18. Tunde Folawiyo

Net Worth: $650 Million

Industry: Oil & Gas, Telecom

Tunde_Folawiyo

Tunde Folawiyo is a Nigerian businessman and the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo with interests in oil and gas, agriculture, shipping, real estate and engineering.

The company’s oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field.

Other assets include minority stakes in Nigeria’s Access Bank and mobile phone carrier MTN Nigeria.

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