Top 10 Richest Men In Ogun State (2023)

Financially speaking, Ogun state’s exceptionally affluent men are largely billionaires. A majority of them have been ranked by Forbes as Nigeria’s wealthiest males. If you compare the fortunes of these billionaires in Ogun state to those found in other states, you’ll see a huge disparity between them. Ogun State’s richest men include politicians and businessmen.

As the second-most industrialized state in Nigeria, Ogun has a population of about 2 million people. The fact that the state is closer to the country’s commercial hub is a major factor in this. The state of Ogun is also home to some industrial areas, which have provided the state and the nation with a significant amount of revenue in recent years. Ogun is another Yoruba state in Nigeria’s south-western geopolitical zone.

Ogun state is also endowed with a plethora of natural resources and human resources. Numerous affluent Ogun state natives have achieved excellence in their fields of engagement and have acquired fortunes through their businesses and professions, according to the report. These are Ogun State’s wealthiest men. Listed here are the top 10 richest men in Ogun state, as well as their current net worth, as well as their details.

Richest Men In Ogun State

1. Mike Adenuga Net Worth – $5.7 billion

Unquestionably, Mike Adenuga is the richest man in Ogun State and Nigeria’s second richest man, regularly listed among Forbes’ billionaires. Businessman and owner of Nigeria’s largest indigenous telecom company, GLOBACOM, he has a large number of investments.

Born in Oyo State, but a native of Ijebu-Igbo in Ogun State, the Nigerian business tycoon is originally from Ogun State. In New York, the United States of America, the billionaire studied business administration at Pace University. A total of $5.7 billion in assets makes him Africa’s third-richest man. CONOIL, one of the country’s largest downstream oil and gas companies, is also owned by him.

2. Olusegun Adebutu Kesington Net Worth – $900 Million

Olusegun Adebutu, also from Ogun State, is another wealthy individual worth over $900 million. University of Ibadan graduate in economics. He is an entrepreneur, business magnate, and industrialist with interests in entertainment, shipping, agribusiness, oil and gas, transportation, and real estate. He is building the second-largest petroleum refinery in sub-Saharan Africa with Petrolex oil and gas, his oil and gas company.

‘Baba Ijebu’, Kesington Adebukunola Adebutu, is the founder and director of Premier Lotto Nigeria Limited, which was founded by the billionaire’s father. He is one of the wealthiest men in the state of Ogun at the present time. He owns a number of expensive cars, houses, land, and other investments, both in the United States and overseas.

3. Michael Olasubomi Balogun Net Worth – $700 Million

Olasubomi Balogun, whose net worth is estimated at $700 million, is one of the wealthiest men in Ogun state. Also on the list of Nigeria’s billionaires is FCMB’s founder, eminent Ogun businessman, and philanthropist, Femi Adesina. Ijebu Ode is where he hails from, and his parents were Muslims, but he became a Christian. He is a Landon School of Economics graduate with a law degree.

Oba Balogun is recognized as being one of the most influential traditional chiefs in Ogun state. Asiwaju of Ijebu Christians and the Olori-Omoba (chief) of Ijebu are just a few of the titles bestowed upon him.

He is said to have a garage full of Rolls-Royces and not to make a big deal about his expensive lifestyle.

4. Tajudeen Afolabi Adeola Net Worth – $550 Million

Listed among the top 10 richest Yoruba men, Afolabi Adeola is another Nigerian billionaire from Ogun State. Businessman and investor who was one of the founders of one of Nigeria’s best commercial banks, Guaranty Trust Bank (GTB). After resigning from the bank, he now has other interests to his name. Chairman of UTC, ARM, Lotus Capital, Eterna Oil, and Credit Registry Services, among others.

He is currently the chairman of One Main Cable Company Limited, a company he founded. The business mogul is an affluent entrepreneur who has a polished sense of style. As a result, he is regarded as one of the wealthiest businessmen in the state of Ogun. Foundation FATE Adeola was founded in 2000. This foundation has helped to lift Nigerians out of poverty through its programs and initiatives. Obasanjo bestowed the accolade on Afolabi Adeola.

5. Oba Otudeko Net Worth – $500 Million

In Ijebu, Oba Otudeko is a well-known, wealthy Nigerian businessman from Ogun state. Founder and CEO of Honeywell Group, Oba Otudeko, is a Nigerian national. Prior to his appointment, he served as a director on the board of the Nigerian Central Bank. He spent a lengthy period in the financial industry before going into business for himself full-time. With a net worth of $500 million, Otudeko is one of the numerous business tycoons from Ogun State.

6. Ibikunle Amosun Net Worth – $442 Million

He is a former governor of Ogun state and a popular legislator. The politician is listed as one of the wealthiest politicians in the state of Ogun, according to Forbes. He served as the state’s former chief executive under the APC and is currently a senator for the Ogun Central senatorial district in the United States.

Ibikunle Amosun is a certified public accountant and a legislator who hails from Owu, Abeokuta in Ogun State. The fact that he got money from other investments and politics made him much richer is well-known to us. A rich personality in the eyes of Ogunites, he was a result of this.

7. Sulaiman Adebola Adegunwa Net Worth – $400 Million

Forbes has ranked Sulaiman Adegunwa as one of the top 50 Nigerian billionaires due to his success in business. The founder of Eassy Holding Limited is one of the wealthiest men in Ijebu. It’s a must-read for anyone who aspires to be wealthy. In the past, he served as a director at Sterling Bank.

Ogun State is home to some of the most successful businessmen in the country, and he is no exception. Originally a photographer, Alhaji Dr. Sulaiman Adebola Adegunwa is now a major player in the Nigerian photography industry. In addition to all of this, he is a generous giver and leads a simple life. Adegunwa’s estimated net worth is $400 million.

8. Olusegun Obasanjo Net Worth – $350 Million

Olusegun Obasanjo is one of the richest men in Ogun state. A prominent personality in the state and country, the former Nigerian president is one of the most prominent figures in the country’s southwest area. On top of that, he was Nigeria’s previous military head of state.

Obasanjo is a full-time farmer who owns Otta Farm in his hometown of Abeokuta, the capital of Ogun state. Obasanjo’s net worth is expected to be $350 million. 

9. Dapo Abiodun Net Worth – $310 Million

Dapo Abiodun, the governor of Ogun state,  is also one of the state’s wealthiest persons. He is also one of the country’s wealthiest governors. We’ve included him on this list for being a businessman, a former lawmaker, and the current governor. Ogun state’s chief executive is a successful businessman who owns a number of businesses and assets.

A former managing director of Heyden Petroleum, he now serves as Ogun’s governor. Aside from that, he is the founder and CEO of First Power Limited.


The wealthiest men in Ogun state along with their respective net worths have been shared in this post. According to the value of their assets and investments, we assigned them a rating. They stand out from the crowd because some of them are fully mentioned on Forbes’ list.