793 dollar-denominated billionaires in the world, with an estimated net worth of over US$1.2 billion. Femi Otedola is the Nigerian president and chief executive officer of Zenon Petroleum and Gas limited. Forbes magazine estimates Femi Otedola's net worth at $1.2 billion and ranks him as the 601st richest person in the world. According to Encomium magazine, Femi Otedola's net worth is $3.5 billion. He owns a private jet called Challenger Global 5000 and a yatch almost similar to Dangote's.

Emeka Offor owns a  multi-million business interest, Chrome Group, a multifaceted organisation which originally started as an engineering outfit handling projects such as refinery maintenance, has today become by the grace of God, a conglomerate with diverse interests in Oil and Gas, Finance/Investments, Telecommunications, Insurance, Maritime, Destination Inspection, Real Estate and the Power Sector.

Nnamdi Uba and currently a member of the National Assembly as a Senator of the Federal Republic, Senator Andy Uba is a member of the famous Uba family in Anambra State. He is stupendously rich and was reported to have declared his assets to be worth N3trillion. Uba has a lot of lucrative business interests.


No comments: