Top 20 Richest Politicians In Nigeria (2020)

Who are the Richest Politicians in Nigeria? Nigeria is a nation rich in resources and diversity. Over the years, there has always been a rising trend in the rate of corruption by the country’s government. This has led to a dwindling standard of living by many of the country’s citizens. While one may argue that there are those politicians who have the best interest of the people at heart, it is clear that they are too far between to even count; most of which have been gobbled up by the country’s political system.


We are not going to be looking at how corrupt the Nigerian government and its politicians are, we are however going to take a good look at twenty of Nigeria’s richest politicians and what makes them “worthy” of being on our list. Who knows, the top three might just shock you.

Top 20 Richest Politicians In Nigeria

For this list, references were made from reputable and trustworthy sites and informants like Forbes Magazine, American business magazine, and the renowned Wikipedia. The information provided below is as current as possible. Here goes the top richest politicians in Nigeria list.

#20 Abubakar Sani Bello Net Worth $360 million USD

The twentieth on our list goes to non-other than the current governor of Niger State, Abubakar Sani Bello. He has been estimated to have a net worth of no less than $360 million. Yes, this esteemed state governor is worth 360 million dollars.

#19 Wille Obiano Net Worth $400 million USD

With a net worth of no less than 400 million dollars, the current governor of Anambra state takes his place as the 19th richest politician in Nigeria.

#18 Akinwunmi Ambode Net Worth $410 million USD

Occupies the 18th position on the list of the richest politicians in Nigeria. He is the former governor of Lagos State, served its people for a solid 4 years. He is believed to be worth a total of 410 million dollars in net worth.

#17 David Mark Net Worth $530 million USD

Former Senator David Mark hails from Benue state in the middle belt part of Nigeria. The retired senator has served in a plethora of positions in his political career but is most notable for his role as the Senate president of Nigeria. He is estimated to have a net worth of around 530 million dollars in cash and assets, placing him in the 16th position on our list.

#16 Aminu Waziri Tambuwal Net Worth $565 million USD

Is the current governor of Sokoto State in the Northern region of the great country that is Nigeria. The reason that he is ranked 14th on our list is simply due to the fact that he is estimated to be worth a total of five hundred and sixty-five million dollars ($ 565 million).

#15 Nasir Ahmad El Rufai Net Worth $570 million USD

Makes his way to number 13 on our list of richest politicians in Nigeria. The current governor of Kaduna State in the Northern region of the country is said to be worth 570 million dollars in cash and assets.

#14 Nyesom Wike Net Worth $600 million USD

Governor Nyesom Wike of Rivers State in the South-South region of the country is the 12th richest politician on our list, amassing a net worth of $600 million US dollars in his political career.

#13 Adams Oshiomole Net Worth $625 million USD

Comrade Adams Oshiomole once served as the governor of Edo State in the southern part of the country, he is also former APC’s national chairman. He has a total net worth of 625 million dollars.

#12 God’s will Akpapio Net Worth $670 million USD

With a net worth of about 670 million dollars in cash and assets, the former governor of Akwa Ibom State in the Southern part of the country comes in as number eleven on our list of the richest politicians in Nigeria.

 #11 Rotimi Amaechi Net Worth $780 million USD

The former minister of transportation and former governor of Lagos State makes his way to the top ten on our list of the twenty richest politicians in Nigeria. With a net worth of 780 million dollars, he was born to be on this list.

#10 Dino Melaye Net Worth $800 million USD

With a net worth of 800 million dollars, the former senator of Kogi west has made it to the 9th position on our list.

#9 Ahmadu Adamu Mu’azu Net Worth $895 million USD

Mallam Ahmadu Mu’azu once served as the governor of Bauchi state in Northern Nigeria. He is estimated to worth about 895 million dollars in cash and assets, ranking him on our list as the 9th richest politician in Nigeria.

#8 Mohammadu Buhari Net Worth $1 billion USD

The current president of Nigeria since 2015, holds the 8th position on our list with the sum of no less than 1 billion dollars.

#7 Orji Uzor Kalu Net Worth $1.1 billion USD

Chief Orji Uzor Kalu once served as the governor of Abia state. He is said to worth 1.1 billion dollars in cash and assets. The former member of the People’s Democratic Party, (PDP) is ranked 7th on our list.

#6 Atiku Abubakar Net Worth $1.4 billion USD

He once served as the vice president of Nigeria under the reign of Chief Olusegun Obasanjo, for a presidential term that lasted 8 years. Like many other politicians on this list, he owns his own business and is rated to worth 1.4 billion dollars in cash and assets, ranking him 6th on our list.

#5 Rochas Okorocha Net Worth $1.4 billion USD

The former two-term governor of Imo State also happens to be an avid businessman. He was once known for his philanthropic acts and is said to have a net worth of 1.4 billion dollars that we know of.

#4 Olusegun Obasanjo Net Worth $1.6 billion USD

Chief Olusegun Matthew Okikiola Aremu Obasanjo once served as this country’s democratic leader for 8 years, before choosing to retire from the political stage. He, just like a handful of political leaders, was once military leaders. Today, he owns his own business and has invested in other areas of the economy. He is estimated to have a net worth of 1.6 billion dollars.

#3 Ifeanyi Ubah Net Worth $1.7 billion USD

The politician hails from Anambra state in South-Eastern Nigeria and currently serves the country as a member of the national Senate board. Yes, the senator worth 1.7 billion dollars is ranked number three (3) on our list.

#2 Ibrahim Babangida Net Worth $5 billion USD

Also popularly called IBB, was once the military head of state of Nigeria. General Ibrahim Badamasi Babangida is said to have a net worth of 5 billion dollars, which amounts to almost 2 trillion Naira. He was also once the richest Politician in the country. With wealth like his, he has earned his spot as the second wealthiest Politician in the country.

#1 Bola Tinubu Net Worth $8.4 billion USD

The richest Nigerian politician is the one and only Jagaban himself, Chief Bola Ahmed Tinubu. The former Senator of The Lagos west Constituency is also one of the most influential politicians in the whole of the country. He has amassed a great amount of wealth for himself to the tune of 8.4 billion dollars, which totals up to 3 trillion,  With a net worth like this, it comes as no surprise that he is number one on our list.


Nigerian politics is a cruel and dirty game, just as much as it is dark, there are also agents of light, albeit few, who try to make a positive impact. It is no secret that most of the money and wealth mentioned above was built on the corpses and suffering of millions of Nigerians. The situation has led to an increase in all sorts of financial crimes and vices, and while it is tempting to put the blames on politicians and a corrupt government, the fact remains that each and every one of us is responsible for the choices and decisions we make.

Two wrongs do not and can never make a right. Financially harming innocent people through thefts or other fraudulent activities in a futile attempt to harm the government for financially harming its citizens, is as good as trying to fetch water in a basket or sieve. There are other ways to build and strengthen ourselves where a corrupt government has failed us.

This list does not just serve to inform us about who is rich and how much they own, and it sure was not created in a bid to inspire negatively. Rather, it was made in hopes that we understand that there is wealth in this country. From its resources, both human and geographical, there is so much that Nigeria has to offer.

Invest in your country, build and empower, get enlightened, and educate your fellow citizens. Don’t give this greedy corrupt government any chance to take this country for a ride. We can only have a corruption-free Nigeria when we begin to put the needs of the country first before ours. If we could all begin to ask ourselves, “what can I do for my country/ community, what can I do to ensure that we do not remain gullible to the wiles of a corrupt government, how can I empower myself and my fellow Nigerian citizens?”. If we as a country can begin to think as one singular entity; one person, then we can get Nigeria to be a corruption-free country.

Do you agree with our list? Leave a comment. Thanks for reading.


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