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10 Nigerian Multi-Millionaires On Forbes List of Wealthiest in Africa

Forbes Magazine presents in its November issue a ranking of the 40 richest people on the African continent. The list is comprised mostly of people you have never heard of, yet their wealth is considerable. For example, 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

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.

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…

Read more: Forbes

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