Who are the youngest billionaires and millionaires in Nigeria? Here is a list of names of 20 extremely wealthy youngest entrepreneurs in Nigeria in 2023.
Unlike before when you had to reach a late age to become wealthy, in recent times, one does not have to be necessarily old to be wealthy. Contrary to the popular notion that to be a billionaire at a young age, one has to be involved in Yahoo or other fraudulent activities, these ones in Nigeria have defied that notion.
Nigeria has a handful of young men and women under 50 who have built multi-million dollar businesses and empires.
These big names listed in this article have two women, and 18 men who are remarkably hardworking, making millions yearly and bringing glory to their country in terms of entrepreneurship.
Who is the youngest billionaire and millionaire in Nigeria? Read till the end of this article as TheDistin lists the top men and women earning millions annually through their businesses.
Top 20 youngest billionaires in Nigeria
Below is a detailed list of the top 20 billionaires and millionaires in Nigeria in 2023 with their net worth and brief biography facts about them.
1. Sijibomi Ogundele – $1.8 billion
Mr. Sijibomi Ogundele is one of the youngest billionaires in Nigeria. He is a businessman, entrepreneur, venture capitalist, and real estate mogul.
Mr. Sijibomi Ogundele, 37, who drew inspiration from Dr. Sujimoto Koga, a professor at a Japanese university builds high-tech houses.
He is said to have begun his business career back in the Agege area of Lagos.
Ogundele is one of the youngest billionaires in Nigeria right now. He is the CE0 of the Sujimoto Group of companies dealing in real estate, finance, and energy.
What is Mr. Sijibomi Ogundele’s net worth? Sijibomi Ogundele is currently the richest young man in Nigeria with a fortune worth billions. According to 360Report, Sijibomi Ogundele has a current net worth of $1.8 billion.
2. Igho Sanomi – $1 billion
Igho Sanomi was born in Agbor, Delta State on 17 May 1975 making his age 47 years old. He is the executive director of Cosmos oil AG and founder of Taleveras, a commodities trading company, which trades millions of tons of oil and refined petroleum products annually. Taleveras is also active in the Power sector and has investments in oil-producing assets in Nigeria, Cote D’Ivoire, and Equatorial Guinea.
The founder of Taleveras Group Igho Sanomi who is the son of the former Assistant Inspector General makes millions of naira from his energy, building, and power business enterprises. It is also noteworthy that his company has huge shares in two Nigerian oil blocs.
What is Igho Sanomi’s net worth? Igho Sanomi is the second youngest billionaire businessman and influencer from Nigeria with an estimated current net worth of $1 billion. Per a Forbes report in 2019, then-43-year-old Igho Sanomi’s business made $1.2 billion (annual revenues).
3. Obi Cubana – $500 million
Obinna Iyiegbu popularly known as Obi Cubana is a Nigerian Based businessman, entertainer, entrepreneur, philanthropist, and a show killer, he is the chairman and the owner of the popular Cubana group, Obi Cubana was born on 12th April 1975, and he is currently 45 Years Old as of this year 2020. Obinna Iyiegbu best known as OBI CUBANA is from Oba, a community in Demili-South Local Government Area in Anambra State, Nigeria.
Obi Cubana Net worth: Obi Cubana is currently one of the richest and most influential personalities, entertainers, show promoters, and entrepreneurs in Nigeria, his net worth is estimated to be $500 million. This is based on his income, properties, and asset.
Obi Cubana cars include Two Lexus LX, Mercedes Benz 4matic S450, Range Rover, Rolls Royce Phantom, and others.
4. Kenneth Bramor – $500 million
Chief Kenneth Bramor aka Ken Bramor is a billionaire oil and gas entrepreneur and philanthropist. He is based in Warri, Delta State, Nigeria.
Not from a wealthy family, Kenneth sought to build an empire out of nothing. But with determination and devotion to service, his breakthrough wasn’t far off.
Ken gained public attention in 2017 after his lavish marriage with Nigerian Billionaire interior designer, Ehi Ogbebor. As one of the top personnel at Saipem Contracting Limited and one of the richest dudes in the Niger Delta region.
Very little is known about Kenneth Bramor except for the very obvious fact that he is a multi-billionaire in Nigeria.
What is Kenneth Bramor’s net worth? Kenneth Bramor is a renowned Nigerian oil and gas business mogul with a current net worth of over $500 million.
5. Allen Onyema – $300 million
Allen Ifechukw Onyema is popularly known as the Founder and Chairman of Air Peace Airline, a private flight servicing agency, that he founded in 2013. According to him, he founded the airline to create more job opportunities for Nigerians. The airline remains one of the thriving commercial airlines in Nigeria touring both major cities in Nigeria as well as international countries including Ghana, United Arab Emirates, Senegal, Sierra Leone, China, USA, India, and the Gambia.
As at the time when he founded Air Peace, Allen Ifechukwu Onyema also established his own firm and an import trade outfit known as Continental Business Links Ltd.
Allen Ifechukwu Onyema was born on 28th March 1964, in Benin to the family of Michael and Helen Onyema Though he spent most of his years in Benin and the western part of Nigeria, Allen Onyema He hails from the Igbo-speaking part of the country; a town called Mbosi, in Ihiala Local Government Area of Anambra State.
He attended several primary and secondary schools including St. Anthony’s Secondary School, Azia, Urhobo College Effurun, and the prestigious Government College Ughell. Having obtained direct admission, to study law at the University of Ibadan in 1984, Allen Ifechhukwu promptly packed his bags for the West. Three years later, he joined the Nigerian Law School before being called to the bar a year later.
Allen Ifechukwu Onyema married early at 27 to the love of his life, an Igala woman from Kogi state, Alice Ojochide Onyema. In 1993, shortly after his mother’s death from kidney failure in1993. The union has produced four children; a girl and three boys.
What is Allen Onyema net worth? Allen Ifechukwu Onyema has an estimated net worth of $300 million. Allen Ifechukwu Onyema owns some of the most expensive cars in the world. He has been spotted with different fleets of cars like Rolls Royce, Mercedes-Benz G-Class, Landcruiser Prado, and 2019 Toyota Hilux and airplanes.
6. Jowi Zaza – $150 million
Joseph Eze Okafor, Jnr, popularly called Jowi Zaza is one of the youngest billionaires in Nigeria. He has so much wealth at the young age of 36 that most people consider him to be a Yahoo boy. He began his secondary school education at Sacred Heart Seminary Nsude in Enugu state, before proceeding to Madonna University Okija, and did his post-graduate studies at The Coventry University London, United Kingdom, and later attended Kelce College of Business.
We can say Jowi Zaza is the true son of his father, Chief Joseph Eze Okafor, who is a wealthy oil and gas business magnate. Jowi Zaza has also followed his father’s path by becoming the Chief Executive Officer of his father’s business, Jezco Oil and Lubricants.
What is JowiZaza’s net worth? The young billionaire, Jowi Zaza has a net worth of $150 million. Jowi Zaza’s cars include Lamborghini Aventador, Rolls Royce Cullinan, Bentley Continental GT, Brabus G Wagon, Mercedes Benz 4matic, Rolls Royce Phantom, and others.
7. Kennedy Okonkwo – $80 million
Kennedy Okonkwo is a Nigerian businessman, philanthropist, and real-estate entrepreneur. He is the founder and CEO of Nedcomoaks Limited.
Kennedy hails from Ojoto, Anambra State but was born and raised in Lagos, Nigeria. Kennedy was born on 12 October 1977. He attended the University of Ibadan, where he obtained a Bachelor of Science (BSc) in Psychology, and the Lagos State University, where he obtained his Master’s degree in Business Administration.
In 2018, Forbes Africa featured him in the real estate supplement of its November Cover edition with the tag – Dr. Kennedy Okonkwo, the innovative real estate entrepreneur. The Forbes Cover shows Dr. Ken’s reflection on the power of collaboration in the housing sector on the continent.
Dr. Kennedy Okonkwo is the Founder and CEO of Nedcomoaks Limited, a real estate company engaged in the acquisition, development, and management of properties in Nigeria. Nedcomoaks has quickly become a top player in Nigeria’s residential real estate sector which employs thousands of people and has annual revenues of over ₦15 billion in just under a decade.
According to Within Nigeria, Kennedy Okonkwo has a net worth of $80 million.
8. E-Money – $55 million
Emeka Okonkwo (E-Money) is the younger brother of Nigerian musician Kcee. E-money is an Entrepreneur, CEO of 5-star music, Investor, and philanthropist. He is into the oil and gas business, car dealing, and other business not listed here. E-Money’s estimated net worth is N10 billion. he is among the youngest billionaires in their early 30s
E-money is KCee’s brother. This guy’s got some cheddar and is not afraid to spend it. Emeka Okonkwo was born in Ajegunle, Lagos State on the 18th of February 1981. The young billionaire lives an extravagant life. This is no surprise because some quarters also call him Arab Money. He is the CEO of Five Star Group and Emy Cargo Limited.
He established Emy Cargo in 2007. This company is one of the best freight forwarding and shipping services companies in Africa. The company also sells both new and used American cars.
E-money’s net worth is $55 million. His car collections include a Mercedes Benz Sprinter, Lexus LX 570, a Rolls Royce, a Maybach 62s, and a Toyota Land Cruiser Prado.
9. Linda Ikeji – $45 million
Linda Ikeji is a famous Nigerian blogger, model, entrepreneur, and CEO of Linda Ikeji Media. Her company is into advertising, movie streaming, information marketing, and real estate.
She founded her blog in 2006 in a cyber cafe until she could afford a stable internet connection at home, and it has turned into a multi-billionaire business, with many companies paying to get their products advertised.
Currently, Linda Ikeji also has a number of investments in real estate in addition to her legendary Banana Island mansion which is located in Lagos. She purchased the house for ₦500 million in 2016. Today Linda Ikeji’s Banana Island mansion is estimated to be worth about ₦2 billion.
As of the time of this writing, Linda Ikeji’s current net worth is estimated at $45 million.
A lover of style and fashion, Linda Ikeji has various luxurious cars in her garage including; Bentley Mulsanne, Infinix FX35, Land Rover Autobiography, Range Rover, Toyota Camry, and others.
10. Jason Njoku – $40 million
Founder, Investor, Advisor, and CEO, Jason Chukwuma Njoku has built a great name for himself. He is the co-founder and CEO of iROKOtv, a video-on-demand service for Nigerian movies. Born 11 December 1980 and raised in Deptford, South East London, he had his secondary school education in Nigeria before studying at The University of Manchester, UK. iROKOtv has grown and birthed other businesses including the successful production house, ROK Studios.
Jason is also the Co-founder of SPARK, a $2 million investment vehicle for Lagos-based Internet start-ups called Spark. The company has invested in companies such as Drinks.ng ( a drinks distribution company), ToLet.com.ng (a real-estate and property online letting agency), Hotels.ng (a hotel room booking site), etc. SPARK approach to investment is not the archetypal approach used by Venture capitalists; they provide legal, marketing, technical and administrative assistance to their funded companies.
Jason has always tried his hands in many businesses, before his success with iROKOtv. Interestingly, iROKOtv is Njoku’s 11th attempt at starting a business, an idea he birthed whilst living at home with his mum, aged 30, after several failed enterprises. He is also currently the Executive Chairman of Blackbet and Betty Bingo
In July 2012, he was cited by Forbes Africa as one of the ‘Ten Young African Millionaires to Watch’.On 29 August 2013, Njoku was named the CNBC All Africa Business Awards Young Leader of the Year for West Africa. He has also been named one of Fast Company’s Top 1000 Most Creative People in Business.
He is currently married to Nollywood film star and producer Mary Remmy Njoku and is blessed with three kids.
Jason Njoku has an estimated current net worth of over $40 million.
His exotic list of cars includes Range Rover Evoque, Lexus LX 570, and Toyota Highlander.
11. Ladi Delano – $30 million
Ladi Delano is the Founder of Solidarnosc Asia, a Chinese alcoholic beverage company established in 2004. He is the co-founder and Chief Executive Officer of Bakrie Delano Africa valued at $1 billion dollars. The enterprise has dealings in the mining industry, agriculture, oil, and gas sector. Solidarnosc Asia is a Chinese alcoholic manufacturing company that created the premium vodka brand Solid XS.
Named by Forbes as one of the key business players on the Nigerian scene, Ladi Delano has a net worth of over $30 million.
12. Cubana Cheif Priest – $17 million
Born 2nd April 1981, in Umuhu Okabia, in Orsu Local Government Area of Imo state, Pascal Chibuike Okechukwu popularly called Cubana chief priest is the second son of his parents.
He was also raised in Umuhu Okabia, Imo state but later joined his father in Aba, Abia state where he learned how to make shoes. He never gave up on his Shoe business; according to him, he made his first 1 million naira from shoemaking during his school days at Federal Polytechnic Nekede, Owerri.
He has always dreamt of having a successful music career but he couldn’t achieve that. However, he was undeterred from becoming successful in the entertainment industry and so he began his career in the nightlife sector.
He worked many years at Cubana Hotel, Owerri as the General Manager of the Cubana Conglomerate; this was where he met Davido. According to him, Davido turned his life around.
On August 19, 2018, Davido visited Owerri with Chioma, his fiancée, to perform. A massive crowd thronged into the Cubana Grand Hotel in Owerri to watch Davido’s performance, thus increasing the popularity of Cubana. That was the game-changer for Chibuike and his career in the industry; since then, his career skyrocketed to new heights. He left Cubana Grand Hotel to found his Club – Club Xhrine in Owerri which has continued to grow.
The nightlife boss officially bagged a Doctor of Science in Event and Luxury Hospitality Management from European American university. Pascal Chibuike announced this feat via his Instagram page on Saturday, April 24, 2021.
The Club Xhrine boss has worked with several A-list music artists in Nigeria, such as Davido, Peruzzi, Burna Boy, and others. Cubana chief priest has worked with various artists and celebrities, including BBN 2019 winner Mercy Eke, who he sponsored at the recently concluded reality TV show.
He was able to achieve these figures as a result of his successful career as an entrepreneur and show promoter also bagging some notable endorsements with brands like bullet drink.
What is Cubana Chief Priest’s net worth? Cubana Chief Priest is a Nigerian businessman, whose net worth according to estimates is $17 million.
13. Mompha – $15 million
Ismaila Mustapha who is fondly known as Mompha is a Nigerian social media big boy who is known for his extravagant spending and lifestyle. Ismaila Mustapha shuttles between Nigeria and the UAE. He is often seen in the Emirates whenever he is not in Nigeria.
He owns Mompha Bureau De Change, Located at Bankole Street, Balogun in Lagos Island, he is also the Chief Executive Officer (CEO), of Mompha Bureau De Change, Lagos Island.
Born on the 16th of June, 1979 in Lagos. Ismailia Mustapha had his secondary school education at Government College, Ikorodu, No much knowledge of his other school activities is known. He is happily married and the union is blessed with two kids. Mompha relents not in showing his family to whoever cares to see it via his social media platforms (Instagram).
Mompha is currently one of the richest and most successful men in Nigeria, with an estimated net worth of about $15 million, but he claims his net worth is worth more than $50 million dollars.
He owns so many expensive cars from the world’s top luxury brands like Rolls-Royce, Bentley, Mclaren, Ferrari, Lamborghini, and many more. He even recently bought one of the super-exclusive 2020 Rolls-Royce Wraith Eagle VIII that is estimated to cost about ₦160 million, with just 50 units of the model ever produced.
14. Emmanuel Emenike – $12 million
Emenike is a former Super Eagle. This young billionaire led Nigeria to the 2013 African Cup of Nations with four goals. His exploits at the tournament also earned him the Golden Boot Award. The Otuocha native was born on 10 May 1987. He began his youth career with Delta Force before going on to play for Spartak Moscow, Fenerbahce, West Ham United, and other European Clubs.
Emenike is one of Nigeria’s richest footballers with a net worth of $12 million.
His exotic fleet includes a G-Wagon. His G-Wagon is reportedly custom-made, estimated at a whopping ₦45 million, and a Range Rover Sport.
15. Man Like Chico – $6.2 million
Chibuzor Madubuko, popularly known as Man Like Chico, is a rich Nigerian billionaire who has been making headlines since his luxurious lifestyle came into the limelight. Just last week, he doled out a whopping 100 million NGN to give his mum a 2021 Mercedes Benz G-Wagon.
Chibuzo Madubuko is from a wealthy family. He is the son of billionaire businessman Chief Chinedu Benson Madubuko. His father is the founder and CEO of De Chico Group. He hails from Adazi- Ani, Anaocha Local Government Area of Anambra state. He was born on June 3rd to the family of Chief Chinedu Benson Madubuko and Mrs. Chinelo Madubuko. His year of birth is yet to be disclosed.
Chibuzor Madubuko is known for his entrepreneurial astuteness. He is a successful businessman. Man Like Chico is the Director of De Chico Group, a conglomerate that manufactures and distributes roofing, insulation, sheathing, and related materials. He is also the CEO of Royal Diamond Investment.
Chibuzo Madubuko is an accomplished businessman. He has luxurious cars, houses, and thriving businesses to his name. His current net worth is estimated at $6.2 million.
Chibuzo Madubuko is definitely a man with expensive taste in cars. For someone with a net worth like his, he has all it takes to satisfy his cravings for any car model.
Man Like Chico cars garage includes listed vehicles Rolls Royce Phantom, Lamborghini Urus, Bentley, Mercedes G-Wagon, BMW, Toyota Hilux, Range Rover Sports, and others.
16. Ehi Ogbebor – $6 million
Ehigozie ‘Ehi’ Ogbebor (born 15 June 1985) is a top Nigerian businesswoman and socialite based in Lagos State.
The gorgeous lady is the Founder and CEO of the multi-million company, Sayaveth Interiors, and Hotels.
Her brand has been adjudged by some to be the biggest Interior décor firm in the whole of Southern Nigeria.
Ehi Ogbebor was born to the family of Mr. and Mrs. Ogbegbor in 1985. She is an Igbo lady who hails from Imo State.
But she was born and bred in Benin City. Her parents had moved to Benin, Edo State to set up a family business before her birth. Her name Ehigozie means God’s, Chosen King.
In 1991, Ehi Ogbebor had the opportunity of visiting the Oba Of Benin’s palace for an annual cultural dance festival (Igue Festival). At the palace, Oba Erediauwa, and his chiefs had walked to her, and the king touched her head and prophesied that it was meant for a crown.
Ehi Ogbebor obtained her First School leaving Certificate and West African School Certificate from good schools in Benin City.
She graduated with a bachelor’s degree in Microbiology from Ambrose Alli University, Ekpoma, Edo State.
Ehi Ogbebor is currently one of the richest and most influential entrepreneurs in Nigeria, With An estimated net worth of $6 million dollars, she manages a host of interior-related businesses apart from Sayaveth Interiors & Hotels which she’s widely known for. she has so far extended her services outside Nigeria.
17. Mark Anthony Essien – $5 million
Mark Essien is a young man in his early thirties, and he is the CEO of hotels.ng. Hotels.ng is the first online hotel booking website in Nigeria. He is also a start-up investor and a software engineer. In 2015, Mark Essien was featured in the Forbes list of the top 30 youngest entrepreneurs in Africa. Mark Essien was born in Ikot Epene in Akwa Ibom state, Nigeria.
Mark Essien has an estimated current net worth of over $5 million as of 2023.
Mark Essien is modest in his rides and does not like to be showy. His cars include; the Mercedes Benz E-class, Toyota Highlander, and others.
18. Obi Franklin – $4 million
Ubi Franklin is the CEO of the music label- Made Men Music Group (Triple MG). He is also a talent manager, having worked with top musical artists such as Selebobo, Iyanya, Tekno, etc. He used to be an assistant to ace comedian Julius Agwu, as well as Ayo Makun before going on to start his own business.
The 35-year-old entrepreneur is also the Special Adviser of Tourism to the Governor of Cross Rivers State, Sir Ban Ayade; a post he had held since 2020. He has other chains of businesses such as Instant pickup (a laundry service), Instant Apartment (an online real estate company), and Instant Ryde (an online taxi service in Calabar & Uyo), amongst many other businesses.
The father of four (2 boys and 2 girls) who he had with four different women is reportedly unmarried; he is a divorcee after his marriage with actress Lillian Esoro crashed in 2006 but officially divorced in January 2021. Ubi Franklin is currently worth $4 million.
19. Hon. Friday Ossai Osanebi – $2.4 million
Hon. Friday Osanebi is also referred to as Otunba by his friends. He is a graduate of Material and Metallurgical Engineering from the University of Enugu. He is called Mr. Empowerment by youths in Delta State and has been touted as a very generous man.
The 41-year-old who was the former deputy speaker of the Delta State House of Assembly is currently the youngest legislator in the Delta State House of Assembly. He is also a businessman and investor; he is the owner of Westline Hotels, a state-of-the-art hotel situated in Lekki, Lagos State. Hon Osanebi is married to his wife and they have 3 children.
Friday Ossai Osanebi, 42, is a member of the Delta State House of Assembly the Lawmaker representing Ndokwa East Local Government Constituency in the State House of Assembly. He has a current net worth of $2.4 million.
20. Kcee – $2 million
Kingsley Chinweike popularly known as KCee is a Nigerian musician. He hails from Amaputu, Ihiala Local Government Area in Anambra State. His birthplace, however, is Ajegunle in Lagos State.
He used to be part of the now-defunct singing group known as KC Presh. The group was known for their hit song Sengemenge in the mid-2000s. As a solo artist, Kcee has serenaded Nigerian music lovers with hit songs. Limpopo and Pullover (featuring Wizkid) are some of his best works. He is the elder brother to one of the richest Igbo boys in Nigeria- E-money.
Kcee’s estimated net worth is $2 million and he has a Gold-Plated Cadillac Escalade, Mercedes Benz G-Wagon, Range Rover Sport, and a Toyota Land Cruiser.
Summary of the youngest millionaires in Nigeria
Below is the full list of the top 20 youngest billionaires and millionaires in Nigeria in 2023, with their net worths in dollars.
|Rank||Names||Net Worth In USD|
|1||Sijibomi Ogundele||$1.8 billion|
|2||Igho Sanomi||$1 billion|
|3||Obi Cubana||$500 million|
|4||Kenneth Bramor||$500 million|
|5||Allen Onyema||$300 million|
|6||Jowi Zaza||$150 million|
|7||Kennedy Okonkwo||$80 million|
|9||Linda Ikeji||$45 million|
|10||Jason Njoku||$40 million|
|11||Ladi Delano||$30 million|
|12||Cubana Cheif Priest||$17 million|
|14||Emmanuel Emenike||$12 million|
|15||Man Like Chico||$6.2 million|
|16||Ehi Ogbebor||$6 million|
|17||Mark Anthony Essien||$5 million|
|18||Obi Franklin||$4 million|
|19||Hon. Friday Ossai Osanebi||$2.4 million|