Meet the 10 youngest billionaires in Nigeria and what they do for a living

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In this article, we will explore the youngest billionaires making waves in the country. While we often hear about established figures like Aliko Dangote, Femi Otedola, and Wale Adenuga, young wealthy billionaires also deserve recognition.

Here are some of the youngest billionaires in Nigeria. Please note that their ranking isn’t determined by any specific criterion; this list is arranged in an unofficial order. Let’s dive in.

1. Igho Sanomi

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Igho Sanomi (born May 17, 1975) is a businessman, geologist, public speaker, and philanthropist with business interests spanning oil, power, logistics, telecommunications, the maritime industry, aviation, and real estate. He is one of Nigeria’s youngest billionaire businessmen, with an estimated net worth of $1 billion.

Born in Agbor, Delta State, Nigeria, Sanomi is the fifth child and first son in a Catholic family. His father, Dickens Ogheneruemu Patrick Sanomi, served as the second national vice-president of the Urhobo Progress Union (UPU) and was a retired Assistant Inspector General of Police (AIG) in the Nigeria Police Force. His mother, Mabel Iyabo Sanomi, is a yeye jemo (tribal chief) of the Isotun Ijesha kingdom in Osun State, southwestern Nigeria, and a former nurse.

Igho Sanomi is the executive director of Cosmos Oil AG and the founder of Taleveras Group. His business interests include telecommunications, shipping, aviation, engineering, construction, and real estate investments. Sanomi, the son of a former Assistant Inspector General of Police, earns millions of naira from his ventures in the energy, building, and power sectors. Notably, his company holds significant shares in two Nigerian oil blocs. Sanomi founded Taleveras Group, a Nigerian energy-trading company, in 2004.

2. Sijibomi Ogundele

Sijibomi Ogundele (born April 8, 1981) is the CEO of Sujimoto Construction Limited, a trusted one-stop solution provider in real estate and hospitality. He began his career in risk assessment in 2004, eventually transitioning to SME lending and establishing Moto Finance in Paris, which later expanded to Accra, Dubai, Madrid, and New York City. After achieving significant industry milestones, he moved into the Nigerian real estate sector, specializing in risk assessment and project management.

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Ogundele describes his vision as “simple”: to revolutionize the African luxury real estate industry, starting with Nigeria. With the success of his company’s pioneering project, Medici, there is high anticipation among investors and high-net-worth individuals for Sujimoto’s forthcoming project in Ikoyi, “LorenzoBySujimoto.”

Inspired by the Ritz-Carlton style, LorenzoBySujimoto will redefine high-value residential structures. It will feature world-class hospitality, including 2, 3, and 4-bedroom apartments, and fascinating penthouses with private swimming pools.

3. Ladi Delano

Ladi Delano is a British-born Nigerian technopreneur who, along with his co-founder and co-CEO Jide Odunsi, is making waves with their latest venture, Moove, the world’s first mobility fintech service. In 2019, Delano and fellow British-born Nigerian technopreneur Jide Odunsi co-founded Moove Africa BV. This project provides revenue-based financing to ride-hailing drivers in sub-Saharan Africa and has already achieved tremendous success, securing a highly profitable partnership with Uber and raising over $174.5 million in funding. Having captured the African market, Delano now aims to scale the model to new markets in Asia, MENA, and Europe over the next six months.

Despite his Nigerian heritage, Delano was born, raised, and educated in London, UK. According to startuptipsdaily.com, he attributes much of his success to his parents, whom he describes as “unsung heroes” for making multiple sacrifices to ensure their children received the education and support needed to succeed. His father, a corporate executive and MBA lecturer, spent hours studying business techniques with Delano, teaching him the skills that would, 20 years later, turn him into one of Nigeria’s most successful entrepreneurs. Delano earned an MPA from the London School of Economics and Political Science, a Master of Science from Oxford University, and a Postgraduate Diploma in Global Business from Oxford University.

4. Seyi Tinubu

Seyi Tinubu (born October 13, 1985) is the only surviving son of Asiwaju Bola Ahmed Tinubu, the former leader of Nigeria’s ruling All Progressives Congress and now the president of Nigeria. Seyi has become one of the most influential and wealthy Nigerians. He is worth millions of dollars and is a prominent entrepreneur, businessman, and politician. Seyi played an active role in the campaign that led to his father’s emergence as the APC Presidential candidate. He is the CEO of Loatsad Promo Media Ltd, an out-of-home advertising company, a Patron of the STL Polo Team, and a member of several organizational boards.

Loatsad Promo Media Ltd is an outdoor advertising company that counts some of Nigeria’s leading blue-chip and multinational companies among its clients. Seyi Tinubu is highly sought after for his ability to develop tailor-made solutions for successful brands, leveraging his sound legal experience and commonsense approach to international business transactions. According to multiple sources, his company gets the first right of refusal before any advertisement is placed in Lagos, Nigeria’s commercial city with an estimated population of 20 million people. Since founding Loatsad Promo Media, Tinubu has overseen over 1,000 completed advertising transactions, representing billions in transaction value. He also enjoys patronage from state actors due to his father’s political connections.

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5. Linda Ikeji

Linda Ifeoma Ikeji (born September 19, 1980) is a Nigerian blogger, writer, entrepreneur, and former model, renowned for her blog and controversial online publications. Ikeji graduated from university in 2004 and began blogging as a hobby in 2006, during a time when the internet was not widely accessible in Nigeria, requiring her to make posts from a cybercafé.

She became an active blogger in 2007, initially using the sub-domain lindaikeji.blogspot.com before eventually securing her own domain at www.lindaikejisblog.com. Additionally, she ventured into online radio broadcasting, with the station operating from the Linda Ikeji Media Office. Some of its programs are broadcast live on Linda Ikeji TV.

6. Obinna Eyiegbu

Obinna Iyiegbu, popularly known as Obi Cubana, is a Nigerian businessman, entertainer, entrepreneur, philanthropist, and showstopper. He is the Chairman and Founder of the Cubana Group. Iyiegbu’s entrepreneurial journey began in 2006 when he established a nightclub called Ibiza Club in Abuja. In 2009, he launched a hospitality club named Cubana in Owerri, Imo State.

Born on April 12, 1975, Obi Cubana hails from Oba, a community in the Demili-South Local Government Area of Anambra State, Nigeria. He is married to Ebele Iyiegbu, and they have four children together.

Obi Cubana is currently one of the richest and most influential personalities, entertainers, show promoters, and entrepreneurs in Nigeria, with an estimated net worth of $500 million, derived from his income, properties, and assets. The nightlife entrepreneur has recently ventured into the real estate business with his Casa Cubana home and is planning to expand the Cubana brand to the United Kingdom with a new Cubana Club. The construction of this club began last year and was initially expected to be completed and launched by February 2022. However, work is still ongoing, and the building will also house a restaurant specializing in Nigerian cuisine. Additionally, Cubana has expanded his business empire by incorporating a hotel and launching his brand of bitters, an alcoholic drink infused with herbs, spices, fruits, roots, tree bark, and other botanicals.

7. Mark Essien

Mark Anthony Essien (born December 18, 1980, in Ikot Ekpene, Akwa Ibom State) is an entrepreneur, software developer, and startup investor. He is the founder and CEO of Hotels.ng, one of the first online hotel booking websites in Nigeria. Before founding Hotels.ng in 2013, Essien developed a file-sharing software called Gnumm, which was acquired by Snoopstar.com, and later launched a language learning startup named Ingolingo.

In 2013, Essien founded Hotels.ng, receiving an initial investment of $75,000 from Spark.ng, followed by an additional $150,000 investment. In 2015, the company secured further funding of $1.2 million from international investors, including EchoVC Pan-Africa Fund and Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar. Essien also founded HNG Internships, a program aimed at addressing the software engineering talent gap in Nigeria, but later stepped down as CEO, handing over the role to Seyi Onifade.

8. Jason Njoku

Jason Chukwuma Njoku (born December 11, 1980) is a British businessman and the co-founder and CEO of iROKOtv, a video-on-demand service for Nigerian movies.

Jason was born and raised in Deptford, South East London. His mother raised him and his three sisters and brother by herself while working a full-time job in the National Health Service. He attended school in London and then moved to a village in Nigeria from the age of 12 to 15. After returning to the United Kingdom, he completed his A-Levels and secured a place at The University of Manchester, where he studied Chemistry. He graduated in 2005 with a 2:1 and launched Brash Magazine, a student publication that ran for three years before closing in 2008.

Jason Njoku is married to Nollywood film star and producer Mary Remmy Njoku.

9. Joseph Eze Okafor (Jowizaza)

Joseph Eze Okafor, popularly known as Jowi Zaza (born March 19, 1985), is a Nigerian Igbo billionaire from Anambra State. At 38 years old, Jowi Zaza is one of the youngest billionaires in Nigeria, known for his immense wealth and status as a socialite within elite Nigerian circles.

He is the Chief Executive Officer of Jezco Oil Nigeria Ltd, a multi-million dollar oil and gas firm founded by his father, Joseph Eze Okafor Sr., in 1980. The company became a fully licensed oil service provider and an independent marketer of petroleum products in 1988, eight years after its establishment. Jowi Zaza inherited the business from his father, who is a business magnate from Anambra and the original owner of Jezco Oil.

10. Iyinoluwa Aboyeji

Iyinoluwa Samuel Aboyeji (born March 28, 1991) is a Nigerian entrepreneur known for co-founding Andela and serving as the former managing director of Flutterwave. In 2019, New African magazine recognized him as one of the Top 100 most influential Africans.

Aboyeji is the general partner and co-founder of Future Africa, a platform that provides capital, coaching, and community for mission-driven innovators. After co-founding Future Africa, he served as the deputy director-general for Oby Ezekwesili’s 2019 presidential campaign. Aboyeji has played significant roles in building Andela and Flutterwave, two prominent African technology companies. Additionally, he is the co-founder and chairman of Talent City Inc, a construction company.

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