Top richest men in Lagos according to Forbes (2022)

Do you want to know the name of top richest men in Lagos with their net worth, type of an expensive lifestyle they live, cars they drive, etc. according to Forbes in 2022? Please read this post to find out top 20 richest men in Lagos one by one.

Lagos is the biggest city in Nigeria and in the whole Africa at large. We have compiled this article with the name of top famous richest men in Lagos with what they do as a career, how much is their net worth, cars they drive, houses they have in Nigeria and abroad, their private jets, etc.

Lagos’ top 2022 richest men

#1. Akinwumi Ambode

Akinwunmi Ambode is one of the richest men in Lagos state and former Governor of the state who ruled from 2015 to 2019. At the time when he was not a politician, he was a civil servant who served for 27 years and a financial consultant.

The net worth of Akinwunmi Ambode is approximately $14 Million.

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#2. Folorunsho Alakija

Folorunsho Alakija is a Nigerian billionaire businesswoman and philanthropist born on 15 July 1951 in Ikorodu, Lagos state. The type of her business is involved in fashion, oil, real estate and printing industries.

She is not only known as one of the richest in Nigeria but also in other countries. In fact, in 2021, according to Forbes, she was known as the richest woman with an estimated net worth of $1 billion. In 2015, she was ranked as the second most powerful woman in Africa and 87th in the world by Forbes.

Folorunsho Alakija has different expensive properties including houses, cars, business, private jets and among others. Her residential mansion house is one of the most expensive houses in Nigeria as well as in the whole of Africa worth about $700M.

#3. Segun Agbaje

Segun Agbaje is the Managing Director of Guaranty Trust Bank (GTB) and one of the richest men presently live in Lagos. Apart from being an MD, he is also a Director of PepsiCo and member of the Mastercard Advisory Board, Middle East and Africa.

He partially acted as the GTB’s Managing Director when Tayo Aderinokun, the former one was on medical leave in April 2011. In June 2011, Segun Agbaje fully became an MD of GTBank.

Segun Agbaje is a professional entrepreneur with a background in investment, management and customer experience, seeking to progress his career in an organization focused sector. His net worth as of 2021 according to Forbes was ₦400 million.

#4. Adewale Tinubu

Adewale Tinubu is a Nigerian businessman, consultant, lawyer and the chief executive officer of Oando PLC. He began his career in 1992 as an attorney specializing in corporate and petroleum law assignments.

Born on 26 June 1967, he is the nephew of Bola Tinubu, a Nigerian politician, former governor of Lagos State and the national leader of the All Progressives Congress (APC) political party.

His net worth is $32.7 Billion Dollars according to Forbes in 2021 which makes him one of the richest and most influential men in Lagos and Nigeria at large.

#5. Miriam Olusanya

Miriam Olusanya has in July 2021 became the Managing Director of Guaranty Trust Bank, the first woman to ever hold the position.

She did a degree of Pharmacy in the University of Ibadan and a Master of Business Administration from the University of Liverpool. Miriam Olusanya is one of the richest entrepreneur women currently lives in Lagos. Her net worth is yet unknown.

#6. Babajide Sanwo

Babajide Sanwo is the current Governor of Lagos State. He is a member of the All Progressives Congress born in Lagos on 25 June 1965.

The current governor of Lagos state, Babajide Sanwo is one of the top richest men in Lagos having a net worth of over 200 Million US Dollars which is approximately 82.6 Billion) Naira as of 2021.

Sanwo had a BSc in Surveying and Geo-information and an MBA from the University of Lagos. He is also an alumnus of the John F. Kennedy School of Government, the London Business School and the Lagos Business School.

#7. Femi Otedola

Femi Otedola is a businessman, philanthropist and former chairman of Forte Oil PLC, an importer of fuel products. Currently, Otedola is the founder of Zenon Petroleum and Gas Ltd and the owner of a number of other lucrative businesses across shipping, real estate, finance and among others.

 Otedola was born in Ibadan on 4 November 1962. After his high school education, he then from 1980–1985 attended Obafemi Awolowo University (OAU) where he studied a degree course.

Being one of the top richest men in Lagos state in 2022, Femi Otedola has an estimated net worth of $6b according to Forbes. Otedola has expensive houses in different location in Nigeria, Dubai, London, New York City etc.

His source of wealth include Oil & Gas, Hotels, Real Estates, investments etc. He has a Mercedes-Benz AMG G63 worth N73 million, a G-Wagon costing N53 million, a Mercedes SLR McLaren worth N250 million and among others.

#8. Mike Adenuga

Michael Adenuga is also one of the top richest men in Lagos also recognized as the third richest man in the whole Africa. He focuses on digital entrepreneurship. In fact, one of his digital companies, Globacom is Nigeria’s second-largest network provider as well as in Ghana and Benin.

Michael was born in Ibadan, Oyo state on 29 April 1953. He is the second wealthiest Nigerian making his wealth from Telecommunication, Oil production and marketing. In fact, at the age of 26, he made his first million while importing lace materials and distributing Nigerian Bottling company products.

As of 2022, according to Forbes, his net worth is estimated at $6.2 billion. His has a private jets including the luxury AMG C63. He also has a luxurious cars including Armored Bentley Mulsanne worth about ₦110.5 million, Mercedes-Maybach S-Class worth about ₦72.1 million, Mercedes Benz AMG C63 worth about ₦24.3 million and among others.

#9. Sen. Remi Tinubu

Oluremi Tinubu was born on 21 September 1960 in Ogun State, Nigeria. She is the former first lady of Lagos State and currently a senator representing Lagos Central Senatorial District. She is a politician and a member of the All Progressives Congress (APC) political party.

Being a senator in Lagos state and wife of former Lagos state governor, Bola Tinubu, Sen. Remi Tinubu is one of the top richest men in Lagos state having a networth estimated at $9.2 million.

She studied in Obafemi Awolowo University and now she is blessed with three children; Folashade Tinubu-Ojo, Abibat Tinubu and Seyi Tinubu.

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#10. Musiliu Obanikoro

Musiliu Obanikoro is another one of the top richest men who was born in 1957 currently living in Lagos Nigeria. He was from 2003–2007 served as Senator in Lagos State before he had appointed High Commissioner to Ghana.

 According to his properties including cars, houses and among others, the net worth of Musiliu Obanikoro is between $1 Million – $5 Million. He has an expensive range rovers, MERCEDEZ BENZ and among others.

#11. Olujimi Kolawole Agbaje

Olujimi Kolawole Agbaje is a Nigerian Pharmacist born in Lagos on 2 March 1957. Beside from being a pharmacist, he is also a politician contested for Lagos state governor in 2015.

#12. Bola Tinubu

Bola Tinubu is a Nigerian politician and a current national leader of the All Progressives Congress (APC) born on 29 March 1952 in Lagos. He was a Lagos State Governor from 1999 to 2007.

In Lagos, Bola Tinubu is fondly called Jagaban. Presently, he is recognized as one of the top richest men in Lagos having an estimated net worth of about $4 Billion. He has a luxurious Land Range Rover, Prado Jeep, private jets, etc. He also has mansions built in different places in Nigeria and abroad. 

#13. Tony Elumelu

Tony Elumelu is another one of the top richest men in Lagos who was born on 22 March 1963 in Jos, Plateau state. He is an economist, philanthropist, a Business owner and founder of The Tony Elumelu Foundation.

In two consecutive years, 2020 and 2021, Tony Elumelu was ranked to be 100th most influential people in the world. His net worth as of 2021 was more than $1 billion. His source of wealth is investments in business sectors such as financial services, energy, real estate, banking, etc.

Being the richest man, he has a lot of different expensive cars including Range Rover, Mercedes Benz S-class, BMW M3, Rolls-Royce Phantom, etc. He also has a private jet called Falcon 7X, the one of the most expensive in the world.

#14. Jim Ovia

Jim Ovia is a businessman born on  4 November 1951 in Agbor, Delta State presently lives in Lagos. He is the founder of Zenith Bank established 1990.

The net worth of Jim Ovia according to Forbes in 2022 is estimated at $9 billion. He makes his wealth from the banking sector. His bank, Zenith bank is one of the best banks in Nigeria.

Jim Ovia’s has a lot of other businesses across Nigeria and abroad. He lives in a well-furnished houses and can he can buy any type of car of his choice. He married to Kay Ovia who is an alumni of Enugu State University of Technology (ESUT) holding an MBA degree in Management. Both of them have been blessed with children.

#15. Herbert Wigwe

Herbert Wigwe is also one of the top richest men in Lagos born on 15 August 1966 in Ibadan, Oyo state. He is a Nigerian banker and entrepreneur.

Wigwe is currently a CEO and Group managing director of Access Bank plc. He started his banking career with Coopers and Lybrand Associate, an international firm of chartered accountants.

His net worth according to Forbes in 2022 is around $69 million. He also has a luxurious cars and most demanding residential houses built in Nigeria and abroad.

#16. Davido

David Adedeji Adeleke, also known as Davido by his stage name is a singer, songwriter and record producer born on 21 November 1992.

According to Forbes in 2022, the net worth of Davido is $50 million. He makes his money predominantly from music. He started his own record label in the year 2016 known as Davido Music Worldwide (DMW).

Davido is a musician from rich family. His father, Adedeji Adeleke is a businessman having an estimated net worth of about $900 million. He has a lot of different expensive cars including the latest 2021 Rolls Royce Cullinan worth about ₦585 Million, Lamborghini Huracán, Sprinter Bus, Bentley Bentayga, etc.

#17. Wizkid

Ayodeji Ibrahim Balogun, also by his stage name known as Wizkid born in Surulere on 16 July 1990. He is a singer and songwriter.

Wizkid is one of the richest and the most influential men in terms of music in Nigeria with an estimated net worth of $30 million Dollar. He has a private jet worth about $40 million.

At the Wizkid’s car pack, there is Mercedes Benz G63 AMG worth about60 Million. BMW X6 worth about N11 Million, Porsche Panamera worth about N13 Million, Bentley Continental GT Speed Convertible which cost around ₦45- ₦50 Million.

#18. Linda Ikeji

Linda Ifeoma Ikeji is a Nigerian blogger, writer, entrepreneur and former model born on 19 September 1980 in Nkwerre, Imo state Nigeria. She is one of the richest in Lagos known for her blog and controversial publications online.

Linda is the most influential bloggers in Nigeria and in the whole of Africa at large with an estimated net worth of $40 million dollars according to Forbes in 2o22.

In terms of expensive cars, Linda Ikeji has a lot of them in her garage. She had in 2016 purchased a Limited Edition of 2016 Range Rover worth N90M. She also has 2014 Range Rover Sport and among other expensive cars.

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#19. Odiong Ighalo

Odion Jude Ighalo is a footballer born on 16 June 1989 in Lagos Nigeria. He is not currently living in Nigeria but he had his residential house built in his home town, Lagos. He spent 500 million Nigerian Naira to build the home which houses between 30 to 40 children with separated apartments for boys and girls.

According to Forbes and Wikipedia, Ighalo is rated as one of the top richest men in Lagos with an estimated net worth of $30.7 million which is ₦16 billion equivalent.

As a footballer, Ighalo does have chance for driving, hence, he hasn’t got many cars, but he a White Range Rover Velar worth N50 million and one most expensive Mercedes Benz G-wagon.

#20. Enoch Adeboye

Pastor Enoch Adeboye was born in Ifewara, Osun state Nigeria on 2nd March 1942. He is the current General Overseer of Redeemed Christian Church of God in Lagos.

Pa Enoch Adeboye is rated by Forbes and Wikipedia as one of the richest men of God in Lagos Nigeria and other countries in the world with an estimated net worth of $110m.

At his garage (car pack), he has Mercedes Benz Gelandewagen, Rolls Royce Phantom, Land Rover Discovery and among others. He has also for now got four expensive private jets of different types including gulf-stream 1, gulf-stream v, gulfstream 4, the challenger 604 model.


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Abdulrazaq Yahaya

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