Ekiti State Billionaires: Top 10 Richest Men In Ekiti State

Let’s be honest, when people hear "Ekiti State," what comes to mind first? Book smarts, right? I mean, this is a state that prides itself on intellectuals, professors, and scholars. But what many don’t know is that some of these brainy folks have turned their intelligence into serious money. Not just the kind of money that gets you a decent car and a home in Ado-Ekiti—but the kind of wealth that echoes in boardrooms and policy circles across Nigeria.

In this blog post, we’re going on a journey through Ekiti’s financial elite. We’re talking about the richest men from this state—those who have turned their ideas, talents, and hard work into enormous wealth. It’s not just about oil or tech; it’s law, politics, entertainment, and a little bit of hustle mixed with divine grace.

Sit tight, stay curious, and maybe, just maybe, your name might pop up in this list one day. Let’s dive into the top 10 richest men in Ekiti State in 2025!

1. Chief Afe Babalola, SAN

• Industry: Law, Education, Real Estate

• Estimated Net Worth: $500–680 million

Afe Babalola is the blueprint, the standard, the OG of wealth in Ekiti. Born in 1929, this Senior Advocate of Nigeria didn’t just stop at being a successful lawyer. He went on to establish Afe Babalola University (ABUAD), which is now one of the best private universities in West Africa. His legal firm has handled some of the biggest cases in Nigeria, and his investments in real estate and education continue to multiply.

If you’re looking for a role model in excellence, innovation, and legal genius, this is your guy. Afe Babalola doesn’t just have money; he has impact.

2. Chief Wole Olanipekun, SAN

• Industry: Law

• Estimated Net Worth: $122 million

Another legal titan, Wole Olanipekun is one of Nigeria’s most respected lawyers. He became a Senior Advocate in 1991 and has since taken on numerous landmark cases across the nation. He’s a former President of the Nigerian Bar Association and has made significant contributions to both legal education and human rights in Nigeria.

He might not be one to flaunt his wealth, but if you think legal excellence doesn’t pay, you haven’t heard of Wole.

3. Peter Ayodele Fayose

• Industry: Politics, Real Estate

• Estimated Net Worth: $295–500 million

Fayose is one of Ekiti’s most colorful and controversial political figures. Twice elected as governor, he built a reputation for being close to the people, unapologetically bold, and extremely influential.

Beyond politics, Fayose has a strong footprint in real estate. He reportedly owns properties across Nigeria and has several businesses running under the radar. Whether you love him or not, you can’t deny the fact that he’s one of Ekiti’s richest.

4. Dr. Olusegun Oni

• Industry: Politics, Engineering, Real Estate

• Estimated Net Worth: $200 million

Segun Oni is a man of many talents. As a former governor and a certified engineer, he has combined technical expertise with political savvy to amass considerable wealth.

From government contracts to private investments in construction and property, he’s turned every opportunity into long-term assets. Not loud, not flashy—just strategic and effective.

5. Femi Falana, SAN

• Industry: Law, Activism

• Estimated Net Worth: $80 million

This man needs no introduction. Femi Falana is one of the most vocal human rights lawyers in Nigeria. He’s argued cases that have shaped constitutional law, protected civil liberties, and challenged government impunity.

He’s the founder of Falana & Falana Chambers and has made a name for himself as both a legal powerhouse and a public intellectual. With a net worth of about $80 million, he’s not just a voice for justice; he’s also living proof that advocacy can be lucrative too.

6. Babatope Michael Agbeyo

• Industry: Media, ICT, Agriculture, Manufacturing

• Estimated Net Worth: $50 million

Tope Agbeyo is a visionary entrepreneur and the founder of Cornfield Group, a business empire with interests in media technology, manufacturing, ICT, and agriculture. His business has earned him both local and international recognition.

He represents the modern-day Ekiti success story—a young man who combined innovation with strategic thinking to create generational wealth.

7. Odunlade Adekola

• Industry: Entertainment

• Estimated Net Worth: $50 million

This iconic Nollywood actor hails from Otun Ekiti and is probably the most recognizable face from the state. Known for his hilarious roles and expressive acting style, Odunlade has starred in over 100 films and built an impressive brand around himself.

He owns a film production company, a hotel, and a record label. Who knew comedy and drama could be so profitable?

8. Falz (Folarin Falana)

• Industry: Music, Film, Law

• Estimated Net Worth: $45 million

The son of Femi Falana, Falz has made a name for himself in his own right. A trained lawyer, he chose the path of entertainment and flourished.

From hit songs to award-winning films, Falz has turned talent into treasure. He owns Bahd Guys Records and has bagged endorsement deals with major brands. He’s proof that you can mix activism, law, and entertainment—and still be rich.

9. Yinka Ayefele

• Industry: Music, Broadcasting

• Estimated Net Worth: $20 million

Despite facing physical disability after a car accident, Yinka Ayefele turned tragedy into triumph. He built a gospel music empire and founded Fresh FM, one of Nigeria’s most successful private radio networks.

Ayefele is a symbol of resilience and innovation, and his story is a source of inspiration for every aspiring entrepreneur.

10. Richard Olufemi Bamisile

• Industry: Politics, Agriculture, Real Estate

• Estimated Net Worth: $10 million

Popularly known as BAFEM, Richard Bamisile is a grassroots politician and businessman. He served as the Speaker of the Ekiti State House of Assembly and is currently a member of the House of Representatives.

In addition to politics, he has interests in agriculture and property development. His fortune may be modest compared to others on this list, but it is growing steadily.

Summary Table – Top 10 Richest Men in Ekiti State (2025)

Final Thoughts: Your Dreams Are Valid

So there you have it—the top 10 richest men in Ekiti State, 2025 edition. What makes this list special isn’t just the money these men have accumulated. It’s how they’ve done it. From law and politics to music and media, these men have shown that there are many paths to success.

The real takeaway? You don’t have to leave Ekiti—or even Nigeria—to make it big. You just need the right mix of passion, consistency, courage, and yes, a little bit of hustle. So whether you’re a student dreaming of becoming the next Afe Babalola or a creative hoping to outshine Falz, remember: greatness starts where you are.

Dream big. Work smart. And maybe someday, someone will be writing about you on a list like this.