Business
Profiles: A snapshot of some of the richest Nigerian Stockholders
Thursday, August 25, 2011
Jim Ovia
Net worth on the Nigeria Stock Exchange: US$220.5 million
Mr. Ovia Co-founded the Zenith bank and has a 10 percent stake in the company. According to Forbes, a substantial part of his wealth derives from his large real estate holdings in Nigeria’s most expensive neighborhoods.
He has since stepped down as chief executive of the bank. He still remains the bank’s largest individual shareholder, controlling approximately 10%. He now runs Visafone, a Nigerian telecom outfit he founded in 2006.
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