The Top 10 Richest Men In Rivers State 2025 And Their Net Worth shows the most successful rich men from Nigeria’s oil-rich “Treasure Base of the Nation.” Dumo Lulu-Briggs tops this list with $500 million. This makes him the richest man in Rivers State and one of Nigeria’s wealthiest oil magnates.
Rivers State is located in the South-South region of Nigeria with Port Harcourt as its capital. The state is known for its vast oil and gas reserves in the Niger Delta. Rivers is the second richest state in Nigeria by GDP. These rich people have made their money through oil and gas, banking, real estate, politics, and shipping.
Quick Summary: Top 10 Richest Men in Rivers State 2025
- Dumo Lulu-Briggs – $500 million (Oil & Gas, Maritime, Law)
- Nyesom Wike – $200 million (Politics, Real Estate, Construction)
- King Edward Asimini Pepple – $190 million (Royalty, Oil, Real Estate)
- Tonye Cole – $150 million (Energy, Oil & Gas, Real Estate)
- Atedo Peterside – $120 million (Banking, Aviation, Investments)
- Tein Jack-Rich – $100 million (Oil & Gas Exploration)
- Tein George – $90 million (Hospitality, Real Estate, Engineering)
- Emmanuel Georgewill – $85 million (Oil Services, Subsea Engineering)
- Rotimi Amaechi – $80 million (Politics, Real Estate)
- Felix Obuah – $75 million (Construction, Oil Services, Real Estate)
How We Ranked Rivers State’s Richest Men
Our ranking looks at many factors. These include oil and gas holdings, political careers, banking achievements, real estate investments, and proven assets. We used criteria like businesses, investments, assets and personal property to judge the net worth of these rich people from Rivers state.
1. Dumo Lulu-Briggs – $500 Million
Chief Barrister Dumo Lulu-Briggs is the richest man in Rivers State with a net worth of $500 million. Born in 1964 in Abonnema, Akuku-Toru LGA, he is the Chairman and CEO of DLB Group. He is the son of late High Chief O.B. Lulu-Briggs, who was a billionaire oil magnate.
Key Wins:
- Chairman and CEO of DLB Group
- Chairman of Platform Petroleum Limited
- Seasoned legal practitioner (27 years post call)
- Gubernatorial candidate (2019, 2023)
Major Business Deals:
- Platform Petroleum Limited (oil exploration and production)
- DLB Group (oil, gas, and marine operations)
- Real estate investments
- Maritime shipping operations
- Political investments
Properties & Assets:
- Oil exploration blocks and facilities
- Marine vessels and maritime infrastructure
- Real estate across Rivers State and Nigeria
- Law practice assets
- Extensive land holdings
2025 Highlights: Dumo holds an LLB from Ahmadu Bello University and an LLM from London School of Economics. He is a grassroots politician and philanthropist who awards scholarships to students across Rivers State’s 23 LGAs. His O.B. Lulu-Briggs Foundation focuses on healthcare, education, and community development.
2. Nyesom Wike – $200 Million
Barrister Nyesom Ezenwo Wike is the current Minister of the Federal Capital Territory (FCT). Born on December 12, 1967, in Obio-Akpor LGA, he served as Governor of Rivers State from 2015 to 2023. He is one of Nigeria’s most powerful politicians.
Key Wins:
- Current Minister of FCT
- Two-term Governor of Rivers State (2015-2023)
- Former Minister of State for Education
- Chairman of PDP Governors Forum
Major Business Deals:
- Real estate development in Port Harcourt and Abuja
- Construction contracts and infrastructure
- Political consulting
- Property investments
- Agricultural ventures
Properties & Assets:
- Extensive real estate in Port Harcourt, Abuja, and Lagos
- Government quarters and facilities
- Luxury properties and vehicles
- Construction project stakes
- Political investment assets
2025 Highlights: As governor, Wike transformed Rivers State through massive infrastructure projects including flyovers, roads, schools, and hospitals. His net worth is estimated at $200 million. He remains one of Nigeria’s most influential politicians.
3. King Edward Asimini Pepple – $190 Million
His Majesty, King Edward Asimini William Dappa Pepple III, CON, is the Amanyanabo (King) of the Bonny Kingdom. He ascended the throne in 1996. The Bonny Kingdom is one of the most important oil-producing regions in Rivers State.
Key Wins:
- Amanyanabo of Bonny Kingdom (1996-present)
- Traditional ruler over oil-rich territory
- Cultural and political influence
- Custodian of Bonny land and resources
Major Business Deals:
- Oil royalties and land use fees
- Real estate holdings in Bonny
- Traditional authority business ventures
- Community development partnerships
- Maritime and port facilities
Properties & Assets:
- Bonny Kingdom royal properties
- Oil and gas royalty streams
- Extensive land holdings in Bonny
- Maritime infrastructure
- Traditional palace assets
2025 Highlights: As king of one of Nigeria’s most strategic oil locations, King Pepple oversees a region that hosts major oil terminals. His position grants him economic leverage through royalties, land use, and community engagement. His net worth is estimated at $190 million.
4. Tonye Cole – $150 Million
Tonye Cole is a business mogul and politician. Born in 1967, he is the co-founder of Sahara Group, one of Africa’s largest energy conglomerates. He has run for governor of Rivers State twice (2019 and 2023).
Key Wins:
- Co-founder of Sahara Group
- Operations in over 38 countries
- APC gubernatorial candidate (2019, 2023)
- Founder of Tonye Cole Foundation
Major Business Deals:
- Sahara Group (oil trading, storage, distribution)
- Power generation investments
- Real estate development in Port Harcourt
- International energy partnerships
- Aviation investments
Properties & Assets:
- Sahara Group facilities across Africa
- Real estate in Rivers State and abroad
- Energy infrastructure
- Power generation assets
- Foundation facilities
2025 Highlights: Under Cole’s leadership, Sahara Group grew from a small trading firm into a global enterprise. He is deeply involved in youth empowerment through his foundation. His estimated net worth is $150 million.
5. Atedo Peterside – $120 Million
Atedo N.A. Peterside is a banker, economist, and investor. Born on August 4, 1954, he is the founder of Stanbic IBTC Bank and the Anap Foundation. He is one of Rivers State’s most respected business leaders.
Key Wins:
- Founder of Stanbic IBTC Bank
- Founder of Anap Foundation
- Owner of Anap Jets (private aviation)
- Economic policy thought leader
Major Business Deals:
- Stanbic IBTC Bank operations
- Anap Jets (private aviation)
- Real estate investments
- Anap Foundation (good governance and health)
- Banking sector consulting
Properties & Assets:
- Stanbic IBTC shareholdings
- Aviation fleet (Anap Jets)
- Real estate across Nigeria
- Foundation assets
- Investment portfolios
2025 Highlights: Peterside is well respected for his insights into economic policy and national reform. His work has elevated Rivers State’s reputation for producing thought leaders. His net worth is estimated at $120 million.
6. Tein Jack-Rich – $100 Million
Tein T.S. Jack-Rich is the founder and president of Belemaoil Producing Limited, Nigeria’s first indigenous oil exploration and production company from an oil-producing community. He hails from Ogbakiri, Emohua LGA.
Key Wins:
- Founder of Belemaoil Producing Limited
- First indigenous E&P company from oil-producing community
- APC presidential aspirant (2023)
- Major philanthropist
Major Business Deals:
- Belemaoil oil exploration and production
- Oil block operations in Niger Delta
- Real estate development
- Agricultural investments
- Political consulting
Properties & Assets:
- Oil exploration blocks
- Belemaoil production facilities
- Real estate in Rivers State
- Agricultural estates
- Luxury properties
2025 Highlights: Jack-Rich emerged from the heart of the Niger Delta and built a successful oil company. He contested for APC presidential ticket in 2023. His net worth is estimated at $100 million.
7. Tein George – $90 Million
Mr. Tein George is a successful businessman and one of Rivers State’s most humble billionaires. He owns George’s Hotel in Ikoyi, Lagos, one of Nigeria’s top five most expensive hotels.
Key Wins:
- Owner of George’s Hotel, Ikoyi Lagos
- Chairman of Seametric Engineering
- Board member of Daba & Orlando Foundation
- Discreet and humble billionaire
Major Business Deals:
- George’s Hotel operations
- Seametric Engineering
- Real estate development
- Engineering services
- Foundation work
Properties & Assets:
- George’s Hotel (five-star facility)
- Seametric Engineering assets
- Real estate across Nigeria
- Engineering equipment
- Foundation facilities
2025 Highlights: Despite his wealth, Mr. George’s humility and simple life has made him occupy less media space. Nevertheless, the wealthy Rivers State native is highly influential and respected in Nigeria. His net worth is estimated at $90 million.
8. Emmanuel Georgewill – $85 Million
Emmanuel Georgewill is the CEO of Cortech Oil Services Nigeria, a top-tier oil and gas engineering company. He provides subsea and offshore services to international oil companies operating in Nigeria.
Key Wins:
- CEO of Cortech Oil Services Nigeria
- Mechanical and production engineer
- Subsea and offshore specialist
- University of Jos graduate
Major Business Deals:
- Cortech Oil Services operations
- Subsea engineering services
- Offshore oil and gas contracts
- Real estate investments
- Engineering consulting
Properties & Assets:
- Cortech facilities and equipment
- Subsea engineering infrastructure
- Real estate holdings
- Marine vessels and equipment
- International contracts
2025 Highlights: Georgewill is steering one of Nigeria’s leading oil and gas companies with great potential. He is a graduate of mechanical and production engineering from the University of Jos. His net worth is estimated at $85 million.
9. Rotimi Amaechi – $80 Million
Chibuike Rotimi Amaechi is a former Governor of Rivers State (2007-2015) and former Minister of Transportation (2015-2023). Born on May 27, 1965, in Ikwerre LGA, he is one of Nigeria’s most prominent politicians.
Key Wins:
- Two-term Governor of Rivers State (2007-2015)
- Minister of Transportation (2015-2023)
- Former Speaker, Rivers State House of Assembly
- Director General, Buhari Campaign Organization
Major Business Deals:
- Real estate investments
- Political consulting
- Property development
- Transportation sector advisory
- Infrastructure consulting
Properties & Assets:
- Real estate in Rivers State and Abuja
- Luxury properties
- Government pensions and benefits
- Political investment assets
- Property holdings
2025 Highlights: Amaechi initiated major infrastructure projects including the Port Harcourt-Maiduguri rail line as Transportation Minister. His political career and business investments have earned him an estimated net worth of $80 million.
10. Felix Obuah – $75 Million
Chief Felix Obuah is a businessman and politician. Born in Omoku, Ogba/Egbema/Ndoni LGA, he is the founder of FEMTOB Group. He served as Chairman of the Rivers State Civil Service Commission and former PDP Chairman in Rivers State.
Key Wins:
- Founder and CEO of FEMTOB Group
- Former Chairman, Rivers State Civil Service Commission
- Former PDP Chairman, Rivers State
- Construction and oil services entrepreneur
Major Business Deals:
- FEMTOB construction firm
- Oil servicing businesses
- Real estate development
- Government contracts
- Political investments
Properties & Assets:
- Construction equipment and facilities
- Oil servicing infrastructure
- Real estate across Rivers State
- Political investment assets
- Government contract stakes
2025 Highlights: Obuah’s construction firm has delivered some of the most iconic projects in Rivers State. His oil servicing businesses serve major players in the Niger Delta oil industry. His net worth is estimated at $75 million.
Wealth Distribution Trends in Rivers State
The Top 10 Richest Men In Rivers State 2025 And Their Net Worth reveals interesting patterns about wealth creation in the region. Rivers State is the second richest state in Nigeria by GDP. The state generates massive revenue through oil and gas production in the Niger Delta.
Key Observations:
- Oil and gas dominate wealth creation
- Politics has been a major pathway to riches
- Banking careers create strong foundations
- Real estate remains highly profitable
- Maritime and shipping offer opportunities
The combined wealth of these ten people exceeds $1.5 billion. This shows the massive economic potential within Rivers State, driven primarily by its oil and gas resources and strategic location.
Frequently Asked Questions
Dumo Lulu-Briggs is the richest man in Rivers State with a net worth of $500 million. The Chairman and CEO of DLB Group and Platform Petroleum Limited inherited and expanded his father’s oil and gas business.
Dumo Lulu-Briggs inherited his father High Chief O.B. Lulu-Briggs’ oil and gas business and significantly expanded it. He is the Chairman of Platform Petroleum Limited and DLB Group, which have interests in oil, gas, and maritime operations.
The main wealth-making sectors include oil and gas, politics, banking, real estate, maritime shipping, and construction. Rivers State’s position in the Niger Delta provides vast opportunities in the energy sector.
No, Nyesom Wike is no longer governor of Rivers State. He served from 2015 to 2023 and is currently the Minister of the Federal Capital Territory (FCT) in President Tinubu’s cabinet.
Rivers State is Nigeria’s second richest state by GDP and hosts vast oil and gas reserves. The state’s strategic location in the Niger Delta and Port Harcourt’s status as an oil hub create many wealth opportunities.
King Edward Asimini William Dappa Pepple III is the Amanyanabo (King) of Bonny Kingdom. He has ruled since 1996 and oversees one of Nigeria’s most important oil-producing regions with a net worth of $190 million.
Port Harcourt, Bonny, Abonnema, and Okrika areas have produced many of Rivers State’s wealthiest individuals. These areas benefit from oil production activities and strong business traditions.
Conclusion: Rivers State’s Economic Leadership
The Top 10 Richest Men In Rivers State 2025 And Their Net Worth shows the remarkable success stories from Nigeria’s “Treasure Base of the Nation.” From Dumo Lulu-Briggs’ $500 million oil and maritime empire to the diverse portfolios of other wealthy people, these leaders have created significant value while contributing to Nigeria’s economic development.
Rivers State’s richest people are a mix of oil tycoons, politicians, bankers, maritime experts, and traditional rulers. Each contributes to the state’s economic and social development. Their success stories show how leveraging the state’s oil wealth, combined with strategic investments and political influence, can create lasting fortunes.
What do you think about this ranking? Who deserves to be higher on the list? Share your thoughts about the Top 10 Richest Men In Rivers State 2025 And Their Net Worth in the comments below!
Related Articles:
