Insight

• Infinity Media
• 5 Min Read

Kwara State Billionaires: Top 10 Richest Men In Kwara State

Kwara State. The State of Harmony. A place where cultures meet, minds sharpen, and—wait for it—money flows. If you ever thought this North Central state was just about calm vibes and cool evenings, think again. Beneath the peaceful exterior lies a league of men who have built not just businesses, but empires. Kwara is home to some of Nigeria's most influential figures, and today, we’re shining the spotlight on ten of them.

Get ready for a journey into boardrooms, prayer rooms, film sets, political chambers, and family estates. From businessmen who started from humble beginnings to politicians who understood the assignment, this list is packed with lessons and inspiration.

Let’s dive in!

1. Dr. Olusola Bukola Saraki

• Industry: Politics, Oil & Gas, Banking, Real Estate

• Estimated Net Worth: $250–800 million

Whether you like him, criticize him, or analyze his every move, one thing is clear—Bukola Saraki is a force to reckon with. He was once the Governor of Kwara State and also held the esteemed position of Senate President. But what many don’t know is that his wealth journey didn’t start in politics. Born into the influential Saraki dynasty, Bukola built on that foundation through smart business moves in oil, banking, and real estate.

He’s articulate, strategic, and obviously not shy when it comes to making bold moves. His name opens doors, and his portfolio keeps them open.

2. Prince Samuel Adedoyin

• Industry: Manufacturing, Real Estate, Agro-business

• Estimated Net Worth: $200 million

Samuel Adedoyin is the embodiment of old-school hustle. He started by selling goods in Lagos markets and gradually built a manufacturing empire under the Doyin Group. Think soap, food products, household items—you name it. The man turned sweat into gold.

Today, he has businesses across real estate, agriculture, and hospitality. He’s not on Instagram flexing, but his balance sheet speaks louder than any status update.

3. Bishop David Oyedepo

• Industry: Religion, Education, Publishing, Real Estate

• Estimated Net Worth: $150 million

Call him a preacher, a businessman, or an educationist—David Oyedepo wears many crowns. As the founder of Winners Chapel and Covenant University, he has created institutions that serve both spiritual and academic needs.

His wealth doesn’t come from tithes alone. Publishing, media, schools, and real estate ventures have contributed significantly. He proves that faith and finances can coexist—gracefully.

4. Governor AbdulRahman AbdulRazaq

• Industry: Oil & Gas, Agriculture, Construction, Real Estate

• Estimated Net Worth: $5–200 million

Before stepping into politics, AbdulRahman AbdulRazaq made his mark in Nigeria’s oil and gas sector. He is the founder of First Fuels Ltd., one of Nigeria’s indigenous oil companies. But he didn’t stop there. Agriculture, construction, and tech are also in his portfolio.

As the current Governor of Kwara State, he's mixing governance with economic insight. A low-key businessman with high-level impact.

5. Abdulfatah Ahmed

• Industry: Banking, Real Estate, Agriculture

• Estimated Net Worth: $3–350 million

A former governor and financial technocrat, Abdulfatah Ahmed started off in the banking sector. From GTBank to Société Générale, he climbed the ladder with precision before diving into politics.

After his tenure, he focused on expanding his investments in agriculture and property. Not as loud as his peers, but definitely just as strategic.

6. Professor Ibrahim Gambari

• Industry: Diplomacy, Academia, Consultancy

• Estimated Net Worth: $3 million (conservatively estimated)

Professor Gambari is the definition of brains and diplomacy. A global citizen who has served as Nigeria’s Ambassador to the UN and Chief of Staff to the President, his career is a masterclass in service and influence.

While public office may not scream "millionaire lifestyle," the reality is that international consultancies and board appointments add up nicely.

7. Kunle Afolayan

• Industry: Film, Entertainment, Production

• Estimated Net Worth: $1.3 million

The creative genius behind Nigerian cinematic gems like "October 1" and "Aníkúlápó," Kunle Afolayan is proudly Kwara-born. He doesn’t just act—he directs, produces, and builds media studios.

From Netflix deals to cinema runs, his impact on Nollywood is both cultural and financial. And yes, he’s proof that you can turn passion into paychecks.

8. Alhaji Lai Mohammed

• Industry: Law, Politics, Communications

• Estimated Net Worth: $500 million

Lai Mohammed has been at the heart of Nigeria’s political and communication landscape for years. As a seasoned lawyer and former Minister of Information, his influence spans decades.

He’s built significant wealth through legal practice, political appointments, and strategic investments. Say what you want about his press conferences, the man is financially secure.

9. Alhaji Razak Okoya

• Industry: Manufacturing, Real Estate

• Estimated Net Worth: $600 million

Though more associated with Lagos, Okoya has deep roots in Kwara. As the founder of Eleganza Group, he revolutionized the local manufacturing industry. From furniture to plastics, his factories run like clockwork.

He believes in mass production, and he’s earned mass profits. No flash, just factory floors and financial growth.

10. Senator Rafiu Adebayo Ibrahim

• Industry: Banking, Politics, Consultancy

• Estimated Net Worth: Undisclosed (likely significant)

Former senator and financial expert, Rafiu Ibrahim is a man of numbers. He’s the founder of IbraFunds and has worked in banking, policy-making, and consultancy.

He may not flaunt his numbers, but insiders know he’s in the big league.

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

💬 Final Thoughts

Kwara isn’t just a peaceful state—it’s a land of possibility. These men have shown that from the streets of Offa to the boardrooms of Ilorin, you can build something lasting. They started differently—some with political legacies, others with nothing but ideas—but they all share one trait: determination.

Young people in Kwara and beyond should look at this list not with envy, but with curiosity. What steps did these men take? What habits set them apart? How did they deal with failure?

Success is not magic. It's strategy, grit, and sometimes, divine timing. So keep learning, keep growing, and who knows? Your name might just make it into the next edition of this list.

Until then, stay inspired—and stay building.