Top 20 Richest Politicians in Nigeria

The Top 20 Richest Politicians in Nigeria 

This article keeps you informed about the lives, careers, and sources of wealth of the top 20 richest politicians in Nigeria. Exploring the factors they’ve contributed to their success and the impact they’ve made in society. From presidents to former presidents to governors, senators, and party leaders, these individuals have not only shaped the country’s political landscape, they’ve amassed significant wealth in the process. They’re:

1. Bola Tinubu

The Top 20 Richest Politicians in Nigeria

Net worth: $8.4 billion

Taking the number one spot in the rank of the top 20 politicians in Nigeria is Bola 

Tinubu, who was born on March 29, 1952. Often referred to as the “Lion of Bourdillon,” he is the current president of Nigeria, the former governor of Lagos State. And prominent leader in the All Progressives Congress party (APC). 

His wealth stems from extensive investments in various sectors, including banking, real estate, and media. Tinubu’s political influence extends beyond Lagos State, making him one of the most powerful politicians in Nigeria. 

2. Ibrahim Badamasi Babangida

Ibrahim Babagida

Net worth: $5 billion

Former military ruler Ibrahim Babangida, also known as IBB, is one of Nigeria’s wealthiest politicians. IBB was born on August 17, 1941, and he’s popular for annulling the June 12 general election.

Ibrahim Badamasi Babangida’s wealth stems from various business ventures, including oil, banking, and real estate. 

Despite controversies surrounding his tenure as vice president, Babangida remains a prominent figure in Nigerian politics and business. Along with his multi-million Naira hilltop residence, some of his vehicles include: 

  • Mercedes-Benz S 600.
  • Rolls-Royce Phantom III luxury automobile.
  • BMW 760LI, Toyota Land Cruiser.
  • Learjet 45, valued at 594.7 million naira.

3. Oriji Uzor Kalu

The top 20 richest politicians in Nigeria

Net worth: $3.2 billion

Orji Uzor Kalu, a former governor of Abia State, is a notable businessman and politician in Nigeria. He was born on April 21, 1960.

Oriji’s wealth stems from his investments in banking, shipping, and media, among other sectors. His other ventures include oil production and transportation. Above all, he’s the chairman of two newspapers (The New Telegraph and The Daily Sun). Also, he’s the chairman of SLOK Holdings.

Our number 3 on the list of top 20 politicians in Nigeria is a former member of the Progressive People’s Alliance (PPA) and the People’s Democratic Party (PDP). Regardless of the legal challenges he faced, Kalu remains influential in Nigerian politics and business.

 4. Jimoh Ibrahim 

The top 20 richest politicians in Nigeria

Net worth: $3 billion

Jimoh Ibrahim is a politician, lawyer, philanthropist, and businessman from Igbotako, Okitipupa, Ondo State. Born on February 24, 1967, Ibrahim is the chairman of Global Fleet Group, a vast business based in Nigeria.

The company has numerous subsidiaries in various cities around Nigeria, particularly Lagos, and in other African countries. It operates in several industries, including insurance, hospitality, transportation, real estate, oil, and gas. 

Jimoh Ibrahim is an established and well-recognized publisher. Aside from being the publisher of three outstanding newspapers, he’s also the publisher of the National Mirror newspaper. 

5. Emmanuel Nnamdi Ubah

Emmanuel Nnamdi Ubah

Net worth: $2.1 billion

Born on December 4, 1958, Emmanuel Nnamdi Ubah, known as Andy Ubah, is a former senator from the Anambra South Senatorial District. Andy Ubah’s political career began while he was still in college. In 2011. 

He started his political journey as a member of the People’s Democratic Party before defecting to the All Progressive Congress.

Emmanuel Ubah came into the political limelight by securing a position as Senator of the Anambra South Senatorial District in Anambra State. He served as a senator from 2011 to 2019, and before getting elected, he was a presidential aide to Olusegun Obasanjo. 

 6. David Mark

David Mark

Net worth: $2 billion 

David Mark retired Nigerian Army Brigadier General, and a politician, was born on April 10, 1948, in Nigeria. As a former Senate President, he held the position from 2007 to 2015. While representing the Benue South Senatorial District in Benue State as well.

Aside from being a politician and a businessman, Senator David Mark has been named the Grand Commander of the Order of the Niger (GCON), Nigeria’s highest national honor.

7. Olusegun Obasanjo

The Top 20 Richest Politicians in Nigeria

Net worth: $2 billion

Olusegun Obasanjo, a former president of Nigeria, is one of the country’s most prominent political figures. His wealth stems from various business ventures, including agriculture, telecommunications, and oil and gas. 

Despite retiring from active politics, Obasanjo remains influential in Nigerian affairs. Obasanjo is the owner of Otta Farms, one of West Africa’s largest poultry farms. Above all, he’s also heavily involved in Nigerian oil extraction, marketing, and distribution. His garage contains the following cars:

  • Mercedes-Benz S-63 Sedan
  • The Lexus 570
  • Toyota Landcruiser
  • Toyota Highlander (2017).
  • Bombardier Challenger 300 jet helicopter.

 8. Ifeanyi Ubah

The top 20 richest politicians in Nigeria

Net worth: $1.7 billion

Born on September 3rd, 1971, Ifeanyi Ubah is number 8 on the list of the top 20 richest politicians in Nigeria, He’s a hardworking businessman who has amassed a fortune through his business activities. 

In addition to owning Ifeanyi Ubah FC, a football club, Ifeanyi Ubah serves as the chairman and board of directors of several famous Nigerian firms. A few of his pricey car collections include: 

  • Rolls Royce and Land Rover. 
  • Cadillac Escalade
  • Toyota Land Cruiser
  • Toyota Highlander Embraer Legacy 600 private jet.

 9. Rochas Okorocha

Rochas Okorocha

Net worth: $1.4 billion

Rochas Okorocha, a former governor of Imo State, is known for his vast business empire and political influence. His wealth comes from his investments in real estate, hospitality, and education.

Although several controversies arose about him during his tenure as governor, Okorocha remains a key player in Nigerian politics. He’s the CEO of the Rochas Foundation, a non-profit organization that creates colleges for underprivileged kids. 

Rochas has a line of automobiles that includes:

  • Rolls-Royce Phantom
  • Mercedes-Benz S 600
  • Mercedes-Benz Klassen V220, AMG63, Lexus LX 570.

 10. Atiku Abubakar

Atiku Abubakar

Net worth: $1.4 billion 

Atiku Abubakar, a former vice president of Nigeria, is 10th among the country’s top 20 wealthiest politicians. His wealth comes from his involvement in various sectors, including oil and gas, logistics, and agriculture.

Atiku’s political career spans decades, and he remains a prominent figure in Nigerian politics, particularly within the opposition People’s Democratic Party (PDP). He also served as the Nigerian Customs Comptroller General for 20 years, earning a fortune from his post. A few of his car collections include:

  • Embraer Phenom 100 Private Jet.
  • Range Rover
  • Mercedes S550, Lexus 570.
  • Toyota Land Cruiser.

11. Theophilus Yakubu Danjuma

Theophilus Yakubu Danjuma

Net worth: $1.1 billion

Theophilus Yakubu Danjuma GCON FSS psc (born December 9, 1938) is a Nigerian politician and retired lieutenant general who was instrumental in Nigeria’s post-independence military and political events. He gained a massive fortune through shipping and petroleum.

Danjuma owns at least 30 properties around the world, including hotels and luxury flats. On the block, he initially collaborated with Total SA and Petroleum Brasileiro SA of Brazil. 

Danjuma’s company’s minority share is currently worth $450 million; they hold real estate in California and have purchased and sold property in Singapore. What more? Their family office also supervises private equity investments, trust funds, and a venture capital arm that supports family-run art and entertainment firms.

 12. Daisy Danjuma

Daisy Danjuma

Net worth: $900 million

Daisy Ehanire Danjuma (born August 6, 1952) is a Nigerian politician who served as a senator in the Nigerian Senate from 2003 to 2007. She re-contested during the 2011 general election but was unsuccessful.

Daisy attended Ahmadu Bello University in Zaria, Kaduna State, where she earned a law degree. She later worked as an executive assistant at NAL Merchant Bank. After leaving NAL, she worked as a company secretary and legal adviser for the Nigerian Television Authority.

Endowed with both beauty and brains, Daisy Danjuma sits as the Chairman of May and Baker Nigeria Plc. She has also been on the boards of directors for various businesses. 

Moreover, between 1999 and 2003, she served as Chairman of South Atlantic Petroleum Limited. In 2021, she was named ‘Woman of the Year’ at the tenth Edo Festival and Award Ceremony in London, United Kingdom.

13. Ahmadu Adamu Mu’azu

Adamu Mu'azu

Net worth: $895 million

Ahmadu Adamu Mu’Azu was the governor of Bauch State and the previous PDP chairman. Also, he worked as the property manager for the Bauch State Investment and Development Company. 

Adamu Mu’azu worked as a quantity surveyor manager for Kano State’s Ministries of Health and Social Welfare from 1980 to 1983. He handled construction projects and contributed to the development of public infrastructure.

Moving forward, from 1984 until 1987, he was the chairman of the Federal Polytechnic in Idah. Where he oversaw the institution’s operations and encouraged academic expansion. 

Then, from 1986 until 1990, he served as chairman of the Benue-Plateau Construction Company in Jos, where he helped the company succeed in construction projects. 

14. Rotimi Ameachi

Rotimi Ameachi

Net worth: $780 million

Born on May 27th, 1965, he served as governor of Rivers State from 2007 to 2015. He’s presently Nigeria’s Minister of Transportation. In early 2019, Rotimi Amaechi was the director general of President Muhammadu Buhari’s reelection campaign.

He comes in at number 14 on the list of the top 20 richest politicians in Nigeria. In early 2019, he served as the director general of Buhari’s reelection campaign. He was also the previous governor of Rivers State. Above all. below are some of Rotimi Amaechi’s expensive vehicles:

  • Mercedes-Maybach Vision 6
  • Mercedes AMG G63
  • Mercedes S550 Land Rover Discovery
  • Brazilian Embraer Legacy Private Jet.

15. Godswill Akpabio

Godswill Akpabio

Net worth: $550 million

The former minister of the Federal Republic and former governor of Akwa-Ibom State (2007–2015) is a well-known politician and lawyer. Before his political career, Akpabio taught and worked for a Nigerian legal firm.

Also, he served as an executive for a wireless telecommunications firm in Lagos. Akpabio made substantial contributions to the telecom business before venturing into politics. Serving in numerous ministerial and gubernatorial roles in Akwa Ibom State.

Furthermore, he served in prominent capacities as Senate Minority Leader and Chairman of the PDP Governors Forum. Later on, he was named Minister for Niger Delta Affairs, and in 2023, he became the Federal Republic of Nigeria’s Senate President.

16. Nyesom Wike

Nyesom Wike

Net worth: $550 million 

Born on December 13, 1967, Ezenwo Nyesom Wike CON works as an attorney and a politician. In 2023, he got the appointment to serve as the Federal Capital Territory’s minister. 

From 2015 to 2023, he held the office of governor of Rivers State. He’s from Ikwerre, Obio-Akpor, Rivers State, Rumuepirikom. He received his education from the Rivers State University of Science and Technology, and he’s a member of the People’s Democratic Party.

Along with his law degree, Wike graduated from RSUT with a Master of Arts in Political and Administrative Studies. Today, he’s a lawyer and politician in Nigeria, and his career has been greatly influenced by his academic accomplishments.

17. Stella Oduah

Net worth: $500 million

Nigerian senator and former minister of aviation, Princess Stella Oduah Ogiemwonyi, née Oduah, was born on January 5, 1962. On July 2, 2011, she took her oath of office and was confirmed as a minister. 

On July 4, 2011, she became the Minister of Aviation by appointment until February 12, 2014. Nevertheless. She participated actively in former President Goodluck Jonathan’s political campaign, working as the Director of Administration and Finance for it.

Stella Oduah-Ogiemwonyi has been embroiled in several scandals, including claims that she lied about how she earned an MBA from St. Paul’s College. There’s the wildly exaggerated purchase of BMW bulletproof cars without adherence to the law attached to them.

18. Adams Oshiomole

The top 20 richest politicians in Nigeria

Net worth: $500 million

Nigerian politician Adams Aliyu Oshiomhole was born on April 4, 1952, and has served as the senator for the Edo North Senatorial District since 2023. He was the All Progressive Congress’s previous national chairman and he’s sitting at no 18 among the top 20 richest politicians in Nigeria.

Earlier, from 2008 to 2016, he held the positions of governor of Edo State and president of the Nigeria Labour Congress. Oshiomhole’s contributions to humanity have received numerous honors and accolades. Few among these honors are:

  • The Man of the Year title comes from Silverbird (2008). 
  • Recognition awards by the SERAs, Social Enterprise Reports and Awards (2011)
  • Best Governor of Edo State (2015)
  • Governor of the Year (2015) by Vanguard personality of the year.
  • Samuel Adegboyega University awarded him an honorary doctorate in 2016.

19. Muhammad Buhari

The top 20 richest politicians in Nigeria

Net worth: $80 million 

Muhammadu Buhari is a Nigerian politician and the former President of Nigeria. He was born on December 17, 1942, in Daura, Katsina State, Nigeria.

After leaving the military, Buhari ventured into politics and ran for the presidency several times. He eventually won the 2015 presidential election under the platform of the APC. Defeating the incumbent president, Goodluck Jonathan. 

He was re-elected for a second term in 2019. Muhammadu Buhari’s wealth comes solely from his career as a politician, and that’s how he’s been able to make it onto our list of the top 20 richest politicians in Nigeria.

20. Dino Melaye

The top 20 richest politicians in Nigeria

Net worth: $70 million

Dino Melaye was born on January 7, 1974, in Ayetoro Gbede, Kogi State’s Ijumu Local Government Area. Under the banner of the People’s Democratic Party, Dino is among the most powerful politicians. Being a wealthy politician in Nigeria, he doesn’t hesitate to flaunt his wealth. 

Before his termination in 2019 by the state’s gubernatorial election tribunal, Dino Melaye served as a senator. As well as a member of the 8th National Assembly, representing the Kogi West Senatorial constituency. 

With a vast collection of high-end vehicles to prove it, Dino Melaye is a true auto fanatic. Among them are:

  • Three Rolls-Royces.
  • Bugatti Veyron.
  • Lamborghini Huracan Continental Bentley.
  • Mercedes G55 Mansory.
  • McLaren MP14.

Wrapping Up 

The top 20 richest politicians in Nigeria listed above have not only amassed significant wealth, but they’ve also played crucial roles in shaping the country’s political landscape. Their influence and power extend beyond their fortunes, impacting the lives of millions of Nigerians.

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