Gallery Billionaires.Africa Ranking: The 20 Richest Investors On the Nigerian Stock Exchange (NGX) by Editorial Team July 7, 2021 by Editorial Team July 7, 2021 Share 0FacebookTwitterLinkedinWhatsappEmail 320 #1 Aliko DangoteEquity stake: $8.29 billionAfrica’s wealthiest man, Aliko Dangote, holds both direct and indirect stakes in Dangote Cement Plc, Dangote Sugar Refinery, Nascon Allied Plc and Jaiz Bank.The total market value of his stakes is $8.29 billion (N3.46 trillion). #2 Abdul Samad RabiuEquity stake: $3.41 billionAbdul Samad Rabiu, who founded BUA Group in 1988, owns 92 percent of his flagship company, BUA Cement Plc. His stake in the company is now valued at $3.41 billion (N1.42 trillion). #3 Isiaku RabiuEquity stake: $360.56 millionFather to Nigerian billionaire industrialist Abdul Samad Rabiu, who is the number-two investor featured on this list, Isiaku Rabiu holds a direct stake of 2,072,085,309 ordinary shares in Nigeria’s second-largest cement manufacturer, BUA Cement Plc. His stake is valued at $360.56 million (N150.23 billion). #4 Victor OdiliEquity stake: $322.05 million Victor Odili is a Nigerian shipping mogul and multimillionaire. He holds a substantial stake of 3.96 percent (806,886,900 ordinary shares) in Nigeria’s leading telecom company, MTN Nigeria. His equity stake in the telecom giant is valued at $322.05 million (N134.19 billion) #5 Jim OviaEquity stake: $296.25 million Jim Ovia, the founder of Nigeria’s top tier-1 bank, Zenith Bank Plc, holds 5,072,104,311 ordinary shares in Zenith through both direct and indirect holdings.His stake in the multinational financial service provider is valued at $296.25 million (N123.44 billion). #6 Shravin Bharti MittalEquity stake: $203.75 million Shravin Bharti Mittal, the son of Sunil Bharti Mittal, who founded Bharti Airtel, the parent company of Airtel Africa, holds an indirect stake of 127,147,531 ordinary shares in the pan-African telecom company.His indirect stake in Airtel Africa is worth $203.75 million (N84.90 billion), putting him in the sixth position among the top 20 investors on the Nigerian Stock Exchange. #7 John CoumantarosEquity stake: $188.37 millionJohn Coumantaros is a Greek businessman and the chairman of Nigeria’s food and agro-allied company Flour Mills of Nigeria Plc.The multimillionaire, who inherited 79 percent of the total issued shares of Flour Mills from his father George Coumantaros, has been in charge of running the business since his father passed away in 2016.His direct equity stake of 2,597,314,890 ordinary shares in Flour Mills is valued at $188.37 million (N78.49 billion). #8 Douraid ZaghouaniEquity stake: $136.26 millionDouraid Zaghouani is a non-executive director in Dangote Cement Plc. The renowned civil engineer, who is also a senior executive at Dangote Industries Limited, holds an indirect stake of 243,540,000 ordinary shares in the cement behemoth.His stake in the company is valued at $136.26 million (N56.78 billion), putting him in the eighth spot on the list. #9 Pascal DozieEquity stake: $135.87 million Pascal Dozie is a Nigerian entrepreneur and businessman who founded Diamond Bank Plc. The multimillionaire businessman holds an indirect stake in MTN Nigeria Plc, amounting to 340,409,900 ordinary shares.His stake in MTN is valued at $135.87 million (N56.61 billion). #10 Sani BelloEquity stake: $105.08 millionSani Bello, the founder of Amni International Petroleum Development Co., an oil exploration company with a 50-percent interest in the Okoro Setu Field, ranks number ten on the list.His indirect stake in MTN Nigeria Plc amounts to 265,092,150 ordinary shares and is valued at $105.08 million (N44.09 billion) #11 Austin AvuruCompany: Seplat Petroleum PlcEquity stake: $102.38 million #12 Babatunde FolawiyoCompany: MTN Nigeria PlcEquity stake: $87.33 million #13 Gbenga OyebodeCompany: MTN Nigeria Plc, Okomu Oil PlcEquity stake: $83.71 million #14 Viswanathan ShankarCompany: Dangote Cement PlcEquity stake: $71.93 million #15 Ahmad DasukiCompany: MTN Nigeria PlcEquity stake: $65.89 million #16 A.B.C. OrjiakoCompany: Seplat Petroleum PlcEquity stake: $64.43 million #17 Tony ElumeluCompany: United Bank for Africa, Transcorp PlcEquity stake: $44.42 million #18 Abdulwasiu SowamiCompany: Ardova PlcEquity stake: $36.11 million #19 Herbert WigweCompany: Access Bank PlcEquity stake: $31.77 million #20 Wole OshinCompany: Custodian Investment PlcEquity stake: $22.98 million Africa's richest peopleAfrican BillionairesBillionaires Africa Editorial Team previous story New AngloGold Ashanti CEO Alberto Calderon dispels gold merger rumors next story Stephen Saad’s stake loses $29.31 million as Aspen shares retreat from two-year high You may also like Here Are 10 of The Wealthiest Tycoons in Kenya Who You Most Likely Don’t... October 23, 2021 From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners May 16, 2021 From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian... 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