Igbo Billionaires In Nigeria 2025: Top 7 Richest Men, Their Net Worth, And Investment Portfolio
The Igbo people of Nigeria are well known for their entrepreneurial excellence and business acumen, dominating key sectors like oil and gas, banking, manufacturing, and real estate. Over the years, several Igbo businessmen have amassed great fortunes through strategic investments and sheer determination.
In 2025, these seven men stand out as the richest Igbo billionaires, shaping Nigeria’s economy and leaving lasting legacies. Let’s take a closer look at their net worth, business empires, and investment portfolios.
1. Arthur Eze – The Oil & Gas Magnate
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Net Worth: $5.8 billion
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Age: 67
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State of Origin: Anambra
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Industry: Oil & Gas, Telecommunications, Aviation
Arthur Eze, often called the “Prince of Africa”, is the wealthiest Igbo businessman in 2025. As the founder and chairman of Atlas Oranto Petroleum, he oversees one of the largest privately-owned oil companies in Africa. With over 22 oil blocks across Nigeria, Ghana, and other African nations, Eze’s influence in the oil sector is undeniable.
Beyond oil, he has investments in telecommunications, aviation, and banking, and is a notable philanthropist. His multimillion-dollar donations to education, healthcare, and community development have impacted countless lives.
2. Cletus Ibeto – The Industrialist
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Net Worth: $3.8 billion
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Age: 72
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State of Origin: Anambra
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Industry: Manufacturing, Petrochemicals, Real Estate
Cletus Ibeto made his fortune in manufacturing and industrialization. As the founder of Ibeto Group, he has built a business empire spanning cement production, automotive spare parts, petrochemicals, and hospitality.
His cement business competes with global giants like Dangote Cement, and his petrochemical ventures play a crucial role in Nigeria’s energy sector. Beyond manufacturing, Ibeto’s investments in luxury hotels and commercial properties have solidified his position as a key player in Nigeria’s real estate market.
3. Benedict Peters – The Energy Tycoon
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Net Worth: $3.3 billion
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Age: 58
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State of Origin: Ebonyi
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Industry: Oil & Gas, Energy, Agriculture
Benedict Peters is one of the most influential figures in Nigeria’s oil and energy sector. As the founder and CEO of Aiteo Group, he has built an empire that spans oil exploration, petroleum trading, and power generation.
His company is a major supplier of crude oil and refined petroleum products across West Africa. Peters has also diversified into renewable energy and agribusiness, contributing to Nigeria’s sustainability and food security initiatives.
4. Emeka Offor – The Silent Billionaire
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Net Worth: $2.9 billion
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Age: 68
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State of Origin: Anambra
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Industry: Oil & Gas, Power, Telecommunications
Emeka Offor is a businessman who prefers to stay out of the limelight, but his wealth and influence speak volumes. As the chairman of Chrome Group, his investments in oil, power generation, and telecommunications have made him one of Nigeria’s most successful entrepreneurs.
He has played a crucial role in Nigeria’s electricity sector, helping improve power supply across the country. His philanthropic efforts, through the Sir Emeka Offor Foundation, focus on education, healthcare, and poverty alleviation.
5. Tony Elumelu – The Banking & Investment Guru
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Net Worth: $1.4 billion
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Age: 62
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State of Origin: Delta
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Industry: Banking, Investments, Energy
Tony Elumelu is a renowned banker, investor, and philanthropist. He is the chairman of Heirs Holdings, United Bank for Africa (UBA), and Transcorp, making him one of Africa’s most powerful businessmen.
He played a key role in the transformation of Standard Trust Bank, which later merged with UBA, creating one of Africa’s largest financial institutions. His investments in energy, hospitality, and agriculture continue to expand his fortune. Through the Tony Elumelu Foundation, he has committed millions of dollars to empower young African entrepreneurs.
6. Ifeanyi Ubah – The Oil & Transportation Mogul
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Net Worth: $1.7 billion
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Age: 54
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State of Origin: Anambra
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Industry: Oil & Gas, Transportation, Sports
Ifeanyi Ubah is a business mogul, politician, and sports enthusiast. He is the CEO of Capital Oil and Gas, a dominant force in Nigeria’s downstream petroleum sector. His company supplies fuel to major cities and industries, making him a key player in Nigeria’s energy supply chain.
Outside oil and gas, he owns Ifeanyi Ubah F.C., a football club in Nigeria’s premier league. Ubah has also served as a senator representing Anambra South Senatorial District, using his influence to drive development in the region.
7. Allen Onyema – The Aviation King
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Net Worth: $3.0 billion
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Age: 61
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State of Origin: Anambra
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Industry: Aviation, Legal Services
Allen Onyema is Nigeria’s leading aviation entrepreneur. As the founder and CEO of Air Peace, he has revolutionized the country’s airline industry, making affordable air travel accessible to millions.
Under his leadership, Air Peace has grown into Nigeria’s largest airline, with an expanding fleet that services domestic and international routes. Onyema has also been involved in humanitarian efforts, using his airline to evacuate stranded Nigerians from crisis zones worldwide.
Investment Portfolios & Economic Impact
These billionaires have built vast business empires that contribute significantly to Nigeria’s economic growth. Here’s how their investments shape the country:
1. Oil & Gas:
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Arthur Eze, Benedict Peters, and Emeka Offor control a large portion of Nigeria’s oil production.
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Their companies provide employment and drive energy security across the continent.
2. Manufacturing & Industrialization:
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Cletus Ibeto’s cement and petrochemical industries contribute to local production, reducing dependence on imports.
3. Banking & Finance:
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Tony Elumelu’s leadership in UBA has expanded banking services across Africa.
4. Aviation & Transportation:
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Allen Onyema’s Air Peace has revolutionized air travel in Nigeria, while Ifeanyi Ubah’s investments in transportation keep businesses moving.
5. Media & Telecommunications:
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Arthur Eze and Emeka Offor’s telecom investments have expanded digital access in Nigeria.
Philanthropy & Social Impact
Beyond wealth, these billionaires are committed to giving back to society through scholarships, healthcare projects, and community development programs.
Notable contributions include:
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Arthur Eze’s multimillion-dollar donations to schools and hospitals.
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Sir Emeka Offor Foundation’s investment in education and healthcare.
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Tony Elumelu’s $100 million initiative for African entrepreneurs.
Final Thoughts
The Igbo people’s entrepreneurial spirit is evident in these billionaires, who have built business empires, created jobs, and driven economic growth in Nigeria and beyond.
From oil magnates to aviation kings, these men have proven that hard work, innovation, and strategic investmentslead to success.
Who is your favorite Igbo billionaire? Let us know in the comments!
