Nigeria’s Super Rich 13 and How They Make Their Money Part 1

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Aliko Dangote  ($15.7billion)
Aliko Dangote is a self made billionaire who makes his money mainly from manufacturing and selling cement, sugar and flour. Dangote Cement is currently one of the biggest cement plants in the world.  He is also currently building Africa’s biggest petrochemical refinery that is expected to cost about $14 billion and which will further diversify his sources of wealth.
Mike Adenuga ($4 billion)
Another self made billionaire, Mike Adenuga makes his money mainly from Telecommunications as well as Oil and Gas. He owns Globacom, Nigeria’s second largest telecom network. He also owns Conoil Producing, an oil exploration company, Conoil Plc an oil marketing company, listed on the Nigerian Stock Exchange (NSE) and has stakes in banking after his former wholly owned bank Equitorial Trust Bank (ETB) merged with Sterling Bank Plc.
Folorunsho Alakija ($1.9 billion)
The only woman on the list, Alakija studied fashion design in London. However, she did not make her billions from selling clothes. She made it from selling crude oil. Her Famfa Oil Company owns 60% interest in an oil producing block OPL 216 that produces more than 200,000 barrels of crude oil a day. Folorunso is also the Executive Vice Chairman of Dayspring Property Development Company Limited, a real estate company with investments in different parts of the world.
Theophilus Danjuma ($1.1 billion)
Danjuma made his money from oil after selling for $1.75 billion, his 45% stakes in an oil block granted to him by Nigeria’s former Military Head of State, to Chinese Oil Company CNOOC. He is the Chairman of South Atlantic Petroleum (SAPETRO) which has oil blocks in five different countries.  Danjuma also has interests in property in Nigeria’s major cities.