50 Richest Men in Ekiti State (2023)

Different wealthy businessmen and ladies may be found in Ekiti’s various local government districts. These people are well-liked not only in their own state but throughout the country. From business owners to legislators, attorneys, physicians, and journalists, to name a few. The richest persons in Ekiti state are not restricted to this list, however, some of these men’s sources of money are unknown, we cannot ascertain if they have enough assets, enterprises, and financial value to make their names appear on the list of Ekiti state billionaires.

In this article, I listed the wealthiest people in Ekiti state and their estimated net worth.

Richest Men in Ekiti State

1. Afe Babalola (Net Worth $680 Million)

With an estimated net worth of $680 million, Afe Babalola is the richest man in Ekiti state and one of Nigeria’s richest attorneys. He is a well-known attorney and senior advocate who has received the CON, OFR, and SAN awards. In addition, he is a farmer, an educator, and the founder of Afe Babalola University.

On October 30th, 1929, in Ekiti State, South-Western Nigeria, the famous lawyer was born. He is a well-known and rich Nigerian lawyer in the state of Ekiti. While little is known about his wealth, we do know that he owns one of Nigeria’s top legal companies, as well as a number of other landed properties and assets. As a result, Afe Babalola would be considered one of the few billionaires in Ekiti State.

2. Dr. Olukayode Fayemi (Net Worth $300 Million)

John Olukayode Fayemi is also one of the richest persons in Ekiti State with an estimated net worth of $300 million. He is a well-known political figure who has served as the Governor of Ekiti State since October 16, 2018. The state’s top executive held the position from 2010 to 2014 before being deposed by Ayodele Fayose.

Kayode Fayemi is from Isan-Ekiti in Ekiti State’s Oye Local Government. From 1975 until 1980, he attended Christ’s School in the state capital. Later, he earned degrees from the University of Lagos and Obafemi Awolowo University in history, politics, and international relations.

3. Ayodele Fayose (Net Worth $295 Million)

During his time in office, Peter Ayodele Fayose was one of Nigeria’s richest governors. He was already a wealthy businessman before taking government, but he became much wealthier while in office (allegedly). He is now regarded as a successful Nigerian politician, and his political party is the Peoples Democratic Party (PDP).

Ayo Fayose has various enterprises outside of politics, has landed properties and assets, and is projected to have a net worth of $295 million, making him one of Ekiti state’s wealthy persons.

4. Olusegun Oni (Net Worth $200 Million)

Segun Oni is a former Governor of Ekiti State who served from July 29, 2007, to October 14, 2010. The well-known politician is presently a member of the ruling All Progressive Congress party (APC). He is an active member who now serves as the Deputy National Chairman for the South.

5. Femi Falana (Net Worth $80 Million)

Femi Falana is a well-known Nigerian lawyer who was born on July 20, 1958. Femi Falana, SAN is a well-known Nigerian lawyer and human rights campaigner who is also one of the richest people in Ekiti State. He graduated from the University of Ife, which is now known as Obafemi Awolowo University in Ile Ife, Osun State.

The legal expert is a Principal Partner at Falana&Falana Chambers and a practicing lawyer. On the banner of the National Conscience Party, he ran for governor of Ekiti State in 2007 and lost.

6. Odunlade Adekola (Net Worth $50 Million)

Odunlade Adekola is also one of the country’s most famous Yoruba performers. Adekola was born in a nearby state on December 31, 1978.

Specifically, the Nigerian actor, singer, director, producer, and producer was born and reared in Abeokuta, Ogun State, but is originally from Otun Ekiti, Ekiti State. With his starring performance in Ishola Durojaye’s 2003 film Asiri Gomina Wa, the well-known Nollywood entertainer rose to prominence.

7. Falz (Net Worth $45 Million)

Falz, also known as Folarin Falana, is another rich Ekiti state resident with a net worth of over $45 million. He is a well-known Nigerian human rights lawyer, comedian, rapper, singer, composer, recording artist, performer on stage, and philanthropist. Folarin Falana is one of Ekiti state’s wealthiest residents.

Falz, often known as Falz the bahd man, is the stage name of the artist. Falana Jnr is an Ekiti State native, and he is the son of prominent attorneys and human rights campaigners Funmi and Femi Falana.

The multi-platinum selling musician has a net worth of $45 million USD. In addition, he is the owner of Bahd Guys Records, an independent music company.

8. Yinka Ayefele (Net Worth $20 Million)

Yinka Ayefele, MON, is another well-known Ekiti celebrity. From 1999 until the present, the renowned Nigerian music producer and gospel singer has been filming music videos. Ayefele was born in the city of Ipoti-Ekiti in the state of Ekiti.

In terms of Ayefele’s schooling, he received his basic and secondary education at Our Saviours Anglican Primary School in Ipoti-Ekiti. Following that, the musician went to Ondo State College of Arts and Science in Ikare Akoko, Ondo State.

The estimated net worth of Yinka Ayefele is believed to be $20 million dollars making him one of the richest men in Ekiti state.

9. Abiodun Olujimi (Net Worth $15 Million)

Abiodun Christine Olujimi is a well-known politician in the state of Ekiti. She is a Nigerian politician and senator from the Ekiti South seat, having been born on December 25, 1958. Christine also serves as the Nigerian Senate’s minority leader. The eminent politician served on the Nigerian Communications Commission’s board of directors.

Olujimi’s schooling began at Our Lady of Apostles School in Ibadan, Oyo State, and continued at the Nigerian Institute of Journalism, where he graduated with a diploma in 1976. Abiodun Olujimi also possesses a Political Science degree from the University of Abuja, as well as a postgraduate degree in Public Relations and Marketing.

10. Richard Bamisile (Net Worth $10 Million)

Richard Olufemi Bamisile, often known as BAFEM, is a popular politician in Ekiti State. On September 27, 1965, a well-known politician was born in his hometown. He is a Nigerian politician who currently serves in the Federal House of Representatives as the representative for Ekiti South II Constituency.

Former Speaker of the Ekiti State House of Assembly, he is a powerful politician (Third Parliament). Richard Bamisile has an estimated net worth of $10 million, reflecting his status as one of Ekiti state’s wealthiest individuals.

Other Richest People in Ekiti State

  • Tolu Odebiyi
  • Robert Adeyinka Adebayo
  • Remi Adedeji
  • Tope Ademiluyi
  • Fatimat Olufunke Raji-Rasaki
  • J. F. Ade Ajayi
  • Joseph Olatunji Ajayi
  • Josy Ajiboye
  • Sola Akinyede
  • Henry Dele Alake
  • Joseph Olurotimi Sanya
  • Grace Oladunni Taylor
  • Akin Alabi
  • Ajimudaoro Aladesanmi I
  • Daniel Aladesanmi II
  • Adewale Aladesanmi
  • Rufus Aladesanmi III
  • Tunde Adeniran
  • Joseph Abiodun Adetiloye
  • Ekundayo Adeyinka Adeyemi
  • Bola Are
  • Michael Opeyemi Bamidele
  • Babalola Borishade
  • Bimbo Daramola
  • Yemi Akinseye George
  • Dele Jegede
  • Duro Faseyi
  • Adekunle Fajuyi
  • Adeyinka Gladys Falusi
  • Tade Ogidan
  • Isaac O. Ogundipe
  • Dele Ojo
  • Babafemi Ojudu
  • Ola Oni
  • Wole Olanipekun
  • Johnson Bamidele Olawumi
  • Samuel Femi Daramola
  • Oluwole Babafemi Familoni
  • Ayo Fasanmi
  • Alhaji Abdul Azeez Kolawole Adeyemo
  • Adebayo Clement Adeyeye
  • Temitope Aluko
  • Peter Fatomilola
  • Kunle Filani
  • Isaac Fola-Alade
  • Funmilayo Olayinka
  • Abayomi Olonisakin
  • Olowe of Ise
  • Christianah Oluwatoyin Oluwasesin
  • Idowu Bamitale Omole
  • Michael Omolewa
  • Niyi Osundare
  • Benjamin Oluwakayode Osuntokun
  • Israel Esan Owolabi


Ekiti state is home to a large number of wealthy individuals. Politicians are the most common figures on the list of the top ten wealthiest men in the state. Other prominent rich residents of the state were also included on the list.