Top 10 Richest Men In Osun State (2024)

Osun is a state in southwestern Nigeria, known for its rich cultural heritage and vibrant economy. The state’s economy is primarily based on agriculture, with crops such as cocoa, yam, and cassava playing significant roles in sustaining its livelihood.

Osun is also blessed with many industrious men who have made remarkable contributions to various fields, including business, politics, religion, and entertainment. Let’s look at the top 10 richest men in Osun State, including their entrepreneurial endeavours and net worths.

Top 10 Richest Men in Osun State

1. Adedeji Adeleke – $700 Million

Topping our list of the richest men in Osun State is none other than billionaire businessman Adedeji Adeleke, the father of popular Nigerian singer Davido. He has an estimated net worth of $700 million. Adedeji Adeleke is the founder and CEO of Pacific Holdings Limited, a conglomerate with interests in various industries including real estate, finance, logistics, and energy.

Another notable investment of Adeleke is The Adeleke University, located in Ede, Osun State. Established in 2011, Adeleke University is a private institution known for its commitment to providing quality education in Nigeria. He has also made investments in other sectors, further diversifying his portfolio. His strategic approach to entrepreneurship has not only made him one of the wealthiest men in Osun State but also in Nigeria as a nation.

2. Enoch A. Adeboye – $100 Million

Pastor Adeboye is a spiritual leader and one of the richest pastors in Nigeria. He is the former General Overseer of the Redeemed Christian Church of God (RCCG) worldwide. He joined the Redeemed Christian Church of God (RCCG) in 1973 and became a pastor in 1975 under the leadership of Pa. Josiah Akindayomi. In 1981, he was appointed as the General Overseer of RCCG, a position he held until 2017.

During his tenure, RCCG experienced significant growth, expanding its branches to over 198 nations with millions of worshippers. Under his leadership, RCCG also established prestigious universities and educational institutions. Despite resigning as General Overseer in 2017, he continues to be a major leader of the church. Pastor Adeboye ranks second on our list with an estimated net worth of $100 Million.

3. Ademola Adeleke – $100 Million

Taking the third spot on our list with an estimated net worth of $100 Million is Ademola Adeleke, another prominent member of the Adeleke family. Ademola started his career by working in the United States from 1985 to 1994, initially with Quicksilver Courier Company and then with Origin International LLC. Later, he served as a group executive director at Pacific Holdings Limited from 2001 to 2016, a company founded by his brother, Deji Adeleke.

Aside from his business ventures, Ademola Adeleke is also involved in politics. He began his political career in 2001 alongside his late brother, Senator Isiaka Adeleke. Ademola Adeleke contested and won the Osun West by-election in 2017 under the People’s Democratic Party (PDP) after his brother’s passing.

He later emerged as the governorship candidate for PDP in Osun State in 2018. Though the election results were initially contested, he was eventually declared the winner by the tribunal in March 2019.

4. Olusola Adeyeye – $80 Million

Olusola Adeyeye is a Nigerian biologist and politician. He started his career in politics in the early 2000s, serving as the Secretary-General of the United Democratic Front of Nigeria, advocating for democracy in the country. Later, he became the Chairman of Ifedayo local government in Osun State.

In 2003, Adeyeye was elected as a member of the Federal House of Representatives, representing Boluwaduro/Ifedayo/Ila Federal Constituency until 2007. During his tenure, he opposed President Olusegun Obasanjo’s bid for a third term. In 2011, Adeyeye won the Osun Central Senatorial seat under the platform of the Action Congress of Nigeria (ACN).

He was re-elected in 2015 under the All Progressives Congress (APC). Today, Olusola Adeyeye is recognized as one of the richest and most influential figures in Osun State, with a net worth of $80 million.

5. Adeyeye Enitan Ogunwusi – $70 Million

Oba Adeyeye Enitan Ogunwusi is the 51st and current Ooni of Ife. He ascended to the throne in 2015 after the passing of the previous Ooni. Before becoming a king, Ogunwusi was involved in various professional endeavours. He was a member of several prestigious institutes, including the Institute of Chartered Accountants of Nigeria.

Ogunwusi was also a former chancellor of the University of Nigeria, Nsukka, and a director of Global Real Estate Institute. Being one of the most prestigious rulers in Nigeria, he has affiliations in politics and other businesses in Osun State, thereby amassing a lot of wealth, with an estimated net worth of $70 million.

6. William Kumuyi – $50 Million

Making the sixth spot on our list with an estimated net worth of $50 million is William Kumuyi, another respected religious leader in Nigeria. He founded the Deeper Life Bible Church, one of the prominent churches both in Nigeria and worldwide, in the year 1970.

Over the years, his influence grew, and the church expanded across Nigeria. As the general overseer, he leads the church and spreads its teachings. Apart from his religious endeavours, Kumuyi is also involved in education. Under his leadership, Deeper Life Bible Church has established schools and educational institutions.

7. Iyiola Omisore – $40 Million

Iyiola Omisore, born on September 15, 1957, is a Nigerian businessman, engineer, and politician from Ife, Osun State. He began his professional journey in 1983 with Drake and Gordham in the UK, later returning to Nigeria to work with Drake and Scull (Nig) Ltd. Omisore ventured into entrepreneurship by establishing his engineering firms, Mechelec Consultants and Chrisore Eng Ltd. The company played a significant role in supervising various construction projects across Nigeria.

In 1999, Omisore entered politics and served as the deputy governor of Osun State until 2003. Subsequently, he represented Osun East in the Nigerian Senate from 2003 to 2011. Throughout his political career, Omisore contested for governorship positions in Osun State, first in 2014 and later in 2018 under different party platforms but won none. Despite his political challenges, he remains one of the richest men in Osun State with a net worth of $40 million.

8. Femi Fani Kayode – $40 Million

Femi Fani-Kayode is a Nigerian politician, lawyer, and writer. He has been actively involved in Nigerian politics since the late 1980s. Fani-Kayode started his political career as a member of the Nigerian National Congress in 1989. He held various positions within different political parties, including the ruling Peoples Democratic Party (PDP) and the opposition All Progressives Congress (APC).

He served as a Special Assistant to President Olusegun Obasanjo from 2003 to 2006 and held ministerial positions in the Nigerian government, including Minister of Culture and Tourism and Minister of Aviation, between 2006 and 2007. Fani-Kayode has been vocal in Nigerian politics, advocating for democracy and opposing military dictatorships. He has also been known for his writings and essays on political and social issues in Nigeria.

9. Adebisi Akande – $35 Million

Chief Abdulkareem Adebisi Bamidele Akande CFR is a Nigerian politician, who served as the governor of Osun State from 1999 to 2003. He won the governorship election in 1999 under the platform of AD. During his time as governor, he focused on trimming the state’s workforce and reorganizing traditional institutions.

In January 2000, he made headlines by sacking 143 staff from the Osun State Broadcasting Corporation as part of his effort to reduce the state’s workforce. Despite the controversy, Akande completed his tenure as governor in 2003. Today, he is recognized as one of the top ten richest men in Osun State, with a net worth of $35 million.

10. David Adeleke – $30 Million

Rounding up our list with an estimated net worth of $30 million is a prominent Nigerian singer – David Adedeji Adeleke. Davido is a Nigerian musician, singer, and songwriter. Born on November 21, 1992, in Atlanta, United States, Davido rose to fame in the Nigerian music scene in 2012 with his hit song “Dami Duro”. His catchy tunes and energetic performances quickly made him a household name in Nigeria and beyond.

In 2016, Davido signed a record deal with Sony Music and founded his record label, Davido Music Worldwide. Davido’s influence in the music industry earned him numerous awards including the Next Rated award at The Headies and recognition on Time magazine’s Time 100 Next List. With an estimated net worth of $30 million, Davido is also considered the richest singer in Nigeria.



Our list of the top 10 richest men in Osun State is a testament to the state’s wealth of talent, ambition, and opportunity. It showcases the diverse paths to success that men from Osun have taken.

From business magnates to religious leaders, politicians to entertainers, each individual has left an indelible mark on Osun’s economy. Their success stories not only reflect the opportunities available within the state but also serve as inspiration for future generations.