{"id":65426,"date":"2014-11-16T06:00:09","date_gmt":"2014-11-16T06:00:09","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=65426"},"modified":"2014-11-16T13:44:44","modified_gmt":"2014-11-16T13:44:44","slug":"meet-nigerias-four-newest-billionaires","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/11\/meet-nigerias-four-newest-billionaires\/","title":{"rendered":"Meet Nigeria\u2019s four newest billionaires"},"content":{"rendered":"
Nigeria has four new billionaires, according to wealth research done by Ventures Africa. This brings the total number of Nigerians represented on the list to 23, giving Nigeria the largest concentration of billionaires in Africa.<\/p>\n
The full list of Africa\u2019s 55 wealthiest people can be found at richlist.ventures-africa.com<\/strong>.<\/p>\n Cletus Ibeto ($3.7 billion), founder of multi-faceted Ibeto Group; Benedict Peters ($2.7 billion), an oil magnate; Tony Elumelu ($1.6 billion), a serial investor and philanthropist; and Canada-based oil trader Akanimo Udofia ($1 billion), are the new faces on the Ventures Africa Rich List.<\/p>\n A grass to grace billionaire, Cletus Ibeto,<\/strong> grew from an apprentice in a spare parts shop to the owner of the largest conglomerate in Eastern Nigeria. His debut as the 11th<\/sup> richest person sees him ranked higher than popular Nigerian billionaires like Jim Ovia and Oba Otudeko.<\/p>\n <\/a><\/p>\n Nothing announces the arrival of Benedict Peters<\/strong> like his $2.56 billion acquisition of a prolific oil block from Shell Nigeria, except, of course, his first ever ranking on the Ventures Africa\u2019s Rich List. After decades of labouring in the oil and gas business, Benedict Peters is now reaping the fruits of his labour.<\/p>\n His Aiteo group is one of the fastest growing local players in Nigeria\u2019s upstream and downstream oil sectors.<\/p>\n <\/a><\/p>\n Although Tony Elumelu<\/strong> is just entering the billionaires club, he has been a major player in Nigeria\u2019s financial industry. A serial investor and businessman, Tony is the chairman of UBA Group, one of Africa\u2019s most successful banks; Heirs Holdings, an investment company; and Transnational Corporation (TRANSCORP Plc), a conglomerate with investments in hospitality, oil, agriculture, and logistics.<\/p>\n