Nigeria's Youngest Billionaires: A New Generation of Wealth
In 2026, Nigeria boasts a dynamic roster of youngest billionaires, with net worths spanning from ₦2.1 billion ($1.5 million) to an astounding ₦8.9 trillion ($6 billion). This list highlights self-made entrepreneurs and inheritors who have made their mark in diverse sectors, including technology, oil, media, and real estate. From tech innovators like Mark Essien and Iyinoluwa Aboyeji to entertainment powerhouses such as Linda Ikeji and Jason Njoku, these individuals represent the cutting edge of Nigerian business success.
Key Takeaways from the List
The richest young billionaires in Nigeria are predominantly self-made, with notable figures in media, tech, and oil. Ladi Delano, Mark Essien, Linda Ikeji, and Jason Njoku stand out for their entrepreneurial achievements. The wealthiest among them is Iyinoluwa Aboyeji, a techpreneur whose net worth is estimated between ₦1.4 trillion and ₦8.9 trillion ($1 billion to $6 billion). Remarkably, the youngest person on this list is Muhammed Awal Mustapha, also known as Mompha Junior, alleged to have a net worth of ₦21.7 billion ($15 million) at just 12 years old.
Detailed Profiles of the Top Young Billionaires
Here is an expanded look at the individuals who make up Nigeria's youngest billionaires, based on recorded net worth estimates from sources like BusinessDay NG, Forbes, and Business Daily Africa. Note that these figures may fluctuate due to market changes or new business ventures.
- Iyinoluwa Aboyeji – At 34 years old, Aboyeji leads with a net worth of ₦1.4 trillion to ₦8.9 trillion ($1 billion to $6 billion). He is renowned for co-founding Andela and Flutterwave, key players in Africa's tech ecosystem, and now heads TN Macaulay and Medplus Pharmacy Limited.
- Igho Sanomi – Aged 50, Sanomi has a net worth of ₦1.4 trillion to ₦1.8 trillion ($1 billion to $1.3 billion). As the founder of Taleveras Group, he has built a conglomerate with interests in oil, gas, real estate, and telecommunications.
- Obinna Iyiegbu (Obi Cubana) – At 50 years old, his net worth ranges from ₦725 billion to ₦1.4 trillion ($500 million to $1 billion). Starting as an estate agent, he now oversees the Cubana Group, which includes nightclubs, hotels, and ventures like Odogwu Bitters.
- Ladi Delano – Aged 43, Delano's net worth is ₦725 billion ($500 million). He is the founder of Moove Africa, a fintech and transport startup that has secured significant funding and partnerships, such as with Uber.
- Mark Essien – At 41 years old, Essien's net worth is ₦725 billion ($500 million). He founded Hotels.ng and has expanded into ventures like Fly.africa and HNG Internships, focusing on tech and hospitality.
- Joseph Eze Okafor (Jowi Zaza) – Aged 41, his net worth is ₦108.2 billion ($74.6 million). Inheriting Jezco Oil from his father, he has grown the company and is known for his luxury car collection.
- Sijibomi Ogundele – At 44 years old, Ogundele's net worth is ₦71 billion ($50 million). As CEO of Sujimoto Construction, he specializes in luxury real estate developments across Lagos, Dubai, and Riyadh.
- Linda Ikeji – Aged 45, her net worth ranges from ₦43.5 billion to ₦58 billion ($30 million to $40 million). From blogging to film production, she has built a media empire that includes Linda Ikeji TV and recent Netflix releases.
- Jason Njoku – At 45 years old, Njoku's net worth is ₦43.5 billion ($30 million). He co-founded iROKOtv, pioneering digital streaming for Nollywood, and manages a diversified portfolio through Njokuzilla.
- Muhammed Awal Mustapha (Mompha Junior) – The youngest at 12 years old, his alleged net worth is ₦21.7 billion ($15 million). As a social media influencer, he enjoys a lavish lifestyle with mansions and supercars.
- Seyi Tinubu – Aged 40, his net worth is ₦2.1 billion ($1.5 million). CEO of Loatsad Promo Media Ltd., he has a background in law and digital advertising, with ties to his father, Bola Ahmed Tinubu.
Who is the Youngest Billionaire in Nigeria?
Muhammed Awal Mustapha, at 12 years old, is regarded as the youngest billionaire in Nigeria. His wealth, derived from social media influencing, supports a lifestyle of private jets, designer clothes, and multiple properties. In contrast, figures like Peller lack verified documentation of their net worth, with estimates suggesting lower figures in the billions of naira.
Conclusion: A Diverse Portfolio of Success
This list of Nigeria's youngest billionaires showcases a broad spectrum of industries and backgrounds. While some, like Joseph Eze Okafor, have inherited family businesses, many are self-made entrepreneurs who have scaled their ventures to multi-million and billion-dollar levels. Their stories highlight the potential for innovation and growth in Nigeria's economy, from tech startups to traditional sectors like oil and media. As these individuals continue to evolve, their net worths may shift, reflecting the dynamic nature of business in the region.
