Top 10 Richest Men In Delta State In 2025
Delta State, located in Nigeria’s oil-rich South-South region, has long been a powerhouse in the nation's economic landscape. Known for its bountiful natural resources and strategic position in the petroleum industry, Delta State is also home to some of the wealthiest and most influential business figures in Nigeria. These men have built vast fortunes across diverse sectors, ranging from oil and gas to banking, telecommunications, and real estate. In this blog post, we explore the lives, careers, and contributions of the Top 10 Richest Men in Delta State as of 2025.
1. Benedict Peters – The Oil & Gas Mogul
Net Worth: $2 Billion
Industry: Oil and Gas
Benedict Peters is a name that resonates with the success story of indigenous entrepreneurship in Nigeria’s oil sector. As the founder and CEO of Aiteo Group, one of the largest indigenous oil and gas companies in Nigeria, Peters has played a pivotal role in reshaping the country’s energy landscape. Established in 2008, Aiteo Group quickly emerged as a significant player in the exploration and production space, leveraging local expertise to secure valuable oil blocks and make major inroads in production.
Peters’ journey from a determined entrepreneur to one of the wealthiest men in Delta State exemplifies how strategic vision, innovative practices, and a deep understanding of the local oil sector can yield astronomical success. Beyond his business pursuits, he is also known for his philanthropic initiatives, which focus on education and sports development across Nigeria. His contributions to community empowerment and job creation have made him a respected figure not only in Delta State but across the nation.
2. Tony Elumelu – The Banking & Investment Icon
Net Worth: $1.5 Billion
Industry: Banking, Investments
Tony Elumelu’s remarkable journey in the world of finance and investments has earned him a reputation as one of Africa’s most influential entrepreneurs. Although his operations span the continent, his deep ties to Delta State and his continued investment in the region have bolstered his status as one of the richest men in the state. As chairman of Heirs Holdings and a key figure behind the United Bank for Africa (UBA) and Transcorp, Elumelu’s influence in the financial sector is undeniable.
Elumelu is widely celebrated for his transformative role in the banking sector, especially after orchestrating the acquisition and subsequent expansion of UBA into a pan-African financial powerhouse. Beyond his banking ventures, he has made significant strides in supporting entrepreneurship through the Tony Elumelu Foundation, which empowers young African entrepreneurs with mentorship and funding. His philanthropic efforts have spurred job creation and economic development, making him a beacon of hope and progress in Delta State and beyond.
3. Jim Ovia – The Banking and Telecommunications Pioneer
Net Worth: $980 Million
Industry: Banking, Telecommunications
Jim Ovia is a trailblazer whose impact on Nigeria’s banking and telecommunications sectors cannot be overstated. As the founder of Zenith Bank, one of Nigeria's leading financial institutions, Ovia built his empire from the ground up. His visionary approach transformed Zenith Bank from a modest local bank into a multinational financial services provider with a robust presence across Africa.
In addition to his achievements in banking, Ovia has diversified his interests into telecommunications, further bolstering his wealth portfolio. His investments have helped drive the digital transformation of Nigeria, enabling better connectivity and communication services throughout the country. Committed to social causes, Ovia is also a champion of educational initiatives, contributing significantly to the development of Nigeria’s educational infrastructure.
4. Igho Sanomi – The Energy Tycoon
Net Worth: $900 Million
Industry: Oil and Gas, Energy
Igho Sanomi, the founder and CEO of Taleveras Group, has established himself as one of the leading figures in Nigeria’s energy sector. Taleveras Group operates in various segments of the energy value chain, including oil and gas exploration, production, trading, and power generation. Sanomi’s business acumen and relentless pursuit of excellence have positioned his company as a key player in the global energy market.
Sanomi’s net worth, estimated at $900 million, is a testament to his strategic investments and risk-taking in a sector known for its volatility. Beyond building his wealth, Sanomi is also recognized for his philanthropic activities. Through the Dickens Sanomi Foundation, he has contributed to health, education, and community development initiatives across Delta State, making a significant impact on the lives of many Nigerians.
5. Prince Ned Nwoko – The Multifaceted Businessman
Net Worth: $700 Million
Industry: Law, Politics, Real Estate, and Tourism
Prince Ned Nwoko is a polymath whose ventures span various industries. A lawyer, politician, and businessman, Nwoko has leveraged his diverse expertise to build a substantial fortune. His investments in real estate, tourism, and agriculture have played a crucial role in diversifying his portfolio and ensuring steady growth over the years.
Having served as a member of the Nigerian House of Representatives between 1999 and 2003, Nwoko has also made his mark in the political arena. His deep involvement in legislative processes and public policy has further enhanced his stature as one of Delta State’s most influential figures. A committed philanthropist, Nwoko has been actively involved in initiatives aimed at eradicating malaria in Africa, underscoring his dedication to social causes.
6. Ayiri Emami – The Oil & Gas Veteran and Cultural Leader
Net Worth: $500 Million
Industry: Oil and Gas
Ayiri Emami is a prominent figure in Delta State, known for his extensive investments in the oil and gas sector. A traditional chief of the Itsekiri people, Emami’s influence extends beyond business; he is also deeply involved in cultural and community development initiatives. His business ventures in the oil sector have earned him a net worth of around $500 million, making him one of the key players in Delta’s economic landscape.
Emami’s contributions to the development of Delta State are multifaceted. Not only has he built a successful business empire, but he has also used his wealth to support cultural preservation and community empowerment projects. His philanthropic efforts have significantly improved the lives of many residents in Delta State, solidifying his legacy as a leader who cares deeply about his community.
Conclusion
The wealth and influence of these individuals underscore the dynamic economic environment of Delta State. Their achievements span various industries—from oil and gas to banking, real estate, transportation, and fintech—each contributing significantly to the growth and development of the region. These tycoons have not only amassed considerable fortunes but have also played a critical role in shaping Nigeria’s economic narrative.
Their success stories serve as both inspiration and a roadmap for aspiring entrepreneurs, policymakers, and investors who are keen to tap into the vast potential of Delta State and beyond.
