Nigeria, a land with a rich tapestry of history, is home to families whose wealth transcends generations. Whether through traditional inheritances or ancestral business endeavors predating contemporary wealth acquisition methods, these families have amassed fortunes that now extend to their descendants.
Aliko Dangote
At the forefront of Nigeria’s old-money families is the Aliko Dangote family, headed by the iconic Aliko Dangote, Africa’s wealthiest man with a staggering net worth of $12.6 billion. While the public is familiar with Aliko Dangote himself, little is known about his family.
Within this family is Fatima Dangote, the billionaire’s daughter, born to him by Zainab, a renowned businesswoman in Kano. Fatima has carved her own path in the business world, serving as the Director & Executive-Director Commercial at NASCON Allied Industries Plc. She’s also a member of the Nigerian Bar Association and holds key positions in various companies.
The Dangote family’s opulence is showcased in their impressive car collection, featuring luxurious vehicles such as the Maybach 57S Knight Luxury, Mercedes-Benz CL65 AMG, Bugatti Veyron, Bentley Mulsanne, and Toyota Landcruiser Prado.
Mike Adenuga
Another prominent figure in Nigeria’s affluent landscape is Mike Adenuga, the Yoruba tycoon known for owning Globacom and Conoil Producing. His family includes Oyin Adenuga, his eldest daughter, who has made significant strides in the business world. Working at Equatorial Trust Bank and later as an Executive Director at Consolidated Oil, Oyin now runs Imaginative Buying Services. Mike Adenuga’s youngest daughter, Sade Adenuga, has pursued a legal career in the United States.
The Adenuga family’s car collection is nothing short of spectacular, boasting an Armoured Bentley Mulsanne, Mercedes Maybach S-Class, Mercedes-Benz AMG G63, Rolls-Royce Phantom, and not one, but two private jets.
Femi Otedola
Femi Otedola, the founder of Zenon Petroleum and Gas Ltd and former chairman of Forte Oil, presides over another wealthy Nigerian family. With three daughters and a son, Otedola’s family exudes prosperity.
DJ Cuppy, the eldest daughter, commands a net worth of ₦700 million and possesses a car collection that includes a 2019 Ferrari Portofino, Rolls Royce Phantom VIII, Mercedes Benz G-wagon, among others. Temi Otedola, the youngest daughter, boasts a net worth of $2 million and owns a Ferrari Portofina and a Range Rover Evoque.
The family’s fleet of cars includes a Mercedes-Benz AMG G63, Mercedes G-Wagon, Mercedes SLR McLaren, Rolls-Royce Phantom, BMW 6 Series, and not to forget, a private jet and yacht.
Tony Elumelu
The Elumelu family, led by patriarch Tony Elumelu, thrives in Nigeria’s upper echelons of wealth. As the executive of Heirs Holdings, Chairman of UBA Groups, Chairman of Transcrop, and the founder of the Tony Elumelu Foundation, Tony Elumelu has left an indelible mark on the business landscape.
His daughters, Oge and Nneka Elumelu, actively participate in the family’s enterprises. Their car collection includes a Range Rover Sports, Mercedes Benz S-Class, and BMW M3.
Mo Abudu
Mo Abudu, a formidable media tycoon, has created an entertainment empire through EbonyLife Television and EbonyLife Films. Her daughter, Temidayo Abudu, follows in her mother’s footsteps, contributing to the success of EbonyLife as a producer.
While details about the family’s car collection remain scarce, Mo Abudu is known to own a Rolls-Royce, Mercedes-Benz SUV, and Mercedes-Benz S-Class.
Willie Anumudu
The late Willie Anumudu, popularly known as “Eze Ikoyi,” spearheaded the Anumudu family’s ascent into wealth. Before his passing, he chaired Globe motors, leaving a legacy that his daughter, Ozinna Anumudu, continues.
Ozinna, the lead consultant and founder of The Style Concierge, has made a name for herself in the fashion industry. The family’s wealth allows them to afford luxury cars like the Rolls-Royce Phantom, Range Rover Sport, Mercedes-Benz G-Wagon, and Lexus GX470.
Deola Sagoe
Deola Sagoe, a renowned fashion designer, stands at the helm of another affluent Nigerian family. Her three daughters, Teni, Aba, and Tiwa Sagoe, have embraced the family’s fashion legacy by establishing the ready-to-wear fashion brand CLAN.
While specifics about their car collection remain undisclosed, the family’s estimated net worth suggests they can afford high-end vehicles like the Range Rover Velar, Toyota Land Cruiser 70th Anniversary, Bentley Continental, and Mercedes S-class.
Kuburat Shokunbi
Kuburat Shokunbi, a prominent fabric merchant, has accumulated significant wealth through her fabric business. Her daughter, Tosin Shokunbi, has joined the family business known as Kubis.
While details about the family’s cars are not readily available, their wealth implies they could indulge in vehicles like the Range Rover Velar, Mercedes-Benz S-Class, 2022 Lexus GX470, and 2022 Toyota Highlander.
Morufat Kalejaiye
Morufat Kalejaiye, another fabric mogul, operates the popular Morkals Fabric business. Alongside her daughter, Joke Kalejaiye, they have built a thriving enterprise.
While their car collection remains a mystery, their wealth suggests they could afford cars like the 2022 Range Rover Evoque, 2022 Lexus GX470, and 2022 Toyota Land Cruiser 70th Anniversary.
Yemi Osinbajo
Yemi Osinbajo, the current Nigerian Vice President, has garnered wealth through his political engagements. His daughter, Kiki Osibanjo, is a beauty entrepreneur and the CEO of Glam’d Africa Beauty House and Konyin Skincare products.
The family’s car collection includes the luxurious Mercedes-Benz S-Class S550.
Conclusion
The families mentioned above represent the old-money aristocracy of Nigeria, with fortunes passed down through generations or earned through astute business acumen. While they may not flaunt their opulence on social media, the enduring wealth in these families has stood the test of time. Each family’s unique story, coupled with their impressive car collections, showcases the diverse pathways to prosperity in the dynamic landscape of Nigeria’s economic history.
