Nigeria is one of Africa’s largest economies, and its political class has long been associated with enormous wealth. Whether through business empires, inherited fortunes, or decades of political influence, many of the country’s top politicians have amassed staggering sums. Here’s a look at the 20 richest politicians in Nigeria and their estimated net worth as of 2025–2026.
Note: None of these politicians appear on the Forbes billionaires list, and Nigeria has no mandatory political wealth disclosure requirements. Treat these numbers as informed approximations, not audited financial data.
20 Richest Politicians in Nigeria at a Glance
| Rank | Politician | Estimated Net Worth |
|---|---|---|
| 1 | Bola Ahmed Tinubu | ~$8.4 billion |
| 2 | Ibrahim Badamasi Babangida | ~$5 billion |
| 3 | Orji Uzor Kalu | ~$1.1–3.4 billion |
| 4 | Andy Uba | ~$2.1 billion |
| 5 | Bukola Saraki | ~$2 billion |
| 6 | David Mark | ~$2 billion |
| 7 | Ifeanyi Ubah † | ~$1.7 billion |
| 8 | Olusegun Obasanjo | ~$1.6 billion |
| 9 | Atiku Abubakar | ~$1.4 billion |
| 10 | Rochas Okorocha | ~$1.4 billion |
| 11 | Daisy Danjuma | ~$900 million |
| 12 | Ahmadu Adamu Mu’azu | ~$895 million |
| 13 | Dino Melaye | ~$100–800 million |
| 14 | Rotimi Amaechi | ~$780 million |
| 15 | Ben Murray-Bruce | ~$715 million |
| 16 | Stella Oduah | ~$600 million |
| 17 | Nyesom Wike | ~$550 million |
| 18 | Adams Oshiomhole | ~$200 million |
| 19 | Godswill Akpabio | ~$100 million |
| 20 | Oluremi Tinubu | ~$20–50 million |
20. Oluremi Tinubu – ~$20 to $50 Million
Full name: Oluremi Tinubu | Date of birth: 21 September 1960 | Age: 65 (as of 2026) | Place of birth: Lagos, Nigeria
Nigeria’s First Lady rounds out this list, but she’s far from a passive figure. Oluremi Tinubu served three terms as Senator for Lagos Central between 2011 and 2023, building her own wealth through her company “First Ladies,” which operates across real estate, construction, and trading. Her personal net worth is estimated at $20–50 million, though her household wealth is considerably larger given her husband’s fortune.
As First Lady, she leads the Renewed Hope Initiative, focusing on women’s empowerment and healthcare. In 2025, she was named “Person of the Year” and presented a ₦500 million cheque to displaced families in Plateau State.
19. Godswill Akpabio – ~$100 Million
Full name: Godswill Obot Akpabio | Date of birth: 9 December 1962 | Age: 63 | Place of birth: Ukana, Akwa Ibom State
Godswill Akpabio is currently the President of the Nigerian Senate, a position he has held since June 2023. Before that, he served two terms as Governor of Akwa Ibom State and briefly led EMIS Telecoms as CEO. His estimated $100 million fortune comes from law, telecoms, and a long career in public life.
His Senate tenure has not been without controversy. In February 2025, Senator Natasha Akpoti-Uduaghan publicly accused him of sexual harassment, and her subsequent six-month suspension sparked significant backlash from women’s rights groups across the country.
18. Adams Oshiomhole – ~$200 Million
Full name: Adams Oshiomhole | Date of birth: 4 April 1952 | Age: 73 | Place of birth: Iyamho, Edo State
Few Nigerian politicians have worn as many hats as Adams Oshiomhole. He started as a trade union leader, led Edo State as Governor from 2008 to 2016, served as APC National Chairman, and is now a Senator representing Edo North. His business interests span real estate and consultancy, with an estimated net worth of $200 million.
In 2024, Leadership newspaper named him “Politician of the Year” after he engineered APC’s gubernatorial win in Edo State. He made headlines for less flattering reasons in June 2025, when he was involved in a public altercation at Lagos airport after missing a flight, prompting a formal condemnation from Air Peace.
17. Nyesom Wike – ~$550 Million
Full name: Ezenwo Nyesom Wike | Date of birth: 13 December 1967 | Place of birth: Obio/Akpor, Rivers State
Nyesom Wike has been one of Nigerian politics’ most forceful personalities for over two decades. He rose from Chairman of Obio/Akpor Local Government in 1999 to Governor of Rivers State, and in August 2023, President Tinubu appointed him FCT Minister despite him being a PDP member. His wealth, estimated at $550 million, is tied to his legal career, extensive real estate holdings across Port Harcourt, Abuja, Lagos, and Enugu, and deep infrastructure connections.
In 2025, allegations emerged about FCT land allocations to companies linked to his sons, all of which he denied. His ongoing political rivalry with Rivers Governor Siminalayi Fubara continues to make headlines.
16. Stella Oduah – ~$600 Million
Full name: Stella Oduah Ogiemwonyi | Date of birth: 5 January 1962 | Place of birth: Anambra State
Stella Oduah built her wealth in the private sector before entering politics. She founded Sea Petroleum & Gas Company after leaving NNPC in 1992, and later served as Aviation Minister from 2011 to 2014. Her estimated net worth is $600 million, though her financial and legal fortunes have taken hits in recent years.
Having lost her Senate re-election bid in 2023, she currently holds no political office. Her legal troubles have mounted, with the EFCC filing ₦5 billion fraud charges related to her ministerial tenure, and the Attorney General adding separate ₦2.4 billion fraud charges in December 2025 involving alleged false pretenses through Broad Waters Resources Nigeria Ltd.
15. Ben Murray-Bruce – ~$715 Million
Full name: Ben Murray-Bruce | Date of birth: 18 February 1956 | Place of birth: Lagos
Ben Murray-Bruce is the kind of politician who built his influence in the boardroom first. He’s the founder and Chairman of the Silverbird Group, which encompasses Silverbird Television, Rhythm FM, and Silverbird Cinemas — one of Africa’s top five cinema chains with over 65 screens. He served as Senator for Bayelsa East from 2015, and in October 2025, he defected from the PDP to APC, publicly praising Tinubu as “the first Nigerian President who truly understands finance.”
His $715 million estimate may be on the generous side. International databases place his worth far lower at $1–5 million, suggesting inflated asset valuations in Nigerian media. AMCON also seized some of his assets in 2016 over defaulted bank loans.
14. Rotimi Amaechi – ~$780 Million
Full name: Chibuike Rotimi Amaechi | Date of birth: 27 May 1965 | Place of birth: Ikwerre, Rivers State
Rotimi Amaechi has held some of the most powerful positions in Nigerian public life. He served as Speaker of the Rivers State Assembly, then Governor for two terms (2007–2015), and later as Minister of Transportation under Buhari (2015–2022). His estimated fortune of $780 million is largely attributed to real estate and political connections built over two decades.
In July 2025, he made a dramatic move, leaving the APC for the ADC. By August 2025, he had declared his intention to contest the 2027 presidential election, describing himself as “the most experienced among all aspirants.” He’s currently in active campaign mode, though he drew criticism for making misleading statements about the Nigeria Tax Act 2025.
13. Dino Melaye – ~$100 to $800 Million
Full name: Dino Melaye | Date of birth: 7 January 1974 | Place of birth: Kano
Perhaps the most colourful entry on this list, Dino Melaye is as well known for his luxury car collection as he is for his politics. The former Kogi West Senator owns Rolls-Royces, Bentleys, a Lamborghini Aventador, and a Porsche, among others. He also claims investments in a McDonald’s franchise and holds real estate in Abuja, Lagos, and Kogi State.
His net worth estimates are arguably the most inconsistent on this list, ranging from $5 million to $800 million depending on the source. In July 2025, he resigned from the PDP, declaring it “dead and buried,” and joined the ADC opposition coalition.
12. Ahmadu Adamu Mu’azu – ~$895 Million
Full name: Ahmadu Adamu Mu’azu | Date of birth: 11 June 1955 | Place of birth: Bauchi State
Mu’azu served as Governor of Bauchi State from 1999 to 2007, then as PDP National Chairman until his resignation in 2015. He’s maintained a deliberately low profile since then, and his specific business holdings remain largely opaque. His estimated $895 million is tied to oil and gas investments and property development.
He was linked to the controversial 2017 Ikoyi apartment raid where over $50 million in cash was discovered. A building company reportedly named him as the property owner, which he denied. He currently holds no active political position.
11. Daisy Danjuma – ~$900 Million
Full name: Daisy Ehanire Danjuma | Date of birth: 6 August 1952 | Place of birth: Benin City, Edo State
Daisy Danjuma is one of Nigeria’s most powerful businesswomen. She represented Edo South in the Senate from 2003 to 2007, and in December 2023, she became Executive Chairman of South Atlantic Petroleum Limited (SAPETRO), succeeding her husband, billionaire Lt. Gen. TY Danjuma. SAPETRO produces approximately 142,000 barrels of oil per day from the Akpo and Egina deepwater fields.
She also chairs the board of May & Baker Nigeria Plc, which recorded 47% revenue growth to ₦28.9 billion in 2024. Her $900 million estimate is a combined Danjuma family assets rather than purely personal holdings.
10. Rochas Okorocha – ~$1.4 Billion
Full name: Owelle Rochas Anayo Okorocha | Date of birth: 22 September 1962 | Place of birth: Ideato South, Imo State
Rochas Okorocha is one of the richest men in Igboland, with a business portfolio spanning real estate, construction, hospitality, animal husbandry, and cement manufacturing through the Rochas Group of Companies. He founded the Rochas Foundation, which provides free education across Nigeria, and served as Imo State Governor for two terms from 2011 to 2019.
His financial standing has been clouded by legal troubles. In May 2022, the EFCC arraigned him on 17 counts for allegedly diverting ₦2.9 billion in public funds, with his arrest involving a dramatic six-hour standoff. Multiple properties have since been seized by both the EFCC and the Imo State Government.
9. Atiku Abubakar – ~$1.4 Billion
Full name: Atiku Abubakar | Date of birth: 25 November 1946 | Place of birth: Jada, Adamawa State
Atiku Abubakar is one of Africa’s wealthiest politicians, and his fortune predates most of his political career. He co-founded INTELS Nigeria Limited, a massive oil servicing and logistics company employing over 10,000 people, and also established the American University of Nigeria and Adama Beverages. He’s estimated to be Nigeria’s biggest private-sector employer, with around 50,000 workers on his payroll.
In July 2025, he made his third defection from the PDP, joining the ADC. Reports indicate he’s planning to contest the 2027 election with Peter Obi as a potential running mate, a deal reportedly structured around a one-term arrangement before an historic Igbo presidency.
8. Olusegun Obasanjo – ~$1.6 Billion
Full name: Olusegun Matthew Aremu Obasanjo | Date of birth: 5 March 1937 | Place of birth: Abeokuta, Nigeria
At 88, Olusegun Obasanjo remains one of Africa’s most active statesmen. He served as military head of state in the 1970s, then returned as Nigeria’s first democratically elected president in the Fourth Republic, serving two terms. His primary wealth engine is Obasanjo Farms Nigeria Ltd, reportedly one of Africa’s largest poultry operations and said to generate around ₦34 million daily. He also runs Olusegun Obasanjo Holdings and founded Bells University of Technology.
In recent months, he attended Flutterwave’s 10th anniversary celebration in February 2026, crediting his GSM reforms for Nigeria’s fintech growth, and unveiled the Obanta Centre youth hub in Ijebu-Ode in October 2025.
7. Ifeanyi Ubah – ~$1.7 Billion (Deceased)
Full name: Ifeanyi Patrick Ubah | Date of birth: 3 September 1971 | Died: 26 July 2024 | Place of birth: Nnewi, Anambra State
Ifeanyi Ubah’s story is one of remarkable self-made wealth — and a life cut tragically short. He built Capital Oil and Gas Industries from a modest start trading motor tyres, eventually growing it into a business empire that included The Authority Newspaper, Ifeanyi Ubah FC, America Hospital Ltd, and what was reportedly Nigeria’s largest marine fleet.
He died of cardiac arrest in London on 26 July 2024, aged 52, while undergoing surgery. His death was confirmed by the Nigerian Senate, President Tinubu, and major outlets including Channels Television and Punch. He was Senator for Anambra South and had survived an assassination attempt in September 2022 that killed five people. He had been planning to contest the Anambra governorship in 2025.
6. David Mark – ~$2 Billion
Full name: David Alechenu Bonaventure Mark | Date of birth: 8 April 1948 | Place of birth: Otukpo, Benue State
David Mark is Nigeria’s longest-serving Senate President (2007–2015) and held a Senate seat for 20 consecutive years. His wealth connects to decades in both the military and political spheres, real estate, and his Joy FM radio station in Otukpo. The Panama Papers linked him to at least eight offshore shell companies, and divorce proceedings revealed approximately £6 million in four offshore accounts.
In a significant 2025 development, he resigned from the PDP in June and was named Interim National Chairman of the African Democratic Congress (ADC), joining forces with Atiku Abubakar and Peter Obi in an opposition coalition targeting Tinubu in 2027.
5. Bukola Saraki – ~$2 Billion
Full name: Abubakar Bukola Saraki | Date of birth: 19 December 1962 | Place of birth: London, United Kingdom
Bukola Saraki inherited substantial wealth from his late father, Senator Olusola Saraki, and built significantly on that foundation. His holdings reportedly include stakes in African Petroleum and Oando, properties in London’s Bryanston Square and Bourne Street, and interests in airline catering. He served two terms as Kwara State Governor and was elected Senate President in 2015.
His name appeared in both the Panama Papers and Paradise Papers regarding offshore entities, though he was cleared of asset declaration charges by the Supreme Court in 2018. He remains in the PDP and is understood to be positioning quietly ahead of the 2027 elections.
4. Andy Uba – ~$2.1 Billion
Full name: Emmanuel Nnamdi Uba | Date of birth: 14 December 1958 | Place of birth: Enugu, Nigeria
Andy Uba served as Senator for Anambra South between 2011 and 2019, and before that was a Senior Special Assistant to President Obasanjo. His estimated $2.1 billion fortune is one of the most disputed figures on this list, with at least one source placing his actual worth as low as $1 million.
His recent controversy hasn’t helped his case. A ₦400 million fraud case was filed against him in October 2024, later struck out after a reported refund, and a 2022 court order seized his vehicles over a ₦50 million debt to Oranto Petroleum. He currently holds no political office.
3. Orji Uzor Kalu – ~$3.2 Billion
Full name: Orji Uzor Kalu | Date of birth: 21 April 1960 | Place of birth: Abia State
Orji Uzor Kalu is one of West Africa’s most consequential businessmen. He chairs SLOK Holding, a conglomerate with subsidiaries in oil trading, shipping, manufacturing, banking, and insurance across 11 countries. He also owns the Daily Sun and New Telegraph newspapers, holds a stake in Enyimba FC, and previously served as Governor of Abia State under the PDP from 1999 to 2007.
His 2019 fraud conviction involving ₦7.65 billion was quashed by the Supreme Court in 2020 on procedural grounds. His net worth estimates range from $1.1 billion to $3.4 billion depending on the source. He has been vocal in backing Tinubu for a second term in 2027.
2. Ibrahim Badamasi Babangida – ~$5 Billion
Full name: Ibrahim Badamasi Babangida | Date of birth: 17 August 1941 | Place of birth: Niger State
IBB, as he’s commonly known, is one of Nigeria’s most enigmatic wealth figures. He ruled as Military President from 1985 to 1993, and Forbes estimated in 2011 that he may have channeled $12.4 billion in Gulf War oil windfall profits into personal accounts — allegations that never led to prosecution. His known interests include a reported 26% stake in Globacom, extensive real estate including his famous Minna hilltop mansion, and a 65% stake in Fruitex International London.
In February 2025, he launched his autobiography A Journey in Service, making the historic admission that MKO Abiola had won the June 12, 1993 election that he annulled — a concession that came 32 years too late for many Nigerians.
1. Bola Ahmed Tinubu – ~$8.4 Billion
Full name: Bola Ahmed Tinubu | Date of birth: 29 March 1952 | Place of birth: Lagos, Nigeria
Bola Ahmed Tinubu is not only Nigeria’s President but also the richest politician on the continent by most Nigerian estimates. His wealth spans a remarkable range of sectors: media (The Nation newspaper and TVC), a reported stake in Oando PLC, Oriental Hotel, Alpha Beta Consulting (which handles Lagos State tax collection), and real estate across Lagos, Abuja, the UK, and the US. Before politics, he built his career at Exxon Mobil and Deloitte, entering the political arena in 1991 as a member of the Social Democratic Party.
His $8.4 billion estimate is, however, heavily contested. Conservative analyses adjusted for exchange rates put his worth closer to $270 million. On the governance front, Nigeria recorded GDP growth of 3.98% in Q3 2025 under his watch, and inflation fell from 24.23% to 14.45% over eight consecutive months, though the economic debate around his administration remains fierce.
Who Is the Richest Politician in Nigeria?
Bola Ahmed Tinubu is the richest politician in Nigeria, with an estimated net worth of approximately $8.4 billion. Ibrahim Babangida comes second at around $5 billion, followed by Orji Uzor Kalu at between $1.1 billion and $3.4 billion.
