From governors to senators, these politicians have demonstrated exceptional leadership skills, driving progress and innovation in their respective domains. Although politics plays a big role in their riches, many of these politicians have made a variety of commercial investments to diversify their interests. They have been able to increase their influence and leave enduring legacies in as well as preserving their money thanks to their endeavours. We’ll examine the backgrounds, commercial endeavours, and estimated net worth of Nigeria’s top ten wealthiest politicians below. From billionaires to influential policymakers, these individuals have made a lasting impact on the country’s political landscape. Let’s dive into the list and discover who tops the chart!
The 10 Richest Politicians in Nigeria and How Much Money They Have In 2025
10. Chibuike Amaechi
- 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
Chibuike Amaechi is a seasoned politician and the current Minister of Transportation. Amaechi was born on May 27, 1965, in Rivers State, southern Nigeria. With a net worth of $780 million, he is one of the richest politicians in the country. Amaechi’s political career spanned over two decades, beginning in 1992 as Speaker of the Rivers State House of Assembly. He eventually became Governor of Rivers State from 2007 to 2015 and Chairman of the Governors Forum. In 2019, he was appointed Director-General of the Muhammadu Buhari Re-election Campaign.
Amaechi’s business interests include real estate, oil and gas, and the transportation sector. He owns a fleet of luxury cars, including a Mercedes S550, Lexus LX570, and a rare Mercedes-Maybach Vision 6. He also has a private jet, a Brazilian Embraer Legacy, and multimillion-dollar mansions in Lekki, Port Harcourt, Abuja, and other prime locations.
9. Dino Melaye
- 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
Dino Melaye is a former Senator representing Kogi West Senatorial District. Born on January 1, 1974, Melaye is in his fifties as of the time of this post and hails from Kogi State. With a net worth of $800 million, he is known for his flamboyant lifestyle and love of luxury cars. Melaye’s political career started in the early 2000s when he was appointed by President Olusegun Obasanjo. He served as the Chairman of the Senate Committee on Federal Capital Territory and Aviation and represented Kogi West Senatorial District in the Senate.
Melaye’s business interests include real estate and franchise acquisition. He owns a franchise with American fast-food giant McDonald’s and has shares in real estate. His car collection includes a 2020 Lamborghini Aventador Roadster, Porsche Panamera, Range Rover, Bentley Continental, and three Rolls-Royce cars, among others. We have published a complete article about Dino Mealy Biography, family and political career.
Richest Politicians in Nigeria and Their Net Worth
8. Bukola Saraki
- 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
Bukola Saraki is a former President of the Nigerian Senate. Born on December 19, 1962, Saraki hails from Kwara State in north-central Nigeria. With a net worth of $800 million, he is one of the richest politicians in the country and the big man comes at number eight to occupy the spot.
Saraki’s political career started in 2000 when he was appointed Special Assistant to the President on Budget. He served as Governor of Kwara State from 2003 to 2011 and was elected to the Senate in 2011. Saraki served as the 13th President of the Nigerian Senate from 2015 to 2019.
Saraki’s business interests include agriculture, oil and gas, and investments in Europe and Africa. He owns companies like African Petroleum, Oando, and Airline Catering, among others. He has mansions in Lekki Phase 1, Bryanston Square London, and 69 Bourne Street London. His car collection includes Mercedes S320, E329, G500 AMG, and a Lincoln Navigator (Bulletproof).
7. Ahmadu Adamu Mu’azu
- 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
Ahmadu Adamu Mu’azu is an experienced politician, quantity surveyor, and businessman. Mu’azu was born in northern Nigeria’s Bauchi State on June 11, 1955. He is among the wealthiest politicians in the nation with a net worth of $895 million.
Before going into business, Mu’azu began his political career more than 20 years ago as a public servant in Kano and Bauchi. He was elected Chairman of the Peoples Democratic Party (PDP) in 2014 after serving as Governor of Bauchi State from 1999 to 2007.
Mu’azu’s business interests include oil and gas, and real estate. He is a luxury car collector, owning a Lexus LX570, Range Rover Discovery, Toyota Sequoia, Rolls Royce Phantom, and Mercedes G550, among others.
6. Orji Uzor Kalu
- 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
Orji Uzor Kalu is a business tycoon and politician. Born on April 21, 1960, Kalu hails from Abia State. With an estimated net worth of $1 billion, he is one of the richest and most influential politicians in eastern Nigeria. Kalu’s political career started as the Chairman of the Corporative and Commercial Bank before being elected Governor of Abia State. He is currently the Chairman of two major tabloids in the country, The New Telegraph and Daily Sun, and owns a major stake in Enyimba Football Club of Aba.
Kalu’s business interests include print media, oil and gas, and vast investments. He owns exotic houses in his hometown, 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 also has up to seven private jets, including the Gulfstream G650 model.
Richest Politicians in Nigeria and Their Net Worth
5. Atiku Abubakar
- 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
Atiku Abubakar is a seasoned politician and businessman. Born on November 25, 1946, Abubakar hails from Adamawa State. With a net worth of $1.4 billion, he is one of the richest politicians in Nigeria. Abubakar’s political career spans over two decades, serving as the Vice President of Nigeria 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.
Abubakar’s business interests include vast investments in logistics, education, and manufacturing. He owns the logistics company INTELS, the American University of Nigeria, FARO Table Water, Adama Beverages Limited, and Animal Feed Plant, among others. He is a man of great taste, driving a Mercedes S550, Lexus 570, Toyota Land Cruiser, Range Rover, Rolls Royce, and other exotic cars. Abubakar owns more than one private jet, including the Embraer Phenom 100, and has mansions in Abuja, Yola, Potomac, Maryland USA, Lekki, and choice areas worldwide. We have published a complete article about Atiku Abubakar Biography, family and political career.
4. Chief Olusegun Obasanjo GCFR
- 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
Chief Olusegun Obasanjo is a renowned Nigerian politician who has served as the country’s leader twice, first as a military leader from 1976 to 1979 and later as a civilian leader from 1999 to 2007. Born on March 5, 1938, Obasanjo proudly hails from Ogun State.
Obasanjo’s business interests include:
- Agriculture: He owns Ota Farms in Ogun State, acclaimed to be the biggest poultry farm in West Africa.
- Oil and Gas: He controls about 6% of the total oil production, marketing, and distribution.
His assets include:
- Luxury Cars: Mercedes S63 Sedan, Toyota Highlander 2017 Model, and Land Cruiser.
- Private Jet: Bombardier Challenger 300.
- Helicopter: He also owns a helicopter, showcasing his impressive collection.
Richest Politicians in Nigeria and Their Net Worth
3. Ifeanyi Uba
- 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
Ifeanyi Uba is a businessman, entrepreneur, and Senator representing Anambra South Senatorial District in the Nigerian Senate. Born on September 3, 1971, Uba hails from Anambra State.
Some of Uba’s business interests include but not limited to:
- Oil and Gas: He is the CEO of Capital Oil and Gas Industries.
- Print Media: He owns The Authority of Nigeria Daily Newspaper.
- Vast Business Investments: He sits on the Board of Trustees for several companies and is a major spare parts dealer in West Africa.
His assets include:
- Luxury Cars: Toyota Prado Jeep, Highlander, Land Cruiser, two expensive Rolls Royce, and Cadillac Escalade.
- Private Jet: Embraer Legacy 600.
- Properties: He owns houses in choice areas around the world and Ifeanyi Uba Football Club.
2. Ibrahim Badamasi Babangida GCFR
- 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
Ibrahim Badamasi Babangida, popularly known as IBB, is a retired general and former President of Nigeria. Born on August 17, 1941, Babangida hails from Niger State. With a net worth of $5 billion, he is one of the richest politicians in Nigeria.
Babangida’s business interests include:
- Education: He is the sole proprietor of the famous Ibrahim Badamasi Babangida University in Lapai, Niger State.
- Telecommunication: He owns 24% of Nigeria’s second-largest telecommunication network, Globacom.
- Investments: He owns 65% of London-based Fruitex International.
His assets include:
- Luxury Cars: 2015 Mercedes Benz S Class, BMW 760 LI, Toyota Land Cruiser and Highlander, Lexus LX 570.
- Private Jet: Learjet 45.
- Properties: He lives in his multi-billion-dollar Minna Palace and has landed properties across the nation and the globe.
1. Asiwaju Bola Tinubu
- 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
Bola Tinubu is a seasoned politician and the current President of Nigeria. Born on March 29, 1952, Tinubu’s real age is still unavailable but we do know he hails from Lagos State. With an estimated net worth of $8.4-$8.5 billion, he is the richest Nigerian politician.
Tinubu’s business interests include:
- Oil and Gas: He has interests in OANDO Petroleum.
- Media: He owns The Nation Newspaper and TVC News Network.
- Hospitality: He owns establishments like Oriental Hotel and Suites, Ikeja Shopping Mall, Mayegun Land Project, Apapa Amusement Park, and The Renaissance Hotel.
His assets include:
- Luxury Cars: Mercedes G Wagon, Range Rover Sports, Lexus LX 550, and other exotic cars.
- Properties: He has a multibillion-naira house at Ikoyi and similar houses across the nation.
Recap of the 10 Richest Politicians in Nigeria and Their Net Worth
- Asiwaju Bola Tinubu – $8.5 billion
- Ibrahim Badamasi Babangida – $5 billion
- Ifeanyi Ubah – $1.7 billion
- Olusegun Obasanjo – $1.6 billion
- Atiku Abubakar – $1.4 billion
- Orji Uzor Kalu – $1 billion
- Ahmadu Adamu Mu’azu – $895 million
- Bukola Saraki – $800 million
- Dino Melaye – $800 million
- Chibuike Amaechi – $780 million
Conclusion about Richest Politicians in Nigeria
In conclusion, Nigeria’s wealthiest politicians have built their fortunes through strategic investments and leadership roles. Bola Ahmed Tinubu, the current President of Nigeria, tops the list with an estimated net worth of $8.4 billion. His business interests span oil and gas, hospitality, media, and other sectors. Other notable politicians include Ibrahim Badamasi Babangida, former President of Nigeria, with a net worth of $5 billion, and Orji Uzor Kalu, a businessman and politician, with a net worth of $3.2 billion. Thank you for reading this post to the very end via Afrokonnect media brand, We will love to hear your thoughts via the comment section below. Also, you can watch this via our YouTube.
