In Nigeria, there are many politicians who are always representing their people both appointed and elected. Talking about the richest politicians in Nigeria, you need to think about previous Governors and Presidents who has participated it the growing of the country in one way or the other.
Many of these politicians are not just into politics alone, they are already established and are still into politics at the same time just like the richest Governors in Nigeria. In this post we will be looking at the top 10 richest politicians in Nigeria 2024 starting from number 10 to number 1.
Top 10 Richest Politicians in Nigeria 2024
10. Orji Uzo Kalu – $1.1B
At number 10 of the richest politicians in Nigeria is Orji Uzo Kalu with a net worth of $1.1B. Orji Uzo Kalu is a prominent figure in Nigerian business and politics. He held the position of governor of Abia state and represented the people’s democratic party from 1999 to 2007.
He is the esteem chairman and CEO of SLOK holdings group of companies. He is also into oil and gas, banking and media sectors. Kalu journey to success is marked by humble beginnings he kick started his entrepreneurial ventures with a $35 loan from his mother venturing into furniture manufacturing and transportation he swiftly amassed wealth becoming a millionaire by the age of twenty. He is recognized for his achievements forbes magazine listed him as the forty ninth richest man on africa’s fifty.
9. Rochas Okorocha – $1.4B
Next is Rochas Okorocha with a net worth of one $1.4B. Rochas Okorocha is a prominent figure in Nigerian politics, he has served as both the governor of Imo state and the senator representing the Imo west senatorial district with an estimated net worth 1.4BN, he ranks among the wealthiest politicians in Nigeria.
Entering politics in the wake of Nigeria’s democratic restoration in 1999 Rochas Okorocha swiftly gained popularity and contested for the governorship in the 2007 general election under the banner of the people’s democratic party (PDP)
Subsequently he transitioned to the all progressive grand alliance (APGA) and later APC winning the gubernatorial seat in 2011 and serving two terms.
While a significant portion of Rochas Okorocha wealth stems from his political endeavors he has diverse defied his portfolio with interests in real estate, agriculture, oil and gas and banking.
8. Olusegun Obasanjo – $1.6B
At number eight is Olusegun Obasanjo with a net worth $1.6B.
Olusegun Obasanjo is a towering figure in Nigerian politics notably served as the country’s first democratic president during the fourth republic. He is instrumental in the founding of the people’s democratic party PDP in 1998. Obasanjo leadership within the party solidified it’s dominance in Nigerian politics for an extended period.
Beyond politics Olusegun Obasanjo, he has investments in agriculture telecommunications and energy sectors. Notably he is the proprietor of auto farms a major poultry enterprise in west africa and is actively engaged in oil production and distribution with in Nigeria.
7. Ifeanyi Ubah – $1.7B
At number 7 is a Ifeanyi Ubah with $1.7B net worth. Ifeanyi Ubah stands as a notable Nigerian entrepreneur and politician boasting an estimated net worth of one point seven billion dollars.
His success not only places him among the wealthiest businessmen in nigeria but also positions him as one of the richest politicians who have adeptly balanced business acumen with political prowess
His journey was marked by his dynamic and innovative spirit evident in his ventures across various sectors. His entrepreneurial endeavors have not only flourished but have also significantly contributed to job creation and economic growth both locally and Nationally.
Coming from a humble background of nine siblings and facing financial challenges, his early life prompted him to leave formal education and enter into trade laying the foundation for his future success.
6. Atiku Abubakar – $1.8B
Next is Atiku Abubakar at one point eight billion dollars. Atiku abubakar stands as one of Nigeria’s wealthiest politicians. His tenure as vice president from nineteen ninety nine to two thousand and seven serving alongside president Olusegun Obasanjo further underscored his prominence in Nigerian politics.
Abubakar’s journey to prosperity began during his twenty year tenure in the nigeria customs service culminating in his appointment as deputy director a position of significant influence within the organization.
Transitioning from military service in april 1999, he embarked on a dual path of business and politics. Widely acknowledged for his substantial wealth, Abubakar financial standing has been subject to speculation with estimates ranging from several hundred million to over a billion dollars
His investment portfolios includes real estate, logistics, agriculture and education both within Nigeria and abroad.
5. David Mark – $2B
At number five is David Mark with a net worth of two billion dollars. David mark born on april 1948 hails from Benue state often referred to as the food basket state of Nigeria.
David Mark’s illustrious career as a Nigerian politician has left an indelible mark on the nation’s political landscape. His professional journey commenced in the military where he honed his skills before seamlessly transitioning to civilian politics
Mark’s versatility became evident as he assumed pivotal role such as minister of communications and minister of defense showcasing his adaptability and competence in various positions.
With an estimated net worth of approximately two million dollars, Mark secures the fifth position among Nigeria’s wealthiest politicians his considerable wealth is attributed not only to his nearly decade long tenure as the Senate President but also to his prior role as communications minister overseeing entities such as the Nigerian telecommunications limited and Nigerian postal service Nipost before their eventual dissolution.
4. Bukola Saraki – $2B
Coming at number four is Bukola Saraki with a net worth of two billion dollars. Bukola Saraki the former governor of Kwara state and a senator of the federal republic of Nigeria stands among the ranks of the richest politicians with an estimated net worth of two billion dollars.
Hailing from the United kingdom Saraki has ascended the political ladder over the years leaving and enduring impact on Nigeria’s political landscape, renowned for his eloquence and strategic prowess Saraki has held many roles and wielded considerable influence both as a businessman and a politician during his tenure as the Governor of Kwara state from two 2003 – 2011.
Saraki invented initiatives and policies that positively impacted the lives of his constituents daughter member of the people’s democratic party PDP. Saraki’s wealth is largely attributed to his successful business ventures although questions regarding potential leveraging of his political positions for personal gain have surfaced.
3. Andy Ubah – $2.1B
At number three is Andy Ubah with a net worth of two point one billion dollars. Andy Ubah is a prominent figure in the APC and a former senator representing the Orumba south senatorial district from two 2011 to two 2019. Andy Ubah also claims a spot among now Nigeria’s richest politicians prior to his notable political career.
However, his political journey has been marked by controversy including allegations of political defection and financial impropriety. With an estimated net worth of two point one billion dollars largely attributed to his extensive business ventures, Ubah success as a businessman has undoubtedly contributed to his political stature grounded in business principles from a young age he has leveraged his entrepreneur to excel in politics earning admiration as both a successful politician and a respected businessman.
2. Ibrahim Babangida – $5B
The second on the list of the richest politicians in Nigeria is ibrahim babangida with a net worth of five billion dollars.
Ibrahim Babangida affectionately known by his initials IBB commands a prominent place among Nigeria’s richest politicians. Former general in the Nigerian army and head of state held sway over the federal republic of Nigeria from august 27 1985 until his retirement in august 1993.
In addition to his military and political career, Babangida has ventured into the business realm leveraging his extensive connections to acquire considerable wealth with an estimated net worth of five billion dollars Babangida’s success extends across various sectors.
However, it’s worth noting that forbes had previously estimated his net worth to be around twelve billion dollars in 2011 and 2012.
1. Bola Ahmed Tinubu – $8.4B
The richest politician in Nigeria presently is Bola Ahmed Tinubu with a net worth of eight point four billion dollars. Bola Ahmed Tinubu is a towering figure in Nigerian politics. He holds the distinction of being both the former governor of Lagos state 1999 to 2007 and the current president of Nigeria.
As the founder and leader of the all progressives congress APC, he both played a pivotal role in shaping Nigeria’s political landscape .Under his guidance the APC emerged as a formidable force clinching power at the National level.
His adept navigation of Nigeria’s complex political terrain and skillful alliance building have cemented his position as a key figure in governance. With an estimated net worth of eight point four billion dollars, Tinubu is widely regarded as the richest politician in Nigeria.
However his wealth has not been without controversy with allegations swirling around his real estate holdings and their acquisition through political influence.