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| Description: Net Worth: $1.1 Billion Rank IN Nigeria: #4 Rank In Arica: #21 (#29 in 2013) Theophilus Danjuma, a former Nigerian defense minister, is the founder and owner of South Atlantic Petroleum (SAPETRO). It owns a 15% stake in the Akpo deepwater oil field alongside operator Total and China’s CNOOC. He also owns a stake in Notore Chemical Industries, a manufacturer of urea fertilizer, as well as a stake in NALComet, one of Nigeria’s largest shipping companies. His net worth has risen since last year due to more detailed information about SAPETRO’s assets. |
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