Top 10 Richest Men In Rivers State And Their Contributions To Economic Growth
Rivers State, located in the oil-rich Niger Delta region of Nigeria, is one of the wealthiest states in the country due to its vast natural resources, particularly in oil and gas. Over the years, the state has produced some of Nigeria’s most influential and affluent individuals, who have accumulated wealth from various industries such as oil and gas, banking, politics, business, and law. These individuals not only amassed vast fortunes but also contributed significantly to the economic and social development of Rivers State.
In this blog post, we explore the top 10 richest men in Rivers State, their sources of wealth, and how they have impacted the state’s economy.
1. Chief (Barr.) Dumo Lulu-Briggs
Chief Dumo Lulu-Briggs is a legal expert, businessman, and politician. As the son of the late High Chief O.B. Lulu-Briggs, a renowned oil magnate, Dumo inherited substantial wealth and successfully expanded his family's business empire.
He is the Chairman and CEO of DLB Group, a conglomerate with interests in oil and gas, marine services, and real estate. His influence extends into politics, where he has played a significant role in governance. As a philanthropist, he has initiated numerous community projects, including scholarships and healthcare programs for indigent residents of Rivers State.
2. Herbert Wigwe
The late Herbert Wigwe was an outstanding banker, entrepreneur, and financial expert. He served as the CEO of Access Bank, one of Nigeria's largest financial institutions. His strategic vision helped Access Bank expand both locally and internationally.
Before his untimely passing in February 2024 in a helicopter crash, Wigwe had amassed significant wealth from banking and investments. His legacy lives on through his contributions to financial development in Rivers State and Nigeria as a whole. He was also a strong advocate for education and social responsibility initiatives, supporting various charitable causes.
3. Tonye Cole
Tonye Cole is a co-founder and former Executive Director of Sahara Group, a leading energy and infrastructure conglomerate with a presence in several African countries. His success in the oil and gas industry has made him one of the wealthiest men in Rivers State.
Apart from his business pursuits, Cole is also active in politics and philanthropy, particularly in education and youth empowerment. His impact is felt through various mentorship programs and scholarships, helping to groom young entrepreneurs and future business leaders in the state.
4. Atedo Peterside
Atedo Peterside is a well-respected economist and investment banker. He is the founder of Stanbic IBTC Bank, a leading financial institution in Nigeria. His expertise in banking and economic policies has played a crucial role in shaping Nigeria’s financial sector.
Peterside is also known for his contributions to economic reforms, financial policies, and national development. Beyond business, he has invested heavily in philanthropic activities, particularly in education, providing scholarships and mentorship programs for young Nigerians.
5. Tein Jack-Rich
Tein Jack-Rich is the founder and president of Belemaoil Producing Limited, an indigenous oil company that emerged from the oil-producing communities of the Niger Delta. His company was the first to be fully owned by members of the local community, creating wealth and employment for many.
Jack-Rich is also recognized for his humanitarian efforts, particularly in providing clean water, healthcare, and educational opportunities for underprivileged communities. His philanthropic work has greatly benefited the people of Rivers State, making him one of the most respected entrepreneurs in the region.
6. Nyesom Wike
Nyesom Wike is a politician, lawyer, and former Governor of Rivers State (2015-2023). He has held multiple political positions, including Minister of State for Education and Minister of the Federal Capital Territory (FCT).
His wealth comes from politics, real estate investments, and business ventures. As governor, Wike oversaw extensive infrastructural development projects in Rivers State, including roads, bridges, and urban renewal programs. His leadership significantly contributed to improving the state’s economy and investment climate.
7. Rotimi Amaechi
Rotimi Amaechi is another prominent political figure from Rivers State. He served as the Governor of Rivers State (2007-2015) and later as Nigeria’s Minister of Transportation.
Amaechi’s wealth comes from politics, business, and investments in logistics and real estate. His tenure as Minister of Transportation was marked by major developments in Nigeria’s railway infrastructure, enhancing trade and commerce. Amaechi’s influence in Nigerian politics remains strong, making him one of the wealthiest and most influential men in Rivers State.
8. King Edward Asimini William Dappa Pepple III
King Edward Asimini William Dappa Pepple III is the traditional ruler of the oil-rich Bonny Kingdom in Rivers State. As the Amanyanabo of Bonny, he plays a crucial role in the management of resources and wealth distribution within his kingdom.
His influence extends into the oil and gas sector, where he has secured economic development initiatives for his people. King Pepple III has also been instrumental in promoting peace and stability in Bonny, ensuring that the region remains a key player in Nigeria’s oil exports.
9. George Etomi
George Etomi is a renowned lawyer and business magnate. He is the founder of George Etomi & Partners, a top-tier commercial law firm in Nigeria. His legal expertise spans various sectors, including banking, energy, telecommunications, and corporate law.
Etomi has accumulated wealth from his legal practice, corporate advisory roles, and business investments. He also serves as a director of Eko Electricity Distribution Company, further diversifying his financial portfolio. His contributions to Nigeria’s legal and business landscape have solidified his place as one of the wealthiest individuals in Rivers State.
10. Tein George
Tein George is a successful entrepreneur and the owner of George’s Hotel, one of Nigeria’s most luxurious hotels, located in Ikoyi, Lagos. His business interests also extend into engineering, construction, and real estate.
He chairs several companies, including Seametric Engineering and Daba & Orlando Foundation, which focus on infrastructure development and community support. His investments in hospitality and engineering have made him one of the most successful businessmen in Rivers State.
Conclusion
Rivers State is home to some of Nigeria’s most influential and wealthiest individuals, whose contributions span business, politics, banking, oil and gas, law, and traditional leadership. These men have not only built vast financial empires but also created jobs, supported education, and enhanced economic development within the state.
Their achievements serve as an inspiration to young entrepreneurs and business-minded individuals who aspire to succeed in their respective fields. With strategic investments, innovation, and strong leadership, these men have shaped Rivers State into a major economic hub in Nigeria.
As Rivers State continues to grow, these influential figures will remain key players in its economic and social landscape, ensuring sustained development and prosperity for future generations.
