Innocent Chukwuma

Top 20 Richest Igbo Men In Nigeria (2020 updated)

If you want to know the richest Igbo men in Nigeria or the world; this article is definitely for you. Igbo people are known to be hardworking and to make the most of the environment they find themselves in. After the Nigerian-Biafran war, they rose from nothing to make a name for themselves. They created companies, and wherever they go, you will spot them quickly because of their adventurous and entrepreneurial mindset and the spirit of hustle.

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The Igbo ideology of training younger boys in business is one that is evergreen and very applaudable. They bring young boys from the village who they train in the business. This young boy serves the businessman for some years, and after everything is done, the businessman helps the young boy set up his business as a symbol of appreciation.

We have a lot of rich Igbo men in Nigeria. These men are symbols of authority in business, and as regards the economy, they are doing well to provide jobs and change lives.

In this article, we are going to name the richest Igbo men in Nigeria who have sealed their names in the hearts of Nigerians and are role models to a lot of people who want to be rich or even richer.

Chief Arthur Eze

Net worth: $5.8 billion (unconfirmed)

Arthur Eze and Flavour
Arthur Eze and Flavour

(Photo via

Eze studied at California State University, Long Beach. In 1999, he established Atlas Oranto Petroleum. His company owns assets in Liberia, Guinea, Gambia, and the United Kingdom. Arthur Eze made $200M from selling oil blocks in Liberia. He is one of the richest men in Africa and one of the richest Igbo man in the world.

Innocent Chukwuma (Innoson)

Net worth: $1.5Billion (source: Wealth Result)

Innocent Chukwuma
Innocent Chukwuma (Innoson)

(Photo via

He is the founder and CEO of Innoson Vehicle Manufacturing Company, which is Nigeria’s first indigenous automobile manufacturing company. He hails from Nnewi in Anambra state. He was appointed Deputy Chairman, Board of Trustees National Coalition for Jonathan/Sambo which created to promote the former president of Nigeria, Goodluck Jonathan.

Cletus Ibeto

Net Worth: Net worth: $1.5 billion (Source:

Cletus is the founder of the Ibeto Group, which is the largest business enterprise from Nnewi. The company which started out importing spare parts has become one of the most extensive auto spare parts manufacturing companies in the world. He went on to set up Ibeto Petrochemicals in 1996 which specializes in the blending of oil lubricants. His company runs the most extensive liquid store storage facilities for petroleum products in Nigeria.

Pascal Dozie

Net worth: $1.1 billion

The United Kingdom trained economics boasts of multiple businesses. He is the co-founder of Africa Capital Alliance and the founder of Diamond bank, which is now known as Access Bank. He was also a member of the board of directors of MTN before his retirement.

Ifeanyi Ubah

Ifeanyi Ubah is a name that rings a positive bell in the ears of Nigeria. Like a phoenix, he was able to rise from scratch. He is a successful businessman. He owns chains of businesses in oil and gas, tyres and he even owns a famous football club Ifeanyi Ubah Football Club. He is the owner of Authority Newspaper, and he is worth.

Tony Elumelu

(Last estimated net worth as of 2015: US$700 million)

Tony is a household hold name in Nigeria. If you do not know him, for his foundation Tony Elumelu Foundation which helps young Nigerian business owners, you will know him as the chairman of Africa’s global bank United Bank of Africa. He is also the chairman of Heirs Holdings and Transcorp. In 2012, Mr. Elumelu was recognized as one of the Most Powerful People in Africa. The economist, philanthropist, and entrepreneur is one of the richest men in Nigeria, and he is on our richest Igbo men list.

Cosmas Maduka

Net worth: $500million (as at 2015)

Ever heard of Coscharis group? Well, Cosmas Maduka is the name and face behind that empire. The Anambra born businessman who had rough while growing up has made a name in the business world as his diverse brand specializes in automobile, ICT and a host of others

Emeka Offor

Born in Kafafanchan Nigeria, Nigerian Oil magnate Emeka Offor is the owner of the Chrome group, which is a leading based conglomerate based in Abuja, Nigeria. He is also a philanthropist. His foundation Sir Emeka Offor Foundation was created to help people in need to become independent and self-sufficient.

Orji Uzo Kalu

I am not starting with this man because I am from Abia State, but because his name was the first that popped up in my head when I was thinking of this article. Orji is a respected businessman and politician. Orji is the chairman of notable newspapers in Nigeria like Daily Sun and New Telegraph which in Nigeria’s first politically independent newspaper. He is also the chairman of Slok Holding. From 1999-2007, he served as the governor of Abia State. He is currently a serving senator of the federal republic of Nigeria. He deserves to be on the top 20 richest Igbo man list.

Rochas Okorocha

Born on the 22nd of September 1962, the multibillionaire businessman is one of the richest men in Igbo land. He is an educational philanthropist through his foundation Rochas Foundation, where he provides students with excellent education for free. Rochas is also an influential politician. He was the last governor of Imo State, and he served as governor from May 2011 to May 2019. He is currently a senator of the Federal Republic of Nigeria.

Victor Obianodo

Victor is a hardworking businessman who is thriving in the transportation industry. His transport company Young Shall Grow Motors has been around for such a long time and is still at the top as regards the best transport companies in Nigeria list

Leo Stan Ekeh

The Imo state born businessman founded Zinox Technologies in 20011 to manufacture computers. Ekeh, under his company Zinox Technology, acquired Nigerian e-commerce platform Konga from its owners buying 99% shares. 

Nduka Obaigbena

Nduka is a media guru; he has sealed his name in the media. Asides being the founder of the popular Nigeria newspaper ThisDay, Nduka is also the founder and publisher of Arise magazine which focuses on the style and culture in Africa and Arise news station which is a news station that airs in Nigeria.

Tony Ezenna

The Ezennas owned a chemist shop, and after working with his family business for over 13 years. Tony decided to open his own pharmaceutical company, Orange Drugs, which is now a household name in the Nigerian pharmaceutical industry. He founded the company in Owerri but moved it to Lagos to compete favourably with others in the industry. He completed his mansion at Ikoyi.

DR ABC Orjiako

BC is the founder of Seplat, which is a Nigerian Independent Oil and gas company listed on the London and Nigeria Stock exchanges. He graduated as a Doctor of Medicine from the University of Calabar in 1985. In 2006, he completed the OPM programme of Harvard Business School. Dr Orjiako sits on the board of a lot of companies in different sectors. He is also a philanthropist. He has carried out numerous outreaches aimed at helping the less privileged through his foundation which he founded in the memory of his late father Daniel O. Orjiako Foundation

One more thing: Here are the Lucrative hand works to learn in Nigeria. Also, see the best small business ideas in Nigeria

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