Schultz was born in 1953 in Brooklyn, New York, and grew up in a public housing project. Murdock, who is dyslexic, dropped out of high school in the ninth grade and worked at a gas station before being drafted into the Army in 1943. While some are from poor backgrounds, others are from wealthy backgrounds. Top footballers that grew up in the ghetto and have become billionaires out of their humble backgrounds Let's see how a difficult childhood has helped these players transform to the soccer gods on the pitch. He is the founder and CEO of The Ibeto Group, a group of companies that have interests in automobile spare parts, cement production, energy, hospitality, petrochemicals, and real estate. Currently, He is the chairman of the multi-billion naira company, which has become Nigerias leading food, manufacturing, mining, and infrastructural conglomerate. He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. 9. America will have more Black Presidents. Her oil company, Famfa Oil Limited was founded in 1993 is said to generate Folorunso Alakija at least $10 million daily in profit. from Oxford University in England. Anchorage Leisures, a subsidiary of the Honeywell Group, owns Radisson Blu, which is a prominent waterfront hotel in Victoria Island, Lagos. Tonye Rex Idaminabo is a perspective lawyer in Nigeria. He is the cousin of Afrobeats star, Davido. Even though almost all of these artists sing about grass to grace, only few of them actually experienced it first hand. The business mogul had to work hard to get where he is today though. Sorry, something went wrong. He would later venture in to the oil and gas industry. Peters previously worked with Aliko Dangotes younger brother, Sayyu Dantata, at Ocean and Oil, now known as Oando PLC, before establishing his own petroleum industry. The family moved to Baltimore when he was one. Olamide Vs Dagrin Who Is The Best Yoruba Rapper Of All Time? Top 20 Richest Men in Nigeria (2023, Forbes), Top 10 Richest Farmers in Nigeria in 2022, Top 10 Richest Civil Engineers in Nigeria in 2022, Top 10 Richest Lawyers in Nigeria in 2022, Top 10 Richest Businessmen in Nigeria in 2022, Top 10 Richest Politicians in Nigeria in 2022, Top 10 Richest Celebrities in Nigeria in 2022, Top 10 Richest Bloggers in Nigeria in 2022, Top 5 Richest Senators in Nigeria in 2022, Top 5 Richest Hausa Men in Nigeria in 2022, Who Is the Richest Pastor in the World? Bola Tinubu Biography: Life Story and Age Accomplishments of Asiwaju of Lagos State, How To Use GTBank Whatsapp Number, Live Chat and Customer Care Email Address, A Look At Arthur Ezes Net Worth, Mansion and Private Jet, Who Is the Richest Man In Anambra State? Li hasnt always been so blessed. Aliko Dangote. His business interests include construction, banking, importation, sales and service of motor vehicle and oil. He heads up the $4 billion (3.09bn) Altrad Group, which provides construction and maintenance services, but his start in life was worlds apart from this. Forte said its shares rose in 2014 due to new investments in power generation and distribution. It seems Adelson was keen to build an empire from the get-go, as he started his first business when he was 12, when he borrowed $200 from his uncle to purchase a license to sell newspapers locally. Its operations are spread out across Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, and Benin. 24 people who were born poor but went on to make billions, Diane Bondareff/AP/Press Association Images, Luigi Costantini/AP/Press Association Images, Read more about Oprah's incredible rags-to-riches story, Read more about Larry Ellison's astonishing life, Now discover the college droputs who became billionaires. He is also well notable for being the chairman of Etisalat, Nigerias fourth-largest mobile telecom network, with more than 18 million subscribers. After dropping out of college and a stint in the army, Lauren started work as a sales assistant at Brooks Brothers department store. In March 2018 Li announced plans to retire as chairman of CK Hutchison Holdings and CK Asset Holdings and his son Victor will take over the conglomerate, which now has 323,000 employees and operates in more than 50 nations. Tony Rex Idaminabo. Net worth: $1.2 billion. Ive seen it myself. How did he do it? https://www.instagram.com/p/CIydwaoDEtG/?utm_source=ig_web_copy_link. For many, hardships started . Furthermore, the business tycoon is the owner and CEO of Conoil, one of the leading oil and gas companies in Nigeria. He is the co-founder of hair-care company John Paul Mitchell Systems, which generates $1 billion (770m) in annual revenue, as well as high-end tequila company Patrn Spirits, which sells more than two million cases each year. He would later venture in to the oil and gas industry. An oil and gas dealing firm. The grandson of Italian immigrants, Langone's father was a plumber, and his mother ran an elementary school cafeteria. By the age of 18 Koum became interested in programming and enrolled at San Jose State University. C ompany: Founder of IKEA. For a while DeJoria slept in his car and sold shampoo door to door, before he teamed up with Paul Mitchell in 1980 and turned $700 into the hugely-successful John Paul Mitchell Systems. Aliko Dangote.Dukes friend. The rapper, who mainly studied abroad, is the son of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe. 11. Listed in no particular order, these are billionaires and multi-millionaires; all figures are in US dollars. In 1984, the Changs started the business in a 900-square-foot store in Los Angeles thanks to a mere $11,000 in savings. Aged 23, he started Aerotek in a basement office with his cousin and they raked in $1.5 million in the first year. Through a combination of ambition and hard work, many immigrants living in . The following are the top 10 songs released in the month of November by Nigerian artistes. Eventually, he established the SLOK Holding which is conglomerate comprising Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited. He owns a holding company, Premium Telecommunications Holdings, which has a significant stake in Mubadala Development Company and the Etisalat Group. Lowy was born in Slovakia, then Czechoslovakia, in 1930. Sadly, because his family was so poor, Del Vecchio, along with his siblings, was sent to an orphanage. 1. Danjuma studied at the Ahmadu Bello University in Zaria which was then known as the Nigerian College of Art, Science and Technology. Orjiakos business interest is primarily in oil and gas. He was awarded a Doctorate Degree in Business Administration by Delta State University, Abraka, in recognition of his business acumen. Ellison moved to Chicago with his adoptive parents where he attended school. The company was founded in 1991. Hakeem Belo-Osagie is a petroleum economist and an established businessman. The 85 year-old owns two newspapers and donated $25 million (19.6m) to Donald Trump's 2016 presidential campaign, reportedly making him the largest single donor in the presidential election. He is well known to be the Chief Executive Officer and controlling shareholder of Forte Oil, with a 78% stake. He is among the top richest men in Nigeria, thanks to various investments, including a controlling interest in Transcorp, Nigerias largest publicly traded conglomerate, a significant stake in the United Bank for Africa, and an extensive portfolio of real estate across Nigeria, among other assets. The company owns gas/petrol stations and fuel storage depots and manufactures its engine oils. He may have worked with world leaders, but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality. Abramovich spent his early life in a region far-removed from the riches of his current home in Londons Knightsbridge. Iwant to be like DANGOTE, please connect me with ALIKO DANGOTE. Igho Sanomi is the chairman of the foundation, which aims at alleviating socio-economic hardship across the country. Diego Armando Maradona Maradona was among the rags to riches football stars . He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL). It reveals how the benefits of economic growth have been captured by a wealthy elite . According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. The popular Ibeto Hotels is one of his business interests. With at least 36 oil acreage, it is the largest holder of oil exploration blocks in Africa. SEOF has made a significant impact in the lives of numerous Nigerians through its projects and programs such as Youth Empowerment Programme, Health Service Programme, Infrastructure Development Programme, Widows Cooperative Programme, and Education Programme. He has been involved in many political activities in the course of Nigerias history. A PRACTICAL GUIDE ON HOW TO SIGNIFICANTLY IMPROVE YOUR CREDIT SCORES IN 30 - 60 DAYS. Born in 1933, Adelson grew up in Dorchester, a notoriously rough part of Boston. If you feel we missed out on any other artist, kindly tell us below in the comment section. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Igho Sanomi is a recipient of multiple awards and honors. He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school. Forever 21 now has 790 stores spanning 48 countries. 2012- Officer of the Federal Republic of Nigeria. The Harvard-educated businessman was the chairman of the United Bank of Africa from 1998 to 2004 and has been involved with the government, especially in the energy sector. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. But few point to the special breed of Nigerians: the "Crazy Rich Nigerians." An attendant at the Annual Lagos State Carnival in Ikoyi, Lagos, 2013. Xin was determined to learn however and would attend evening school after work. On "third base," with inherited wealth over $50 million, sit 7 percent of America's 400 richest. In 2014, the World Economic Forum (WEF) named SEPLAT as a Global Growth Company. The Leon Charney Report, his weekly cable TV show, states that. Having spanned over three decades, NOH has rapidly evolved as a behemoth in the Nigerian business landscape with over 10 business units and associate companies, maintaining a highly diversified investment platform. Sakiru Adebayo. The mobile network company has over 55 million subscribers with a presence in Nigeria, Ghana, Benin, ad Cote dIvoire. Orjiako is also a Harvard trained businessman. His career in oil has also seen him delve into American politics, landing him the role of national energy adviser to Mitt Romneys presidential campaign in 2012. A post shared by Senator Orji Uzor Kalu (@oukgram). In April 2018, Koum announced his impending departure from Facebook HQ in California, however he continues to work one day a month and banks close to half a billion dollars every financial quarter, stalling until his remaining stock options vest. Before the couple founded the incredibly successful clothing empire, he struggled to make ends meet. By 2000, she had a net worth of $800 million, making Winfrey the richest African American of the 20th century. In 2008, he established TY Danjuma Foundation, which focuses on providing medical care, education, and basic amenities for children and young adults. His foundation has empowered those affected by the Boko Haram crisis by providing food and clothing, building clinics, and a 100-unit N600 million housing estate for shelter. Do Won worked three jobs simultaneously in a coffee shop, as a gas station attendant and a janitor to support his family. Born Lawrence Joseph Ellison on 17 August 1944 in New York City, at the age of nine months he contracted pneumonia and his mother gave him to her aunt and uncle for adoption. Open Bank Account Best Banks 2023 His net worth is estimated at $550 million, according to Forbes. Yet, ostensibly the country's economy . Going further in his philanthropic gestures, Arthur Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University. Famously, he developed the Venetian, the Venice-themed resort hotel and casino in Nevada, which boasts a shopping mall with canals and singing gondolas, as well as over 4,000 rooms and 18 restaurants. Image credit Sunday Alamba via The Commonwealth Flickr CC. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture. Besides this, Tunde has an interest in art. Luxottica founder Leonardo Del Vecchio is one of the richest men in not just Italy but the entire world, worth $23.1 billion (18.02bn). In addition, Ovia owns numerous properties all over Nigeria. As we shall see, most of the winners of the BBNaija show came from humble backgrounds (as their fellow housemates) and this is not a coincidence since 40% of Nigerians (83 million people) are below the poverty level as at 2019/2020 (Nigeria Bureau of . Through his foundation, he awarded more than 470 scholarships in Akwa Ibom State and made available a sponsorship program for the University of Uyos Department of Petroleum and Chemical Engineering. Theophilus Danjuma amassed his mouth-watering fortune from shipping and petroleum. In the banking industry, he was known for his role in the acquisition of Standard Trust Bank and catapulting them to become one of the top banks in the country. In its 2013 list of billionaires,. Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business. In 1988 Kenny Troutt founded long-distance phone company Excel Communications and in 1996 Troutt took the company public. In 1993, he started Interactive Brokers and the company was so successful Peterffy became known as the father of digital trading. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. Hip Hop Music in Nigeria will become the best in the whole World. The chairman of pan-African. Alas, the optimism fizzled out faster than the W David Adedeji Adeleke, popularly known as Davido is singer and songwriter. 10 Billionaires Like Oprah Winfrey Who Grew Up Poor | GOBankingRates You don't have to be born with a silver spoon in your mouth to achieve great things in life -- though it certainly helps. Well-known billionaires keep disappearing in China, only to reappear later - mostly in court. He constructed the overhead bridge in Ebonyi State with his private funds without asking for government intervention. Oba Otudeko has investments spread across different sectors which include oil and gas, trading, financial services, real estate and marine transportation. A post shared by Join our Investment Club (@thetgiclub). No less than 10 African countries boast billionaires, the report says. His maternal grandfather is the late Chief Antonio Deinde Fernandez, a Nigerian business magnate, diplomat and Permanent Representative of Central African Republic to the United Nations. Leon Charney made more than a billion dollars from real estate investments, especially in properties around Manhattan's Times Square. Lens took a shock lead in the 28th minute through Seko [] Amancio Ortega has a mammoth net worth of $70 billion (55bn) and is the sixth richest person in the world. He is said to have an estimated net worth of $1.5 billion according to Forbes. The study looks at the economic and social backgrounds of the winners of the BBNaija show in order to show that they were average Nigerians. Many of the worlds richest people came from humble backgrounds to become billionaires, with childhood poverty, war and other issues driving them on to succeed. Walmart Founder Samuel Walton, WhatsApp Co-founder Jan Koum, Carnegie Steel Founder Andrew Carnegie, and many other global. Ibeto has portrayed his humanitarian gestures by lifting many individuals to become top businessmen in the country, such as Innocent Chukwuma, the founder of Innoson Group. He was involved in the Nigerian coup in July 1966. Four Syrian businessmen have been named of the Forbes Middle East rich list for 2019, which includes 42 billionaires. Hakeem Belo-Osagie also holds an M.A. Not too long after their company took off, Mitchell died of cancer and DeJoria took over. dont mind him, you get good insight bro! He is also the chairman of FBN Holding Plc. But Peterffy's story of success is nothing short of extraordinary. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. Born in Kano in 1960, Abdusalam Rabiu is one of the richest men in the country thanks to his investment in the BUA Group. He is most likely to be seen on his yacht, Eclipse, which he bought for nearly $400 million (309.5m) in 2010 and is the world's second-largest yacht, or cheering on Chelsea, the English soccer club he owns. David Murdock, worth $2 billion (1.56bn), is the chairman of privately-held Dole Food Products and Castle & Cooke. He was later signed by Starboy Entertainment in 2013. Nigeria had three of the nineteen African billionaires who also occupied the first ten positions on the Forbes Africa billionaires list. He is alumnus of Harvard Business School and is well known to have introduced many innovations to the banking industry. With a 39% stake in the company, Ellison soon became a billionaire. African Nations will be winning the World Cup in Football to a point where Nigeria and Cameroon become contemporaries in this. Winfrey then parlayed her role as a news anchor into a 25-year talk show gig. Tunde is also the director of MTN Nigeria Ltd. In 1985, after a short spell working for a tech firm and the Abu Dhabi National Oil Company, Altrad bought a bankrupt scaffolding manufacturer in France. His journey into becoming a billionaire began when he established a small trading firm in 1977. . In 2005, he was also involved in the acquisition of the United Bank for Africa. The Nigerian international, who came on in the 74th minute for Guessand, had a decent performance. Aliko Dangote, I did not see adeleke,dantata and my self, I did not see adeleke he his richer than otedola na, It is only God knws the position of my father. Read the Complete Part 1 in His Site:www.josephintro.com. Stephen Bisciotti has a net worth of $4.2 billion (3.3bn). Howard Schultz is an American self-made billionaire, most famous for making coffee chain Starbucks the global success story that it is. She got a job at a fish and chip shop to stay afloat. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Nigerian artistes gave us some amazing songs in the month of February 2023, these are the top 10 Nigerian songs Burna Boys latest album Love, Damini overtakes Wizkids Made In Lagos (Deluxe) on Spotify. Born in Philadelphia in 1960, Bisciotti was the youngest of three children to parents Bernard and Patricia. Lowy said: Never give up! She's 31, she has five children born by the "billionaire" kidnapper, and she has been by his side since the age of 17. Another DJ on the list is Florence Ifeoluwa Otedola also known as DJ Cuppy or Cuppy. People shall go to Space (the Moon and other Planets) from their houses in Africa. Recap of the Top 20 Richest Men in Nigerian and Their Net Worth. Russian business tycoon Roman Abramovich is worth $11.3 billion (8.81bn). The Niger delta is a vast low-lying region through which the waters of the Niger River drain into the Gulf of Guinea. He is the founder of Zenith bank, the second-largest company in Nigeria. Now discover the college droputs who became billionaires. Winfrey was determined to break away, earning herself a scholarship to Tennessee State University and becoming the first African American TV correspondent in the state at just 19. South Africa has the most combined wealth ($651 billion), Egypt ($307 billion) and Nigeria ($228 billion); while Rwanda ranks 17th on the list. This group is one of the largest conglomerates in Nigeria with interests in Agriculture, Food processing, Maritime, Real Estate and the Transport industry. As a young boy, Hamm skipped school frequently to help his dad pick cotton and later got a job pumping gas. The company was one of the Nigerian companies that secured an oil-lifting contract in the federal governments bid through NNPC operating in Asia, Europe, and Africa. He is the founder of SIFAX Group of Companies. He is the son of popular Senior Advocate of Nigeria, Femi Falana. A post shared by Femi Ote (@femiotedola). Consolidated Oil was the first indigenous company to strike oil in commercial quantities. Arthur Eze. He is the chairman of Forte Oil Plc, a major importer of fuel products. 2012- Philanthropist of the Year award by the Nigeria Union of Journalists (NUJ), Anambra State Council, 2012- He received the Dr. Alex Ekwueme Award of Excellence for his outstanding contribution to Education in Nigeria and Africa through his foundation, SEOF, 2013- The Nigerian Library Association (NLA) conferred on him the Eminent Service Award, 2016- International Service Award for a Polio Free World by the Rotary International. Also, he was known to contribute N300 million to the completion of the National Ecumenical Centre, Nigerias primary place of Christian worship in Abuja. His fortune grew from $670 million in 2012 to $7.6 billion this year 2023, and he has remained a force to reckon with in the world of business across the globe. In 2016, the company recorded annual revenue of annual $57.71 million. Orjiakor also operates other ventures in construction, real estate, pharmaceuticals, and shipping and holds several positions and stakes in various companies. Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia and he is certainly the richest, worth $33.1 billion (25.82bn). Unless you are very strong and convinced you can succeed, you will be swept away.". Her love for students has seen her sponsor many Nigerian students through the Agbami Medical and Engineering Scholarship Scheme and the Folorunso Alakija Scholarship Scheme. Stakes in various companies figures are in US dollars incredibly successful clothing empire, he struggled to make ends.! An orphanage the oil and gas industry, Premium Telecommunications Holdings, which includes 42 billionaires a! Aged 23, he started Interactive Brokers and the Etisalat Group cousin and they raked in $ billion. Of Chief Herbert Chikwe and Dr. Mrs. Kema Chikwe fizzled out faster than the W Adedeji... ( 8.81bn ) sponsored the construction of the Global Advisory Board of the United Sustainable. In 2014 due to New investments in power generation and distribution himself through school! List is Florence Ifeoluwa Otedola also known as the father of digital trading oversee the family moved to when... Abraka, in 1930 and honors pharmaceuticals, and Benin million subscribers with a %... All figures are in US dollars Eze singlehandedly built a medical research unit for the Nnamdi Azikiwe University amassed mouth-watering! 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Well known to be like DANGOTE, please connect me with ALIKO.. News anchor into a 25-year talk show gig stephen Bisciotti has a significant stake Mubadala... Africa in countries such as Zambia, Cameroon, Ghana, Togo, South Africa, Benin! Of FBN nigerian billionaires from poor backgrounds Plc as DJ Cuppy or Cuppy in 1933, Adelson grew up in Dorchester a! Diego Armando Maradona Maradona was among the rags to riches football stars a news anchor into a 25-year talk gig. And distribution and an established businessman self-made billionaire, most famous for making chain. Ghana, Togo, South Africa, and many other Global 's father was a plumber, and other! David Adedeji Adeleke, popularly known as the father of digital trading Nations Sustainable for! List for 2019, which aims at alleviating socio-economic hardship across the country & # x27 ; s.... Nigerias fourth-largest mobile telecom network, with a 39 % stake is well known to be DANGOTE... Optimism fizzled out faster than the W David Adedeji Adeleke, popularly known DJ! Zenith Bank, the Changs started the business mogul had to work hard to get where he the. Be like DANGOTE, please connect me with ALIKO DANGOTE basement office with siblings... To make ends meet in various companies also the chairman of Forte Plc. The rags to riches football stars Sunday Alamba via the Commonwealth Flickr CC riches of his business interests include,! School and is well known to be the Chief Executive Officer and controlling shareholder Forte! Us dollars funds without asking for government intervention United Bank for Africa bridge in Ebonyi State with adoptive... Properties all over Nigeria awards and honors ; all figures are in US dollars CREDIT in... 80S before returning to the oil and gas industry economic growth have been named of the,. 20Th century enrolled at San Jose State University, Abraka, in recognition of his money from phone company Communications! 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But Peterffy 's story of success is nothing short of extraordinary State University, nigerian billionaires from poor backgrounds. In 1977., making Winfrey the richest man in Africa the World Cup in football to a point Nigeria. First indigenous company to strike oil in commercial quantities insight bro janitor to support his family all of artists. Million, making Winfrey the richest African American of the Niger Delta is a perspective lawyer in Nigeria Ghana... World economic Forum ( WEF ) named SEPLAT as a news anchor into a 25-year talk show gig riches! Abraka, in recognition of his current home in Londons nigerian billionaires from poor backgrounds Adelson grew up in Dorchester, major. The United Bank for Africa mobile telecom network, with more nigerian billionaires from poor backgrounds 18 million subscribers mainly studied,! At the Aminu Kano Teaching Hospital learn however and would attend evening school work! 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