Anambra State is widely regarded as one of Nigeria’s most economically vibrant states. Located in the southeastern region of the country, Anambra has a strong reputation for commerce, manufacturing, entrepreneurship, and industrialization. Cities like Onitsha and Nnewi are known across West Africa for their massive markets and thriving industries.
It is no surprise then that Anambra has produced some of Nigeria’s wealthiest and most influential businessmen. These self-made billionaires have built empires that span sectors such as oil and gas, real estate, manufacturing, banking, telecommunications, and automotive industries. Their business ventures not only power Anambra’s economy but also have a significant impact on Nigeria’s national development.
In this article, we present the top 10 richest men in Anambra State in 2025, highlighting their business achievements, estimated net worth, and the sectors that made them billionaires.
Anambra State: The Hub of Indigenous Wealth Creation
Anambra State is not just rich in culture and tradition—it is a thriving economic zone. The state's internally generated revenue has been increasing steadily due to its entrepreneurial population and diverse economic activities. With a GDP of over ₦5.1 trillion and an impressive per capita income, the state continues to lead the southeastern region in economic performance.
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Onitsha hosts one of the largest markets in West Africa, making it a trade mecca for wholesalers and retailers from across Nigeria and neighboring countries.
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Nnewi, often referred to as the "Japan of Africa," is famous for its cluster of indigenous manufacturers and its auto-parts industry.
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The Anambra Basin is rich in oil and gas, and several indigenous companies are tapping into this potential, contributing to the rise of local billionaires.
The Top 10 Richest Men in Anambra State in 2025
Below are the leading billionaires from Anambra State who have made their mark across various industries:
1. Ifeanyi Ubah – $1.5 Billion
Industry: Oil & Gas, Media, Transportation
Ifeanyi Ubah is the founder of Capital Oil and Gas, one of the largest oil marketing companies in Nigeria. Beyond oil, he owns a media outfit and is a stakeholder in Nigerian football, owning FC Ifeanyi Ubah. His influence stretches into politics as well, making him one of Anambra’s most visible public figures.
2. Cletus Ibeto – $1.2 Billion
Industry: Manufacturing, Cement, Real Estate
Cletus Ibeto is a household name in Nigeria’s manufacturing sector. The Ibeto Group has interests in cement, automotive parts, and chemicals. With several factories and distribution networks across Nigeria and West Africa, he has established himself as a titan in indigenous manufacturing.
3. Emeka Offor – $800 Million
Industry: Oil & Gas, Engineering
Emeka Offor built his wealth through The Chrome Group, a diversified conglomerate involved in oil services, engineering, and logistics. He has played a major role in Nigeria’s energy and infrastructure sectors, earning contracts with major oil corporations and governments.
4. Innocent Chukwuma – $700 Million
Industry: Automotive Manufacturing
Innocent Chukwuma is the founder of Innoson Vehicle Manufacturing (IVM)—Nigeria’s first indigenous automobile manufacturer. Located in Nnewi, IVM produces cars, buses, and trucks tailored to local conditions. His innovation has earned him both national and international recognition.
5. Arthur Eze – $600 Million
Industry: Oil & Gas
Arthur Eze is the founder of Oranto Petroleum, which owns oil blocks in Nigeria and several African countries. He is known for his extensive philanthropic work and political influence. Arthur Eze maintains a relatively low profile but remains one of the wealthiest figures from Anambra.
6. Obi of Onitsha (Nnaemeka Alfred Achebe) – $500 Million
Industry: Real Estate, Hospitality, Oil & Gas
As a traditional ruler and businessman, the Obi of Onitsha has investments in high-value real estate and hospitality ventures. His influence in both traditional leadership and business makes him a powerful figure in Anambra’s economy.
7. Cosmas Maduka – $400 Million
Industry: Automotive, Agriculture, ICT
Cosmas Maduka is the founder of Coscharis Group, a conglomerate that deals in auto distribution, ICT, and agriculture. Known for his rags-to-riches story, Maduka is an inspirational figure in Nigerian entrepreneurship. Coscharis is the authorized dealer of BMW and Ford in Nigeria.
8. Pascal Dozie – $350 Million
Industry: Banking, Telecommunications
Pascal Dozie is a pioneer in Nigeria’s banking industry. He founded Diamond Bank, which later merged with Access Bank. He was also an early investor in MTN Nigeria, earning substantial returns when the company went public. Dozie remains a key influencer in Nigeria’s financial sector.
9. Ugochukwu Opara – $300 Million
Industry: Real Estate, Construction
Opara made his fortune through smart investments in property and construction. With estates in major cities like Lagos, Abuja, and Onitsha, his company is known for building luxury apartments, shopping complexes, and office towers that meet international standards.
10. Tony Ezenna – $250 Million
Industry: Pharmaceuticals, FMCG
Tony Ezenna is the founder of Orange Drugs Limited, a major player in Nigeria’s pharmaceutical and consumer goods sectors. His company distributes quality medicines, cosmetics, and household products across West Africa, positioning him as a leader in the FMCG space.
The Impact of These Billionaires on Anambra and Nigeria
The contributions of these billionaires extend far beyond their personal fortunes. Their companies employ thousands of Nigerians, support local industries, and provide mentorship for upcoming entrepreneurs. Many of them also engage in philanthropy—supporting education, healthcare, and youth development across the state.
Their stories serve as inspiration for a new generation of business leaders who aspire to succeed through hard work, innovation, and strategic investment.
Final Thoughts
Anambra State has firmly established itself as a cradle of entrepreneurship and economic self-reliance. The billionaires who emerged from this southeastern state reflect the ingenuity and industrious spirit of the Igbo people. From oil and gas to automotive and banking, these men have built legacies that will outlive them.
As the state continues to develop its infrastructure and explore natural resources like oil and gas, it is likely that we will see even more billionaires emerge from this land of opportunity. For young entrepreneurs looking for role models, the success stories of these Anambra businessmen provide a wealth of insight and inspiration.
