When it comes to luxury living, Nigerian celebrities aren’t playing small. From towering mansions in Ikoyi to sprawling estates on Banana Island, these high profile individuals have turned property investment into both a status symbol and a smart wealth strategy. And with Lagos luxury property prices surging by over 500% in some areas since 2020, their investments are paying off big time.
This ranking considers property value, location prestige, and confirmed ownership. Think of it as your insider’s guide to where Nigeria’s wealthiest entertainers and business icons actually live.
1. Folorunsho Alakija
Estimated House Value: ₦560 Billion
Location: Ikoyi, Lagos
Alakija’s Ikoyi mansion isn’t just the most expensive house in Nigeria. It’s the fourth most expensive residential property on the entire planet. Built by Julius Berger between 2014 and 2018, this 22-storey tower on Alfred Rewane Street spans over 100,000 square feet with approximately 400 rooms.
Yes, you read that correctly. Four hundred rooms.
The property features 12 palatial bedrooms, 25 bathrooms, bulletproof windows and doors, a grand ballroom, private cinema, helipad, and parking for 200 vehicles. This single property is worth more than all other Nigerian celebrity holdings combined, making Alakija the undisputed queen of African luxury real estate.
2. Aliko Dangote
Estimated House Value: ₦5–24 Billion
Location: Abuja
Africa’s richest man lives on a 9-acre compound in Abuja that’s designed for hosting world leaders. Bill Gates has been a guest here, and it’s easy to see why. The estate features multiple swimming pools, helipads, bulletproof rooms, and meticulously landscaped gardens.
What’s interesting? Dangote publicly states he only owns two houses, having sold his London property in 1996 to focus on Nigerian industrialisation. His additional Lagos properties in Ikoyi and Banana Island round out his modest portfolio.
3. Obi Cubana
Estimated House Value: ₦8 Billion (Total Portfolio)
Locations: Banana Island (Lagos), Abuja, Anambra State
The hospitality king commands one of the most diversified celebrity property portfolios in Nigeria. His Banana Island primary residence alone is worth ₦500 million, featuring a jacuzzi, cinema, and underground parking for over 10 vehicles.
But that’s just the beginning. Obi Cubana also owns a ₦300 million mansion in Abuja’s Asokoro district and a ₦200 million compound in Oba Village, Anambra State (where that legendary 2021 burial took place). His commercial properties generate an estimated ₦50–100 million monthly in rental income, proving he’s not just spending money on houses but using them to make more money.
4. Davido
Estimated House Value: ₦2 Billion + ₦4 Billion (Land)
Locations: Banana Island (Lagos), Eko Atlantic City, Atlanta (USA)
Davido purchased his Banana Island residence in the Giuliano de’ Medici building for $1.5 million in January 2022. Today, it’s worth between ₦1.5–2 billion, but here’s where it gets interesting. He’s not stopping there.
The singer bought ₦4 billion worth of land in Eko Atlantic City in 2024, where a massive 16-bedroom mansion spanning 2,700 square metres is currently under construction. His 5-bedroom Banana Island terrace comes with a private elevator, wine cellar, and recording studio. Add his Atlanta mansion to the mix, and you’ve got one seriously impressive portfolio.
5. Wizkid
Estimated House Value: ₦2.4 Billion
Locations: Lekki (Lagos), Los Angeles (USA), London (UK)
Wizkid took a unique approach to home ownership. He bought two adjacent mansions in Lekki, each valued at ₦1.2 billion, reportedly to avoid having neighbours.
His international portfolio is equally impressive, with a $10–15 million Los Angeles mansion and a £2.6 million London property that includes the recording studio where his Grammy-nominated “Made in Lagos” album was created. That’s over ₦2 billion in Nigerian property alone, not counting his international holdings.
6. D’banj
Estimated House Value: ~₦3 Billion
Location: Ikoyi, Lagos
The Koko Master’s Ikoyi property places him firmly in the upper tier of Nigerian celebrity real estate. While he keeps details relatively private, his premium location speaks volumes. Ikoyi land prices have surged 412% since 2020, meaning D’banj’s investment has appreciated significantly.
7. Burna Boy
Estimated House Value: ₦800 Million–1 Billion
Location: Lekki, Lagos
Burna Boy’s 13,000-square-foot Lekki estate got the full Architectural Digest treatment, and it’s easy to see why. Designed by architect Akose Enebeli and completed in just seven months during 2019, the property features seven bedrooms and some seriously cool touches.
There’s a swimming pool that starts inside the house and drains outside, a vinyl room stocked with hundreds of records inherited from his grandfather, and the recording studio where his Grammy-winning “Twice as Tall” was produced.
8. E-Money
Estimated House Value: ₦600 Million+
Locations: Omole Estate (Lagos), Anambra State
E-Money became famous for his Omole Estate mansion’s gold-plated interior. We’re talking gold finishing on furniture, tables, and chairs throughout the Middle Eastern-themed property. It’s flashy, it’s bold, and it’s unmistakably E-Money.
He also owns a massive mansion in Uli Village, Anambra State, built jointly with his brother Kcee.
9. Don Jazzy
Estimated House Value: ₦500–600 Million
Locations: Multiple properties in Lagos
The Mavin Records boss confirmed in a recent interview with Ebuka that he owns “about five properties in Lagos alone.” These include holdings in Banana Island (₦150 million), Lekki Phase 1 (₦160 million, acquired in 2012), and a newer Lekki mansion picked up in February 2021.
What’s refreshing? Don Jazzy has stated he prefers investing ₦300–400 million in other ventures rather than splashing out on super expensive houses. It’s a measured approach that balances lifestyle with smart business decisions.
10. Genevieve Nnaji
Estimated House Value: ₦2.5+ Billion (Total Portfolio)
Locations: Ghana, Ikoyi (Lagos)
Genevieve quietly commands perhaps the largest Nollywood property portfolio. Her jewel is a castle-like $4 million mansion in Achimota, Ghana, purchased in 2015. Add her ₦220 million Parkview Estate residence in Ikoyi (acquired in 2013), and you’ve got a portfolio worth over ₦2.5 billion.
She’s proof that staying private doesn’t mean staying poor. Genevieve has built serious wealth while keeping a relatively low profile.
Why Nigerian Celebrities Invest in Luxury Real Estate
It’s not just about having a nice place to live. These properties represent smart financial moves:
Property appreciation in areas like Banana Island has hit 540% since 2020. Davido’s 2022 purchase gained over 140% in just three years without any renovations.
Privacy and security matter when you’re constantly in the public eye. Gated estates and advanced security systems provide peace of mind.
Wealth preservation through real estate protects against inflation and currency devaluation, making it more stable than keeping cash.
Passive income from rentals and commercial properties (like Obi Cubana’s setup) generates ongoing revenue streams.
Status symbols in Nigeria’s competitive entertainment industry help maintain relevance.
Top Luxury Locations Driving Values Higher
If you’re wondering where these properties are located, here’s the hierarchy:
- Banana Island, Lagos – Land prices now at ₦3.05 million per square metre
- Ikoyi, Lagos – ₦2.15 million per square metre
- Victoria Island, Lagos – ₦1.55 million per square metre
- Lekki Phase 1, Lagos – ₦1.1 million per square metre
- Maitama/Asokoro, Abuja – ₦3–3.3 million per square metre
With only about 536 plots available on Banana Island, scarcity drives extreme values. Average homes there now command ₦850 million, with ranges from ₦400 million to over ₦5 billion for premium estates.
