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| Description: Net Worth: $4.3 BILLION Industry: Diversified Country of Citizenship: Nigeria Age: 68 Number of Jobs Created: 6,550 Gilbert, the patriarch of the Chagoury clan and eldest of eight siblings, sits atop the Chagoury Group, a large multifaceted conglomerate with interests in construction, food processing, insurance, healthcare, hospitality, manufacturing and telecommunications. The Lebanese-Nigerian industrialist and diplomat was born in Lagos in 1946 to Lebanese parents who migrated to Nigeria in the 1930s. In 1971,he founded Grands Moulins du Bénin Flour Mills, a milling company in Cotonou, Republic of Benin, which became the foundation for his business empire. Today, the Chagoury Group owns five flour milling companies in Nigeria and Republic of Benin which produce over 3,700 metric tonnes of wheat flour a day. Chagoruy also owns the well-known five-star Eko Hotel in Lagos and Hotel Presidential in Port Harcourt. But perhaps the crown jewel of the Chagoury Empire is South Energyx, which is constructing the new $6 billion Eko Atlantic metropolis in Lagos on land reclaimed from the Atlantic Ocean. This ambitious project is the size of Manhattan and will be home to 250,000 people with another 150,000 people working in this new metropolis. Eko Atlantic is billed as the new financial centre of West Africa and will completely redefine the Lagos skyline. The Chagoury Group also owns Ocean Parade, a series of 14 tower blocks in the exclusive Banana Island of Lagos, Nigeria’s priciest residential community. |
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