An Insight into the 10 Richest Men in Rivers State and their Net Worth

Nuelson Penuel Thursday, November 2, 2023 Basis



Rivers State, located in the southern part of Nigeria, is not only endowed with abundant natural resources but also home to some of the wealthiest individuals in the country. These visionary entrepreneurs have carved a niche for themselves in various sectors, contributing significantly to the state's economy and shaping its socio-economic landscape. In this blog post, we will explore the top 10 richest men in Rivers State, shedding light on their immense wealth and the ventures that have propelled them to great heights.

1. Tonye Cole - Net Worth: $500 million:

As the co-founder of Sahara Group, Tonye Cole boasts an impressive net worth of $500 million. His conglomerate focuses on diverse sectors, including energy, infrastructure, and real estate. Through his invaluable contributions to the energy sector, Cole's wealth has grown exponentially, cementing his position among the richest men in Rivers State.

2. Atedo Peterside - Net Worth: $450 million:

Atedo Peterside, the founder of Stanbic IBTC Bank, ranks high on the list of the wealthiest individuals in Rivers State, with a net worth estimated at $450 million. A prominent business tycoon and investment strategist, Peterside has significantly influenced Nigeria's financial landscape and has ventured into sectors such as oil and gas, telecommunications, and power.

3. Dumo Lulu-Briggs - Net Worth: $350 million:

Known for his diverse business interests, Dumo Lulu-Briggs has successfully amassed a net worth of $350 million. Holding stakes in sectors such as oil and gas, shipping, and construction, Lulu-Briggs is recognized as a shrewd businessman and a philanthropist, making remarkable strides in both business and community development.

4. Gabriel Chukwuma - Net Worth: $250 million:

Gabriel Chukwuma, the founder and CEO of Innoson Group, contributes significantly to Nigeria's industrial sector. With a net worth of $250 million, he has established one of Africa's leading automobile manufacturing companies, producing a range of vehicles ranging from cars to trucks and buses.

5. Tonye Princewill - Net Worth: $200 million:

A prominent businessman and politician, Tonye Princewill has accumulated a net worth of $200 million. His ventures span across sectors like oil and gas, real estate, and entertainment. Princewill is also known for his philanthropic efforts, particularly in the areas of education and empowerment.

6. Nnambi Okwu - Net Worth: $180 million:

Nnambi Okwu, the founder of Midstream Oil and Gas Company Limited, has established himself as a renowned figure in Nigeria's energy sector. With a net worth of $180 million, he has showcased his prowess in oil exploration and production, contributing significantly to the growth of Rivers State's economy.

7. Tony Elumelu - Net Worth: $150 million:

Tony Elumelu, one of Nigeria's most prominent business magnates, has made invaluable contributions to various sectors. As the founder of Heirs Holdings and the Tony Elumelu Foundation, he is renowned for his investments in banking, energy, and hospitality. With a net worth of $150 million, Elumelu's impact extends beyond Rivers State, transcending national boundaries.

8. Ibifiri Bob-Manuel - Net Worth: $130 million:

Ibifiri Bob-Manuel, the CEO of Sail Group, has achieved remarkable success in the maritime and logistics sectors. With a net worth of $130 million, Bob-Manuel's company has played a pivotal role in shaping trade and commerce in Rivers State, contributing to both regional and national economic development.

9. Austin Avuru - Net Worth: $120 million:

Austin Avuru is a renowned figure in Nigeria's oil and gas industry, with a focus on exploration and production. As the founder and former CEO of Seplat Petroleum Development Company, he has amassed a net worth of $120 million. Avuru's endeavors have contributed significantly to Rivers State's revenue generation and enhanced its position in the energy sector.

10. Charles Ampofo - Net Worth: $100 million:

Although a Ghanaian by birth, Charles Ampofo has made substantial investments in Rivers State, resulting in a net worth of $100 million. As the founder of Kampac Group, he has diversified interests that span sectors including oil and gas, mining, and real estate. Ampofo's ventures have not only contributed to the state's economy but have also generated employment opportunities for its residents.


The impressive net worth and business acumen of these individuals have not only propelled them to great heights of success but have also had a positive impact on Rivers State's economic development. As captains of industry, their entrepreneurship, innovation, and philanthropy have set a benchmark for others to follow. Their achievements are a testament to the potential and opportunities that exist within Rivers State, making it a compelling hub for investment and a driving force in Nigeria's economic landscape.

| Comments (0) | Views(53)

Add your comment

Other Posts
Emmason Integratded Services(2017-2024)
All Rights Reserved
Designed and Maintained By Emmason Integrated Services