

His three major companies today are Globacom, Equitorial Trust Bank, and Conoil. He established Globacom (Glo) in 2003, and his company quickly became a communications giant challenging the bigger names in the Nigerian telecommunications industry, and spreading into other African countries. Consolidated Oil brought him immense fortunes, and gave him a platform for harnessing other avenues of wealth creation. He then incorporated an oil exploration company, and struck oil in one of the oil fields of southern Nigeria. Mike Adenuga became a millionaire in his 20’s he sold fabrics and soft drinks in large quantities.
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He attended Ibadan Grammar School, and worked as a taxi driver to fund his University Education. Mike Adenuga was born to a school teacher while he did not lack anything growing up, he was raised in modest surroundings. Mike Adenuga is a Nigerian business mogul. That family business is now the BUA Group which is one of Nigeria’s biggest conglomerates, with interests in manufacturing, edible oils, flour, steel, sugar, cement, and many other sectors.Ībdulsamad Rabiu is one of the most influential personalities in Nigeria he is one of the biggest businessmen in the country as the chairman of the Nigerian Bank of Industry (BOI).

His father Khalifah Isyaku Rabiu was one of the richest men in Nigeria during the 1970s and 1980s.Ībdul Samad Rabiu went to Capital University in Columbus, Ohio, USA, and then returned to Nigeria to take over the family business. Abdul Samad RabiuĪbdul Samad Rabiu is a Nigerian businessman who was born on the 4 th of August, 1960. He is an investor with stakes in both listed companies, and new start ups, particularly in the area of technology. He then worked in the financial services industry, where he gained valuable experience in controlling business. Since then he has held research and development positions in several establishments including Goodyear Tires, Air Products and Chemicals, and Kraft Foods. At Bell Labs, he showed promise he developed a reliability test for semiconductors. Remarkably though Robert Smith persisted he called the lab every Monday for five months until they accepted him. In high school, he applied for an internship at Bell Labs but was declined because the program was designed for college students. He is the founder of the private equity firm Vista Equity Partners. He is an American businessman, philanthropist, chemical engineer, and investor. Robert Smith was born on December 1, 1962, in Denver, Colorado, USA. The Dangote Group also has interests in construction and transportation. Now, Aliko Dangote controls a large business empire encompassing cement, flour, sugar, oil and gas, fertilizer, as well production of other items such as noodles, spaghetti, and so on. Furthermore, production gives one more control in the business.

After his education he received start-up capital from his uncle Sanusi Dantata, and 1977 he established a small trading business in Kano, before moving to Lagos to expand the business.ĭangote received a $500,000 loan from his uncle to begin trading in commodities such as bagged cement as well as rice and sugar.įrom there one he found that producing these items is actually more profitable than just selling them. He was born in Kano State, Nigeria, in 1957, the son of a wealthy trader. Aliko DangoteĪliko Dangote is the richest black man in the world. Top 10 Richest Black Men In The World Rank No.ĭetails on Each Person On The List Of The Richest Black Person In The World 1. Going forward, these black men of exceptional wealth will serve as beacons of hope thereby motivating the younger generation to put in more effort in their various fields of endeavor. Africa is blessed with visionaries men of exceptional foresight and ability. More than anything, that shows the potential of Africa in terms of economy, and in terms of the strength and character of the people of the continent. However, such comparisons will only fall short because they fail to look retrospectively, and take into account the rate of progress made by black businessmen so far.įor the record, some of the richest black men are African nationals who are based on the continent. The commentary that follows the revelation about who the wealthiest black men are usually centers about how they compare with billionaires from other ethnic groups. The richest black men in the world are captains of industry.
