10 Richest Men in Nigeria (Forbes 2022) And Their Source of Income
6. Cletus Ibeto ($3.5 billion)
Cletus Ibeto is listed as the sixth richest man in Nigeria in 2022 on our list. Cletus Ibeto has come a long way from his humble beginnings as a motor parts dealer to become one of Nigeria’s richest men.
He is a multibillionaire and the owner of The IBETO Group, one of the biggest conglomerates.
The IBETO Group, whose chairman and founder is Cletus Ibeto, engages in real estate, banking, finance, cement manufacturing, automotive coupling, petrochemicals, etc.
5. Abdulsamad Rabiu ($3.7 billion)
Abdul Samad Rabiu is a well-known industrialist, billionaire, and businessman from Nigeria who specializes in trading commodities. He is the founder and CEO of the Nigerian conglomerate BUA Group, which has interests in manufacturing, logistics, port operations, agriculture, and infrastructure.
Abdul Samad Rabiu’s net worth is a staggering $3.7 billion, according to estimates.
His father, a successful businessman, left Rabiu a sizable amount of land in his will. In 1988, Rabiu began his own business by importing iron, steel, and chemicals while studying at Capital University in Ohio, the United States.
In addition to purchasing Nigeria Oil Mills, Abdulsamad Rabiu is the largest shareholder of BUA PLC, a publicly traded business. He now owns 98.5% of the shares in BUA PLC following the merger of his private company, Obu, and the Cement Company of Northern Nigeria.
4. Arthur Eze ($5 billion)
Arthur Eze is the CEO of Atlas Oranto Petroleum, the largest privately held exploration and production company in Nigeria. He is also a politician, philanthropist, and oil magnate from Nigeria. The eighth wealthiest man in Africa, as the Igbos refer to him, is known as “ozoigbondu” of Igboland.
Arthur Eze, whose net worth is $5 billion, ranks fourth among the top 10 richest men in Nigeria. He is the proprietor of Atlas Oranto Petroleum and a member of a royal family in Nigeria’s Anambra State.
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In addition, Anambra State’s richest resident is Arthur Eze.
