Must read! Who are the richest politicians in Nigeria? | Here is a list of the top 10.

It is no news that most of the richest people in Nigeria are politicians. Due to their salaries, benefits, and other factors, government executives occasionally appear on lists of the richest men and women.

Unquestionably, some of the wealthiest politicians in Nigeria are passionate about their work and think it is wise to invest their money and resources in real estate, business ventures, inheritance, and other types of investments.

Top 10 richest politicians in Nigeria

Bola Ahmed Tinubu – $8.4 Billion

Since the APC was founded in 2013, Bola Ahmed Tinubu, a politician and accountant from Nigeria, has served as its national leader. From 1992 to 1993, he was a senator for the Lagos-West senatorial district. From 1999 to 2007, he served as governor of Lagos State.

He was born in Osun State on March 29, 1952, and graduated with a bachelor’s in business administration from Chicago State University in 1979. The Oba of Lagos, who serves in a ceremonial capacity as the state of Lagos’s traditional ruler, bestowed upon him the tribal aristocratic title of Asiwaju.

He reportedly owns landed estates spread throughout Nigeria, the most valuable of which is a mansion in Ikoyi, Lagos, valued at $5 billion. A 600 million dollar G-wagon and two additional Mercedes Benz, Range Rover, etc., are among his collection of automobiles.

He reportedly has more than just a $60 million Bombardier Global Express XRS private jet.

Bola Ahmed Tinubu’s net worth is projected to be 8.4 billion as of 2022. Currently, Tinubu is the APC’s nominee for president in 2023.

Ibrahim Babangida -$5 billion

General Ibrahim Badamasi Babangida is the second richest politician in Nigeria according to our list of the top ten (IBB). IBB, as he was known, once served as the state of Nigeria’s military ruler. Ibrahim Babangida is the second-richest politician in Nigeria.

On August 17, 1941, Ibrahim Babangida was born in Niger State, a part of Nigeria. Nigerian politician, businessman, and military general Ibrahim Babangida.

He presided over Nigeria’s military government from August 1985 to August 1993, and he is best known for invalidating the general election of June 12.

The estimated net worth of General Ibrahim Badamasi Babangida is $5 billion. At one point, he was also the richest politician in Nigeria.

Atiku Abubakar – $1.8 billion

On November 25, 1946, Atiku Abubakar was born in Adamawa state. His mother is a trader, and his father is a Fulani farmer. Even though his father opposed western education, he could attend school thanks to the period’s compulsory education law.

His mother passed away when he was 38, and his father was 11. The only child he was.
In Nigeria, between May 1999 and May 2007, Atiku Abubakar served as vice president under Olusegun Obasanjo’s democratic administration.

Although his vice presidency helped him gain popularity, he was one of Nigeria’s leading politicians both before and after. Atiku is, as of today, one of the richest politicians in Nigeria.

 Ifeanyi Ubah – $1.7 billion

Born on September 3, 1971, Ifeanyi Ubah. He is a prosperous businessman who accumulated wealth before deciding to serve Nigeria; his rise to wealth did not start with politics.

He had to leave school to pursue a trade career and was the first of seven children raised in a suburb of Abuja. However, at the age of 19, he struck it rich.

He made an unsuccessful bid to become his state’s governor in 2014. To represent the Anambra South Senatorial District, he ran for and won election to the Nigerian Senate in 2019.

Obasanjo Olusegun $1.6 billion

Born on March 5, 1938, Olusegun Obasanjo is a proud native of Ogun State. In addition, the former Nigerian Army General presided over Nigeria twice: first, as the country’s military dictator from 1976 to 1979, and then as its civilian president from 1999 to 2007.

He nurtures his love of planes in addition to cars. According to reports, OBJ owns Otta Farms, one of West Africa’s largest chicken farms. Despite not being widely known, he participates in more than 6.5 percent of Nigeria’s major oil production, marketing, and distribution.

Ahmadu Adamu – $1.5 billion

Ahmadu Adamu served as the People’s Democratic Party’s former chairman and the former governor of Bauchi State (PDP).

He also worked as property manager for the Bauchi State Investment and Property Development Company. He ranks among the top ten wealthiest politicians in Nigeria thanks to his extensive holdings and real estate investments.

Buhari’s anti-corruption campaign, the Economic and Financial Crimes Commission (EFCC), raided a mansion in Ikoyi in April 2019. They found over $50 million in cash concealed in fire-resistant cabinets behind fake walls.

Ahmadu Adamu was allegedly the house owner, according to the construction company, but the Northern millionaire denied all claims.

Rochas Okorocha -$1.4 billion

The African billionaire is the richest politician in Nigeria. He owns a fleet of luxury cars worth over half a billion, including a Rolls Royce Phantom VI, Bentley Bentayga, and Aston Martin Vanquish. His real estate portfolio includes apartments in Kensington, London, and several houses in Lagos, Abuja, and Port Harcourt.

Orji Uzor Kalu – $1.1 billion

Born on April 21, 1960, the former governor of Abia State is one of Nigeria’s wealthiest politicians. He served as the president of Cooperative and Commerce Bank Limited before his election.

Additionally, he belonged to the Peoples Democratic Party, the Progressive Peoples Alliance (PPA), and served as the PPA Board of Trustees (PDP) chairman.

Mike Adenuga $1 billion

Former Minister of State for Petroleum Resources, Mike Adenuga, also a member of the House of Representatives, has made many acquisitions from oil companies such as Shell, Esso, Agip, etc., which adds up to his wealth. He owns over $1 billion, including real estate properties and businesses.

Dino Melaye – $100 million

Dino Melaye was born on February 16, 1969. He is the creator of DMW TV and DMW Records. He is also one of the richest politicians and businessmen in Nigeria, and he is from Benue State.

Melaye was born in Zaria to a political family. In the third Nigerian Parliament, his father was elected a member of the House of Representatives (1961-1963).

Melaye studied agricultural engineering at Ahmadu Bello University in Zaria and Federal Government College in Warri. Later, in 1991, he graduated with first-class honors from Bayero University Kano with a master’s degree in business administration.

In 1992, Melaye founded DMW Records Limited, which became one of the largest independent record companies in Nigeria at that time. In 1994 he founded DMW TV, which later became one of the leading television stations in Nigeria with a presence across all major cities, including Abuja, Lagos, Ibadan, Kaduna, and Kano, among others.

Take away

Although most of the richest people in Nigeria are politicians, other wealthy people are not into politics. Some occupation also pays more than politics in Nigeria.