Top 10 Richest Families In Nigeria (2023)

This article is about the top 10 richest families in Nigeria currently in this year 2023. Nigeria, dubbed the “Giant of Africa” has a thriving economy that has given rise to many wealthy people and families. These families have contributed significantly to the nation’s economic landscape and expansion over the years. We shall examine the top ten wealthiest families in Nigeria today as we proceed in this blog post, touching on their business empires, and sources of vast fortune. Without further ado, let us proceed.

Top 10 Richest Families In Nigeria


The following are the top 10 richest and wealthiest families in Nigeria this 2023 in no particular order:


The Adeleke family is a well-known and affluent family in Nigeria. They are renowned for their business connections, philanthropy and influence in politics, particularly in Osun State, south-western geopolitical zone of Nigeria. The late Senator Isiaka Adeleke was the family patriarch. He was a former Osun State governor and politician. He established a number of successful companies, including a network of supermarkets, a sales and servicing business for cars, and a construction firm. He was also a major All Progressives Congress (APC) political party member and the owner of numerous vast farms.

Adedeji Adeleke, one of Senator Adeleke’s sons, founded Pacific Holdings Limited and is a successful businessman as well. The business is involved in a number of industries, including finance, energy, real estate, and hospitality. Popular Nigerian artist Davido is the son of Adedeji Adeleke. Adedeji Adeleke also has interests in the education sector. He is the founder of Adeleke University, a private institution of higher learning in Ede, Osun State. Additionally, the Adeleke family includes Ademola Adeleke, the current Governor of Osun State, B-Red, another well-known Nigerian artist, to mention but a few.


Another famous family on the list of the wealthiest families in Nigeria is the Adenuga family. The family’s patriarch, Mike Adenuga, is one of the richest people in Africa, and his business, Globacom, is one of the biggest telecoms companies in Nigeria. The Adenuga family has business ventures in banking, real estate, and oil and gas (Conoil) in addition to telecommunications. Additionally a philanthropist, Mike Adenuga has given millions of dollars through his foundation, the Mike Adenuga Foundation, to numerous causes in Nigeria.


The Briggs family is one of the richest in Nigeria today, with investments totaling millions of Naira. Chief Olu Benson Lulu-Briggs, the family’s patriarch, founded Moni Pulo Limited (MPL), a privately held indigenous oil and gas business with headquarters in Port Harcourt. The OML 114 is operated by MPL, which conducts business in accordance with global standards and specifications. One of the wealthiest businesswomen in Nigeria and the CEO of Rachael Hotels Limited is Mrs. Seinye Lulu-Briggs, the wife of Chief Lulu-Briggs. Lawyer and former Executive Director and COO of MPL Chief Dumo Lulu Briggs is another well-known member of the Briggs family.


Alhassan Dantata, a trader who conducted business in kola nuts, crushed nuts, and other ventures, is credited with founding the Dantata Family, one of the wealthiest families in Nigeria at currently. When he was alive, Alhassan Dantata was one of the richest people in West Africa. Members of his family include Aliko Dangote, his great-grandson and the richest black billionaire in the world according to Forbes, Ahmadu Dantata, his son and a politician, Alhaji Mudi Dantata, his son and a successful businessman, Alhaji Abdulkadir Dantata, his grandson, Aminu Dantata, his son and a politician, Mamuda Dantata, the founder of the West African Pilgrims Association and a currency trader, and Sanusi Dantata, his son.

Aliko Dangote, the patriarch of one of the most well-known families in Nigeria, is the richest man in Nigeria and is also at the top of the list of the continent’s wealthiest individuals currently. The Dangote Group, a part of Aliko Dangote’s commercial empire, has holdings in the commodities flour, sugar, salt, and cement. Aliko Dangote is a philanthropist who has donated millions of dollars to numerous causes in Nigeria in addition to his commercial endeavours. Health, education, and economic empowerment are the main goals of the Dangote Foundation, which is led by Halima Dangote, Aliko’s daughter.


Another well-known family with vast wealth in Nigeria is the Elumelu family, whose patriarch Tony Elumelu, a billionaire businessman and philanthropist. Heirs Holdings, an investment firm with ties to the banking, energy, and agricultural industries, was founded by Tony Elumelu. In addition to his commercial endeavours, Tony Elumelu is a philanthropist who encourages African entrepreneurship and economic growth through his Tony Elumelu Foundation. His wife, Awele Elumelu, also supports many causes in Nigeria as a philanthropist.


The Ibru Organization, one of Nigeria’s biggest corporations, is owned by the Ibru family, one of the most affluent families in the country. Michael Ibru established this company in 1956. It has interests in a number of industries, including banking, shipping, aviation, oil and gas, and agriculture. Olorogun Oskar Ibru, Felix Ibru, Alex Ibru, Oboden Ibru, and Cecilia Ibru are all members of the Ibru family. The current chairman of Rutam Motors is Alex Ibru, a former minister of internal affairs from 1993 to 1995. Cecilia was the previous Chief Executive Officer and Managing Director of Oceanic Bank which is now part of Ecobank, and Felix Ibru was a former governor of Delta State.


Chief Gabriel Igbinedion is the patriarch of the Igbinedion Family and the father of former Edo State Governor, Lucky Igbinedion. He is believed to have millions of dollars in assets. The late Oba Akenzua II bestowed upon him the chieftaincy title of Esama of Benin. Gabriel Igbinedion owns a number of businesses, including an oil refinery, a private university (Igbinedion University), a private broadcast station, a private bank, mines, and hotel chains around the country.


Prince Molade Okoya-Thomas was the chairman of CFAO Nigeria Limited and the driving force behind the Okoya-Thomas family’s fortune. Despite his death, he has been succeeded by his children, who have continued to increase the family’s riches. Princess Olajumoke Abidemi Okoya-Thomas, a notable member of the family, represents Lagos Island I Federal Constituency in Nigeria’s Federal House of Representatives.


Another affluent family in Nigeria is the Otedola family, whose prominent member is Femi Otedola, a billionaire businessman and entrepreneur, and the son of the late Michael Otedola, a former governor of Lagos State. One of the biggest oil marketing and trading companies in Nigeria, Zenon Petroleum and Gas Limited, was founded by Femi Otedola. Femi Otedola is a philanthropist who has donated millions of dollars to numerous causes in Nigeria in addition to his commercial endeavours. He has three daughters who are likewise accomplished. Florence Otedola (DJ Cuppy), a successful disc jockey (DJ) and businesswoman, is his daughter, as well as Temi Otedola, a well-known actress and fashion enthusiast who is currently engaged to Afrobeat musician Mr. Eazi. His first daughter, Tolani, is a successful singer.


This family stays away from the spotlight, but they have assets and investments spread all over the country. The family’s patriarch, Henry Oloyede Fajemirokun, was a prominent industrialist and businessman in the the country. The accomplishments of the Fajemirokun family are well known. Henry Oloyede Fajemirokun oversaw the talks that resulted in the creation of a merchant bank. Additionally, he established Henry Stephen, the first indigenous private oil company in Nigeria’s oil sector.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and the Editor-in-Chief at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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