Top 10 Richest Families in Nigeria 2020

Even in the World, there are families that are making fortunes than many other families, so why won’t such happen in Nigeria too. And for your information, most of the richest families in Nigeria controls about 70% of what is happening in Nigeria’s Economy. Have you ever wonder who are the members of the richest families in Nigeria? If your answer is yes, then we’ve got you. According to Forbes, Nigeria is also one of the countries with many families that own assets and investments that are worthy of billions of dollars.

Which Family Is The Richest Family In Nigeria 2020? Even though the economy of Nigeria is deteriorating, that does not mean there are no families with enough riches to cater for themselves. In this article, we present to you the wealthiest families in Nigeria with their net worth even though we are unable to get the net worth of all the families. On our list, we have Briggs Family topping and Igbinedion Family in the last position.

Top 10 Richest Families in Nigeria 2020

  • 1. Briggs Family

As a Nigerian, Chief Olu Benson Lulu-Briggs will not sound unfamiliar to you as the man is a man of popularity. He is the founder of Moni Pulo Limited (MPL) which is a private indigenous oil and gas exploration country and this makes him one of the richest men in the country.

Though Lulu-Briggs’s company has its headquarter located in Port Harcourt, there are also many branches over the country and even internationally including Lagos and London, The Company is more popular for the efficacy exhibited in its international standard operations. MPL is actually the sole operator of OML 114 and also extends its expertise to other operations like OPLs 231, 234 and 239.

Top 10 Richest Families In Nigeria

His wife, Mrs. Seinye Lulu-Briggs currently serves as the Chief Executive Officer of Racheal Hotels Limited. On a serious note, his wife is much oriented toward business and this moved her to Design Research Centre where she served as the Office Manager. Before moving directly into business, she has once entered into the financial sector.

Another icon of the family is Chief Dumo Lulu Briggs, who was the pioneer, Executive Director and Chief Operating Officer at Moni Pulo Limited from 1995 to 2002. He is a lawyer.

  • 2. Ibru Family

The force behind the popular Ibru Organization is Ibru Family. Sice 1956 when it was established, the organization has maintained to be one of the largest conglomerates with over 10,000 employees. The organization deals with diversified business ideas including agriculture, aviation, banking, etc. Who was the founder of the Ibru Organization?

Second Richest Family In Nigeria

Micheal Ibru was the founder of the organization and he has served in many companies including United Africa Company (1951-1956) which later form the partnership with English man Jimmy Large to form Laibru General Trading Company. Around 1957, the company has most of its interest in agriculture like frozen fish, Ibru Sea Foods, etc., a conglomerate that includes Guardian Newspapers, Rustam Motors, The Ibru Seafoods, Aero Contractors, and so on.

As time goes on, the business was expanded to transportation, distribution, brewing, construction, petroleum distribution, and also fruit growing.

Other prominent members of the Ibru family are Alex Ibru; a one-time minister of internal affairs, Felix Ibru, Olorogun Oskar Ibru, Cecilia Ibru, and Oboden Ibru. 

  • 3. Dantata Family-Dangote Family

Here is the family that houses the richest man in Nigeria, Aliko Dangote. However, within the family are the presence of other richer men like Sanusi Dantata. He is a Nigerian Entrepreneur whose father was a Northern Nigerian trader in groundnuts, kola nuts, and distributor of European goods. He was one of the wealthiest men in West Africa.

Dantata Family Among The Richest Families In Nigeria 2020

The Dantata Family is without a doubt the wealthiest family in northern Nigeria. The family is currently led by Aliko Dangote; Chairman of the Dangote Group. He is the richest man in Africa. The family was set up by his late uncle Alhaji Alhassan Dantata who dealt in kola nuts, groundnuts, and other commodities. It was Dantata who set up his nephew Aliko Dangote into the rice dealing business. Aliko Dangote proved himself very capable and ambitious; expanding his business interests, and turning his dealership into a conglomerate. The Dantata Family has also ventured into real estate; they have their own estate in the federal capital territory.

Other prominent members include

  • .
    • Ahamdu Dantata, died 1960 as a politician
    • Aliko Dangote (1957-), a billionaire and entrepreneur
    • Aminu Dantata (1931-), a businessman
    • And many others
  • 4. Tinubu Family

The important icon of this family is Bola Ahmed Tinubu, who was a former governor of Lagos State. Another prominent member is his wife. Oluremi is a senator of the Federal Republic of Nigeria currently. 

The Tinubu name has for a long time held precedence in Lagos; the late Matriach Abibatu Mogaji was an influential businesswoman and political plotter. However, it seems that her son Ashiwaju Bola Ahmed Tinubu- the Jagaban of Borgu has effectively surpassed his mother in influence and wealth. He is the National Leader of the ruling APC, a former Governor and Senator, and a certified kingmaker in Lagos.

Another prominent member of the Tinubu Family is Oluremi Tinubu- Asiwaju Bola Ahmed’s wife who is the Senator representing Lagos Central Senatorial District. His son Wale Tinubu sits on the board of OANDO- a prominent oil company, and his daughter Iyabo Tinubu Ojo is the Iya Oloja (chieftaincy title of commerce) of Lagos. The Tinubu family owns TVC (a private television station) Leadership Newspapers, Lagos Intercontinental Hotels, and so on. 

  • 5. Igbinedion Family 

Chief Gabriel Igbunedion is the progenitor of this family and he is the Esama of Benin.  The title Esama means the “Son of the people,” and was conferred on him by Late Oba Akenzua II. So massive is his wealth and lavish his fame that the Esama has been mistaken for a king. He also has a vast business empire which includes diamond, marble and gold mines, Igbinedion University, a radio station, hotels, real estate, oil refinery, etc. He is one of the richest men in Nigeria. 

Lucky Igbinedion, son of Chief Gabriel Igbenedion was governor of Edo state from 1999 to 2003, and his sister Omosede Igbenedion currently serves as a member of the Federal House of Representatives. 

The Igbedenion family owns extensive investments, especially landed property.

Even though the language the economy of our country is saying is quite disappointing, won’t there be people that will still not feel the pains other feels? Definitely, there will be and as such there will also a ranking among the wealthiest, richest families in Nigeria, just like we just did now. However, note that before some of them become what they are now, they have actually faced many challenges in life. 

  • 6. Saraki Family 

The Saraki family, which is known as one of the longest-standing political dynasties in Nigeria, with political influence stretching from the north to the South East of the country, is no doubt one of the most highly respected names in Nigerian politics. What many people fail to see, however, is that they are also one of the richest families in Nigeria.

The family was set up by its late patriarch; Olusola Saraki who was governor of Kwara state, and then a senator. He taught his son well, and so Bukola Saraki took over the seat from him, sealing their status as a political dynasty. After serving as governor, Bukola Saraki would later become a senator, even rising to the office of the Senate President. His sister Gbemisola Saraki is presently serving as a senator as well. The recent Panama Papers leak revealed that the Saraki family has stored several millions of dollars in offshore accounts.

The prominent members of this family are Late Olusola Saraki, Bukola Saraki, and Gbemisola Saraki. During his time, Olusola Saraki was a senator of the Second Republic and also the chairman of the defunct Societe General Bank.

Bukola Saraki, the son of Olusola, served as the Senate president of the Federal Republic after being the governor of Kwara State for good 9 years. Gbemisola Saraki, who is a sister to Bukola, is also a senator.

  • 7. Okoya-Thomas Family

One progenitor of the Okoya Thomas Family is Prince Molade Okoya-Thomas, who was the chairman of CFAO Nigeria Limited in 2015. Seems it is genetically oriented because even his father was the first local staff of CFAO and served the company for a complete 52 years. 

Top 10 Richest Families In Nigeria

Most important of all is the family company: the Eleganza Group, which is a conglomerate with interests in the manufacture of plastic products, construction, as well as vehicle importation and sales. The company is now led by his son.

Other prominent members of the family include Princess Olajumoke Abidemi Okoya-Thomas who is a member of the Federal House of Representatives of Nigeria where she is representing Lagos Island 1. 

  • 8. Adeleke Family

The Adeleke Family is made up of 3 very united branches: Adedeji Adeleke, Ademola Adeleke, and Isiaka Adeleke. Adedeji David Adeleke is the founder and chief executive of Pacific Holdings Limited; a holding company comprising of Pacific Freightliners, as well as other companies in the areas of Oil and Real Estate. He is also the owner of Adeleke University- a private University in Ede, Ondo State. His brothers have built between themselves a Political Dynasty in their own right, and his son David Adeleke AKA Davido is one of Nigeria’s brightest music stars at the moment. 

  • 9. Abiola Family

The patriarch of the family; Moshood Kashimawo Abiola was at one time the richest man in Africa. He was a businessman of the first class, and some of his businesses included Berek Batteries, Concorde Newspapers, International Telephone, and Telex, and he also had massive real estate holdings. His philanthropy was famous both locally and internationally, and he will be remembered for giving a lot to Black South Africans during their struggle against apartheid. His unfortunate decision to run for president resulted in a calamity, finally taking his life. However, his family is still note worthy as one of the richest families in Nigeria and is now headed by his son Kola Abiola; a businessman in the mold of his father, who chooses to stay away from the public eye. 

  • 10. Folawiyo Family

Folawiyo Family has Chief Wahab Folawiyo as a predecessor. He was the founder and pioneer of Yinka Folawiyo and sons which is a business that deals with import and export. Now known as Yinka Folawiyo Group, it has investments in agriculture, real estate, shipping, and energy. The Company is now run by Tunde Folawiyo; son of late Chief Wahab

The Folawiyo Family once had the cement distribution business in Nigeria in their pocket.

  • Tejuosho Family

The Tejuosho family has been popularly known to produce prominent Nigerians that venture into different businesses including foam manufacturing, politicians, and also lawyers. A prominent member is Bisoye Tejuosho who established Teju Industries that specialized in the making of foams.

Other prominent members include Adefunmilayo Tejuosho, who is a trained lawyer, politician and also a four-times Lagos State House of Assembly representing Mushin Constituency.

Another is Lanre Tejuosho who is the son of His Royal Highness Oba Adedapo Adewale Tejuosho, the Osile of Oke Ona of Egbaland. Lanre is a medical doctor and also a senator.

I hope you find the article interesting on the top 10 richest families in Nigeria 2020.


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