Igho Sanomi Net Worth: Career, Business and Debt
Igho Sanomi is a Nigerian wealthy philanthropist and businessman with interests in oil, transportation, maritime, aviation, and real estate. Sanomi was at Cosmos Oil (an international oil-trading business based in Nigeria) in the late 1990s, negotiating the export of fuel from the Port Harcourt refinery to the country’s operations line.
He advanced his career by establishing a working partnership with an energy trading business based in Zug, Switzerland, which resulted in the export and import of refined petroleum products worth billions of euros.
Igho Sanomi Net Worth and Business Venture
His incredible business path has catapulted him to become one of Nigeria’s most influential and successful individuals. The young Nigerian billionaire’s story exhibits tenacity, determination, and an unrelenting devotion to both personal and societal improvement, inspiring aspiring entrepreneurs while promoting and showcasing Africa as a rising continent in the global globe.
At the age of 29, Sanomi’s company, Taleveras, won two oil blocks in a bid organised by the Ministry of Petroleum Resources. The NNPC then implemented the crude oil swap with one of its subsidiaries, Duke Oil Incorporated, and Igho Sanomi’s firm, Taleveras, was once again a benefactor.
By 2008, Talevaras was generating earnings of up to $2 billion per year, making him one of Africa’s youngest billionaires. He got the Choiseul 100 Africa Economic Leaders for Tomorrow award.
Igho Sanomi won “The Choiseul 100 Africa Economic Leaders for Tomorrow” in 2015, ranking first among Africa’s top 100 young economic leaders. The Institut Choiseul for International Politics and Geoeconomics recognises those who are developing a contemporary African economy that is open to the world and full of new chances.
Sanomi was followed by Mohammed Dewji, the CEO of Tanzanian MeTL and another of Africa’s youngest billionaires, and Hisham El Khazindar, CEO of Egypt’s Qalaa Holding, in third place.
Igho Sanomi and his siblings formed the Dickens Sanomi Foundation (DSF) in 2011 to honour their father, Dickens Ogheneruemu Patrick Sanomi. The foundation was founded to fund humanitarian initiatives such as essay competitions, musical outreach programs, and literacy awareness campaigns.
Some of his charity endeavours include sponsoring an essay competition for Nigerian secondary students since 2014, with winners receiving scholarships and the school receiving money to purchase laboratory equipment and computers.
In October 2012, DSF gave millions of naira in food and relief goods to over 12,000 flood victims in Delta State as part of Project Rescue Flood Victims.
The organisation reportedly provided a comprehensive assistance package worth N100 million to flood victims in Bayelsa and Delta states.
President Jacob Zuma, the president of South Africa, is a key figure in the Igho Sanomi movement. Jacob Zuma greeted him on his 40th birthday in 2016 and personally welcomed him into his home.
Amaju Pinnick, the former Delta State Sports Commissioner who served as head of the Nigerian Football Federation from 2014 to 2022, is another influential figure in his group. In 2010, Sanomi presented Pinnick with a N10 million cash to sponsor the maiden Africa Youth Athletics Championships in Warri.
His Honours and Award
As of September 2014, the Institut Choiseul for International Politics and Geoeconomics ranked Sanomi first in the first edition of the Choiseul 100 Africa, which recognises “growing business leaders, successful entrepreneurs, investors, etc.” who “embrace the dynamism and renewal of a whole continent and carry the hopes of an entire generation.”
Young African leaders under the age of 40 have been recognised and ranked based on their potential contribution to Africa’s future growth. He was the greatest in 2015.
In 2013, the Nigerian Ministry of Industry, Trade, and Investment solicited nominations for positions on the Nigeria-South Africa Business Council. On February 28, 2014, in Abuja, he received the Corporate/Friends of the Police Award.
Forbes named him one of the “Ten Young African Millionaires To Watch in 2013”. During the same year, African Leadership magazine named Sanomi one of the “Top 25 Oil and Gas Leaders in Africa”.
He received the Humanitarian of the Year Award from Mode Men magazine in 2012. Sanomi delivered the keynote talk at the 2014 Africa Global Business Forum in Dubai, and he was slated to do so again the following year.
He has awarded the African Leadership Award in recognition of his contributions. Sanomi received the 2014 Africa’s Emerging Community Development Icon Award and was granted honorary citizenship in the US state of Georgia.
Igho Sanomi Net Worth
The Taleveras founder’s net worth is unknown, although conjecture suggests that the youthful Sanomi is worth more than $2 billion.
Igbo Sanomi lost his private plane to the Suisse Group AG in 2019 due to a $3 million debt owed by one of his UK firms. In 2019, Igbo Sanoni’s homes in Chelsea, West London, and Belgravia were blocked to allow creditors to repay the $3 million debts acquired by his company from Suisse Group AG.
