While a vast majority of Nigeria’s wealthiest businessmen spurn the capital markets, preferring to build their fortunes through privately-held companies, the Nigerian Stock Exchange still accounts for a substantial portion of the wealth of a number of the country’s richest individuals.
Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the five richest people who own stocks listed on the Nigerian Stock Exchange. The value of the shares is based on prices at the end of trading on August 9, 2011. Note: these figures exclude private assets.
Aliko Dangote
Net Worth On The NSE: $12.1 billion
Source: Dangote Group
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2. Jim Ovia
Net Worth on the NSE: $220.5 million
Source: Zenith Bank
3. Sayyu Dantata
Net Worth on the NSE: $67 million
Source: MRS Oil
4. Oba Otudeko
Net Worth on the NSE: $63.3 million
Source: Honeywell Flour Mills, First Bank
Eddy Martins Egwuenu
Net Worth on the NSE: $54.2 million
Source: Zenith Bank
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