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November 22, 2019

These are the 10 richest black people in the world 2020

There are obviously many billionaires and world richest in the world. Some percentage of these billionaires are black and rule in their various fields. We would love to look at the various richest black people and how they got to be so rich.

Here goes the 10 richest black people in the world 2020

Aliko Dangote
Photo credit - Cnbc

1) Aliko Dangote
Net Worth - $9 billion

Aliko Dangote hails from Nigeria and he's the richest black person in the world. He has stunning net worth of $9 billion according to Forbes.

According to investopedia, at age 21 Aliko Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his native country. His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.

Dangote Refinery has been under construction for three years and is expected to be one of the world's largest oil refineries once complete.

He owns nearly 85% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.

Read Also: 10 most expensive private jets in the world

Mike Adenuga
Photo Credit - Mymediaafrica

2) Mike Adenuga
Net Worth - $8.8 billion

According to Forbes, this is Mike Adenuga's net worth, $8.8 billion. He closely follows up Aliko Dangote and he's the second richest black person in the world.

From pulse, Otunba Mike Adenuga made his first major fortune at age 26 years for dealing in importation of lace and other clothing materials in 1970.

His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. In August 2003, Adenuga started the first indigenous GSM telecommunication Nigeria, Global Communications Limited (Globacom). At present, his telecom business has expanded into other West African countries - Republic of Benin, Ghana and Côte d'Ivoire.

In Nigeria, Globacom is the second largest telecom operator with about 37 million subscribers.

Robert Smith
Photo Credit - Denverpost

3) Robert Smith
Net Worth - $4.47 billion

Fortune tagged the net worth of Robert Smith at $4.47 billion. This makes Robert the richest black man in America.

Smith started as an intern at Bell Labs when he was a junior in high school and spent his time outside of school learning how computers work. After obtaining an MBA from Columbia, he went to work for Goldman Sachs, where he was an advisor on mergers for tech giants like Microsoft and Apple. In 2000, he struck out on his own to launch Vista Equity.

In 2015, Smith married model Hope Dworaczyk in a lavish ceremony on Italy's Amalfi Coast, featuring performances by John Legend, Seal and Brian McKnight.

According to CNN, He attended business school at Columbia University and went on to make a fortune off investing in the technology sector, working for GoldmanSachs before starting Vista Equity in 2000.

Read Also: Top 11 highest paid CEOs in Nigeria

Oprah Winfrey
Photo Credit - Slate

4) Oprah Winfrey
Net Worth - $3 billion

Oprah Winfrey has stunning net worth of $3 billion according to investopedia. She is the richest black woman on earth.

Winfrey started her first television job on WLAC-TV (now WTVF), a CBS station in Nashville, Tennessee, at age 19. In 1976, she transferred to WJZ-TV, the ABC affiliate in Baltimore, Maryland, where she struggled with the objectivity required to be a news co-anchor and reporter. Instead, she joined a new morning talk show called “People are Talking," which aired in 1978. That's where Winfrey's fortunes took off.

Oprah Winfrey is officially retired as the television host of the "Oprah Winfrey Show" in 2011. According to biography, Billionaire media executive and philanthropist Oprah Winfrey is best known for hosting her own internationally popular talk show from 1986 to 2011. From there she launched her own television network, OWN.

Isabel Dos Santos
Photo Credit - Businesslive

5) Isabel Dos Santos
Net Worth - $2.2 billion

Forbes tagged her net worth at $2.2 billion. Now we already have two women on the list of richest black people. Isabel dos Santos is the oldest daughter of Angola's longtime former president, Jose Eduardo dos Santos, who stepped down in fall 2017

From Wikipedia, In 2013, according to Forbes, her net worth had exceeded US$2 billion making her Africa's first billionaire woman. Forbes described how dos Santos acquired her wealth by taking stakes in companies doing business in Angola, suggesting that her wealth comes almost entirely from her family's power and connections.

Pulse in 2017, reported Dos Santos being sacked as the head of Sonangol. She was replaced by new Angolan president who succeeded her father. Sonangol is Angolan State run oil firm.

Read Also: These are the richest kids and teenagers in the world

Patrice Motsepe
Photo Credit - Sabcnews

6) Patrice Motsepe
 Net Worth - $2.2 billion

Patrice Motsepe is the 6th person on the list. He is from South Africa with a huge net worth of $2.2 billion. He is the richest man in South Africa, was named in 2012 by the Sunday Times annual rich list.

According to Wikipedia, He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam.

According to Forbes, In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work.

In 1997, he bought low-producing gold mine shafts and later turned them profitable.

Folorunsho Alakija
Photo Credit - Dailypost

7) Folorunsho Alakija
Net Worth - $1.7 billion

Forbes places Folorunsho Alakija's net worth at a billion dollars plus. She is one of the richest black people's list and the richest woman in Nigeria and among the top richest women in Africa.

According to time, Folorunsho Alakija actually unseated Oprah Winfrey in 2014 as the richest black woman in the world. At then she was tagged at $3.3 billion.

The 62-year-old started her career as a secretary at the erstwhile Merchant Bank of Nigeria, but moved to England in the early 1980s to study fashion design. She then returned to her native country and set up a high-end label called Supreme Stitches.

Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset.

Read Also: 10 Richest Pastors in Nigeria

Michael Jordan
Photo Credit - Complex

8) Micheal Jordan 
Net Worth - $1.7 billion

The net worth of Micheal Jordan currently stands at a stunning $1.7 billion. By many, he is considered to be the best NBA player of all time.

According to pulsegh, He earned $90 million total in NBA salary, and about $63 million of that came in his final two seasons with the Chicago Bulls. As of 2015, he was reportedly making $100 million a year from Nike royalties alone.

Nike founder Phil Knight called signing Jordan the best decision he ever made, nabbing the NBA rookie for $250,000 a year in 1984. Nike's Jordan Brand alone now brings in more than $3 billion in revenue each year.

Strive Masiyiwa
Photo Credit - Unilever

9) Strive Masiyiwa 
Net Worth - $1.5 billion

Strive Masiyiwa net worth is written different according to various publications. He is the richest man in Zimbabwe.

According to Forbes, Mascom was the first mobile telecom company Masiyiwa founded. He founded the company 21 years ago, few months before he established Econet Wireless in Zimbabwe. It is Botswana’s largest mobile operator with a reported 1.7 million subscribers.

In March 2019, Econet Group spent $300 million acquiring a 53% stake in Mascom from MTN Group, thereby increasing its stake from 7% to 60%. The deal is expected to be concluded anytime soon as regulatory approval is at its final stages.

Micheal Lee Chin
Photo Credit - Theglobeandmail

10) Micheal Lee Chin 
Net Worth - $1.5 billion

Michael Lee Chin closes the list for the richest black people in the world. With net worth of over $1.5 billion, he is considered richest person in Canada.

According to Forbes, Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited.

Under Lee-Chin, the Canada-based wealth management and mutual fund business managed more than $10 billion in assets by 2002.

Read Also: Most populated countries in the world

Hope we met your needed answers for your enquiry. Let's recap the list again....

  • Aliko Dangote 
  • Mike Adenuga 
  • Robert Smith 
  • Oprah Winfrey 
  • Isabel Dos Santos 
  • Patrice Motsepe 
  • Folorunsho Alakija 
  • Michael Jordan 
  • Strive Masiyiwa 
  • Michael Lee Chin 

November 19, 2019

Looking at the 10 most populated countries in the World

The world population currently stands at 7.7 billion with Asia having most of the population. China takes the first position followed by India, both being Asian countries. 

The world population took over 200,000 years of human history for the world population to reach a billion and then only 200 years to strike 7 billion. Don't know which countries are most populated? Then this post on most populated countries in the world got it all covered. The population's data comes from Internetworldstats

Read Also: Richest Actors in India


1) China - Most Populated Country
Population - 1,420,062,022

China is the most populated country in the world with population of over 1.4 billion. China covers approximately 9,600,000 square kilometers and it's the third or fourth largest country by total area. 

China exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau.

The current president is Xi Jinping, who took office in March 2013. The office was first established in the Constitution of the People's Republic of China in 1954 and successively held by Mao Zedong and Liu Shaoqi.

Is Hong Kong part of China? 
Hong Kong is a special administrative region on the eastern side of the pearl river estuary in southern China. It's population is at about 7.4 million which includes people from various nations. 

Who is in control of China? 
The current president of China is Xi Jinping. He became the president on March 2013.

China is bordered by 14 countries: Afghanistan, Bhutan, India, Kazakhstan, North Korea, Kyrgyzstan, Laos, Mongolia, Myanmar (Burma), Nepal, Pakistan, Russia, Tajikistan, and Vietnam.

Indian flag

2) India 
Population - 1,368,737,513

India is the second most populated country in the world with population of over 1.3 billion people. It is located in South Asia and and also the seventh largest country in the world by area. 

Why is India called India?

The name is derived from the ancient Hindu Puranas, which refer to the land that comprises India as Bhāratavarṣa (Sanskrit: भारतवर्ष, lit. country of Bharata) and uses this term to distinguish it from other varṣas or continents.

How old is India? 
According to Wikipedia, anatomically modern humans first arrived on the Indian subcontinent from Africa between 73,000 and 55,000 years ago. However, the earliest known human remains in South Asia date to 30,000 years ago.

Is India a Third World country
Yes, India is considered as a Third World country and also a developing country

United States Flag

3) United States 
Population - 329,093,110

United States has population of over 329 million. 52 states are found in the US. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC.

Who is the president of US?
Donald Trump. He is the 45th and current president of the United States. The 73 years old Trump assumed the presidency office on January 20, 2017.

Do Puerto Ricans pay US taxes?
The Commonwealth government has its own tax laws and Puerto Ricans are also required to pay some US taxes although most residents do not have to pay the federal personal income tax. In 2016, Puerto Rico paid $3.5 billion into the US Treasury.

Read Also: Most expensive private jets in the world

Indonesian flag

4) Indonesia 

Population - 269,536,482

Over 269 million people are in Indonesia. It is among the most populated countries in the world. Jakarta is it's capital and the country is located in Southeast Asia and made up of thousands of volcanic islands. 

Is Indonesia a Rich Country?
Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G20 and classified as a newly industrialised country. 

It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP).

Indonesia, with over 18,000 counted islands, is by far the largest and most varied archipelago on Earth. It spans almost 2 million square kilometers between Asia and Australia.

Who is the president of Indonesia?
Joko Widodo is the 7th and current president of Indonesia. He assumed office on 20 October 2014.

Brazilian flag

5) Brazil
Population - 212,392,717

Brazil comes fifth on the list. We all know Brazil to be a populated country and it has population of over 212 million. It is a South American country. The capital of Brazil is Rio De Janeiro and one of the interesting facts about Rio is the 38m Christ the Redeemer statue.

Brazil is famous for some huge soccer stars, namely Pele, Ronaldo, and Ronaldinho. Football is like passion for Brazilians, who often refer to their country as “o País do Futebol” (“the country of football”).

Is Brazil a developed country?

Brazil is not a developed country. Though it has several characteristics of one, including the largest economy in South America or Central America, Brazil is still considered as developing due to its low GDP per capita, low living standards, high infant mortality rate and other factors.

Who is the president of Brazil?
Jair Bolsonaro is the 38th and current president. He was sworn in on 1 January 2019 following the 2018 presidential election.

Read Also: Richest kids and teenagers in the world

Pakistani flag

6) Pakistan
Population - 204,596,442

Pakistan comes as the 6th most populated country in the world with over 204 million population. It is also called the Islamic republic of Pakistan and it is situated in South Asia. It is the 33rd largest country by area with 813,913 Square Kilometers.

Who is the Prime Minister of Pakistan?
Imran Ahmed Khan Niazi HI PP is the 22nd and current Prime Minister of Pakistan and the chairman of the Pakistan Tehreek-e-Insaf.

Nigerian flag

7) Nigeria
Population - 200, 962, 417

Nigeria is the only African country on this list. Well, it's frequently called the "Giant of Africa", the most populated country in Africa and the 7th most populated country in the world.

Who is the president of Nigeria?
Muhammadu Buhari. He was sworn in on May 29, 2015 as the president of the Federal Republic of Nigeria.

What is Nigeria known for?
Africa's giant, Nigeria is widely known for its petroleum production and exportation as a major source of the nation's economy accounting for about 95% of foreign exchange income and 70% of government revenue. This black nation remains the largest oil producer in Africa and the 12th largest producer in the world.

They are also known for entertainment. The nollywood industry features great actors and actresses and large movie circle over the years. Also the music and comedy side is really wonderful with comedians and artists gaining so much international influence.

Bangladeshi flag

8) Bangladesh
Population - 168,065,920

Bangladesh is the 8th most populated country in the world with population of over 168 million just after Nigeria. It is a South Asian country marked by lush greenery and many waterways.

Is Bangladesh a poor country?
According to the World Bank, Bangladesh's poverty rate fell from 82% in 1972, to 18.5% in 2010, to 13.8% in 2016, and below 9% in 2018,as measured by the percentage of people living below the international extreme poverty line

The country is loved for its lush green landscape and numerous waterways. One of the most known means of transport is by the use of boats. These are some amazing things that the country is famous for. Bangladesh is home to Cox's Bazar, the longest Sea beach in the world.

Who is the leader of Bangladesh?
Sheikh Hasina Wazed is a Bangladeshi politician serving as the 10th Prime Minister of Bangladesh since January 2009.

Read Also: Most expensive phones in the world

Russian flag

9) Russia
Population - 143,895,551

Russia has population of over 143 million people. The country is the ninth most populated country in the world. Russia borders European and Asian countries as well as the Pacific and Arctic oceans.

What is Russia known for?

Lets-travel-more gave little facts you would love about Russia.

  • Vodka was covered from the Russian word "voda" which means water. The Russians drink vodka like water.
  • The coldest place in the world is located in Russia. It is called Oymyakon.
  • Russia has a whopping eleven time zones. 
  • Russia is the fifth official language of the United Nations. 
the Mexican flag

10) Mexico 
Population - 132,328,035

Mexico rounds off the list. It has population of over 132 people. It is a country between the US and central America. There are 31 states in Mexico as well as the capital city (Mexico City).

The most popular thing in Mexico?
The ancient city of Teotihuacan welcomed 4 million visitors in 2017. This is considered to be the most popular archaeological site in the country.

Read Also: These are the highest paid CEOs in Nigeria

These are the countries with more population 
  • China 
  • India 
  • United States 
  • Indonesia 
  • Brazil 
  • Pakistan 
  • Nigeria 
  • Bangladesh 
  • Russia 
  • Mexico 

November 15, 2019

Top 11 Highest Paid CEOs in Nigeria 2020

Top 10 Highest Paid CEOs in Nigeria

There are lots of CEOs in Nigeria but some earn more than the imagined normal. Most have moved their companies since taking the office of Chief Executive Officer and this also led to huge increase in their income.

Huge fortunes are also made as a CEO of a company depending on how huge and relevant the company has become. These leaders earb hugely annually beyond unimaginable amounts even though most are not owners or founders of the company.

A lot of factors can affect this and we are willing to share all we can with you on this post on the highest paid CEOs in Nigeria.

Read Also: These are the richest actresses in Nigeria

Kennedy Uzoka
Photo Credit - Nairametrics 

11) Kennedy Uzoka
Position - Group Managing Director, United Bank for Africa Plc
Earnings - N190 million

Kennedy Uzoka is the Group managing director / CEO of United Bank for Africa Plc. Kennedy Uzoka won the "Business Day's Bank CEO" of the year 2019 awards.

According to UBA group, Kennedy has been successful in pulling increased financial performances and appreciation of shareholders investment.

he has ensured massive investment in the digitalisation of the bank’s activities and processes, particularly the introduction of UBA’s chatbot, LEO which is the first of its kind by any financial institutions in Africa.

Following Uzoka’s appointment on August 1st, 2016, UBA’s customer deposit has grown by 19.4% to N2.49tn away from the four per cent crunch which had been recorded the previous year, while net loans improved from a 3.3 per cent loss position recorded in 2015, to N1.51tn, representing a huge incline by 45.2 per cent.

Jordi Borrut Bel
Photo Credit - marketingedge

10) Jordi Borrut Bel
Position - MD/CEO of Nigerian Breweries Plc
Earnings - N190 million

The tenth position for the highest paid CEO in Nigeria goes to the Managing Director of the Nigerian Breweries Plc, which is Nigeria no 1 brewer.

Nigerian Breweries Plc. engages in the brewing and marketing of Lager beer, Stout and non-alcoholic malt drinks and the bottling of the Schweppes range of soft drinks and Crush Orange. The company's product range includes Star, Gulder, Legend Extra Stout, Maltina and Malta.

Jordi Borrut Bel was appointed as the new Managing Director / CEO of Nigeria Breweries Plc in 2017. The appointment took effect from January 22nd 2018. At then he was the managing director of Heineken's subsidiary in Burundi, Brarudi S.A and a board member of Bralerwa limited, Rwanda.

Read Also: Top richest pastors in Nigeria

Akin Akinfemiwa

9) Akin Akinfemiwa
Position - Group CEO, Forte Oil Plc
Earnings - N191 million

The group CEO of Forte Oil Plc has reported earnings of N191 million. Mr. Akinfemiwa is one of the most important and recognisable corporate personalities both within and outside Nigeria.

According to Nairametrics, Akin Akinfemiwa was an Executive Assistant to the Deputy Managing Director/Chief Operating Officer at Oando for a year. Between 2003 and 2006, he served as a Products and Derivatives Trader at Oando Supply and Trading Limited.

Mr. Akinfemiwa studied at Nigeria’s premier university, the University of Ibadan, graduating in 1995 with a degree in Mechanical Engineering. Later, in the year 2000, he graduated with a Master’s in Business Administration (MBA in Information Technology) from the Hull Business School of the University of Lincolnshire and Humberside.

He is also an alumnus of the University of Oxford, having studied at the Saïd Business School.

in 2018, the prospects of a good financial year report abound because Forte Oil’s Q3 report shows revenue at N94 billion, as against N68 billion in Q3 2017, and a profit after tax of N9.1 billion, compared to N5 billion in Q3 2017.

Mauricio Alarcon

8) Mauricio Alarcon
Position - CEO / Managing Director Nestle Nigeria Plc
Earnings - N210 million

Mauricio Alarcon is the CEO of Nestle Nigeria Plc. He has earnings worth N210 million. Really huge!. He is from Mexico and was born in 1973. Mauricio studied Engineering Manufacturing and Management in the Manchester University between 1992 and 1997.

He was the Area Sales manager for North Mexico in 1999. On July 2000, he got promoted to the role of Senior Brand Manger after eleven months as Area Sales Manager.

Aside his work in Mexico, in 2004, he moved to Nestle Switzerland and became the Marketing Advisor until May 2005. Between May 2005 and January 2014, Mr Alarcon was appointed to key positions in Nestle’s ice cream business in places such as Switzerland, Australia, and Egypt.

He gained the position as the Chief Executive Officer of Nestle Nigeria Plc on October 1st, 2016. Prior to this, he worked for Nestle Cote d'ivoire as country manager and also the managing director of Nestle Atlantic Cluster.

At the end of the 2017 financial year, Nestle Nigeria reported an impressive performance. Revenue had increased from N181 billion in 2016 to N244 billion in 2017. In the same vein, profit after tax jumped from N7.9 billion in 2016 to N33.7 billion.

the company’s recently released third quarter 2018 financial report shows that revenue increased from N185 billion in 2017 to N203 billion in 2018. This represents a 9.72% increase year on year. Profit after tax also rose from N22.9 billion in 2017 to N33.1 billion in 2018, representing a 44.5% increase year on year.

Read Also: Teni biography and net worth

Yaw Nsarkoh

7) Yaw Nsarkoh
Position - Managing Director, Unilever Nigeria Plc
Earnings - N330 million

Mr. Nsarkoh, Managing Director at Unilever Nigeria Plc, took home a total package of ₦330million in 2018 a 50.6 percent increase from what he earned in 2017.

He has also served as a Strategic Assistant to Unilever’s President for Asia, Africa, Central and Eastern Europe. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana etc.

Mr Nsarkoh holds an Honors Degree in Chemical Engineering from the University of Science and Technology, Kumasi, Ghana, and a Post Graduate Diploma in Management from Henley Management College, Henley -on- Thames, United Kingdom.

Segun Agbaje
Photo Credit - entrepreneurs

6) Segun Agbaje
Position - CEO, GTB Bank Plc
Earnings - N384 million

Segun Agbaje has an annual salary of N384 million as of 2018 and should be higher in 2019 as compared to N224 million he earned in 2017. He has over 19 years of banking experience.

According to Wikipedia, Awards he has won as the Managing Director includes Best Bank in Nigeria by Euromoney; African Bank of the Year by African Banker Award; Best Bank in Nigeria by World Finance UK; Most innovative Bank by EMEA Finance; Best Banking Group by World Business Leader Magazine and Best Bank in Nigeria award by the Banker Awards.

Segun Agbaje attended St Gregory’s College, Obalende Lagos State and St Augustine Academy, Kent for his secondary education then proceeded to University of San Francisco in America where he gained both a BSc in Accountancy and a master's degree in Business Administration.

Joseph Makoju
Photo Credit - Thisdaylive 

5) Joseph Makoju
Position - Group CEO, Dangote Cement Plc
Earnings - N429 million

Engineer Joseph Makoju is currently the Group CEO of Dangote cement Plc. He assumed this position on October, 2009 and has retained it till date.

Joseph Makoju served as Special Adviser (Electric Power) to the President Goodluck Jonathan of Nigeria under two separate administrations. He is now Honorary Adviser on Electric Power to the current President/Commander-in-Chief, Federal Republic of Nigeria.

He graduated from University of Nottingham, UK in 1972 with First Class Honour earning BSc in Mechanical Engineering; and M.Phil. Mechanical Engineering in 1974 from the same University.

He also holds an honorary Doctor of Science in Engineering degree from the Federal University of Agriculture, Makurdi.

According to Punch, Dangote Cement Plc is to open export facilities in Lagos and Port Harcourt and attract $700 million foreign exchange into the Nigerian economy.

Read Also: Richest Kids and teenagers in the world

Baker Magunda
Photo Credit - Guinness-nigeria

4) Baker Magunda
Position - CEO, Guinness Nigeria Plc
Earnings - N461 million

Baker Magunda earned an annual salary of ₦461 million in 2018, up from ₦186 million paid to the previous CEO in 2017. Magunda joined Guinness Nigeria from Diageo in May 2018.

According to Guinness Nigeria, Baker gained his first degree in Economics at Makerere University in Uganda and Makerere University Business School. He also attended IESE and Strathmore Business Schools for postgraduate studies in Business and Leadership.

He started his career in Sales and Marketing at Coca-Cola Sabco in 1991. He was made Head of Sales in 1996 before joining Diageo in 1999. At Diageo, he served in several marketing roles before becoming Managing Director for Diageo’s businesses in Uganda, Kenya, Cameroon.

Baker Magunda before becoming a member of the Guinness Nigeria, was the Managing Director of Diageo Ethiopia and the Indian Market oceans.

Augustine Ojunekwu Avuru
Photo Credit - Nairametrics 

3) Augustine Ojunekwu Avuru
Position - MD/CEO Seplat Plc
Earnings - N483 million

Augustine Ojunekwu Avuru holds the third position of the highest paid CEOs in Nigeria. He is the Chief Executive Officer of Seplat Plc and assumed the office on May 2010.

Avuru earned a compensation totaling ₦483 million in 2018, an increase from ₦476 million which he earned in 2017.

From Blerf, prior to his position as the CEO of Seplat Plc, an oil exploration company, he worked at NNPC starting as a youth corper. After much spent years at NNPC, he moved Kase Lawal's Allied Energy Resources and worked for ten years as exploration manager and General manager, technical.

He is one of Nigeria’s most accomplished businessmen and an inspiration to thousands of aspiring entrepreneurs hoping to someday translate value into wealth.

Read Also: See the most expensive phones in the world

Adewale Tinubu
Photo Credit - Twitter 

2) Adewale Tinubu
Position - Group CEO, Oando Plc
Earnings - N568 million

Adewale Tinubu is the group CEO of Oando Plc. Oando Plc is Africa's leading indigenous energy solutions provider listed on the Nigerian and Johannesburg stock exchange.

In 2010, Wale won the Africa’s ‘Business Leader of the Year’ award by the African Business Magazine and the Commonwealth Business Council on the basis of his contributions to the development of the African Oil and Gas industry.

In 2011, he was awarded the ‘African Business Leader of the Year’ by Africa Investor. He obtained a Bachelor of Laws (LLB) from the University of Liverpool, England in 1988 and Masters of Law (LLM) from the London School of Economics, United Kingdom, in 1989 where he specialised in International Finance and Shipping.

In 2007, he was named a Global Young Leader by the World Economic Forum, Geneva, in recognition of his achievements as one of the leading executives under 41.

Ferdinand Moolman

1) Ferdinand Moolman
Position - CEO, MTN Nigeria
Earnings - N571 million

Ferdinand Moolman is the CEO of MTN Nigeria, Nigeria's biggest non-oil foreign direct investment.

Moolman rose to the position of CEO on December 1, 2015 after the telecommunication giant made several appointments to review its operating structure with a view to strengthening operational oversight, leadership, governance and regulatory compliance across its 22 country operations in Africa and the Middle East.

His appointment as CEO came after the company was slammed a $5.2 billion fine by the Telecommunication’s regulatory body, the Nigerian Communications Commission (NCC) for failing to meet a deadline to disconnect unregistered users from its network. The fine was however reduced to about $1billion after several talks and negotiation between both parties.

Under the leadership of Moolman, MTN Nigeria completed the payment of the fines. MTN Nigeria got a successful listing on the Nigerian Stock Exchange, Data revenue rose to over $500 million annually and more.

Read Also: Richest Actors in India and their net worth

We've rounded up the list of the highest paid CEOs in Nigeria. They helped their companies severally to get higher, huger and increase in revenue annually.

November 12, 2019

These are the top 10 richest kids and teenagers in the world 2020

It's very lit to be wealthy at a very young age. Your life should be way easier than normal and things done for you in extravagant ways. Many kids and teenagers are rich today maybe due to inheritance or it might be they have worked and earned the money. 

Regardless of which way the wealth amounted, they are still considered wealthy and are on our list. Do you want to know how these teenagers at their age got so much money already? That's why we made this post on the top 10 richest kids and teenagers in the world 2020.

Read Also: The richest actresses in Nigeria

Syed Sumail
Photo Credit - liquipedia 

15) Syed Sumail 
Net Worth - $2 million 
Age - 20

Syed Sumail takes the fifteenth position on the list. He is one of the richest teenagers in the world. 

Sumail just before his sixteenth birthday and one month as a professional gamer in the US got a Pay of $200,000. The Guinness Book of World Records recognized Sumail as the youngest gamer to surpass US$1 million in tournament prize money winnings. In 2016, Time named Sumail as among 'the 30 Most Influential teens'.

He is Pakistani. Syed was born in Karachi, Pakistan and lives in Rosemount, Illinois. 

During the summer of 2015, Syed Sumail was among the five players that won nearly $7 million for being the best DOTA 2 players in the world. He was still 16 at then. 

Bhad Bhabie
Photo Credit - hiphopdx

14) Bahd Bhabie 

Net Worth - $4 million 
Age - 16

From the tables of Newsweek, bhad bhabie was named as one of Time's Most influential teens in 2018. She shot into the spotlight quickly after she appeared on Dr Phil in late 2016. At then, Bregoli was only 13 years old and her rise to fame was surrounded by the phrase "Cash me outside".

Bahd Bhabie gets over 3.2 million listeners Every month on Spotify. Her most played song on Spotify is "Gucci Flip flops" which featured Lil Yatchy getting about 83 million plays on Spotify. 

On January 2019, Bhad bhabie landed a $900,000 deal with Copycat Beauty. According to TMZ, Bregoli will earn a percentage of the company's sales which depends on how much product she helps them sell. 

The 16 years old rapper 2 months before her 16th birthday revealed a $40,000 Porce-lain veneer makeover in a viral video. made a list of cars Bahd Bhabie is not old enough to own. She turns 17 next year's March and possibly in her garage got all these: Mutang and Challenger, Corvette, a Bentley Continental, Gucci Flip Flop Pick up, Mercedes Benz, Rolls Royce etc. 

Bhad bhabie was rumored to be dating rapper Young Boy NBA. Well, Bahd Bhabie has addressed the rumor explaining the reason behind the "Kentrell" tattoo on the side of the hand in honor of rapper NBA young boy. 

The whole rumor started when Bahd bhabie made a Snapchat image of herself lying in bed with an unidentified man but fans was noticing that the man's tattoo were so similar to Young Boy NBA own. 

Alina Morse
Photo Credit - dbusiness

13) Alina Morse 
Net Worth - $6 million 
Age - 14

Alina Morse founded her sugar free candy company while she was nine years old after her dad told her she couldn't eat candy because it was bad for her teeth. 

After she watched YouTube videos on how to make candy and experimenting with recipes in her kitchen, she produced what is today, millions of dollars company. She is the CEO of Zolli Candy and has the number one selling sugar free lollipop on Amazon. She also sells her products in major retailers like whole foods, Walmart and Kroger. 

Her company is located in her hometown, Wolverine Lake, Michigan, 30 miles northwest of Detroit having full time employers and several independent contractors.

Jaden Smith
Photo Credit - facebook 

12) Jaden Smith 

Net Worth - $9 million 
Age - 21

Jaden Smith became famous first as a movie actor. He starred in Pursuit of Happiness, a 2006 movie with his dad, Will Smith. He also acted in Karate Kid alongside Jackie Chan in 2010 and After Earth alongside Dad Will Smith in 2013.

Jaden Smith is also a rapper. He is signed to Columbia records and ROC Nation. Jaden Smith released his first studio album Syre in November, 2017 and released his second studio album Erys on July 5, 2019.

Jaden Smith has returned to acting as of 2017, acting in the two part Netflix original The Get Down and a voice acting role in the Netflix original anime, Neo Yokio.

Being rich is really a good thing cause you get almost all you wish to have. In 2016, jaden was spotted with a $5,000 hair tie on his dreads. Jaden smith has a $91,250 Tesla Car, a $151,702 Porsche Car, a Rolls Royce worth about $400,000, another Porsche car of around $150,000 and Gucci bag costing $890.

In 2018, Jaden claimed that rapper Tyler the creator was his boyfriend but few weeks later he doubled down the claims. 

During October 2019, cheatsheet were revealing that Jaden Smith and Kylie Jenner might be dating after it was said that she broke up with Travis Scott. 

Dannielyn Birkhead
Photo Credit - Hollywoodlife

11) Dannielyn Birkhead 

Net Worth - $10 million 
Age - 13

Dannielynn Birkhead is the daughter of late Playboy model Anna Nicole Smith, who passed away on February 8, 2007, as the result of a prescription overdose.

The late model’s son, Daniel Wayne, passed away just three days after Danielynn’s birth, in his mother’s hospital room while visiting her at the maternity ward in the Bahamas. He was 20-years-old, and reports indicate that he died as the result of a lethal combination of methadone, Zoloft, and Lexapro.

She currently lives in Kentucky, US but was born in Nassau, Bahamas. 

Abigail Breslin
Photo Credit - Independent 

10) Abigail Breslin 

Net Worth - $16 million 
Age - 23

It's remarkable that a 23 years old lady is worth around $16 million. She began acting in 2002 when she landed a role in M. night Shyamalan's movie "Signs". She got started in the entertainment industry appearing in commercials at the age of three. 

Abigail has also appeared in Raising Helen, Little Miss Sunshine, Nim's Island, Zombieland and Kitt Kettridge. She is one of the youngest actresses ever to be nominated for an Academy Award.

Abigail Kathleen Breslin was born in New York City, New York, to Kim and Michael Breslin, a telecommunications expert and consultant. She has two sibling, Ryan Breslin and Spencer Breslin, who is also an actor. She is of Irish, Austrian Jewish, and English descent.

Currently, Abigail Breslin is dating English Actor, Alfred Thomas Freddie Highmore. They two started dating in November 2016. Freddie is 27 years old. 

She dated actor Tom Sturridge in 2014 and Jack Barakat who is a musician in 2013.

Read Also: Top 10 Richest Pastors in Nigeria

Nick D'Aloisio
Photo Credit - NY Times 

9) Nick D'aloisio 

Net Worth - $35 million 
Age - 24

Nick D'Aloisio is a British computer programmer with net worth of $35 million. He comes ninth on our list of richest kids and teenagers in the world. 

Nick D'aloisio is a self taught programmer. He sold his Summly app to yahoo for $30 million. Yahoo wanted him to develop it into Yahoo news and digest and he did. The Digest won an Apple Design Award

D'Aloisio was born in London. His father, Lou Montilla, is an investment banker; his mother, Diana D'Aloisio is a lawyer

At the time Nick sold his Summly App, he had a girlfriend he had been dating for 10 months. D'Aloisio says spending time with her is a favorite pastime, along with playing sports and designing things.

Emme and Maxmilia Muniz
Photo Credit - Pinterest 

8) Emme and Maxmilia Muniz 

Net Worth - $200 million 
Age - 11

Emme and Maxmilia Muniz are the children of popular actress and singer, Jennifer Lopez. Maxmilia David Muniz is an instagram personality and celebrity star kid from Long Island, USA. 

Their father is Mac Anthony. They are 11 years old. People Magazine purchased her baby photos for a reported six million dollars.

Knox and Vivienne Pitt Jolie
Photo Credit - thefrisky

7) Knox and Vivienne Pitt 
Net Worth - $200,000
Age - 11

The kids of Angelina Jolie and Brad Pitt are the 7th richest kids in the world. They are already reffered to as mini-entrepreneurs after they created a Stand that sold dog treats at their local dog park. 

Knox and Vivienne are the youngest of six children. Their other siblings, from youngest to oldest, are: Shiloh, 12, Zahara, 13, Pax, 14, and Maddox, 16.

These kids are homeschooled for most of their lives. They have been reported to have been taking basic classes but are also learning foreign languages and getting in plenty of physical activity

Knox and Vivienne has already racked up acting credits. In 2016, Knox voiced the character of Kuku in Kung Fu Panda 3. Vivienne played the younger version of Aurora in 2014's Malificient.

Suri Cruise
Photo Credit - harpersbazaar

6) Suri Cruise 

Net Worth - $800 million 
Age - 13

Suri cruise is obviously on the list due to her parents Tom Cruise and Katie Holmes. The daughter of the stars is worth $800 million.

Currently it seems there will be much of a mother-daughter bonding. The both, sometimes work out together and Katie Holmes claims it just depends on the day.

She opened up while granting a rare interview while speaking about her experience as a single mother. Suri was raised away from the public eye but only to an extent. Her marriage to actor Tom Cruise in 2016 lasted for only few years as they divorced in 2012.

Read Also: 10 Most Expensive Private Jets in the world

Phoebe Adele Gates
Photo Credit - Pinterest 

5) Phoebe Adele Gates
Net Worth - $1 billion +
Age - 17

Phoebe Adele Gates is the fifth richest teenager in the world. She is the youngest daughter of the second richest man in the world, Bill Gates. Phoebe Adele Gates also has love for computer just like her Dad

Phoebe Adele Gates was born on September 14, 2002, in Medina, Washington, to billionaire, Bill Gates, and his wife Melinda.

Phoebe according to various publications is worth about $10 million but a lot more around a billion dollars should be inherited by Bill Gates youngest daughter. 

Blue Ivy Carter
Photo Credit - Vanityfair

4) Blue Ivy Carter 

Net Worth - $1 billion +
Age - 7

Blue ivy carter is the daughter of celebrity couple, Beyonce and Jay-Z. She has been referred to as a "Cultural icon" by her mum Beyonce. 

When blue ivy carter was still 19 months old, she was on tour with her mother. Apart from touring with her mom, she has voiced as a guest on her parent's tracks a couple of times. 

Ivy rocked an $11,000 to the 2016 VMAs. She wore a Meschka Aoki gown that costs that much. Ivy was also featured in a Grammy performance before her sixth birthday. 

Prince Moulay El Hassan
Photo Credit -

3) Prince Moulay El Hassan 

Net Worth - $2 billion 
Age - 16

Moulay El Hassan is the crown prince of Morocco. He is the Eldest son of king Mohammed VI of Morocco and Princess lalla Salma of Morocco. He is to inherit lots of fortune due to his royalty. 

He has a younger sister, Princess Lalla Khadija. He is named after his grandfather Hassan II; when he ascends the throne, he is expected to reign as Hassan III.

Moulay Hassan has already started taking responsibilities and doing much. On September, 2019, he traveled to Paris as a representative of his father king Mohammed VI at the funeral of former French president, Jacques Chirac.

Prince George Alexander Louis
Photo Credit - popsugar 

2) Prince George Alexander Louis
Net Worth - $3 billion
Age - 6

Prince George Alexander is second richest kid in the world. The 6 years old George Louis is worth about $3 billion.

The “Prince George” effect is as present as Charlotte’s in fashion and toys, especially after 2015 when Prince George landed himself on the “50 Best Dressed Men in Britain” list in a designer Rachel Riley outfit.

George Alexander Louis is the new heir to the throne. The Royal Family’s net worth is at $4 billion which includes jewelry, and estates.

Princess Charlotte of Cambridge
Photo Credit - express 

1) Princess Charlotte of Cambridge 
Net Worth - $5 billion 
Age - 4

Princess Charlotte is the second child and only daughter of Prince William, Duke of Cambridge, and Catherine, Duchess of Cambridge. She is fourth in the line of succession to the British throne.

On 11 June 2016, she made her first public appearance, which was on the balcony of Buckingham Palace during Trooping the Colour.

She accompanied her parents on their royal tour of Canada in September 2016 and on their diplomatic visit to Poland and Germany in July 2017.

Read Also: Richest Actors in India

Looking at the list again.... 

  • Syed Sumail 
  • Bhad Bhabie 
  • Alina Morse 
  • Jaden Smith 
  • Dannielyn Birkhead 
  • Abigail Breslin 
  • Nick D'Aloisio 
  • Emme and Maxmilia Muniz 
  • Knox and Vivienne Jolie Pitt 
  • Suri Cruise 
  • Phoebe Adele Gates 
  • Blue Ivy Carter 
  • Prince Moulay El Hassan 
  • Prince George Alexander Louis 
  • Princess Charlotte of Cambridge