Top richest politicians in Nigeria according to Forbes

It is not a news that there is richness in the Nigerian politics sector. In this post, we are going to discuss with you top 20 richest politicians in Nigeria and their net worth according to Forbes.

If you are interested to know the list and explanation of top 20 richest Politicians in Nigeria, then let’s just simply start as that is the topic of our discussion today.

Top richest Politicians in Nigeria

Now, the name of top richest politicians in Nigeria according to Forbes with their expensive cars, houses, properties net worth, in fact, everything about them are discussed below one by one.

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#1. Chief Bola Ahmed Tinubu

Chief Bola Ahmed Adekunle Tinubu was born on 29 March 1952. He is a Nigerian politician and a national leader of the All Progressives Congress. He was a Lagos State Governor from 1999 to 2007.

Jagaban, as he is fondly called is also a business man recognized as one of the richest politicians in Nigeria having an estimated net worth of about $4 Billion. Bola Tinubu is married to Oluremi Tinubu blessed with five children.

Bola Tinubu’s landed properties scattered across Nigeria are worth over ₦120 billion including the mansion worth ₦5 billion at Bourdillon drive, Ikoyi, Lagos. He owns a G-Wagon worth ₦600 million, 2 other Mercedes Benzes, a Range Rover, a Lexus LX 550 and other luxurious vehicles which are undisclosed. Let’s not forget his Bombardier Global Express XRS worth $60 million, it’s probably not his only jet.

#2. Ibrahim Babangida

Ibrahim Babangida had allegedly got a lot of money during his tenure as Major General, which he publicly denied. He also owns 65% of the London-based Fruitex International Limited in London, 24% of Nigeria’s second-largest telecom company, Globacom.

According to Forbes as of early 2022, Ibraham Babangida’s net worth is ₦1 trillion 813 billion ($5 billion), making him one of the top richest politicians in Nigeria.

He has in his garage a BMW 760LI that is worth about ₦35.2 million, 2015 Mercedes-Benz S Class (₦33.7 million, The latest price Mercedes-Benz S Class 2021 which its price starts at ₦218, Toyota Land Cruiser costs about ₦30.6 million and among other luxury cars. Further on, he also has a Learjet 45 worth ₦594.7 million.

#3. Orji Uzor Kalu

Orji Uzor Kalu is a Nigerian politician and the chairman of SLOK Holding, Daily Sun and New Telegraph newspapers in Nigeria. He was born in Abia state on 21 April 1960 and has served as the Governor of the state from 29 May 1999 to 29 May 2007.

Furthermore, Uzor Kalu owns several mansions across high-demanding locations in Nigeria and abroad. A notable one is Camp Neya which built in his hometown, Abia State.

In 2014, it is reported that his 5th private jet, the Gulfstream G650 model which is worth a whopping ₦11.5 billion. In 2018, he bought another 7th jet codenamed N7-OUK. Apart from all jets he has, he has also in his car pack has exotic cars including a Bentley, a Range Rover, Mercedes Benz S550 and a Mercedes Benz C Class among others.

#4. Ahmadu Adamu Mu’Azu

Ahmadu Adamu Mu’azu was born on 11 June 1955 in Bauchi state. From 29th May 1999 to 29 May 2007, he ruled Bauchi politically as a governor of the state . In 2013, he was appointed as a PDP National Chairman.

Due to his condolence services he made for the people of Bauchi state during his administration, many people are ready to vote for him to the position of the federal republic of Nigeria’s president in 2023. Being one of the top richest politicians in Nigeria, Mu’Azu has a lot of an expensive cars including Lexus LX570, a Range Rover Discovery, Toyota Sequoia and among others.

In April 2019, the Economic and Financial Crimes Commission (EFCC) busted a mansion in Ikoyi as part of Buhari’s anti-corruption campaign and discovered over $50 million of cash hidden in fire-resistant cabinets behind false walls. However, the company that built the house stated that Ahmadu Adamu Mu’Azu is the owner but he rejected all the accusations.

#5. Rotimi Amaechi

Rotimi Amaechi, born on 27th May, 1965 in Rivers state is another one of the richest Nigerian politicians who had served as a governor of his state from 2007 to 2015 and currently serving as the Minister of Transportation.

Being one of the top richest politicians in Nigeria, Mr. Rotimi Amaechi has a lot of different luxury cars including a rare Mercedes-Maybach Vision 6, a Mercedes Amg G63, Mercedes S550, a Land Rover Discovery, a Lexus LX 570 and among others.

He also owns a private jet worth about N9 billion and expensive houses in the most demanding locations in Nigeria and abroad.

#6. Atiku Abubakar

With a net worth estimated at $1.4 million, Atiku Abubakar also possesses many valuable expensive properties such as an Embraer Phenom 100 private jet worth $4.1 million and a $2.95 million mansion near Potomac, Maryland, USA. Among others, he has a ranges of luxury cars such as an expensive latest Range Rover, a Mercedes S550, a Lexus 570, a Toyota Land Cruiser and many more.

Atiku Abubakar is now one of the richest Nigerian politicians who served as the Vice President of Nigeria from 1999 to 2007 with former president Olusegun Obasanjo.

He was born in Adamawa state on 25th November 1946. Apart from being a politician, Atiku Abubakar owns a variety of businesses in Nigeria and abroad ranging from beverage, media, education and others.

#7. Olusegun Obasanjo

Chief Olusegun Obasanjo is one of the top richest politicians in Nigeria who served as Nigeria’s head of state from 1976 to 1979 and also served as president from 1999 to 2007.

OBJ, as he is fondly called, owns the largest chicken farm in West Africa called Otta Farms.

He has different properties including houses, cars, education, etc. He also has a Mercedes-Benz S63 Sedan, a Lexus 570, a Toyota Land Cruiser and a Toyota Highlander 2017. He also owns a Bombardier Challenger 300 jet and a Helicopter worth about $42 million.

#8. Rabiu Kwankwaso

Rabiu Kwankwaso is politician in Kano state. He was in two times (2-term) the Governor of Kano state, from 1999 to 2003 and 2011 to 2015, respectively.

He attended Middlesex University London from 1982–1983 and Loughborough University. Kwankwaso was born on 21st October 1956 in Kano state.

He is also one of the top richest politicians in Nigeria with an estimated net worth of $1.1billion according to Forbes.

Read this also: top richest men in Kano state.

#9. Dino Melaye

Dino Melaye is a Nigerian politician, a former Senator and was a member of the 8th Nigerian National Assembly, representing Kogi West Senatorial district. He was born on 1st January 1974 in Ayetoro Gbede in Ijumu Local Government Area of Kogi State.

Senator Dino Melaye is presently one of the top richest most influential politicians in Nigeria with an estimated net worth of $845 Million according to Forbes in 2022.

Dino Melaye is a politician who really loves cars. Among his expensive car collections are Bugatti Veyron (₦616 million), 3 Roll-Royces (₦318 million combined), a Lamborghini Huracan (₦86.7 million), a Bentley Continental (₦71 million) and many other extravagant supercars such as the McLaren MP14.

#10. Rochas Okorocha

Right from the beginning of his political career, Rochas Okorocha is an Igbo man born and raised up in Imo State. He was the Senator representing Imo West Senatorial district at the 9th Nigerian Senate and also the former Governor of Imo State.

In the year 2018, Rochas Okorocha was reported by Forbes as one of the richest politicians in Nigeria with an estimated net worth of $1.4 billion. He owns different expensive cars such as Rolls-Royce Phantom, a Mercedes-Benz S600, a Mercedes-Benz Klassen V220, Mercedez Benz AMG63, a Lexus LX 570 and among others.

Being one of the top richest politicians in Nigeria, Rochas Okorocha owns expensive houses and jets. In fact, one of his private jets, LearJet 45 which he bought in 2015 worth N700 million.

NameNet worth
Ibrahim Babangida$5 billion
Chief Bola Ahmed Tinubu$4 Billion
Atiku Abubakar $1.8 Billion
Olusegun Obasanjo$1.6 Billion
Rochas Okorocha $1.5 Billion
Orji Uzor Kalu$1.1billion
Dino Melaye $800 million
Ahmadu Adamu Mu’Azu$895 million
Rotimi Amaechi$780 million
Rabiu Kwankwaso $1.15 billion

Famous Nigerian Politicians according to Forbes

NamePositionNet worth (₦)
Chief Bola Ahmed TinubuFormer Governor of Lagos State₦3 trillion 46 billion
Ibrahim Badamasi BabangidaFormer Military President of Nigeria₦1 trillion 813 billion
Ifeanyi UbahAnambra South Senator₦616 billion 454 million
Olusegun Obasanjo Former Nigerian Army GeneralFormer Nigeria’s Head of State₦580 billion 192 million
Rochas OkorochaFormer Governor of Imo State₦507 billion 668 million
Atiku AbubakarFormer Vice President of Nigeria₦507 billion 668 million
Orji Uzor KaluFormer Governor of Abia State₦398 billion 882 million
Ahmadu Adamu Mu’AzuFormer PDP Chairman and Former Governor of Bauchi State₦324 billion 545 million
Dino MelayeFormer Senator, Kogi West₦290 billion 96 million
Rotimi AmaechiFormer governor of Rivers state and Former Minister of Transportation₦282 billion 843 million


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Abdulrazaq Yahaya

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