The country Nigeria is rich. It is blessed with both human and natural resources. Above all, it is a country with some of the fastest-growing billionaires in the world. The youngest and richest youths in Nigeria have not only achieved financial success but have also made significant contributions to the economic growth of the country cutting across businesses, entertainment and the technological sector.
Despite raging challenges such as economic instability and political turmoil, these young billionaires have managed to create thriving businesses and solidify their positions as leaders in Africa’s business community. While the likes of Obiozor of Kobo360 and the Dozie brothers make our list of the top 20 young billionaires in Nigeria, here are details of the top ten of Nigeria’s youngest and richest billionaires.
Igho Sanomi Is the Richest Youth in Nigeria
Net Worth: $ 1 billion (about ₦460,340,000,000)
Age: 53 Years Old
Sources of Income: Oil, power, logistics, telecommunications, Marine, aviation, real estate
Company: Taleveras Group
Igho Charles Sanomi is a geologist and public speaker with strong business interest in oil, power, logistics, telecommunications, aviation, real estate, and the maritime industry. Son of a retired Assistant Inspector General of Police, Sanomi was born and raised in Agbor, Delta State, on 17 May 1975 and he is the fifth child of his parent.
He is the founder of Taleveras, a $2 billion-worth international commodities trading company based in Nigeria (Abuja) and Dubai with additional offices spread across West Africa, Europe and Asia. He became fascinated with the oil industry while in his final year at the University of Jos, Plateau state.
He handled a couple of structured deals for local oil companies after which he went into a long-term venture with Masefield. After having practical knowledge about oil business, Sanomi was ready to establish his own company and handle oil-related contracts himself. With the little saving he had, alongside his savings from the profit share he had earned from joint venture transactions, Sanomi put together a small team and opened his first business called Sarian Oil.
With Sarian oil, Sanomi built his business on the back of third-party contracts a few years later, his company became the preferred supplier of fuel oil feedstock to major USA refiners. At the age of 28, he merged various segments of his trading business and renamed the company Taleveras. In its prime, Sanomi’s oil trading company transported over 170 million barrels of crude and oil products annually. Today, it is considered one of the largest independent energy traders in Africa.
Sanomi has traditionally stayed away from the media spotlight but amid his silence, he has received numerous awards both locally in internationally. He was even cited by Forbes as one of the “Ten Young African Millionaires To Watch in 2013. He and his siblings are the founders of the Dickens Sanomi Foundation – a non-governmental organization focused on alleviating socio-economic hardship across Nigeria.
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Source: Buzz Nigeria
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