40 Richest Men in Edo State (2023)

Edo state is located in Nigeria’s south-south area and is home to a number of affluent businessmen who are billionaires and millionaires, as evidenced by their net worth. These wealthy men are either politicians, entrepreneurs, or business owners who have spent large sums of money in a variety of ventures, ensuring that their riches are secure.

The majority of the richest men in Edo State have been featured on Forbes, and they live extravagant lifestyles to demonstrate how prosperous Edo state residents are. Edo is well-known for its history and culture, and the state even has a museum dedicated to the subject. Even the Oba of Benin, a first-class ruler in Nigeria, is adored by the whole country, not just the Edo people.

This south-southern state is home to a large number of wealthy people. The majority of them have a diverse source of money. I listed the richest people in Edo state as well as their estimated net worths.

Richest Men in Edo State

1. Chief Gabriel Osawaru Igbinedion – $250 Million

With an estimated net worth of $250 million, Chief Dr. Gabriel Osawaru Igbinedion is the current richest person in Benin, Edo state. He is also the most well-liked and well-respected figure in the state. The illustrious elder statesman is known as “Esama of Benin Kingdom.” He is a renowned altruist who has expanded his economic interests to include real estate, education, oil and gas, and the media.

Igbinedion is the founder of Igbinedion Institution, Okada, the most popular university in Edo state and a well-known private university in Nigeria. He also owns the opulent Garden of Eden, which demonstrates the true significance of Igbinedion’s status as one of Edo’s billionaires.

2. Mitchell Elegbe – $200 Million

Mitchell Elegbe has an estimated net worth of $200 million, making him the second richest businessman in Edo state. He is the current CEO and MD of Interswitch, an African multibillion-dollar internet payment gateway firm. He’s also a role model for Nigerian youngsters and one of the country’s few successful entrepreneurs.

Mitchell Elegbe is an engineer, philanthropist, and co-founder of Interswitch. He has earned several accolades for his humanitarian efforts throughout Africa. Transactions have been entirely automated through his firm, as he established a payment system that allows Nigerians to effortlessly make electronic payments.

3. Adams Oshiomole – $200 Million

With an estimated net worth of $200 million, Adams Oshiomhole is Edo state’s richest politician and one of the state’s wealthiest persons. He was a former chairman of the NLC, a two-time governor of Edo state, and a former national chairman of the APC. While still engaged in politics, Oshiomhole amassed money and is regarded as a political godfather in the state.

While nothing is known about Oshiomhole’s companies, investments, or holdings, we do know that he is an extremely rich man with several properties, having held some of the country’s most powerful political posts.

4. Lucky Igbinedion – $190 Million

Gabriel Igbinedion, the Esama of Benin Kingdom, has a son named Lucky Igbinedion. He, like his father, is one of the richest men in Edo State, with an estimated net worth of $190 million. Lucky is a former governor of Edo state who is still active in the political activities of the state.

He was proclaimed sought by the EFCC in January 2008 after leaving office as governor on a 142-count accusation of financial fraud. He was accused of embezzling more than $24 million using front businesses. In Edo state politics, Igbinedion is also a powerful person.

5. Pastor Chris Oyakhilome – $120 Million

With a net worth of $120 million, Preacher Chris is by far the wealthiest pastor in Edo state. He is also one of Nigeria’s, Africa’s, and the world’s wealthiest men of God. As a result of his achievements, he is considered one of Edo state’s richest persons. Pastor Chris is the General Overseer of Christ Embassy, a.k.a. Believer’s Love World Ministries.

6. Oba Eheneden Erediauwa Ewuare II – $100 Million

Eheneden Erediauwa is the reigning Oba of Benin and one of Nigeria’s wealthiest rulers. His net worth is believed to be $100 million, indicating that he is a wealthy man. Oba Ewuare II is the most powerful and revered individual in Edo state in terms of power and influence. His utterances are considered law, and he is revered as a god.

Oba Ewuare II is married to several women and has domestic and international assets. He also owns numerous estates around the country.

7. Chief Raymod Dokpesi – $90 Million

With a net worth of $90 million, Chief Raymond Anthony Aleogho Dokpesi is another affluent Edo state resident. Dokpesi, who was born in Agenebode, Edo state, in October 1951, is a well-known media entrepreneur in Nigeria. His media firm, DAAR Communications, founded Africa Independent Television, a famous Nigerian television channel (AIT).

He is also a member of the People’s Democratic Party and has additional assets to add to his riches. 

8. Godwin Obaseki – $80 Million

Governor of Edo State, Godwin Obaseki, is one of Nigeria’s Richest governors. He is worth more than $80 million and has a diverse portfolio of enterprises and assets. He is a PDP card-carrying member with statewide clout.

9. Hosa Okunbo – $75 Million

Chief Idahosa Okunbo works in the construction sector and has a net worth of $75 million, making him another wealthy Edo State businessman. Okunbo is a Nigerian business mogul, businessman, philanthropist, and skilled commercial pilot who was born on January 7, 1958.

10. Apostle Johnson Suleman – $70 Million

Apostle Suleman is a clergyman who is also one of Edo State’s top ten wealthiest persons. He had already established himself as one of the most well-known pastors in the country. Apostle Suleman is the founder and president of the Omega Fire Ministry, OFM.

Auchi, Edo State, is the church’s headquarters, In the town, there is a 20,000-seat base camp chapel. In light of the fact that he establishes a name for both the church and himself, the man of God is financially successful.

Other Rich People in Edo State

  • Odia Ofeimun
  • Philip Shaibu
  • Solomon Arase
  • Solomon Adun Asemota
  • Aize Obayan
  • Domingo Alaba Obende
  • Elizabeth Ativie
  • Hakeem Belo-Osagie
  • Yasmin Belo-Osagie
  • Cozz
  • Segun Toyin Dawodu
  • Johnny Drille
  • Matthew Urhoghide
  • John Yakubu
  • Aigboje Aig-Imoukhuede
  • Augustus Aikhomu
  • Godwin Enakhena
  • Gloria Oloruntobi
  • Jude Idada
  • Benson Idonije
  • Tom Ikimi
  • Linda Osifo
  • Oserheimen Osunbor
  • Mike Ozekhome
  • Funso Aiyejina
  • Amarachi
  • Lawrence Anini
  • Eghosa Asemota Agbonifo
  • Michael Imoudu
  • Nancy Isime
  • Wellington Jighere
  • Awele Maduemezia
  • Friday Okonofua
  • Elizabeth Onuah



The state of Edo is home to a large number of wealthy residents. We laid up these richest guys from Edo state to offer you a viewpoint of the state’s most affluent individuals in an effort to give you a picture of the top personalities. Others that didn’t make the top ten list were also rich but not up to those mentioned.