The richest politicians in Nigeria presently. Politicians are those engaged in politics, especially an elected or appointed government official. Or you can say they are those who play active politics and also hold public offices either by election or by appointment.
Have you ever wondered why a great number of people struggle for political power in Nigeria? One of the reasons is in its connective power to other power sectors like Financial Power, Economic power, etc. This is also why people who have tasted it keep struggling to remain in it.
It is also not a doubt that Nigerian politicians are the highest paid in the world. Even business owners if given a chance to go into politics will embrace the opportunity, not for its service but for its gain and reward.
Every politician is rich. However, we will rather be focusing on the top 10 richest politicians, starting from the lowest to the highest.
Top 10 Richest Politicians In Nigeria 2020
1. Chief Bola Ahmed Tinubu
Estimated Net Worth $8.4billion.
The famous TINUBU was Lagos State Governor from May 1999-2007.
He is married to Oluremi Tinubu, representing Lagos Central District. Father of Seyi Tinubu, the emergency Financial Consultant to all parastatals and Local governments in Lagos State.
He owns properties, companies, cars and private jets. He aspires to be the become Nigeria’s President come 2023.
2. Ibrahim Badamasi Babangida (IBB)
Estimated Net Worth $5billion
He was born on 17th August 1941 in Niger State. He is a businessman and a politician.
The second richest politician in Nigeria has about 24% of Nigerians second-largest telecom company, Globalcom and other notable companies far and wide.
He has a BMW 760 LI 2015 Mercedes – Benz S Class, Toyota Land Cruiser and a Private Jet.
3. Ifeanyi Ubah
Estimated Net Worth 1.7billion
Ifeanyi Ubah is a businessman who made his wealth even before he joined Nigerian Politics. He was born on 3rd September 1971, the first of seven children. He made his first million at age 19.
He is married to Uchenna Ubah, with five children. The founder of Ifeanyi Football Club, also chairman and board of directors to several prestigious companies.
Among his collections are Rolls-Royce, Land Rover, Cadillac Escalade, Toyota Land Cruiser, Toyota Highlander, $31 million private jets.
4. Olusegun Obasanjo GCFR
Estimated Net Worth $1.6billion
Olusegun Obasanjo usually called OBJ is from Ogun State, was born on 5th March 1938. He was the former Nigerian Army General; served twice, as a Nigerian Army General, as a Military ruler 1976-1979, as a civilian president 1999-2007.
The father of two children and owner of Ottah Farms, one of the biggest and largest poultry in West Africa.
He has a Private Jet, Helicopter, also have cars, Highlander, Mercedes – Benz, S6S Sweden, Lexus 570, Toyota Land Cruiser, Toyota highlander 2017.
5. Rochas Okorocha
Estimated Net Worth $1.4billion
Rochas Okorocha also known as Owelle was born on 22 September 1962. Former governor of Imo State who ran for two terms. He’s currently representing Imo West as a Senator in the 9th Senatorial district.
Founder of Rochas Okorocha Foundation where schools are built for the less privileged children.
His luxurious acquisitions are; two private jets, Rolls-Royce Phantom, Mercedes Benz S600, a Lexus LX 570, Mercedes-Benz Wassen V220, Mercedes Benz AMG63.
6. Atiku Abubakar GCON
Estimated Net Worth $1.4 billion
The former vice president of Nigeria during the administration of Olusegun Obasanjo as the president from 1999-2007.
Atiku comes from Adamawa, was born on 25th November 1946. He has 28 children from four wives.
He served as the Nigerian Customs Administrator for 20 years, which was believed to have made him affluence.
Atiku Abubakar has several assets, some are; a $2.5 million mansion in the USA, a private jet worth $4.1million, Mercedes S550, Toyota Land Cruiser, Range Rover and Lexus 570.
7. Orji Uzor Kalu
Estimated Net Worth $1.1 billion
Orji UZOR Kalu was the former governor of Abia State, from May 1999-2007. Married to Ifeoma Kalu with four children. Before he became a governor, he was the president of Borno Water Board, the chairman of the cooperative and Commerce Bank.
He was once a member of the People’s Democratic Party(PDP), Progressive People’s Alliance (PPA), currently a member of the All Progressive Congress.
Orji Uzor Kalu is the president of Daily Sun Newspaper, SLOK Holding and New Telegraph. Founder of the Enyimba FC.
He has several mansions both in Nigeria and abroad. His cars are Bentley, Range Rover, Mercedes C Class, Benz S5550 among others, said to have 7 private jets.
8. AHMADU ADAMU MU’AZU
Estimated Net Worth $895million
Ahmadu Adamu Mu’ Azu was the governor of Bauchi State and the former chairman of the People’s Democratic Party. Was born in Boto, Tafawa Belewa, Bauchi State on 11 June 1955.
Lexus LX 570, Range Rover Discovery and Toyota Sequoia are some of his expensive cars.
9. Dino Melaye
Estimated Net Worth $890 million
The humorous Nigerian politician was born on 1st January 1974 from Kogi State. The Senate represented the Kogi West district at the 8th National Assembly.
The controversial politician is currently unmarried after two failed marriages, which ended on the basis of severe violence on wives. The name Dino Malaye accompanied turpitude and scandal.
The celebrity politician has a great love for expensive cars and luxurious lifestyle. His cars are always among the current most expensive cars, among others are; Bentley Continental, Rolls-Royce, Lamborghini Huracan, Bugatti Veyron.
10. Rotimi Amaechi
Estimated Net Worth $780 million
Rotimi Chibuike Amaechi was born on 27th May 1965. The governor of Rivers State from 2007-2015. He served as the Director-General in 2019 elections when President Buhari was re-elected. He’s married to Judith Amaechi in 1993 and they have 3 boys.
He’s currently the minister of transportation in Nigeria.
His magnificent cars among others are; Mercedes-Maybach Vision 6, Lexus LX 570, Mercedes AMG G63, Land Rover Discovery. It is speculated that he has a Brazilian Embraer Legacy of 9billion naira.
Below is the summary of the richest politicians in Nigeria 2020
- Chief Bola Ahmed Tinubu. $8.4 billion (₦3 trillion 46 billion)
- Ibrahim Badamasi Babangida $5 billion (₦1 trillion 813 billion)
- Ifeanyi Ubah 1.7 billion (₦616 billion 454 million)
- Olusegun Obasanjo GCFR
- Rochas Okorocha. $1.4 billion (₦507 billion 668 million)
- Atiku Abubakar GCON. $1.4 billion (₦507 billion 668 million)
- Orji Uzor Kalu. $1.1 billion (₦398 billion 882 million)
- Ahmadu Adamu Mu’Azu. $895 million (₦324 billion 545 million)
- Dino Melaye. $800 million (₦290 billion 96 million)
- Rotimi Amaechi. $780 million (₦282 billion 843 million.
We could say that politics is a lucrative job in Nigeria, as finances are always the reward. Now, you know why everyone wishes to either become a politician or have a connection with a politician. Notable businessmen like Mike Adenuga, Aliko Dangote, Folorunso Alakija, Allen Onyema are in one or two ways connected to politicians. So, don’t be surprised to know if politicians have some constant inflow of percentages from notable companies here in Nigeria, the business tycoons on the other gets financial support from the politicians. Reality is that the politicians never stop to acquire luxury even for their generation unseen.
Most of these politicians are also retirees, which means that their wealth and luxury were acquired while on the seat. It is rather pitiable that the country that has the highest paying politicians is considered poor, hungry masses spread across the country. While the country’s wealth is shared by a handful of individuals in the country.
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