The Top 10 Richest Politicians in Nigeria and How Much Money They Have

Politicians in Nigeria belong to the highest cadre of individuals in the society; they are the high and mighty, commanding great wealth and respect while serving their country with their hearts and might. Over the years, Nigeria has raised several politicians who pilot the affairs of the nation. These politicians represent different states in Nigeria, and among them are some of the richest and most affluent of the society. While the greater part of their wealth comes from politics, these politicians also have various business investments that have helped them maintain and grow their wealth. That being said, we take a look at the top 10 richest politicians in Nigeria in ascending order below;

10. Chibuike Amaechi

  • Age: 56 years old
  • State of Origin: Rivers State
  • Net Worth: $780 million
  • Office: Minister of Transportation
  • Active in Politics since: 1999
  • Other sources of income: Real Estate, Oil and Gas

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He was born on 27th May 1965 and is 56 years old. He is worth $780 Million. Amaechi is arguably one of the most popular and richest politicians in Nigeria. He is an indigene of Rivers State South Southern Nigeria and is the Nigerian Minister for Transportation. Chibuike Amaechi began his political career in 1992, serving as Speaker Rivers State House of Assembly before being elected as Governor of Rivers State from 2007 to 2015.

While he was Governor, he was also Chairman of the Governors Forum. In 2019, he was the Director-General for the Muhammadu Buhari Re-election campaign. Amaechi is not a man that flaunts his wealth and is very private. However, he is a renowned business tycoon with interests in real estate, oil and gas, and the transportation sector.

He has a fleet of cars, including a Mercedes S550, Lexus LX570, Land Rover Discovery, Mercedes AMG G63, and a rare Mercedes – Maybach Vision 6. The Rivers native also owns a private Jet Brazilian Embraer Legacy to spice up his collection. He owns multimillion-dollar mansions in Lekki, Port Harcourt, Abuja, and choice locations throughout the Federation.

9. Dino Melaye

  • Age: 47 years old
  • State of Origin: Kogi State
  • Net Worth: $800 million
  • Office: Former Senator representing Kogi West Senatorial district.
  • Active in Politics since: 2015
  • Other sources of income: Real Estate, Franchise Acquisition

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The funky senator who is always on social media showcasing his wealth hails from Kogi State. He was born on New Year Day in 1974 and is 47 years old. Dino Melaye is renowned as the most entertaining Nigerian senator of all time. He started his political career in early 2000 when he has Appointed by then-President Olusegun Obasanjo. He served as the Chairman Senate Committee on Federal Capital Territory and Aviation. As a senator, he represented Kogi West Senatorial District before he was sacked in late August 2019.

With a net worth estimated at $800 Million, the former Senator stated that his franchise with American fast-food giant McDonalds has been a major success and has paved the way for more franchises. Little is known about his investments, but he has shares in real estate.

Melaye is a car freak, and his cars include the 2020 Lamborghini Aventador Roadster, Porsche Panamera, Range Rover, Bentley Continental, Mercedes G Wagon, Chevrolet Corvette, Bugatti Veyron, Mclaren MP14, and three Rolls Royce, amongst others. He has houses around the world but is popularly known with one in Abuja.

8. Bukola Saraki

  • Age: 58 years old
  • State of Origin: Kwara State
  • Net Worth: $800 million
  • Office: Former President of the Nigerian Senate
  • Active in Politics since: 2003
  • Other sources of income: Agriculture, Oil, and Gas

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Born on 19th December 1962, Bukola Saraki is 58 years old. He hails from Kwara State in North Central Nigeria. He is worth over a whopping $800 Million, making him one of the richest Senators and politicians in Nigeria. Saraki started his political career in 2000 when President Obasanjo appointed him Special Assistant to the President on Budget. However, he currently holds no political position but is a force to reckon with in Kwara State politics and the Nigerian Senate.

He was Governor of Kwara State from 2003 to 2011 and was elected to the Senate the same year. Saraki served as the 13th President of the Nigerian Senate from 2015 to 2019. He has a huge investment in the Agricultural sector and shares in different countries in Europe and mostly Africa with companies like African Petroleum, Oando, Airline Catering, Central Petroleum, Gensoft, All Africa Media, Merrill BBH Fund, amongst others.

The former Nigerian senate president has mansions in Lekki Phase 1, Bryanston Square London, 69 Bourne Street London S.W 3.56. He loves Mercedes cars and has the following brands S320, E329, G500 AMG, ML240, V220, CLK 320, and E300. He also owns a Lincoln Navigator (Bulletproof).

7. Ahmadu Adamu Mu’azu

  • Age: 66 years old
  • State of Origin: Bauchi State
  • Net Worth: $895 million
  • Office: Former PDP Chairman
  • Active in Politics since: 1999
  • Other sources of income: Oil and Gas, Real Estate

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Mu’azu is a politician, Quantity Surveyor, and businessman by profession. He was born on 11th June 1955, making him 66 years old. He hails from Bauchi State in Northern Nigeria and is worth $895 Million. Mu’azu was a civil servant in Kano and Bauchi before venturing into business. He was Governor of Bauchi State from 1999 to 2007. He was said to own the house, where the controversial $50 Million was uncovered by security operatives in Lagos State.

Ahmadu was chosen as the Chairman of the Peoples Democratic Party (PDP) in 2014. Adamu currently holds no political position but serves as a political godfather behind the curtains.
He loves his privacy, so not much is known about his properties within and outside the country. However, he is into the oil and gas sector.

He is a luxury car collector and has the following cars in his garage Lexus LX570, Range Rover Discovery, Toyota Sequoia, Rolls Royce Phantom, Mercedes G550, Ford Vintage, and a host of other rare vehicles.

6. Orji Uzor Kalu

  • Age: 61 years old
  • State of Origin: Abia State
  • Net Worth: $1 billion
  • Office: Senator for Abia North
  • Active in Politics since: 1999
  • Other sources of income: Print Media, Oil and Gas

The 61-year-old business tycoon and politician was born on 21st April 1960, and he hails from Abia State. With an estimated net worth of $1.1 Billion, Kalu is one of the richest and most influential politicians in the Eastern part of Nigeria. Before he was elected Governor of Abia State, he served as the Chairman of the Corporative and Commercial Bank. He was the Chairman Board of Trustees of the Progressive Peoples Alliance (PPA) political party.

Kalu is an Igbo man, and Igbo men are known as businessmen. He is the current Chairman of two major tabloids in the country, i.e., The New Telegraph and Daily Sun. He is also Chairman of SLOK Holdings and owns a major stake in Enyimba Football Club of Aba (a formidable club in the CAF championship).

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Orji Uzor Kalu owns exotic houses in his hometown (Camp Neya), Abia, Maryland, USA, and other choice locations worldwide. His garage is stocked with cars like Mercedes S550, C Class, Bentley, Range Rover, and other exotic cars. He has up to seven private Jets, including the Gulfstream G650 model and the N7 – OUK. He is currently not having any political position but is a politician per excellence.

5. Atiku Abubakar

  • Age: 74 years old
  • State of Origin: Adamawa State
  • Net Worth: $1.4 billion
  • Office: Former Vice President of Nigeria
  • Active in Politics since: 1999
  • Other sources of income: Vast Business Investments
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richest politicians in Nigeria
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An Adamawa State-born Nigerian politician, Atiku was born on 25th November 1946 and is 74 years old. He served as the vice president of Nigeria with Chief Olusegun Obasanjo from 1999 to 2007. He made his fortune while serving as the Comptroller of Customs for about 20 years under the civilian and military regimes.

Currently worth $1.4 Billion, he was the major contender with President Muhammadu Buhari during the 2019 general elections and was a worthy contender. Atiku owns the logistics company INTELS, the American University of Nigeria, FARO Table Water, Adama Beverages Limited, Animal Feed Plant, Prodeco, Atiku Abubakar Farms, amongst other investments.

He is a man of great taste and drives a Mercedes S550, Lexus 570, Toyota Land Cruiser, Range Rover, Rolls Royce, amongst other exotic cars. Atiku owns more than one Private Jet, but the priced jewel is the Embraer Phenom 100. He owns mansions in Abuja, Yola, Potomac, Maryland USA, Lekki, and choice areas worldwide. One of his aspirations is that he looks forward to becoming the President of the Federal Republic of Nigeria.

4. Chief Olusegun Obasanjo GCFR

  • Age: 83 years old
  • State of Origin: Ogun State
  • Net Worth: $1.6 billion
  • Office: Former President of Nigeria
  • Active in Politics since: 1976
  • Other sources of income: Agriculture, Oil, and Gas

richest politicians in Nigeria
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Olusegun Mathew Okikiola Aremu Obasanjo is a proud indigene of Ogun State. He was born on 5th March 1938, making him 83 years old. With a net worth of $1.6 Billion, this old school never dies General has served Nigeria as leader twice; he was the military leader from 1976 to 1979 and civilian leader from 1999 to 2007.

He now serves as a watchdog for Nigerian politicians but officially holds no political position. Obasanjo is the owner of the infamous Ota Farms in Ogun State, a farm acclaimed to be the biggest poultry farm in West Africa. He is also a force to reckon with in the oil sector controlling about 6% of the total oil production, marketing, and distribution. His other investments are unknown.

Obasanjo is not much of a show-off person, but his garage has a Mercedes S63 Sedan, Toyota Highlander 2017 Model, and Land Cruiser, amongst other exotic cars. He owns a Bombardier Challenger 300 Private Jet and a Helicopter.

3. Ifeanyi Uba

  • Age: 50 years old
  • State of Origin: Anambra State
  • Net Worth: $1.7 billion
  • Office: Senator for Anambra South
  • Active in Politics since: 2014
  • Other sources of income: Oil and Gas, Print Media, Vast business investments

richest politicians in Nigeria
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Ifeanyi was born on 3rd September 1971, making him 50 years old. He hails from Anambra State and is a businessman, entrepreneur, and the Senator representing Anambra South Senatorial District in the Nigerian Senate. With his net worth of $1.7 Billion, he did not start as a politician but as a staunch businessman. In 2014, he contested for governorship in Anambra State but lost.

He owns the Ifeanyi Uba Football Club and is the CEO of Capital Oil and Gas Industries, The Authority of Nigeria Daily Newspaper, sits as Board of Trustee for several companies, and is also a major spare parts dealer in West Africa.

His garage is stocked with exotic cars like Toyota Prado Jeep, Highlander, Land cruiser, two expensive Rolls Royce, Cadillac Escalade, and also owns an Embraer Legacy 600 Private Jet. He owns houses in choice areas around the world.

2. Ibrahim Badamasi Babangida GCFR

  • Age: 80 years old
  • State of Origin: Niger State
  • Net Worth: $5 billion
  • Office: Former President of Nigeria
  • Active in Politics since: 1985
  • Other sources of income: Education, Telecommunication, Investments

richest politicians in Nigeria
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Popularly known as IBB, Babangida was born on 17th August 1941 and is 80 years old. He is a businessman and politician that ruled Nigeria under the military dispensation between August 1985 and August 1993. He is popular for the famous June 12, 1991, Election Annulment, which Moshood Abiola was allegedly the winner; an event now celebrated as Democracy Day.

IBB is a political godfather who operates from behind the curtains in his Minna mansion with his good friend General Abdulsalam Abubakar. He is worth $5 Billion, making him one of the richest politicians in Nigeria. He is the sole proprietor of the famous Ibrahim Badamasi Babangida University in Lapai Niger State. Also, he owns 65% of London-based Fruitex International and 24% of Nigeria’s second-largest telecommunication network- GLOBACOM.

IBB owns a 2015 Mercedes Benz S Class, BMW 760 LI, Toyota Land Cruiser and Highlander, Lexus LX 570, Learjet 45 private Jet. He lives in his Multi-Billion Dollar Minna Palace and has landed properties across the nation and the globe.

1. Asiwaju Bola Tinubu

  • Age: 69 years old
  • State of Origin: Lagos State
  • Net Worth: $8.5 billion
  • Office: National Leader of APC
  • Active in Politics since: 1992
  • Other sources of income: Oil and Gas, Hospitality, Media, Other Business Investments

richest politicians in Nigeria
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On the number one spot on our list of richest politicians in Nigeria is the Jagaban of Lagos. Born on 29th March 1952, he is 69 years old. Tinubu served as Lagos State Governor from 1999 to 2007. His political career started in 1992 when he joined the Social Democratic Party (SDP). He was the National Leader of the ruling political party All Peoples Congress APC.

With a whopping net worth estimated at $8.5 Billion, he is the richest Nigerian politician. His companies include Alpha Beta, a Consulting Company, OANDO Petroleum, Radio Continental, The Nation Newspaper, First Nation Airline, Lekki Concession Project, TVC News Network, and he owns establishments like Oriental Hotel and Suites, Ikeja Shopping Mall, Mayegun Land Project, Apapa Amusement Park, and The Renaissance Hotel.

In his garage, you’d find cars like Mercedes G Wagon, Range Rover Sports, Lexus LX 550, and other exotic cars that are undisclosed. He has a Multibillion naira house at Ikoyi and similar houses across the nation.

<strong>Recap of the 10 Richest Politicians in Nigeria and Their Net Worth</strong>

  1. Asiwaju Bola Tinubu – $8.5 billion
  2. Ibrahim Badamasi Babangida – $5 billion
  3. Ifeanyi Ubah – $1.7 billion
  4. Olusegun Obasanjo – $1.6 billion
  5. Atiku Abubakar – $1.4 billion
  6. Orji Uzor Kalu – $1 billion
  7. Ahmadu Adamu Mu’azu – $895 million
  8. Bukola Saraki – $800 million
  9. Dino Melaye – $800 million
  10. Chibuike Amaechi – $780 million

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