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Cletus Madubugwu Ibeto Net Worth And Biography


Feb 9, 2024
Cletus Madubugwu Ibeto Net Worth
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Cletus Madubugwu Ibeto Net Worth And Biography

Cletus Madubugwu Ibeto Forbes Net Worth: Cletus Madubugwu Ibeto is a Nigerian business magnate, investor, capitalist and CEO at Ibeto Group, Cletus Ibeto net worth is estimated at $3.8 billion dollars, which makes him one of the richest Igbo business in Nigeria.

Cletus Ibeto Profile

  • Name: Cletus Madubugwu Ibeto
  • Birth Date: 6th, November, 1952
  • Birth Place: Anambra State
  • Age: 68 years old
  • State Of Origin: Anambra State
  • Nationality: Nigerian
  • Stats: Active
  • Source Of Income: Chairman Ibeto Group
  • Net Worth: $3.8 Billion Dollars
  • Religion: Christianity
  • Ethnicity: Nigerian
  • Education: Updating Soon
  • Siblings: Updating soon
  • Marital Status: Married to his second wife
  • Children: 3 children
  • Salary: over 100 million annual salary.

Cletus Ibeto Biography

Born Cletus Madubugwu Ibeto better known as Cletus Ibeto is a Nigerian billionaire business mogul from the commercial city of Nnewi, Anambra State, Nigeria, Where he was given birth to on 6th, November, 1952. The billionaire business magnate is currently 68 years old as of the time of this post. He is head of The Ibeto Group, the largest business enterprise from Nnewi.

Cletus Ibeto Business Career

Cletus Ibeto started out as a spare parts import dealer, In March 1988 he stopped direct importation of lead-acid automotive battery and plastic motor accessories, and establish his own factory in Nnewi, Nigeria. By 1995 The Ibeto Group had grown to become one of the largest auto spare parts manufacturing outfits in Nigeria, Then the market was not highly competitive and He took advantage of that to grow wider.

On October 2, 1996, he established Ibeto Petrochemical Industries Ltd. which primarily engaged in the blending of oil lubricants as well as the production of various types of petroleum products for local and international markets. He is also the owner of a popular indigenous cement known as Ibeto Cemet. Aside Dangote and BUA, Ibeto is one of the most widely used cement for construction work in Nigeria.

Who Cletus Ibeto Married To?

Cletus Ibeto was formally married to a woman who had three children for, However they both got separated, He is currently married to Augustina Ifeyinwa Okpala who he got married to in December 2012.

Cletus Ibeto Net Worth

Cletus Ibeto is currently one of the richest and most influential businessmen in Nigeria, with an estimated net worth of $3.8 billion dollars.

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