Top 10 Richest Families in Nigeria and their Net Worth in 2025
10. Mo Abudu’s Family
The Mo Abudu family is a notable name in Nigeria’s entertainment industry:
- Matriarch: Mosunmola Abudu
- State of Origin: Ondo State
- Sources of Income: Film making, reality TV shows, and entertainment networks
- Famous Family Members: Temidayo Abudu, producer at EbonyLife
Mo Abudu is the owner of EbonyLife Television, Africa’s first Global Black Multi-Broadcast Entertainment Network. She has produced various content and partnered with global streaming giant Netflix. Her daughter, Temidayo Abudu, is a London graduate of Management and Marketing and works as a producer at EbonyLife. Mo Abudu’s grandchildren, TJ and Ireoluwa, are also part of her family.
9. Tony Elumelu’s Family
The Elumelu family is a prominent household name in Nigeria’s business landscape. Here’s a brief overview:
- Patriarch/Matriarch: Anthony Onyemaechi Elumelu and Dr. Awele Elumelu
- State of Origin: Delta State
- Sources of Income: Businesses, including Heirs Holdings, UBA Group, and Transcorp
- Famous Family Members: Dr. Awele Elumelu, CEO of Avon Healthcare, and Tony Elumelu, founder of the Tony Elumelu Foundation
Tony Elumelu has built a business empire through his various ventures and has received notable awards, including the All-Africa Business Leaders Awards (AABLA) Philanthropist of the Year Award in 2018 and 2019. He was also featured in TIME magazine’s 100 Most Influential People of 2020.
Family Structure
Tony Elumelu shares seven children with his wife, Dr. Awele Elumelu:
- Five daughters, including triplet daughters Onyinye, Nneka, and Ugo
- A set of twin boys named Tony and Toby
8. The Danjuma Family – $1 Billion
The Danjuma family has a significant presence in Nigeria’s business landscape, particularly in the shipping and oil industries.
- General TY Danjuma’s Background: General TY Danjuma is a retired military leader and successful businessman who founded the NAL-COMET Group and South Atlantic Petroleum Ltd.
- Family Members:
- Daisy Danjuma: A member of the Danjuma family and wife of General TY Danjuma.
These families have made significant contributions to Nigeria’s economy and have built impressive business empires. Their stories serve as inspiration to entrepreneurs and business leaders in Nigeria and beyond.
7. The Adeleke Family – $1.7 Billion
The Adeleke family is one of the most influential families in Nigeria, with a strong presence in business and politics.
- Adedeji Adeleke’s Background: Adedeji Adeleke is the founder of Pacific Holdings and President of Adeleke University.
- Family Members:
- Davido (David Adeleke): A famous musician and entrepreneur.
- Ademola Adeleke: A politician and current Governor of Osun State.
- Adewale Adeleke: A member of the Adeleke family involved in business.
6. The Otedola Family – $1.8 Billion
The Otedola family is a prominent household name in Nigeria’s business landscape. Femi Otedola, the patriarch, is a successful businessman and founder of Zenon Petroleum and Gas Ltd.
- Femi Otedola’s Background: Femi Otedola has invested in various industries, including power generation, financial services, and real estate.
- Family Members:
- Florence Otedola (DJ Cuppy): A music producer, DJ, and Nigerian tourism advocate.
- Temi Otedola: An aspiring actress, fashion blogger, and designer.
- Tolani Otedola: A singer and one of Femi’s children.
- Nana Otedola: The matriarch of the family and a renowned Nigerian businesswoman.
5. The Saraki Family
The Saraki family is renowned for their rich political heritage and influential presence in Nigerian politics. Olusola Saraki and Florence Morenike Saraki are the family’s patriarch and matriarch.
- Olusola Saraki’s Background: A consummate politician and former Senator in the Nigerian Second Republic, Olusola Saraki was known for his chieftaincy title, the Waziri of the Ilorin Emirate.
- Family Members:
- Bukola Saraki: A prominent politician, Bukola served as the 13th President of the Senate of Nigeria and Chair of the 8th Nigeria National Assembly. He was also a two-term Kwara Governor and Chairman of the Nigeria Governors’ Forum (NGF).
- Gbemisola Ruqayyah Saraki: A sister to Bukola, Gbemisola has served as the Minister of State for Mines and Steel Development of Nigeria and held positions as a House of Rep member and Senator.
Both families have made significant contributions to Nigeria’s economic and political landscape, leveraging their influence to shape the country’s future.
4. The Tinubu Family – $4 Billion
The Tinubu family is a prominent household name in Nigeria, particularly in Lagos State. Bola Ahmed Tinubu, the patriarch, is a former Governor of Lagos State and a key figure in Nigerian politics. His mother, Chief Abibatu Mogaji, was a powerful community leader and wealthy trader who served as the Association of Nigerian Market Men and Women’s President-General until her passing in 2013.
- Bola Tinubu’s Background: Before venturing into politics in 1992, Tinubu spent most of his professional life as an executive at Mobil. He also owns several real estate properties in Lagos.
- Family Members:
- Oluremi Tinubu: Bola’s wife, a Senator of the Federal Republic of Nigeria, and currently serving as the First Lady.
- Wale Tinubu: A family member and Oando PLC’s Group Chief Executive, Wale is a lawyer and business professional with expertise in corporate and petroleum law.
3. Mike Adenuga Family – $6.3 Billion
The Adenuga family is a prominent family in Nigeria, with a net worth of $6.3 billion. The family is headed by Mike Adenuga, a billionaire businessman and the sixth richest person in Africa. The Adenuga family has a strong legacy in Nigeria, with businesses impacting various sectors of the economy, including telecommunications, banking, and petroleum.
- Mike Adenuga’s Background : Mike Adenuga built his fortune in telecom and oil production, starting off by selling fabrics and making his first million at the age of 26.Â
- Business Empire : The Adenuga family owns Globacom, Nigeria’s third-largest telecommunication industry. The company has also invested in real estate, oil and gas, and banking.Â
- Family Members : Mike Adenuga’s children, including Paddy Adenuga, Bella Disu, Eniola, Babajide, Abimbola, and Oyin Adenuga, are involved in the family business. Oyin Adenuga has worked at Equatorial Trust Bank and Consolidated Oil, while Sade Adenuga, Mike’s youngest daughter, is a lawyer in the United States.
These families have made significant contributions to Nigeria’s economy and have built impressive business empires. Their stories serve as inspiration to entrepreneurs and business leaders in Nigeria and beyond.
2. Abdul Samad Family – $8.6 Billion
The Abdul Samad family is another influential family in Nigeria, with a net worth of $8.6 billion. The family is headed by Abdul Samad Rabiu, a businessman who built his fortune through importing rice, edible oil, flour, iron, and steel. The BUA Group, owned by the Abdul Samad family, is a Nigerian conglomerate that focuses on manufacturing, infrastructure, and agriculture.
- Abdul Samad Rabiu’s Background : Abdul Samad started his business by importing goods and later expanded into steel production, importing iron ore, and constructing rolling mills in Nigeria.Â
- Business Empire : The BUA Group has a $900 million cement plant in Edo State and two flour-milling plants in Lagos and Kano. The company has also invested in agriculture and infrastructure development.Â
- Family Members : Abdul Samad has 42 siblings, including Nafiu Rabiu and Rabiu Rabiu, the chairman of IRS Airlines. His children, including Isyaku Rabiu, Junaid Rabiu, Rukaiya Rania Rabiu, and Khadijah Rabiu, are also involved in the family business.Â
1. The Dangote Family – $12.6 Billion
The Dangote family is a household name in Nigeria, with a net worth of $12.6 billion. At the helm of the family is Aliko Dangote, a Nigerian businessman and industrialist who has been listed as the wealthiest man in Africa for ten years in a row. The Dangote Group, founded by Aliko, is the largest industrial conglomerate in West Africa, with diverse interests in cement, flour, sugar, and refinery.
- Aliko Dangote’s Background : Born into a wealthy family, Aliko Dangote’s father, Al-Hassan Dantata, was a major supplier of raw materials in the colonial era and one of the richest men in West Africa in the 1950s.Â
- Business Empire : The Dangote Group has various divisions, including Dangote Cement, Dangote Flour, Dangote Sugar, and Dangote Refinery. The company has expanded its operations globally, with investments in several African countries.Â
- Halima Aliko Dangote : Aliko’s second daughter, Halima, is a renowned businesswoman and executive director of commercial operations at the Dangote Group. She is one of the few family members who have made a name for themselves in the business world.Â
Nigeria’s wealthiest families have built their fortunes through diverse industries, including oil and gas, real estate, politics, and entertainment. Let’s take a closer look at four more influential families.
Recap of the Richest Families in Nigeria and their Net Worth in 2025
- Dangote Family – $12.6 billion
- The Abdul Samad Family – $ 8.6 Billion
- Mike Adenuga’s Family – $6.3 Billion
- The Tinubu Family – $4 Billion
- Saraki Family – $2 billion
- The Femi Otedola Family – $1.8 Billion
- Adeleke Family – $1.7 billion
- Danjuma Family – $ 1 Billion
- The Tony Elumelu’s Family – $700 Million
- The Mo Abudu Family – $650 Million
In conclusion, the wealthiest families in Nigeria have amassed their wealth through a variety of businesses, including real estate, politics, entertainment, oil and gas, and business. These families have become well-known and have significantly contributed to the nation’s economy.
Every family has a different success story, from the Otedola family’s business endeavours to the Dangote family’s industrial empire, from the Adenuga family’s telecommunications domination to Mo Abudu’s entertainment network.
These families provide motivation to business leaders and entrepreneurs in Nigeria and abroad by demonstrating the possibility of success through perseverance, ingenuity, and wise investments. These families will probably become more and more significant in determining Nigeria’s economic future as the nation grows and changes.
