Top 10 2024 Richest Politicians In Nigeria — Politician’s Net Worth And Cars

Politics is a lucrative business for a lot of people in Nigeria. For most Nigerian politicians, the bulk of their wealth comes from dabbling in the country’s politics. As such, this has made them one of the richest people and politicians in the country.

Below are some of them, their net worth, and the cars they own.

Bola Ahmed Tinubu – unknown

Bola Ahmed Tinubu popularly referred to as “Jagaban” and recently as “emi lo kan,” is Nigeria’s #1 richest politician and the current president of Nigeria with an estimated net worth of unknown. On the top list of richest men and richest politicians in Nigeria. 

Most of his wealth is obtained through politics, media, real estate, oil and gas, importation of rice and chemicals, and other investments. Tinubu owns a series of properties in the Southwestern part of Nigeria, especially in Lagos State. He lives in a highbrow area of Lagos,  Bourdillon Road Ikoyi. Some of his cars include:

• Armoured Range Rover worth 40 million Naira
• Toyota Prado Jeep SUV worth 50 million Naira
• Private Jet worth 21.7 Billion Naira

Some of his real estate acquisitions include:

• 10,000 hectares of Lakowe land near Abijo at Ibeju-Lekki land currently valued at 80 Billion Naira
• Beechwood Estate in Ibeju-Lekki
• 14-hectare Parkview foreshore land known as the Ikoyi Estate Foreshore, located along the Lekki-Epe Expressway
• Fara Park Estate, located in Sangotedo along the Lekki Epe Expressway
• Fishery Landing jetty in Badore valued at 500 million Naira
• The Ogudu foreshore scheme valued at 5 billion Naira
• Another 3.8 hectares of land at the Lagos State Fisheries Office in Victoria Island is valued at 3 Billion
• The Ilubinrin housing estate, formerly used for Lagos State Civil Servants and judges until 2007, valued at 2.5 Billion Naira
• The former Julius Berger yard at Oko Orisan, Epe, is valued at 450 million Naira.
• A mansion in the UK located at 32 Groove End Road, London

Bola Ahmed Tinubu Net Worth, Biography, Cars, Houses

Ibrahim Badamasi Babangida – $5 Billion)

The former Nigerian army general and former military Head of State is #2 on the wealthiest politicians list in Nigeria. Babangida played a key role both in the Nigerian army and Nigerian politics. Popularly referred to as the “Nigerian Maradona.” He is one of the wealthiest Nigerian politicians to date. 

Alongside his multi-million Naira hilltop mansion, some of his cars include:

• Mercedes Benz S 600
• Rolls Royce Phantom III luxury sedan
• BMW 760LI
• Toyota Land Cruiser
• Learjet 45 worth 594.7 million naira

Atiku Abubakar – $1.8 Billion

#3 is a former Nigerian vice president and current presidential aspirant for the 2023 elections under the PDP umbrella Atiku Abubakar. He was also a comptroller general of the Nigerian Customs for 20 years, and through his position, he made a fortune. Atiku was accused of laundering over $100 million into the United States between 2000 and 2008. Alongside his $2.95 million mansion in Potomac, Maryland, USA, some of his vehicles include:

• Embraer Phenom 100 Private jet
• Range Rover
• Mercedes S550
• Lexus 570
• Toyota Land Cruiser

Ifeanyi Ubah – $1.7 Billion

Ifeanyi Ubah is #4 on the list. Born on the 3rd of September 1971. His wealth didn’t start with politics. He has been a hardcore businessman who has built a fortune from his business ventures. Apart from owning a football club called Ifeanyi Ubah FC, Ifeanyi Ubah is also the chairman and board of directors of a few notable companies in Nigeria.

Some of his expensive car collections include:

• Rolls Royce
• Land Rover 
• Cadillac Escalade
• Toyota Land Cruiser
• Toyota Highlander
• Embraer Legacy 600 private jet

Ifeanyi Ubah Biography, Net worth, Cars and Houses

Olusegun Obasanjo – $1.6 Billion

#5 is the one-time Nigerian Head of State and two-time President. Obasanjo married five wives—Esther Oluremi, Lynda, Mojisola, Stella Obasanjo, and Bola Obasanjo. Altogether, he has 20 children. 

Obasanjo is said to be the owner of Otta Farms, one of the largest chicken poultries in West Africa. He is also involved in major oil production, marketing, and distribution in Nigeria. Some of the cars in his garage include the following:

• Mercedes-Benz S63 Sedan
• Lexus 570
• Toyota Land Cruiser
• Toyota Highlander 2017
• Bombardier Challenger 300 jet
• Helicopter 

Olusegun Obasanjo Net worth, Cars, Houses, And Latest Biography

Rochas Okorocha – $1.4 Billion

6th on the list is the former Governor of Imo State and a Nigerian Senator, Rochas Okorocha. He is the founder of the Rochas Foundation, a not-for-profit fund that builds colleges for poor children. Rochas has a series of cars that includes:

• Rolls-Royce Phantom
• Mercedes-Benz S600
• Mercedes-Benz Klassen V220
• Mercedes Benz AMG63
• Lexus LX 570

Rochas Okorocha Net Worth, Biography, Cars, Private jet And Houses

Orji Uzor Kalu – $1.1 Billion

The 7th richest politician is the Nigerian senator and two-time Abia state governor, Orji Uzor Kalu. He was the chairman of Cooperative and Commerce Bank Limited. He is a member of the PDP, and also the chairman of the PPA Board of Trustees. 

Orji Uzor Kalu runs other businesses. He is the current chairman of SLOK Holding and two influential newspapers—New Telegraph and the Daily Sun. He holds stakes in Enyimba FC of Aba and owns several mansions across highbrow areas in Nigeria and the US.

Some of his cars include:

• 7 Private jets
• Bentley
• Range Rover
• Mercedes Benz S550
• Mercedes Benz C Class

Orji Uzor Kalu Net worth, Biography, Houses And Cars

Ahmadu Adamu Mu’azu – $895 Million

Ahmadu Adamu Mu’Azu used to be the governor of Bauch State as well as the former chairman of the PDP. He also served as property manager of the Bauch State Investment and Property Development Company. 

In April 2019, EFFC burst into his mansion in Ikoyi and discovered over $50 million hidden in his fire-resistant cabinets behind false walls. The company that built the house claimed he owned the place. But, the Northern Millionaire rejected all the accusations. Some of the cars include:

• Lexus LX570
• Range Rover Discovery
• Toyota Sequoia

Dino Melaye – $800 Million

Dino Melaye was a Senator and a member of the 8th National Assembly representing Kogi West Senatorial district before being sacked by the gubernatorial election tribunal of the state in 2019. Dino Melaye is a real car enthusiast and has many luxury cars to show for it. They include:

• Bugatti Veyron
• 3 Rolls-Royces
• Lamborghini Huracan
• Bentley Continental
• McLaren MP14
• Mercedes G55 Mansory

Dino Melaye cars, prices and pictures

Rotimi Amaechi – $780 Million

#10 on the list is Rotimi Amaechi. He was the director general of Buhari’s re-election campaign in early 2019. He was also a former governor of Rivers State. Below are some of the luxury vehicles Rotimi Amaechi owns:

• Mercedes-Maybach Vision 6
• Mercedes AMG G63
• Mercedes S550
• Land Rover Discovery
• Brazillian Embraer Legacy private jet

Rotimi Amaechi Biography, Net worth, Cars & Houses 

• Top 5 Nigerian Politicians And The Lavish Cars Collections They Own, Guess Who is Number one
• Ifeanyi Ubah Biography, Net worth, Cars and Houses
• Top 10 Politicians You Wouldn’t Believe Own A Private Jet In Nigeria
• Rotimi Amaechi Biography, Net worth, Cars & Houses 
• If Not For His Bulletproof Vehicle, Senator Ifeanyi Ubah Would Have Been Killed —Aide

Conclusion

The above-listed politicians will be the top richest Nigerian politicians in 2023. There are many others, but the ones listed are in the top 10.