Some of the top 10 richest Fulani people in Nigeria are undoubtedly business-oriented individuals who have remained consistent in their businesses over the years and are now being rewarded through their years of hard work.
Why the topic in itself is not exactly “the top 10 richest Fulani people” just like the “top 10 richest Yoruba people” or the “top 10 richest Igbo people” is because Fulani as an ethnic group is not exclusive to Nigeria. As a matter of fact, the Fulani ethnic group is one of the largest ethnic groups in Africa and the world and they are scattered across sub-Saharan Africa.
So, it is possible that there are other rich Fulani individuals across Africa we do not know about and certainly would not want to commit a grave blunder as they might be richer than some on this list. However, there is no denying that the Fulani people of Nigeria are the richest of the other ethnic groups. As a matter of fact, the richest man in Africa, Aliko Dangote is Fulani and so is the second richest man in Nigeria, Abdul Samad Rabiu also of the Fulani extraction.
Top 10 Richest Fulani People in Nigeria
While the Fulani people are generally recognized as nomadic herders, the richest Fulani people in Nigeria are mostly business tycoons, industrialists and politicians who built their wealth through heading firms, as well as controlling major stakes in oil and gas companies and having chains for businesses that are not only economically viable but in high demand by the Nigerian people.
Here are the top ten richest Fulani people in Nigeria, the sources of their wealth and how much they are worth, according to Gistah.
10. Mudassir Idris Abubakar – $50 Million
Mudassir Idris Abubakar is a kano-based businessman with a net worth of $50 million. He is the founder of Mudassir and Brothers, also known as Mudatex, a multinational industrial conglomerate and fashion fabric industries that distribute and market wax print for Nigeria and the Central African market. The business was established in 1997 and has since grown to become Nigeria’s biggest fabric manufacturer. Eight Nigerian cities, including Kano, Kaduna, and Abuja, are home to Mudassir and Brothers, which employs about 1,200 people there.
9. Alhaji Mustapha Ado Muhammad – $90 Million
Mustapha Ado Muhammad is the ninth richest Fulani man in Nigeria, with a net worth of $90 million. He is a famous and popular businessman and a founder of AMMASCO International Limited, which is a lubricant company in Kano. The 3rd of October 1997 saw the incorporation of Ammasco International Limited as a limited liability company with the goal of conducting general marketing and mixing of lubricants and other petroleum and allied products. The company officially opened for business on November 16th, 1997. One of Nigeria’s largest and fastest-growing independent mixing lubricant plants is Ammasco International Limited.
The company has a cutting-edge lubricant plant in Kano where all lubricant blends are blended. 79,000 MT/year of installed blending capacity is available at the plants.
8. Umaru Abdul Mutallab – $200 Million
Umaru Abdul Mutallab, from Katsina, is Nigeria’s eighth richest Fulani man, with a $200 million net worth. He was the former chairman of the popular First Bank Plc and the founder of a multinational company known as Mutallab Group. He graduated from Southwest London College, where he earned his bachelor’s degree and was awarded an honorary doctorate by Obafemi Awolowo University (OAU). He is the Chairman of Jaiz Bank, former board member of Agip Nigeria Oil and a former board member of the defunct NEPA. He was regarded in New York Times as one of the richest and most prominent Nigerians.
7. Abdullahi Rano (AA Rano) – $300 Million
Alhaji Abdullahi Rano is the seventh richest Fulani man in Nigeria, with a net worth of $300 million. He is the founder of the company known as AA Rano, an oil and gas company. He is an industrialist and a businessman based in Kano but extends his company to all of Africa and the world. He is a philanthropist whom several magazines have awarded across the globe for his kind gestures.
6. Atiku Abubakar – $700 Million
Atiku Abubakar is a popular and the sixth richest Fulani man in Nigeria, with a net worth of $700 million. He is a political figure, former vice president of Nigeria and holds the record of a candidate contesting for president in Nigeria (six times) and a businessman. Atiku Abubakar is also the co-founder of Intels Nigeria Limited, An oil exploration, and service company with operations across Africa. He is a popular political figure and a current People’s Democratic Party presidential candidate. Atiku owns American University of Nigeria, Integrated Logistics Services (Intels) Nigerian Limited, Adama Beverages, Prodeco Nigeria Limited, Atiku Abubakar farms, Chicken Cottage, ABTI schools, Gotel Communications, and The Priam Group.
5. Sayyu Dantata – $800 Million
Sayyu Dantata, known as Alhaji Dantata, is Nigeria’s fifth richest Fulani man, with a net worth of $800 million. He is the director of transport engineering at Dangote Groups of companies. Dantata is also the founder of MRS Holding Ltd, a company that specializes in oil exploration, production, distribution, and marketing. Sanyyu Dantata earned his bachelor’s degree from Morris Brown College, Atlanta in the United States, where he studied Mechanical engineering.
4. Theophilus Danjuma – $870 Million
Theophilus Danjuma is the fourth richest Fulani man in Nigeria, with a net worth of $870 million. He is a humanitarian and an industrialist. He is a General with the position of GCON, PSC, and FSS. He served as the chief of Army Staff from July 1975 to July 1979. Theophilus Danjuma also served under President Olusegun Obasanjo as the minister of defense. He is also the chairman and founder of South Atlantic Petroleum. Like most richest men in Nigeria, Danjuma wasn’t born with a silver spoon; he only made an effort to be among the richest people in Nigeria.
3. Mohammed Indimi – $1.5 Billion
Mohammed Indimi is the third Fulani richest man in Nigeria, with a net worth of $1.5 billion. He is a popular businessman and also philanthropist. Mohammed Indimi is the founder of a private Nigeria oil exploration and distribution company known as Oriental Energy Resources. Mohammed was born on August 12, 1947, in Maiduguri, Nigeria. Mohammed Indimi is a man from a humble background, so he ensures he puts all his effort into being one of the richest businessmen in Nigeria. He has also received various awards and accolades from different universities in Nigeria, Irish, and America.
2. Abdulsamad Rabiu – $6.4 Billion
Abdulsamad Rabiu is the second Fulani richest man in Nigeria, with a net worth of $6.4 billion. He is a businessman and an investor. In the 1970s and 1980s, his father was also one of the top businessmen in Fulani before he died. Abdulsamad is the chairman and also the founder of BUA Group, a corporation worth $6.4 billion with interest in agriculture, infrastructure, and manufacturing. Abdulsalam is also the fifth richest man in Africa. He is also the second-richest person in Nigeria, only behind Aliko Dangote.
1. Aliko Dangote – $13.4 Billion
Aliko Dangote is the richest man in Nigeria and Africa and also the richest Fulani man, with a net worth of $13.4 billion. He is not just the top in Nigeria but also the richest man in Africa. Aliko Dangote is a businessman and founder of Dangote Group, a multi-operational corporation across Africa. He ranked the world’s 23rd richest person in 2014, but in 2022, he ranked 63rd richest billionaire in the world.