Cross River State Billionaires: Top 10 Richest Men In 2024

Cross River State, located in the southeastern part of Nigeria, is known for its rich cultural heritage and economic activities. While its economy is driven by agriculture, tourism, and commerce, several individuals have accumulated wealth through various sectors including politics, business, oil and gas, and real estate. This article delves into the top 10 richest men in Cross River State, highlighting their business ventures, net worth, and contributions to the state's development.

1. Donald Duke

Business Ventures: Politics, Real Estate, Tourism
Net Worth: Billions of naira

Donald Duke, a former governor of Cross River State, is one of the most prominent figures in the state. His tenure as governor saw a transformation in Cross River’s tourism and infrastructure development. Duke’s wealth comes from his involvement in real estate and tourism, particularly through the development of projects like the famous Obudu Cattle Ranch and the Tinapa Resort.

Philanthropy: Donald Duke is involved in various charitable efforts, including improving educational facilities and supporting healthcare initiatives in Cross River State.

2. Senator Liyel Imoke

Business Ventures: Politics, Real Estate
Net Worth: Billions of naira

Liyel Imoke, another former governor of Cross River State, has built substantial wealth through his political career and business ventures. His family has been involved in various business sectors, including real estate and infrastructure development. Imoke’s political influence has also opened doors for investments in the construction and hospitality industries.

Philanthropy: Imoke focuses on youth empowerment programs and educational initiatives, particularly aimed at rural areas in Cross River State.

3. High Chief Edem Duke

Business Ventures: Hospitality, Media
Net Worth: Billions of naira

Edem Duke is a highly influential figure in the hospitality industry in Nigeria. He has played a significant role in developing the tourism sector in Cross River and has owned several high-end hotels and resorts. Duke has also made investments in media, contributing to his considerable wealth. His contributions to tourism have helped position Cross River as a major destination for travelers.

Philanthropy: Duke is known for supporting tourism and cultural festivals in Cross River and has invested in community development projects.

4. Chief Emmanuel Ibeshi

Business Ventures: Politics, Oil and Gas
Net Worth: Billions of naira

Chief Emmanuel Ibeshi, a former commissioner and businessman, has made a name for himself through his involvement in the oil and gas sector. He has played significant roles in both state and federal politics, helping to shape policy and attract investment to Cross River State. His business ventures in oil and gas have made him one of the wealthiest individuals in the state.

Philanthropy: Ibeshi is involved in charity work that focuses on healthcare and youth empowerment.

5. Prince Orok Duke

Business Ventures: Real Estate, Construction
Net Worth: Billions of naira

Prince Orok Duke is a real estate mogul with vast holdings across Cross River State. His company specializes in the construction of residential and commercial properties, and he has been instrumental in urban development in the state. His wealth has grown significantly over the years, thanks to his real estate empire and his involvement in construction projects.

Philanthropy: Duke is focused on providing affordable housing for low-income families and supports local education initiatives.

6. Ubi Franklin

Business Ventures: Entertainment, Media, Real Estate
Net Worth: Billions of naira

Ubi Franklin, a successful music executive and entrepreneur, hails from Cross River State. He is the founder of Made Men Music Group (MMMG), which has managed top Nigerian artists like Tekno and Iyanya. Apart from his involvement in the entertainment industry, Franklin has diversified his investments into real estate and other business ventures.

Philanthropy: Franklin is involved in several charitable causes, particularly in helping disadvantaged youth through his foundation, which provides scholarships and business grants.

7. Chief Asuquo Ekpenyong

Business Ventures: Banking, Finance
Net Worth: Billions of naira

Chief Asuquo Ekpenyong is a well-known figure in the banking and finance sector in Nigeria. He has held several executive positions in major Nigerian banks and financial institutions. His investments in financial services, coupled with his involvement in real estate and agriculture, have contributed to his wealth. Ekpenyong’s influence in both business and politics makes him a key player in Cross River State’s economic landscape.

Philanthropy: Chief Ekpenyong is dedicated to financial literacy programs and often provides mentorship for young entrepreneurs in Cross River State.

8. Eyo Etim Nyong

Business Ventures: Oil and Gas, Construction
Net Worth: Billions of naira

Eyo Etim Nyong is a prominent businessman with investments in the oil and gas sector. He has held key roles in various petroleum companies and is also involved in construction and real estate. Nyong’s wealth has grown through his ventures in oil exploration and production, and he is considered one of the wealthiest individuals in the state.

Philanthropy: Nyong is known for supporting local schools and healthcare initiatives, particularly in rural communities in Cross River.

9. John Owan-Enoh

Business Ventures: Agriculture, Politics
Net Worth: Billions of naira

John Owan-Enoh is a politician and businessman from Cross River State. His wealth primarily comes from his investments in agriculture, particularly large-scale farming and food production. Owan-Enoh has also served in various political capacities, further increasing his wealth and influence. His agricultural ventures contribute significantly to the economy of Cross River.

Philanthropy: Owan-Enoh is dedicated to improving food security and has launched several projects aimed at boosting agricultural productivity in the state.

10. Senator Florence Ita-Giwa

Business Ventures: Politics, Real Estate
Net Worth: Billions of naira

Florence Ita-Giwa is a political figure and businesswoman who has amassed wealth through her involvement in politics and real estate. She has been an influential voice in Cross River politics and is also known for her charitable works. Ita-Giwa has invested in real estate, contributing to her status as one of the wealthiest people in the state.

Philanthropy: Ita-Giwa is deeply involved in advocating for women’s rights and has launched initiatives to support women and children in Cross River State.

Conclusion

Cross River State is home to a number of wealthy individuals who have accumulated vast fortunes through various sectors such as politics, real estate, oil and gas, and entertainment. These top 10 billionaires have not only succeeded in business but also contributed significantly to the development of the state, particularly in the areas of education, healthcare, and infrastructure. Their entrepreneurial spirit and philanthropic efforts continue to make a lasting impact on Cross River State and its people.

As Cross River continues to grow economically, these individuals are likely to remain at the forefront of the state’s development, using their wealth and influence to drive positive change.