Top 10 Richest Igbo Men In Nigeria (2020)

Top 10 Richest Igbo Men In Nigeria (2020)

The Richest Igbo Men in Nigeria

Who are the richest Igbo men in Nigeria?

This list of the richest Igbo men in Nigeria comprises of people with vast business ventures and entrepreneurship establishments in various fields that regulates the economy of the nation. 

Politicians sure also found on the list having been on high political seats like senatorial and gubernatorial seats in their states. With no much time wasting, let me push you into the main details of this post showing how rich these men are and their big achievements. 

                 Table of Contents                 
S/N   Names Net Worth
10Tony Ezenna $430 million
09Orji Uzor Kalu $700 million
08Cosmas Maduka$800 million
07Tony Elumelu $900 million    
06Leo Stan Ekeh $1 billion
05Pascal Dozie $1 billion
04Rochas Okorocha $1.4 billion
03Ifeanyi Ubah $1.7 billion
02Cletus Ibeto $3.7 billion
01Arthur Eze $5.8 billion

Top 10 Richest Igbo Men in Nigeria (2020)

10) Tony Ezenna Net Worth - $430 million 

Richest Igbo Men - Tony Ezenna

Taking the 10th position is the founder of Orange Drugs Nigeria Limited. The company specializes in the distribution of pharmaceuticals and beauty products from countries like United States, Germany, Italy, Indonesia and more to Nigeria. 

Tony Ezenna is the indigene of Anambra State though been born in Portharcourt. After financial struggles he had to leave his education to join the business of his father. 

Tony left his good job of working as an industrial chemist to start his own company in 1988. We can all say that this decision paid off owning that the company Orange Drugs Nigeria limited has turned into a successful conglomerate. 

As of 2020, Tony Ezenna's net worth is estimated at $430 million and certainly one of the the wealthiest people from South East Nigeria.

Read Also: The Richest Governors in Nigeria

9) Orji Uzor Kalu Net Worth - $700 million 

Richest Igbo Men

Orji Uzor Kalu is a Nigerian politician and businessperson. He was the former governor of Abia State till 2017 under the Progressive Peoples Alliance (PPA). Kalu has served as the chairman of the Borno water board and the chairman of the cooperative and commercial bank limited. 

He is the chairman of SLOK Holdings and the Daily Sun and New Telegraph newspapers in Nigeria. Orji Uzor Kalu won the senatorial seat of Abia North under the All Progressive Congress (APC) in the 2019 Nigerian general elections. 

Moving from his mini buying and selling business, Kalu eventually established SLOK Holdings which is a conglomerate that consists of a number of successful companies. His Daily Sun newspaper has over 200,000 copies in circulation in the country. 

As of 2020, Orji Uzor Kalu net worth is estimated at $700 million. This huge net worth puts him at 9th position on the list of the richest Igbo men in Nigeria. 

8) Cosmas Maduka Net Worth - $800 million 

Richest Igbo Men - Cosmas Maduka

Cosmas Maduka is a Nigerian businessman and philanthropist. His founded company Coscharis group is an indigenous conglomerate with diverse interests in manufacturing, ICT, Petrochemical, Auto Care and Auto components, Automobile Sales and Services, Agric and Agro Allied business sectors. 

Maduka is the sole distributor of BMW in Nigeria and other brands like Range Rover, Ford and Jaguar. He is also famous for Coscharis Motors, a leading automobile sales and servicing company. 

The entrepreneurial journey of Cosmas was at age six after the death of his father. He hawked beans cake (Akara) to help his mother after dropping from primary school. 

In 1977, after the failure of his CosDave startup Maduka founded Coscharis motors with the sum of N300. His business found breakthrough when the Nigerian government granted ten motor companies import license. Coscharis Motors today is worth over $500 million. 

Maduka seats on the board of several reputable companies and organizations. His Coscharis farms has generated over 3000 jobs on their completion of the farm's project in Anambra State. As of 2020, Cosmas Maduka net worth is estimated at $800 million.

7) Tony Elumelu Net worth - $900 million 

Richest Igbo Men - Tony Elumelu

This name is very popular in Nigeria. Tony Elumelu is an African economist, entrepreneur and philanthropist. His name was ranked on "Africa's 20 most Powerful People in 2020" by Forbes. 

Tony is the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and the founder of the Tony Elumelu foundation. The Nigerian government awarded him the Commander of the order of the Niger (CON) and Member of the order of the Federal Republic (MFR) in 2003.

He is the cousin to late Nigerian legendary reggae artist, Ras kimono. Tony acquired Standard Trust Bank in 2005 and United Bank for Africa (UBA) and completing one of the biggest mergers after combining the two banks. 

Another big establishment by the businessman is Heirs Holdings which he founded in 2011. Tony Elumelu currently seats on the boards of various big companies. 

As of 2020, Tony Elumelu's net worth is estimated at $900 million. He is also known for his vast philanthropy and founded the Tony Elumelu foundation in 2010 after stepping down from UBA. 

6) Leo Stan Ekeh Net Worth - $1 billion 

Richest Igbo Men - Leo Stan Ekeh

Leo takes the sixth position on the list. He is a Nigerian businessman from Ubomiri Mbaitoli in Imo State, Nigeria. The 64 years old businessman is the founder and chairman of Zinox Group and also serves as the chairman of konga.com.

He went to India for his tertiary education although having dreams of owning the biggest transport company in Nigeria at an early age. 

The birth of Zinox Technologies was in 2001 which manufactured computers. Their company was first to acquire the WHQL certification in Sub-Saharan Africa. Zinox Technologies in 2013 announced its production of Zipad (Zinox technologies tablet line).

As of 2020, Leo Stan Ekeh's net worth is estimated at $1 billion. His company in 2018 acquired konga.com from its owners buying 99% of the total shares. 
5) Pascal Dozie Net worth - $1 billion

Pascal Dozie is the fifth richest Igbo man in Nigeria 2020. He is an entrepreneur and businessman and the founder of Diamond Bank. Dozie is currently the chairman of Pan Atlantic University. 

The 81 years old business mogul is an indigene of Imo State. His tertiary education was in London where he obtained two degrees and a Master's degree in Administrative Science. 

Pascal Dozie worked for some years in the United Kingdom and Uganda before deciding to relocate to Nigeria to launch his first company African Development Consulting Group (ADCG) which led to the birth of Diamond Bank. 

He became the chairman of the new defunct Progress Bank in 1985. Diamond Bank only had 21 interested shareholders and at N10 million share capital before they met the terms of Central Bank of Nigeria to operate a standard Bank. 

Dozie was the CEO of Diamond Bank before handing over to his son in 2006. He currently owns shares in MTN Group and was the former chairman of the company. As of 2020, Pascal Dozie's net worth is estimated at $1 billion. 

4) Rochas Okorocha Net Worth - $1.4 billion 

Richest Igbo Men - Rochas Okorocha

Taking the fourth position is the popular Imo State politician, Rochas Owelle Okorocha. He doubles up as one of the richest Igbo men in Nigeria as well as one of the richest politicians in Nigeria. 

The politician is a former governor of Imo State and the incumbent senator representing Imo West senatorial district assuming office on June 2019.

He first ran for the gubernatorial seat of Imo State in 1999 under the Peoples Democratic Party (PDP) but lost to Achike Udenwa. After several attempts, Okorocha won in 2011 under All Progressive People's Alliance (APGA).

As of 2020, Rochas Okorocha net worth is tagged at an amazing $1.4 billion. He is the founder of Rochas foundation. 

3) Ifeanyi Ubah Net Worth - $1.7 billion 

Richest Igbo Men - Ifeanyi Ubah

Ifeanyi Ubah is a Nigerian businessman and entrepreneur. He is currently representing Anambra State senatorial district in the Nigerian senate as a senator. He is the founder and CEO of Capital oil. 

Ifeanyi Ubah started learning trading at a very young age due to the inability of his parents to provide for his needs which made him drop out of school. 

He exported motor Tyres and spare parts in West African Countries like Ghana, Sierre Leone, Liberia and DR Congo before growing it into European countries of the world. 

Apart from being an exporter, ifeanyi ubah owns a newspaper company, The Authority Newspaper and Capital Oil and Gas Limited in 2001. He also owns Ifeanyi Ubah FC of the Nigerian Premier League. 

As of 2020, Ifeanyi Ubah's net worth is estimated at $1.7 billion. He won the Anambra South Senatorial elections under the platform of the Young Progressive Party (YPP). 

2) Cletus Ibeto Net Worth - $3.7 billion 

Richest Igbo Men - Cletus Ibeto

Cletus Ibeto is one of the biggest names to come out of the South Eastern Nigeria. He hails from the industrial city of Nnewi in Abia State. Ibeto owns the Ibeto Group which is the largest business enterprise from Nnewi. 

He holds the national honours of officer of the order of the Niger (OON) in 2008 and Commander of the Order of the Niger (CON) in 2012 from the Nigerian Federal Government. 

The tycoon started out as a spare parts dealer after he was an apprentice in the motor parts business. As of 1995, The Ibeto Group had become one of the auto spare parts manufacturing outfits in the country.

Ibeto petrochemical industries Ltd owns the largest liquid storage facilities for petroleum products in Nigeria with a capacity of over 600,000 metric tonnes. 

As of 2020, Cletus Ibeto net worth is pegged at $3.7 billion making him the second richest Igbo man in Nigeria. Ibeto cement company Limited merged with a US petroleum company and later acquired a 70% controlling stake.

Read Also: The Richest Men in Nigeria

1) Arthur Eze Net Worth - $5.8 billion 

Richest Igbo Men - Arthur Eze

Arthur Eze is a Nigerian mogul, philanthropist, politician. He is the CEO of the largest privately held Nigerian oil exploration and production group, Atlas Orato Petroleum.

Arthur is also one of the richest men in Africa. He studied mechanical and chemical engineering at California State University between 1974 and 1978.

His company, Atlas Orato Petroleum has 22 oil and gas licenses in 12 jurisdictions across Africa including assets in Nigeria, Equatorial Guinea and more since its establishment in 1991.

Prince Arthur Eze is seen as an authority when it comes to political matters. He mostly supports the People's Democratic Party (PDP) in Anambra State and also the o other political parties. He gave almost $100 million to support politicians in his state. 

As of 2020, Arthur Eze's net worth is estimated at $5.8 billion. He is known for his vast philanthropic activities in the country in different areas like religion, education, less privileged. He owns an expensive Rolls Royce Phantom worth about N300 million. 

References

Post a Comment

Previous Post Next Post