Arthur Eze is a Nigerian businessman who has a net worth estimated at $5.8 billion. He is one of the richest people in Nigeria and Africa at large. The billionaire businessman added another private jet to his collection in 2022 by acquiring a Gulfstream G450 worth about $38 to $43 million.
Prince Arthur Eze is an oil mogul, philanthropist, and CEO of Atlas Oranto Petroleum. He is one of the richest men in South Eastern Nigeria, one of the richest in Nigeria, and also among the richest men in Africa. He is well known in Igboland as a philanthropist because he uses his wealth to help many. In Nigeria, Eze is known as controversial because he sponsors politicians and always speaks his mind in favor of the man or party he stands for.
As one of the wealthiest men in the country, Arthur never ceases to showcase his wealth wherever he goes. This may be one of the reasons why he acquired a jet. He loves luxury and has a lot of luxurious items in his possession. Find out more about how he makes his wealth and also see what he spends his net worth on.
How Arthur Eze’s Net Worth of $5.8 Billion Was Acquired
The billionaire acquired his massive net worth from his business exploits. His major source of income is his oil and gas company. He also earned from a private airline that functioned between 1992 and 2000. Also, his involvement in politics takes money from him in one way and brings it back in many ways. Let’s look at the things that contributed to the $5.8 billion he enjoys today.
Arthur Eze is the Chairman and CEO of Atlas Oranto Petroleum
Arthur is an oil magnate who owns an oil exploration and production company which he founded in 1991. This company is described as the largest ever owned by a private individual. It has assets in many countries in Africa with its headquarters in Abuja, Nigeria. The company has 22 oil and gas licenses in 12 jurisdictions in Africa, and some of the countries where it has assets include Uganda, Senegal, Equatorial Guinea, Sudan, etc.
This company has been the major source of income for Arthur and has contributed greatly to his current net worth. Arthur became rich and famous from his investment in the oil and gas sector, and his involvement in politics one way or another helped boost his company. He has been described as a contract chaser before, which is not entirely false because his company needs such contracts. To date, Atlas Oranto group is the major source of Arthur Eze’s net worth.
He Owned and Earned from Triax Airlines
Triax Airlines came into existence in 1992, a year after the establishment of the Atlas Oranto group. The airline functioned for eight years and ceased operations in the year 2000. While the airline was functional, the revenue gotten from it also contributed to the net worth Arthur Eze enjoys today.
Politics
It is a fact that politics in Nigeria is a game and an avenue for people to amass more wealth than they are entitled to. Prince Eze’s involvement in politics is not one-sided as he makes it appear. He also earns some good money from those he sponsors into office. Godfatherism in Nigerian politics makes way for those godfathers to earn and live off their candidates once they get into power.
Arthur gains from his political involvement. On one hand, he gets contracts for his company, and on the other hand, he is well rewarded in monetary terms. Successful candidates get to pay him homage with money, contracts, and slots for those he would like to be in power. And they never cease to grant his requests anytime they come. Generally, Arthur Eze’s political involvement has contributed to his net worth.
What Arthur Eze Spends His Fortune on
It will not come as a surprise what the billionaire spends his mouth-watery net worth on. Just like other billionaires, Arthur lives a life filled with luxury. He has in his collection the best of cars, mansions, and even private jets. He also gives back to society through his philanthropic deeds. Below are the details of what Arthur Eze spends his $5.8 billion net worth on.
He Owns Luxurious Mansions in Nigeria and Abroad
Arthur Eze as a billionaire has many cars, houses, and luxurious items in his collection. He owns mansions in strategic places in Nigeria, including his Ukpo residence, Enugu, Anambra, Abuja, Lagos, etc. He also holds lots of landed properties in many African countries and abroad. These mansions are well furnished to the taste of the billionaire.
He stays mainly in his Ukpo and Enugu residences and visits others once in a while. In 2022, the Economic and Financial Crimes Commission (EFCC) recovered and returned 11 houses in Enugu to Eze. These houses were recovered from his nephews Olisa and Onyeka.
Eze Has a Fleet of Luxurious Cars in His Garages
The billionaire is a lover of luxurious and expensive cars. He has in his car collection at least 5 different models of Rolls Royce cars. Each of these cars is worth at least $300,000.
He has an eye for good quality cars and blesses himself with them, notwithstanding how much they are worth. Also in his collection are 7 Maybach cars.
Politics
As we have mentioned earlier, Arthur is involved in Nigerian politics as a sponsor. We also mentioned that he earns some part of his net worth from politics. However, it is important to note that he earns from politics only when his candidate wins. It is like a game. He plays and wins sometimes, and he plays and loses some other times.
Politics is one of the things that Eze spends his fortune on. He supports whoever he wants, not minding the political party. Sometimes his candidate wins and he gets to reap the fruit of his labor. Most other times, he loses as his candidate loses and his resources go to waste.
Philanthropy
Prince Arthur Eze is a big-time philanthropist and a man with a big heart. He has given and contributed to many individuals, churches, organizations, and projects over the years. His generosity is not restricted to his people, village, state, or country. Eze gives to those outside Nigeria. There is a long list of those he has helped; here’s a list of some of his philanthropic deeds.
- He donated N10 million to the elderly and aged in his community, Ukpo, Dunukofia in Anambra State
- N5 million was donated to the Association of People Living with Sickle Cell Disorder (APLSCD) for a standard sickle cell clinic in Ukpo, Dunukofia, Local Government Area of Anambra State
- In 2013, Arthur Eze donated N12 million to the Anglican Diocese of Otueke for the construction of the Anglican Deanery and Youth Development Center in Otueke, Bayelsa State. This donation roused a misunderstanding during the regime of Goodluck Ebele Jonathan as the community is his hometown
- Prince Eze extended his generosity to South Sudan when he donated $800,000 to construct two primary schools in Rumbek and Yirol communities in central South Sudan
- In 2013, Arthur Eze donated $6.3 million for flood relief in Nigeria
- He built a medical research unit at Nnamdi Azikiwe University, Anambra State, Nigeria
- In 2015, he donated N20 million to a church in Abagana, Anambra State, for renovations and the purchase of musical instruments
- He single-handedly constructed an overhead bridge in Ebonyi State without government intervention
- He constructed connecting roads from Ukpo to other neighboring towns like Awkuzu, Abba, Abagana, and Ifite-Dunu. And he modernized the market near the Ukpo Palace.
Prince Arthur Eze Acquired a Private Jet in 2022
This will add to other aircraft he has acquired over the years. He acquired a Falcon plane in 2015, Bombardier aircraft, and owned 3 B727s from the private airline he had in 2000. He has added to this list in 2022 with the acquisition of a Gulfstream G450. This aircraft is worth around $38 to $43 million. The features of this jet include separate seating cabins, a four-place dining table and conference, WiFi and airshow screens, a spacious baggage compartment, etc.
Who is the Richest Between Arthur Eze and Emeka Offor?
Between Arthur Eze and Emeka Offor, Arthur is the richest with a $5.8 billion net worth. He is also the richest man in Anambra. Emeka Offor is worth $2.9 billion, and the difference between their net worths is $2.9 billion. Both men are billionaires and are in the oil and gas business. While Arthur’s major source of income is oil and gas alone, Emeka owns a conglomerate (The Chrome Group) with interests in oil and gas, power and electricity, banking insurance, communications, etc.
Both Arthur and Emeka Offor are from Anambra State, Nigeria. They both positively affect the lives of those around them with their generosity and extend this generosity to those outside their state to give back to society.