It is not a rumour that some of the richest politicians in Nigeria are also some of the richest individuals in the country. We have government executives on the list of wealthy people in Nigeria. This is due to the amount of salary and allowances they receive.
Most of us will be wondering, which individual is the richest politician in Nigeria? You are not the of that thought alone. It is one question that is frequently asked by a number of people, especially middle-class citizens. The reason for this question is probably because Nigeria is blessed with natural resources some countries will only dream of.
Without any disbelief, several of the richest Nigerian politicians not only love the kind of work they do, but they also have the sense of investing their money and resources into business deals, real estate, inheritance, and other investments.
The majority of Nigerians know that politicians collect good money, however, not many of them know the actual amount of money the Nigerian politicians make. If you are a nosey person, or if you want to become one, you will be interested in knowing the richest politician in Nigeria.
Richest Politician in Nigeria
In this article, we will be talking about some of the richest politicians in Nigeria, and their net worth:
Bola Ahmed Tinubu – $8.4 Billion
Bola Ahmed Tinubu is a politician in Nigeria and an accountant. He served as the National head of the APC since its inception in 2013. The APC is one of the 18 major political parties in Nigeria Today.
From 1992 to 1993, he was a senator for the Lagos-West senatorial district before he was elected governor of Lagos State, he was there from 1999 to 2007.
Asiwaju Bola Ahmed as he is popularly called, has a house in Ikoyi, Lagos. The house is worth an estimated $5 billion, as well as other notable properties all over Nigeria. One of his noteworthy possession is a G-wagon, although, he also has two extra Mercedes Benz, a Range Rover, and other fine vehicles.
He possesses a Bombardier Global Express XRS private jet worth $60 million, but rumour has it that he has a number of other aircraft.
$8.4 billion is the recorded net worth of Bola Ahmed Tinubu in 2022, and he is undoubtedly one of the richest politicians in Nigeria. Currently, Bola Ahmed Tinubu is the presidential candidate for APC, for the presidential election which will take hold in 2023.
Ibrahim Badamasi Babangida – $5 Billion
Ibrahim Babangida is a former general in the Nigerian Army and a politician. He was born on the 17th of August 1941. From 1985 to 1993, he served as Nigeria’s military ruler, until his resignation. He stepped down in 1993.
Babangida did not just make it to the list of the richest politicians in Nigeria, he has earned his name on the success ladder, power, and wealth. On another note, he spent the entirety of April through September 1963 studying at the Indian Military Academy.
It is estimated that Babangida’s net wealth goes beyond $5 billion. It is said that he is in control of a fortune worth several billion dollars, which he got through secretly buying shares in a number of different Nigerian businesses.
Olusegun Obasanjo – $1.6 Billion
Olusegun Obasanjo was a former Nigerian military tyrant from 1976 to 1979 and became civilian president from 1999 to 2007. Obasanjo was born on the 5th of March 1937 in Abeokuta, Nigeria.
A Nigerian general, statesman, and diplomat, Olusegun Obasanjo was the first military leader in the African continent to hand over power to a civilian government. To some people, Obasanjo is one of Africa’s post-colonial rulers. He is without question, among the richest politicians in Nigeria
Because of his many terrific achievements, he is known as one of the best presidents in the country’s history. He is also one of the wealthiest politicians in Nigeria, according to Forbes.
SEE: Who Is the Best Nigerian President from 1960 Till Date?
Rochas Okorocha – $1.4 Billion
Rochas Okorocha is a Nigerian politician who comes from the Imo State and is of Igbo descent. He is now serving as the Senator for the Imo West Senatorial constituency. Additionally, he was formerly the Governor of Imo State in the past.
Towards the general election in 2011, Rochas primarily associated himself with the All Progressive Grand Alliance (APGA), but later switched parties to the APC. In 2011, Rochas won the election for the position of governor of the state and went on to serve for a total of four years.
Due to the fact that his parents were poor, he worked as a peddler in Barkin Ladi, Jos. By the time 2007 came around, Rochas Okorocha already found his way into politics and had a good following, which drove him to run for governor under the banner of the Peoples Democratic Party in the general election that year (PDP).
Rochas is one of the many politicians who went on to become one of the richest politicians in Nigeria through hard work and dedication. He had already been a successful man before he went into politics.
Atiku Abubakar -$1.4 Billion
Atiku is a Nigerian politician and businessman who was born on November 25th, 1946. He has made a total of five unsuccessful runs for the presidency of Nigeria over the course of his political career.
He served as Vice President of Nigeria from 1999 to 2007, when Olusegun Obasanjo was president, and he is currently running for the office of the President of Nigeria. In a driven manner, he would be ok with his work in the presidential elections of 2023 as he is currently contesting for the position.
He worked for the Nigeria Customs Service for a total of twenty years, moving through the ranks to become the Deputy Director of the agency, which was at the time, the second-highest position available.
Orji Uzor Kalu – $1.1 Billion
Orji Uzor Kalu is undoubtedly one of Nigeria’s billionaires. He is a glaring figure in the political and commercial worlds in Nigeria. Asides from his role as Chief Whip of the Senate in Nigeria, he is also the Senator for Nigeria’s Abia North Senatorial District.
At the age of 19, he launched his first firm, which involved the trade of commodities such as palm oil, rice, and sugar. This was after he was sent out of the university for spearheading a sequence of student disturbances. Forbes states that in order to get the business off the ground, he had to borrow $35 from his mother.
Years later, he worked in the transportation and furniture manufacturing industries. He had made a million dollars in wealth by the time he turned 20 years old. In 2015, Forbes Magazine ranked him as having the 49th highest net worth of the 50 richest people in Africa. Without any question, Kalu is one of the most successful and richest
Rotimi Amaechi – $780 Million
On the list of the top richest politicians in Nigeria is Rotimi Amaechi. Chibuike Rotimi Amaechi is a Nigerian politician who was appointed by President Muhammadu Buhari as the Minister of Transportation in the cabinet of the Nigerian government. He has been in this office since April 2016.
His previous positions include being Governor of Rivers State from 2007 to 2015. He was the Speaker of the Rivers State House of Assembly from 1999 to 2007. He held both of these positions in Rivers State.
Amaechi, although not to the same extent as some of the names on the list. Has a soft side for costly automobiles. Among his collection are a Mercedes Amg G63, Mercedes-Maybach Vision 6. A, Lexus LX 570, a Land Rover Discovery, and a Mercedes S550. Melaye’s collection includes a Mercedes-Maybach Vision 8.
Dino Melaye – $800 Million
Dino Melaye is a Nigerian politician who represented the Kogi West Senatorial district during his tenure as a senator and as a member of the 8th Nigerian National Assembly.
The experienced politician is known for his collection of expensive automobiles. It includes a Lamborghini Huracans (valued at $86.7 million each), and Bentley Continentals (valued at $71 million each). He had a lot of other luxury vehicles.
Dino Melaye is known to be one of the richest politicians in Nigeria. This is all thanks to his estimated net worth of 800 million dollars as of the year 2022.
FAQs of Richest Politicians in Nigeria
Aliko Dangote is the richest man in Nigeria, and also in Africa at large
DJ Young Money is currently one of the richest kids in Nigeria in 2022 with an estimated net worth of $450,000
The richest president in history is purported to be Donald Trump. His net worth, however, is not precisely known because the Trump Organization is privately held. Truman was among the poorest U.S. presidents, with a net worth of considerably less than $1 million.
Benedict Peters. Benedict Peters is said to be worth $3.3 billion.
John D. Rockefeller became the world’s first billionaire by measurable dollars. The Standard Oil Company founder became a billionaire in 1916 and was worth about 2% of the national economy.
The richest female singer is Rihana, with a net worth of 1.7 billion dollars
Many would ask, are politicians supposed to be this rich? Well, part of being a Nigerian politician is ‘being stupendously rich’.
In fact, if a politician leaves a position and continues his life like an average Nigerian money-wise, he is considered a failure. If not by the citizens of the country, he would face his family to explain ‘what he was doing for the past four-eight years’ as the case may be.
It has become a tradition for politicians not only in Nigeria but Africa and a few other underdeveloped/developing countries.
Meanwhile, these articles help Nigerians realise who among the Nigerian politicians is the wealthies.
