Top 10 Richest Yoruba Men In 2023: Yoruba men make up another part of wealthy men in Nigeria, The majority of these men acquired their wealth through businesses and also through their involvement with politics.
One of Nigeria’s major ethnic groups is Yoruba, located in the southwest of the country. The Yoruba ethnic group also lives in Benin and Togo and speaks Yoruba. As a result, the majority of them are West Africans. Nigeria’s Yorubaland is notable for its commercial success. The abundance of human capital in the region has significantly contributed to the rise of the African continent.
Below are the Top 10 Richest Yoruba Men In Nigeria
- Mike Adenuga – $5.7 Billion
With a net worth of $5.7 billion, Mike Adenuga ranks fifth among the wealthiest people in Nigeria. He is the owner of the nation’s mobile phone network, Globacom. The network is Nigeria’s third-largest operator. He also owns the oil exporting company, Conoil Producing.
Some of the cars owned by the Nigerian billionaire include:
- Armoured Bentley Mulsanne
- Mercedes Maybach S-Class
- Mercedes-Benz AMG C63
- Rolls-Royce Phantom
- Two Private Jets
- Bola Ahmed Tinubu – $5 Billion
Bola Ahmed Tinubu, also known as “Jagaban” and more recently as “emi lo kan,” is the richest politician in Nigeria. The potential presidential candidate for 2023 is thought to be worth $5 billion. ranked among Nigeria’s wealthiest men and politicians.
The majority of his money was accumulated from interests in real estate, oil and gas, rice imports, the media, real estate, and other industries. In the South Western region of Nigeria, particularly in Lagos State, Tinubu is the owner of a number of properties. He resides in Lagos’s highbrow , Bourdillon Road Ikoyi area. 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
- Chief Michael Ade Ojo – $2 Billion
The richest Yoruba man is Chief Michael Ade Ojo. He is from the Ondo State town of Ilara-Mokin. He is the founder and chief executive officer of the Elizade Group of Businesses, a subsidiary of which is Elizade Motors, which first specialized in the distribution of cars from several brands until narrowing its focus to exclusively Toyota cars.
Being the founder of Elizade University and the Chairman of the Board of Toyota Nigeria, he also serves on the boards of directors for a number of other companies, including Crown Drinks Ltd., FCMB, Eco Bank, and others.
He has amassed considerable riches through his businesses and secretly owns a variety of luxury cars.
- Femi Otedola – $1.8 Billion
Femi Otedola is another Nigerian billionaire that hails from Oyo state. The businessman is into the energy industry, particularly oil and gas. He is the founder of Zenon Petroleum and Gas Ltd and the former chairman of Forte oil.
He is also into financial trading, shipping, real estate investment and the hotel business. The billionaire has a fleet of cars that includes:
- A Mercedes-Benz AMG G63 worth N73 million.
- A G-Wagon costing N53 million.
- A Mercedes SLR McLaren worth N250 million.
- A Rolls-Royce Phantom worth N162 million.
- BMW 6 series worth N30 million.
- A private jet & a yacht
- Olusegun Obasanjo – $1.6 Billion
#4 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
- Jimoh Ibrahim – $1.1 Billion
Jimoh Ibrahim is a Nigerian businessman, lawyer and politician who hails from Ondo state. He is the CEO of Global Fleet Group. His source of income includes oil and gas, real estate investments, insurance, aviation, hotel, banking, publishing and many others.
Not all the cars Jimoh Ibrahim owns are public knowledge. But, on his 50th birthday, the billionaire spent 300 million Naira on a Rolls-Royce vehicle to celebrate himself.
- Tunde Folawiyo – $650 Million
Tunde Folawiyo is the Managing Director of Yinka Folawiyo Group, a company that his father founded and he took over. Yinka Folawiyo Group has other subsidiaries in the energy industry, shipping, agriculture and real estate.
Currently, he is the director of MTN Nigeria. Before venturing into business, he practised law after he was called to the bar in England.
Not all the vehicles Tunde Folawiyo owns are known. But, he’s known to own a Rolls-Royce in Nigeria and other Rolls-Royce Wraith sitting in his London penthouse garage.
- Clement Oluwatumininu Okeowo – $250 Million
Another silent Nigerian billionaire is Clement Oluwatumininu Okeowo. He founded a famous construction company in Nigeria—Gibraltar Construction Nigeria Limited. He started by making burglary proofs and iron-clad furniture before upscaling his business in the construction sector. Currently, the billionaire is worth over $250 million.
Some of the cars the billionaire owns include:
- Rolls Royce
- Bentley Mulsanne
- Range Rover
- Mercedes-Benz G-Wagon
- Cadillac Escalade
- Adebayo Ogunlesi – $22.5 Million
Adebayo Ogunlesi is a Nigerian lawyer and investment banker. Currently, he’s the chairman and managing partner at the private equity firm Global Infrastructure Partner (GIP), which he started in 2006.
He gained popularity in 2006 after his firm bought London City Airport and later in 2009 when the same firm acquired the majority in Londo Gatwick Airport in a deal of over £1.455 billion. His firm initially owned Edinburgh Airport, purchased in 2012, and Nuovo Trasporto Viaggiatori bought in 2018. In 2019, the Edinburgh Aiport transferred to new management with VINCI Airports and now owns a majority share in the company of 50.01%. He is a wealthy man with shares in investment banks like Goldman Sachs.
Adebayo Ogunlesi is an extremely wealthy man. However, there is no public knowledge of the cars he owns. If he can buy three UK airports, he can afford any car of his taste.
- Dele Fajemirokun – $17 Million
Dele Fajemirokun is the son of a shipping magnate, Henry Fajemirokun, and one of Africa’s most successful businessmen after Nigeria’s independence. The Nigerian Maritime Services Limited, the shipping company his father founded in 1962, is still one of the largest shipping companies in Nigeria today.
Today, his son, Dele, is now in charge. He also owns key stakes on the board of several Nigerian blue chips, including American International Insurance company and oil explorer First Hydrocarbon Nigeria Limited.
Dele Fajemirokun owns a Rolls Royce Phantom in Nigeria, and he keeps a newer model of the Rolls Royce Phantom (Series 2) in his home in London.
The above-listed names are some of the top wealthy Yoruba men in Nigeria. There are many others, but these are the ones that made it to the top 10 list.
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