Becoming successful and rich is the dream of many people. While some are dreaming and hoping to become successful and influential, there are others who are living that dream. Most of them through hard work, determination, commitment and persistence they have been able to find success. That is why we have decided to share a list of the most successful entrepreneurs in Nigeria. Hoping that it will inspire everyone who is dreaming.
Most of the successful entrepreneurs listed here did not always find it easy. They went through tough time. They kept going and succeeded. While everyone might not have same luck and fortune, we can all find inspiration in others. Inspiration that can help us become the best we can.
It is important to note that this list is not looking at the richest entrepreneurs in Nigeria. That is just one factor. We also consider entrepreneurs who have dominated their field. Those who have made big impacts and progress. Steve Jobs was never the richest entrepreneur in the world but in terms of success, he is up there in the top two of his generation. He made big impacts.
So, a successful entrepreneur is an entrepreneur who has made a big impact in a chosen line, made money while building a lucrative business. If you admire the people on this list, you too
I am sure so many people expected this. Aliko Dangote is not just the most successful entrepreneur in Nigeria, he is the most successful in the world. Has has constantly dominated the business world in Nigeria and in Africa.
Aliko Dangote started from selling sweets in primary school to building the biggest conglomerate in Africa. He took a N500, 000 loan from his uncle to startup, now look how far that beginning has taken him to.
“I can remember when I was in primary school, I would go and buy cartons of sweets (candies) and I would start selling them just to make money. I was so interested in business, even at that time.” He famously said
As at March 2020, he is the richest person in Nigeria and Africa with a net worth of $10.1 billion according to Forbes. He has been the richest man in Africa for so long.
Mike Adenuga whose full name is Chief Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON is one of the most successful Nigerian entrepreneurs ever. For almost 2 decades, the battle for the riches person in Nigeria has been a reserved contest between him and Aliko Dangote.
While he is widely known as the owner of Glo, Conoil and many other ventures, Mike Adenuga started in the business world selling Soft drinks. That is how he made his first millions.
As of March 2020, he is ranked as the second richest person in Nigeria and the third richest person in Africa by Forbes with a net worth of $7.7 billion.
Folorunsho Alakija is the richest female entrepreneur in Nigeria. She has been previously ranked by Forbes as the richest woman in Africa. For many years she has been ranked as the richest woman in Nigeria. Folorunsho Alakija is a testimony that no matter your gender, you can be successful. She has shown amazing qualities, leadership and commitment all through her journey as an entrepreneur.
What is more? In 2014, she temporarily unseated Oprah Winfrey as the richest black woman in the world! Her journey to the top from all indication was not easy. She had to work her way to the top with dedication and a never give up spirit.
At the age of 7, she had left Nigeria to study in London. She returned to Nigeria years later to attend Muslim High School Sagamu. Growing up she had interest in fashion.
As of March 2020, she is ranked the richest woman in Nigeria, third richest person in Nigeria, second richest woman in Africa and 20th richest person in Africa with a net worth of $1 billion by Forbes.
Femi Otedola is a well known entrepreneur in Nigeria. His father, Sir Michael Otedola was a former governor of Lagos state and a key player in the oil industry working for Mobil. But that was never enough reason for Femi to relax. As early as six, he already started a business.
“I had my first business at the age of six. It was called FEMCO. I would offer to groom my parents’ guests’ nails. Then, write a receipt and charge them for my service. They paid me too. I always had an interest in business.” He said
Well, while Femi Otedola is a super rich entrepreneur today, things could have taken a different turn. His dream as a child was to become a Reverend father!
His story is one that can inspire many in the face of adversity. Through his hard work, he became the second richest person in Nigeria but not long after that, something went wrong and he lost almost everything. Thoughts of suicide came to him. But with hope, determination and persistence he got up and made it back up.
Tony Elumelu owns a controlling interest in Transcorp and is the most powerful person at United Bank for Africa. He became known when he led a small group of investors to take over a small commercial bank in Lagos. The Bank was Standard Trust Bank (STB). in 2005, the bank merged with United Bank for Africa (UBA) and Tony Elumelu was the MD/CEO.
He has a stake in telecommunication company, MTN. Elumelu with his success has chosen a path to empower the next generation of African Entrepreneurs through his Tony Elumelu Foundation which holds several programs and offers grant to young African entrepreneurs.
For the success and impact, Tony Elumelu deservedly takes his place among the most successful Entrepreneurs in Nigeria
In 2015, he was ranked by Forbes as the 31st richest person in Africa with a Net worth of $700M