Top 8 Richest Men in Lagos State and Their Net Worth

Nuelson Penuel Thursday, November 2, 2023 Basis



Lagos State, the economic nerve center of Nigeria, is a haven for wealth and prosperity. It is home to a myriad of entrepreneurs and business magnates who have deftly navigated various sectors, contributing significantly to the state's economy and transforming it into a vibrant metropolis. In this blog post, we delve into the lives of the top 8 richest men in Lagos State, shedding light on their immense net worth and the ventures that have catapulted them to the summit of wealth and success.

1. Aliko Dangote - Net Worth: $12.2 billion:

The epitome of business success and Africa's richest man, Aliko Dangote ranks first on our list. With a staggering net worth of $12.2 billion, Dangote is the founder and CEO of the Dangote Group, a conglomerate with diverse interests ranging from cement, sugar, and flour production to real estate and telecommunications.

2. Femi Otedola - Net Worth: $1.8 billion:

Femi Otedola, a renowned businessman and philanthropist, is the founder of Forte Oil, which has interests in fuel marketing and power generation. With a net worth of $1.8 billion, Otedola's ventures extend beyond the energy sector, encompassing real estate and telecommunications.

3. Mike Adenuga - Net Worth: $7 billion:

Known for his contributions to the telecommunications industry, Mike Adenuga holds a net worth of $7 billion. He is the founder and chairman of Globacom, one of Nigeria's leading telecommunications companies, as well as the owner of Conoil, an oil exploration and marketing company.

4. Abdulsamad Rabiu - Net Worth: $4.8 billion:

Abdulsamad Rabiu, the founder and chairman of BUA Group, is a prominent figure in Nigeria's cement, sugar, and real estate sectors. With a net worth of $4.8 billion, Rabiu's entrepreneurial prowess and strategic investments have catapulted him into the realm of great wealth.

5. Oba Otudeko - Net Worth: $650 million:

Oba Otudeko, a revered businessman and philanthropist, has made significant contributions to various sectors, including banking, manufacturing, and real estate. With a net worth of $650 million, he continues to inspire and uplift not only the business community but also society as a whole.

6. Herbert Wigwe - Net Worth: $680 million:

Herbert Wigwe is the CEO and Group Managing Director of Access Bank, one of Nigeria's leading commercial banks. With a net worth of $680 million, Wigwe's strategic leadership and foresight have propelled Access Bank to impressive heights, solidifying his position among the wealthiest individuals in Lagos State.

7. Abdul Samad Isyaku Rabiu - Net Worth: $1.1 billion:

Abdul Samad Isyaku Rabiu, the son of prominent industrialist Khalifa Isyaku Rabiu, has successfully carved a niche for himself in the business world. With a net worth of $1.1 billion, he is the founder and CEO of BUA Group, known for its significant presence in the manufacturing, cement, and infrastructure sectors.

8. Austin Avuru - Net Worth: $900 million:

Austin Avuru, a seasoned entrepreneur in the oil and gas industry, has accumulated considerable wealth and influence. As the founder and former CEO of Seplat Petroleum Development Company, his ventures have contributed to Nigeria's energy sector and earned him a net worth of $900 million.


The 1prosperity and success of these individuals exemplify Lagos State's vibrant and dynamic business landscape. With their formidable entrepreneurial spirit, strategic investments, and unwavering determination, these titans have achieved great heights in their respective industries. They not only contribute to the state's economic growth but also inspire and uplift future generations. Lagos State's entrepreneurial ecosystem continues to thrive, attracting local and international investors and solidifying its position as a beacon of wealth and opportunity in Africa.

| Comments (0) | Views(101)

Add your comment

Other Posts
Emmason Integratded Services(2017-2023)
All Rights Reserved
Designed and Maintained By Emmason Integrated Services