Career decisions for most youths were most times based on how lucrative or how much would be earned in a particular field. I remember how most kids would say they would become bankers because they felt they were the richest or had access to more money.
The reality is more glaring now, politics in Nigeria can be best described as the most lucrative occupation, the rewards and benefits are enormous so much that politicians accumulate so much wealth that goes beyond their present generation.
Many people will argue that the corrupt system in Nigeria is the major cause of the excessive wealth these politicians accumulate, the benefits and salaries, when compared to politicians in other developed countries, can be seen as excessive.
In this article, I will be sharing with you, who the top 10 richest politicians in Nigeria are, their net worth, and other things you need to know about them.
1. General Ibrahim Badamasi Babangida
Popularly known as ‘IBB’, a Nigerian statesman and military general who was the military president from 1985 till 1993 when he resigned, he was also the chief of army staff from January 1984 to August 1985. He was born on the 17th of August, 1941 in Niger state.
There are speculations that say Babaginda is worth US$ 50 billion, he is believed to possess a multi-billion dollar fortune through successive ownership of stakes in a number of Nigerian companies.
There are accusations that IBB looted during his regime as the military head of state, with over US$ 14 billion earned during the 1992 gulf war oil windfall. There are over 20 buildings (real estate investments) in a different part of the country and over 42 buildings (real estate investments) around the world, not excluding the multi-million dollar mansion he owns in Niger state. Some of the stakes he owns in companies include 65% of the Fruitex International Limited in London, 24% of Globacom which is the second biggest telecommunication company in Nigeria.
According to the Forbes article, General Ibrahim Babaginda’s net worth is estimated to be $14 billion.
2. Chief Olusegun Obasanjo
Chief Olusegun Matthew Okikiola Aremu Obasanjo, GCFR was born on the 5th March 1937. He is a prominent Nigerian military and political leader, he served as a military head of state from 1976 to 1979 and later the president of Nigeria from 1999 to 2007.
There are rumors that say he owns an oil block in Nigeria, he is also a farmer and owns of the largest chicken poultry in west Africa called ‘’Ota Farm’’ in Ota, Ogun state which employs over 6000 Nigerians.
Additionally, he owns the Bells comprehensive secondary school and the Bells University of Technology which is located at Ota, Ogun state.
There is no public declaration of Obasanjo’s assets, but our experts postulate his net worth is estimated to be at the sum of $6.2 billion making him the second richest politician in Nigeria.
Also read: Richest Men in Nigeria
3. Bola Ahmed Tinubu
Bola Ahmed Adekunle Tinubu is also known as jagaban, born on the 29th of March, 1952. He is a popular political figure, especially in Lagos state political affairs.
There are reports of him owning properties such as prime land of 157 hectares with 2.5km of Atlantic beachfront valued at about 10 billion.
He also owns houses in Abuja and his home at Boudillon is said to worth over 1 billion naira.
He owns several expensive private jets known as bombardier global express XRS which is estimated to cost 60 million dollars. Not excluding his luxury cars, which includes a G-Wagon worth 600 million naira.
He owns Television continental (TVC) and Radio Continental (now Max FM).
These are basically a few of properties and investments, but these few examples point out how wealthy and powerful he is in Nigeria.
Bola Ahmed Tinubu’s net worth is estimated to be $5 billion making him rank as the second richest Nigerian politician.
4. Rochas Okorocha
Owelle Rochas Anayo Okorocha (OON) was born on September 22, 1962, in Ogboko, Ideato south local government area of Imo state. He was the former governor of Imo state who served two terms, an outstanding businessman and presently the senator representing Imo west.
Rochas Okorocha’s net worth is estimated to be US$1.4 billion according to Forbes which places him among the richest senators in Nigeria.
Also read: Adedeji Adeleke Net Worth
5. Rotimi Amaechi
Rotimi Chibuike Amaechi born on May 27, 1965, was the former governor of Rivers state and currently the minister of transportation. He is said to have a fleet of luxury cars which includes a Lexus LX 570, Mercedes S550, Mercedes Amg G63, etc. He has other assets undisclosed but as per our calculations;
Rotimi Amaechi’s net worth is estimated at $780 million ranking him as the 5th richest politician in Nigeria.
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6. Atiku Abubakar
Atiku Abubakar was born on the 25th of November, 1946. A political icon and business mogul, he was the former vice president of Nigeria under the leadership of General Olusegun Obasanjo.
Atiku Abubakar’s net worth is estimated to be around US$1.4 billion and this includes fixed assets and other assets both landed and liquidity.
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7. Rabiu Kwankwaso
Engineer Rabi’u Musa Kwankwaso hails from Kano state born on the 21st of October, 1956. He was a civil servant for 17 years, the former governor of Kano state. He is presently a member of the Nigerian House of Representatives representing Madobi federal constituency.
Rabiu Kwankwaso has an estimated net worth of $550 million, making him one of the richest and most influential politicians in Nigeria.
8. Ifeanyi Ubah
Patrick Ifeanyi Ubah is a Nigerian politician who hails from Anambra state. He was born on September 3, 1971, in Otolo, Nnewi. He is presently the senator representing Anambra South in the Nigerian senate. He is also an astute businessman and the CEO of Capital Oil.
Ifeanyi Ubah’s net worth is estimated $1.7 billion emerging him as the eight on our list for the richest politicians in Nigeria.
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9. Dino Melaye
Daniel Dino Melaye is yet another Nigerian politician who was born on the 1st day of January 1974. He is a former senator in the Nigeria House of Assembly and he is known for luxury and exotic lifestyles.
He is also known for being one of the politicians with the biggest exotic cars like Bugatti Veyron, Lamborghini Gallardo, Classic Rolls Royce, Bentley continental, and many more.
He is also known for his multi-billions of naira mansions in the Federal Capital Territory, Abuja.
Dino Melaye is a very rich and highly influential politician with an estimated net worth of $800 million.
10. Kashim Shettima
Kashim Ibrahim Shettima was born on the 2nd of September, 1966 in Maiduguri. He happens to be an honorable and highly respected politician in Nigeria.
He was the former governor of Borno State and currently a senator at the Federal House of Assembly.
Kashim Shettima’s net worth is estimated to be around US$1 billion and he is also merging as the 10th richest politician in Nigeria.
Also read: Richest Actors in Nigeria
We hope you enjoyed our list of the top 10 richest politicians in Nigeria.
Politics is indeed one of the best careers to brand in as a young aspirant as the field happen to be a promising and profitable niche in the Nigerian labor market.
Here’s a quick recap of top 10 richest politicians in Nigeria.
- General Ibrahim Babangida
- Chief Olusegun Obasanjo
- Bola Ahmed Tinubu
- Rochas Okorocha
- Rotimi Amaechi
- Atiku Abubakar
- Rabiu Kwankwaso
- Ifeanyi Ubah
- Dino Melaye
- Kashim Shettima
Have anything to say? Please, drop them in the comments section below.