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Top 10 Richest Politicians In Nigeria and their Net Worth 2020 [Business Owned]

Top 10 Richest Politicians In Nigeria and their Net Worth 2020, Post held and Business Owned

Can you talk about the richest African countries without mentioning Nigeria?

Lol! No! Don’t get it twisted, lemme quickly remind you that Nigeria is the 6th most populated country In the world and the first in Africa.(Population over 213 Milion)

Have you also asked yourself why Nigeria is often reffered as the ‘Giant of Africa’? Alright, I will answer you; Nigeria has the biggest economy in the entire Africa.

HEY!! CALM DOWN!! Do You Know You can Get All Our News Reports On WhatsApp? CLICK HERE to Check out!!

The Nigerian economy is a Crude Oil generated economy of which you and I can testify that Crude Oil is one of the most valuable mineral resources in the world.

But let’s not go into that to avoid a lengthy discussion.

Now! Let’s talk about politicians and politics in Nigeria.

Nigeria runs a democratic system of government and officials are elected from a political party to occupy key governmental positions.

But there are some things that marvels most Nigerian citizens, and that is ‘How Lucrative the Nigerian politics is’

Most individuals who ventured into Nigerian politics never wishes to retire, some of them turn out to be excessively rich after handling a position in the government.

This has made some Nigerians to nurse the idea of going into politics (though, I am not an exception)

So some of the Questions that needs to be answered are; What earns Nigerian politicians these money? How many Businesses do these politician own? Where do Nigerian politicians get all these wealths?.

These are questions we will discuss in this blog post.

It might also interest you to know that most rich men in Nigeria are either passive, active, or mere associates of politicians.

Anyway, before I begin to go into details on what businesses owned by these politicians including revealing their portfolios, Below is a table listing the Top 10 Richest Politicians In Nigeria.

Top 10 Richest politicians In Nigeria

RankNamesNetworth($)Govt. Position
1Ibrahim Babangida$5BillionFmr. Mil Head of states
2Bola Tinubu$4BillionFmr. Lagos state Governor
3Olusegun Obasanjo$1.8BillionFmr. President
4Atiku Abubakar$1.5BillionFmr Vice President
5Orji Uzor Kalu$1.4Billionfmr. Abia state Governor
6Ifenyi Ubah$1.2BillionSenator Nnewi North
7Rochas Okorocha$1.1BillionFmr. Imo state Governor, currently Senator Imo East
8Dino Melaye$800MillionFmr Senator Kogi West
9Rotimi Amechi$780MillionFmr. Rivers State Governor, Currently Minister for Transport
10Ben Bruce$716MillionSenator Bayelsa East
List of Top 10 Richest Politicians In Nigeria

Top 10 Richest Politicians In Nigeria and Their Net Worth.

Ibrahim Babangida, former military Head of States


Ibrahim Babangida born August 17, 1941, popularly known as IBB, is no doubt Nigerian richest politician, he is one of the military head of state during military rule in Nigeria from 1985 until resignation in 1993. He is Married to Maryam Babangida (deceased) with four (4) children.

One of the things he is mostly remembered for in Nigeria politics is that he annulled the June 12 presidential elections won massively by MK Abiola in 1993.

Businesses Owned: little is known about Ibrahim Babangida’s businesses or investments, but he is reportedly said to have a 65% share in Fruitex international, a petroleum firm in London, and a 24% share in Nigeria biggest indigenous telecom giant GlobalComm (GLO). Nigerian Finder Reports

Babangida’s Net Worth is estimated to be $5Bn.

Bola Ahmed Tinubu

2. Bola Ahmed Tinubu – Net Worth $4bn (Lagos state)

Bola Ahmed Tinubu often referred to as Jagaban Of Lagos, born 29 March 1952, is one of the past governors of Lagos state from 1999-2007 and was succeeded by Babatunde Fashola.

Bola Ahmed Tinubu is married to Oluremi Tinubu current senator of Lagos-central Senatorial district.

Tinubu is one of the major stakeholders in All progressive Congress APC and notably one of the key personnel who got APC victory against the then-president Goodluck Johnathan in 2015.

Businesses owned: Bola Ahmed Tinubu is the founder of The Nations Newspaper(July 31, 2006) and Lagos Oriental Hotel a 5-star Hotel in Lagos other businesses owned by Tinubu includes: Tejuoso Market, First Nation Airline, The Nations Newspapers, TVC Television and Radio, Trojan Estate, Lekki Concession Company, Oando Oil, Renaissance Hotel, Ikeja Shopping Mall, Lakowe and so on. (IssuesNG compiled this from NaijaAuto

Olusegun Obasanjo
Olusegun Obasanjo; former president of Nigeria

3. Olusegun Obasanjo – Net Worth $1.8Bn (Ogun State)

Olusegun Obasanjo popularly known as OBJ was born on July 5, 1937. He was a two-time president of Nigeria, both as Military and Civilian.

Rumors have it that Obasanjo has only but NGN20,000 before he was elected president. (NigerianInfoPedia).

Olusegun Obasanjo believed to be the most influential politician single-handedly rose Nigeria’s economic GDP to 6% in his tenure as a Nigerian President, not only did he achieved this, Obasanjo was the first president to usher in GSM in the country.

Businesses Owned: although rumored to own many Oil wells in Nigeria, Obasanjo is also a farmer in possession of OTTA FARM a Nigerian poultry farm responsible for 6000 employment opportunities in Nigeria.

He is also the founder and owner of The Bells Comprehensive Secondary School, Ota, Ogun State, and The Bells University of Technology.

Atiku Abubakar; Former Vice President of Nigeria

4. Atiku Abubakar Net Worth $1.4Bn (Adamawa state)


Atiku Abubakar was born on 25 November 1946, in Jada, a village which was then under the administration of the British Cameroons, a territory later joined with the Federation of Nigeria in 1961.

He was the Vice President of Nigeria under Olusegun Obasanjo 1999-2007, although he is accused of corruption by his Boss Obasanjo, he was later declared SAINT by the same Obasanjo.

Not only was a vice president, but Atiku was also twice the governor of his state Adamawa(1990 and 1998) and had contested for Presidency twice but failed, one in 2007 (action congress) and the other in 2019 (PDP).

Businesses owned: Atiku Abubakar worked in the Nigeria Customs Service for twenty years, rising to become the Deputy Director, He is also the Co-founder of INTELS Nigeria (formerly NOTES) an Oil servicing Firm.

Other businesses include Adama Beverages Limited, a beverage manufacturing plant in Yola, an animal feed factory, and The American University of Nigeria (AUN), the first American-style private university to be established in Sub-Saharan Africa.WIKIPEDIA

Orji Uzor Kalu

Orji Uzor Kalu senator Abia East

5. Orji Uzor Kalu Net Worth – $1.6Bn (Abia State)


Orji Uzor Kalu was born April 20, 1960, was the fourth governor of Abia state (1999-2000) and also the 50th richest man in entire Africa. (FORBES)

He became a millionaire at 20 in the early 80s when the Nigerian military government awarded him lucrative contracts to import and supply arms and ammunition to Nigeria’s military and defense forces.

Orji Uzor Kalu is currently a Senator representing Abia-East constituency.

Businesses Owned: Slok Holding a company interested in oil and gas, banking and finance, media and publishing, real estate, trading, manufacturing, insurance, and tourism.

He is also the owner of The Sun Newspaper and The New Telegraph Newspapers

Ifeanyi Uba, Chairman Ifeanyi Uba FC

Ifeanyi Uba, Senator representing Nnewi North

6. Ifeanyi Uba Net Worth – $1.5bn(Anambra State)

Ifeanyi Uba, was born in a poor family on September 13,1971.

He started his journey towards wealth atge age of 16 as a motor spare parts exporter from Nigeria to Sierra Leone to Ghana.

Ifeanyi Uba is a reputable Oil Investor and currently the senator representing Nnewi North LGA, Anambra. WEBBBSPY

Businesses Owned:
Capital Oil and Gas
Ifeanyi Uba FC a football club in anambra state also known as Anambra Warriors.

Rochas Okorocha Former Governor of Imo state

7. Rochas Okorocha Net Worth – $1.1M (Imo State)

Rochas Okorocha was born September 22, 1962. He is politician and philantropist from the South-eastern part of Nigeria.

Rochas made his wealth in business before venturing into politics. He made the first one million dollars as a commission agent from the sale of used equipment in Bauchi State where Balfour Beatty was constructing the Balanga Dam.

He(Rochas) was former Governor of Imo state(2011-2019) and currently the senator representing Imo east in the red chambers.

Business Owned:
• Rochas Motors a company that deals with the sales of cars
• Rochas Foundation Inc
• Rochas Group of Companies Limited

Dino Melaye Former Senator representing Kogi West
Dino Melaye Former Senator representing Kogi West

8. Dino Melaye Net Worth -$800M (Kogi State)

Dino as often called is born on 1 January, 1974. He is a Politician, a social media influencer and an Actor(notable for his dramatic actions in the senate house).

Dino started his politicking during his university days as an undergraduate. His active activities in student unionism earned him an appointment by then president of Nigeria Olusegun Obasanjo as the Chairman President Advisory Council of Youth.

Business Owned: Dino Melaye has no known business.

Rotimi Amaechi Former Governor Of Rivers state.
Rotimi Amaechi Former Governor Of Rivers state

9. Rotimi Amaechi Net Worth – $780M (Rivers State)

Rotimi Ameachi was the former Governor of Rivers State from (2007-2015) and succeeded by Gov. Nyesom Wike.

He was once a Speaker of House Of Representative from 1999-2007.

Amaechi is notably know for his unending support for the Mohammadu Buhari’s Administration.

He is currently the the Minister Of Transportation under Buhari.

Business Own:

Unkwon to us

Senator Ben Murray Bruce of Bayelsa State

10. Ben Murray Bruce Net Worth $716M (Bayelsa State)

Ben Murray Bruce was born 18 February 1956, is a public speaker and business mangnate. he is a member of the Peoples Democratic Party PDP and was elected senator representing Bayelsa East in the red chambers (2015-till now)

He once a Director General of the Nigerian Television Authority NTA.

Ben ran for Bayelsa governorship and was unsuccessful in 2014.

Ben Murray Bruce is often regarded as ‘The White Man in the Senate’

Business Owned:
SilverBird Group a multinational real estate, mass media and entertainment company. Its houses:
• The popular SilverBird Television
• Rhythm FM 93.7
• SilverBird Cinema
• SilverBird Property(real estate firm)
• SilverBird Productions



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