Richest Politician in Nigeria 2024, Biography and Net Worth

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Talking about the Richest Politician in Nigeria, politicians are people or individuals who play active politics or people who hold public offices either by election or appointment. Who is the Richest Politician in Nigeria today? This is a question that is most asked among Nigerians, and most especially Nigerian youths.

Politicians are are very important people in the society, they represent the interest of the public and make decisions that profits the citizens. For the sake of this article, we will be discussing the richest politician in Nigeria, his biography, source of wealth and other top Richest Politicians in Nigeria.

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Who is the Richest Politician in Nigeria?

The current richest politician in Nigeria is President Bola Ahmed Tinubu GCFR  with an estimated net worth of over $8.4 billion. Tinubu is the 16th and current president of Nigeria, he was the formal governor of Lagos State from 1999-2007, he was also a formal senator for Lagos state senatorial district in the third republic.

He was born in Lagos 1952, to a Muslim family from the yoruba ethnicity group, the second biggest in Nigeria.

In 1970’s, Tinubu studied in Chicago State University in the United States while working as a taxi driver, dishwasher and overnight guard to Fund his education.  In 1979, he graduated from Chicago State University with a degree In Business Administration.

After graduation, he stayed back and worked for the US consultancy firm for some years. He later returned back to Nigeria and worked for the Mobile Oil Company as an auditor in the 1980’s.

In the 1990’s, he got involved into politics and was elected governor of Lagos State when Military ended in 1999. Today he is sometimes referred to as “Political God Father”.

Richest Politician in Nigeria

Bola Ahmed Tinubu Biography

  • Full Name: Bola Ahmed Adekunle Tinubu
  • Date of Birth: 29th March, 1962
  • Date Assumed office as president: 29th May, 2023
  • Vice President: Kashim Shattima
  • Political Party: All Progressive Congress
  • Date Assumed Office as Governor: 29th May, 1999
  • Deputy: Kofoworola Bucknor and Femi Pedro
  • Date Assumed office as Senator: 5th December, 1992 – 17th November, 1993
  • Name of Wife: Oluremi Tinubu
  • No of Children: 6
  • Education: Richard J. Daley college and Chicago State University.
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Source of Bola Ahmed Tinubu Wealth

Bola Ahmed Tinubu did not declare the exact source of his wealth, he claims he had many investments and shares as the backbone of his massive wealth.

He also said “I inherited real estate; I turned the value around”.

Responsibilities of Politicians

This are some of the responsibilities of Politicians in the world;

  • They regulate the constitution.
  • They draft the rules.
  • They place and manipulate the government Policies.
  • They influence decisions of sisters country directly and indirectly.
  • Lastly, the maximize and leverage the natural and mineral resources in a nation.

Top 10 Richest Politicians in Nigeria and their Net Worth

Based on money made from politics, investment and overall net worths, below are some of the top 10 richest politicians in Nigeria.

  • Bola Ahmed Adekunle Tinubu (Net worth $8.4 billion)
  • Ibrahim Badamasi Babangida (Net Worth $5 billion)
  • Patrick Ifeanyi Ubah (Net Worth $1.7 billion)
  • Chief Olusegun Mattew Obasanjo (Net Worth $1.6 billion)
  • Rochas Okorocha (Net Worth $1.4 billion)
  • Atiku Abubakar (Net Worth $1.4 billion)
  • Orji Uzor Kalu (Net Worth $1.1 billion)
  • Ahmadu Adamu Mu’Azu (Net Worth $895 million)
  • Dino Melaye (Net Worth $800 million)
  • Rotimi Amaechi (Net Worth $780 million)
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Top 10 Richest Politicians in Nigeria, Biography and Their Net Worth

  • Bola Ahmed Adekunle Tinubu GCFR

Net Worth: $8.4 Billion (#3 trillion 46 billion)

Age: 72 Years

Political Party: All Progressive Congress

  • Ibrahim  Badamasi Babangida GCFR

Net worth: $5 Billion (#1 trillion 813 billion)

Age: 82 Years

Political Party: People’s Democratic Party

  • Patrick Ifeanyi Ubah

Net Worth: $1.7 Billion (#616 billion 454 million)

Age: 52 Years

Political Party: All Progressive Congress

  • Chief Olusegun Mattew Obasanjo GCFR

Net Worth: $1.6 Billion (#580 billion 192 million)

Age: 87 Years

Political Party: People’s Democratic Party

  • Owelle Rochas Okorocha

Net Worth: $1.4 (#507 billion 668 million)

Age: 61 Years

Political Party: All Progressive Congress

  • Atiku Abubakar GCON

Net Worth: $1.4 Billion (#507 billion 668 million)

Age: 77 Years

Political Party: People’s Democratic Party

  • Dr Orji Uzor Kalu

Net Worth: $1.1 Billion (#398 billion 882 million)

Age: 64 Years

Political Party: All Progressive Congress

  • Ahmadu Adamu Mu’Azu CON

Net worth: $895 million (₦324 billion 545 million)

Age: 68 Years

Political Party: People’s Democratic Party

  • Dino Daniel Melaye

Net Worth: $800 Million (#290 billion 96 million)

Age: 50 Years

Political Party: People’s Democratic Party

Rotimi Amaechi CON

Net Worth: $780 Million (#282 billion 843 million)

Age: 58 Years

Political Party: All Progressive Congress


The above listed politicians are the Top 10 Richest Politicians in Nigeria 2024. Their wealth are acquired through various means like business ventures, investments, stealing of public funds.

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